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Editors at Varo

varo

Varo Advance Is Here

With Varo Advance, qualifying customers can get up to $250!
Editors at VaroJanuary 12, 2023
varo

Introducing a new way to get support

Chat is live in the Varo app

 

Now, there’s an even easier way to get help when you need it. With chat in your Varo app, ...

Editors at VaroNovember 22, 2022
tips

Mercury in Retrograde: How To Improve Financial Communication

How To Improve Financial Communication

What Is Mercury in Retrograde?

Mercury appears to reverse its path three times a year and traverse backward through the sky. In astrology, ...

Editors at VaroOctober 19, 2022
financial perspectives

12 Things to Sell Right Now to Make Extra Money

When you’re in need of quick cash, it helps to be resourceful. Here are 12 things you can find and sell to make extra money. ...

Editors at VaroDecember 07, 2021
budget

Emergency Funds – How Much to Save and How

Links to external websites are not managed by Varo Bank, N.A. Member FDIC

When times get tough, you’ll be glad you set aside money in an ...

Editors at VaroDecember 06, 2021
credit repair

7 Reasons Why Your Credit Score Dropped

Links to external websites are not managed by Varo Bank, N.A. Member FDIC

Credit scores change all the time, and sometimes it’s unclear why. ...

Editors at VaroNovember 18, 2021
credit repair

7 Ways to Improve Your Credit Score Fast

If you’ve taken a look at your credit score lately and want to raise it by a few points, you may be wondering where to ...
Editors at VaroNovember 18, 2021
personal finance

Credit Score Ranges: What’s a Good Credit Score?

Your bank account balance isn’t the only number that’s critical to your financial future. Your credit score determines what rates and offers you’ll be ...

Editors at VaroNovember 18, 2021
personal finance

How Are Credit Scores Calculated? FICO Scores Explained

Links to external websites are not managed by Varo Bank, N.A. Member FDIC


What three-digit number can make or break your ability to borrow ...
Editors at VaroNovember 18, 2021
lifestyle

COVID-19 Unemployment Benefits: What’s New

Enhanced unemployment benefits have been extended by the new COVID-19 relief bill.
Editors at VaroDecember 30, 2020
lifestyle

COVID-19 Stimulus Payments Round 2: What You Need to Know

Another round of stimulus checks have just been issued by the U.S. government, but there are a few key differences.
Editors at VaroDecember 29, 2020
tools

We're Giving Away $4000 To You This Holiday Season

Holidays look a little different this year, so we're giving away some cash to set the mood.
Editors at VaroDecember 09, 2020
lifestyle

Hispanic Heritage Month: Celebrating Latinx Icons

These Latinx icons have changed our world and popular culture.
Editors at VaroOctober 09, 2020
tools

Hispanic Heritage Month: Reading and Watch List

Links to external websites are not managed by Varo or The Bancorp Bank

In our continued celebration of Hispanic Heritage Month, we wanted to ...
Editors at VaroSeptember 23, 2020
lifestyle

Celebrating Hispanic Heritage Month

We're celebrating all of you.
Editors at VaroSeptember 15, 2020
varo news

No-Fee Overdraft Has Saved You $100M

We're about better banking.
Editors at VaroSeptember 02, 2020
varo news

#VaroTogether Sweepstakes: Enter to Win $200

Hard times are easier with friends. See how you and a friend can win $200.
Editors at VaroJuly 14, 2020
lifestyle

Here's How You Can Be An Ally

The movement needs allies. Here's how you can help.
Editors at VaroJune 17, 2020
lifestyle

Here's How You Can Support BLM Protestors In Your Area

If you can't protest, you can still help.
Editors at VaroJune 08, 2020
lifestyle
Editors at VaroJune 05, 2020
money

7 Effective Ways to Save Money While Staying Home

More than 22 million Americans are out of work because of COVID-19. If you’re tightening your belt, you’re not alone. It’s a difficult time, but ...
Kayla MosesMay 05, 2020
money

Do You Qualify for a Coronavirus Stimulus Payment? Here’s What You Need to Know

For the vast majority of Americans, the pandemic and economic crisis are taking an unprecedented financial toll as millions of people are out of work. ...
Editors at VaroMarch 30, 2020
money

What to Expect When You Apply for Unemployment Benefits

Millions of people have filed for unemployment benefits as employers across the country respond to the pandemic and economic downturn. The Coronavirus Aid, Relief ...
Editors at VaroMarch 30, 2020
money

What Is an ACH Payment?

