| Community Rating |
Rating not yet determined |
| Monthly Fee | $0 |
| ATM Fee: Out-of-Network | $0 |
| Minimum Balance to Avoid Monthly Fee | N/A |
| APY (Annual Percentage Yield) | 0% |
Varo Checking Account Review
Varo Checking Account is offered by Varo, a bank founded in 2015 and based in San Francisco, CA. Varo Checking Account is available in 50 states (and Washington, DC).
Key Takeaways
- 0% APY. As with most checking accounts, Varo Checking Account does not pay interest.
- $0 monthly fee. This account does not charge a monthly maintenance fee.
- No ATM fees. Varo Checking Account does not charge fees on ATM transactions.
- Hard credit pull. Varo may require a hard pull on your credit report to open a checking account.
Varo Checking Account Pros & Cons
| Pros | Cons |
|---|---|
|
|
Varo Checking Account FAQ
Are checking accounts from Varo federally insured?
Yes, your Varo checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does Varo Checking Account offer?
Varo Checking Account is not an interest-bearing account.
What are the account minimums for Varo Checking Account?
Varo Checking Account does not require a minimum initial deposit.
| Description | Amount |
|---|---|
| Minimum Initial Deposit | $0 |
What fees does Varo Checking Account charge?
The good news is that this account does not have a monthly service charge.
| Description | |
|---|---|
| Monthly Fee | $0 |
| Paper Statement Fee | N/A |
| ATM Fee: In-Network | $0 |
| ATM Fee: Out-of-Network | $0 |
| NSF Fee | $0 |
| Overdraft Protection Fee (per transfer) | $0 |
| Overdraft Item Fee | $0 |
| Early Account Closure | $0 |
| Returned Deposit Fee (Domestic) | $25 |
| Debit Card Replacement Fee | $0 |
| Bank Teller Fee | N/A |
| Check Cashing Fee | N/A |
| Online Bill Pay Fee | $0 |
| Stop Payment Fee | N/A |
| Check Image Service | N/A |
| Check Copy | N/A |
| Foreign Transaction Fee (Debit Card) | 0% |
| Wire Transfer Fee - Domestic (Outgoing) | N/A |
| Wire Transfer Fee - International (Outgoing) | N/A |
| Wire Transfer Fee - International (Incoming) | N/A |
| Returned Deposit Fee (International) | N/A |
| Wire Transfer Fee - Domestic (Incoming) | N/A |
| ATM Reimbursement Monthly Limit | N/A |
What features and perks does Varo Checking Account offer?
This account includes the following features:
- Mobile Banking Services - Varo Checking Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
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Availability
Available in 50 states and Washington, D.C.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| ATM Fee: In-Network | $0 |
| Debit Card Replacement Fee | $0 |
| Early Account Closure | $0 |
| Foreign Transaction Fee (Debit Card) | 0% |
| Monthly Fee | $0 |
| NSF Fee | $0 |
| Online Bill Pay Fee | $0 |
| Overdraft Item Fee | $0 |
| Overdraft Protection Fee (per transfer) | $0 |
| ATM Fee: Out-of-Network | $0 |
| Returned Deposit Fee (Domestic) | $25 |
Varo Checking Account Community Reviews
Would you recommend Varo Checking Account to your friends?
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