Every time your employer automatically deposits your paycheck into your banking account, you’ve received an ACH payment. Each time your auto insurance provider automatically deducts ...

Editors at VaroMarch 27, 2020
money

How to Send Money Online

It’s never been easier to send money online. But with so many options, it can be hard to know which online money transfer platform is ...
Editors at VaroMarch 25, 2020
money

What Is an Overdraft Fee and How to Avoid Them

If you’ve ever used your debit card to purchase something for $25 and then found out when you checked your bank statement that it actually ...
Editors at VaroMarch 24, 2020
money

What to Expect With Your Money During Coronavirus (COVID-19)

With economic and health news changing quickly, here’s what we know about important topics that touch your pocketbook: taxes, paychecks, bills, and banking. Take a ...
Editors at VaroMarch 20, 2020
varo 101

Letter from the CEO: The Varo Community and COVID-19

Thank you for being a valuable member of the Varo community.

With the latest public health and economic news, we want to assure you ...

Editors at VaroMarch 16, 2020
lifestyle

How to Prepare for an Emergency Without Spending a Fortune

How much money do you need to spend to prepare for coronavirus or another emergency?

The answer is: probably not as much you ...
Editors at VaroMarch 03, 2020
varo 101

Pay Off Debt or Save—Which is Better?

Paying off debt and saving money can both help you build your nest egg and become financially secure. But choosing which thing to do with ...

Louis DeNicolaFebruary 24, 2020
money

Boost Your Savings Account by Following These Tips

You know you should be saving, but bills, expenses, student loans, health insurance, and Netflix and DoorDash get in the way. Much like working out, ...
Editors at VaroFebruary 24, 2020
money

Emergency Funds: What is the Right Amount and Where Should You Keep It?

Life comes with many unexpected events. You can go from having a great week to a broken-down car or a medical emergency in two seconds ...
Editors at VaroFebruary 24, 2020
money

Overspending 101: Learn How to Spend Money Wisely

Have you ever wondered where all of your money has gone? You’re not alone. A Varo Money survey found that most Americans — a ...
Editors at VaroDecember 19, 2019
inspiration

Voices of Varo in Atlanta: Customer Stories

Atlanta is one of the biggest cities in the country and it's brimming with creativity and energy—Varo's flexible mobile banking app helps Atlantans get ahead.
Editors at VaroDecember 19, 2019
lifestyle

How to Save Money on Groceries Without Coupons

We all know shopping for food can add up. The total may vary depending where you live but it’s generally in the hundreds of ...

Editors at VaroNovember 08, 2019
money

How to Open a Bank Account with Bad Credit

You need to open a bank account but you’ve had but you have a negative banking or credit history. If this sounds like you, do ...
Editors at VaroOctober 28, 2019
money

Types of Bank Accounts: How to Choose What’s Right For You

When you think about where to store the money from your latest paycheck or the $20 bill your grandma sent you for your birthday, you ...
Editors at VaroOctober 23, 2019
money

9 Simple Ways to Manage Your Money Better

Are you consistently overspending? Do you feel overwhelmed by financial jargon? Do you have enough saved up to survive an unexpected expense?

Managing your ...

Editors at VaroOctober 23, 2019
money

12 Proven Ways to Make Extra Money in Your Spare Time

They say money can’t buy happiness. It can’t buy freedom, either. But having a little extra dough in your back account each month certainly makes ...
Editors at VaroOctober 09, 2019
money

Cómo empezar a usar su cuenta bancaria de Varo

Ya descargó la aplicación y se registró para tener su nueva y reluciente ...
Editors at VaroSeptember 14, 2019
lifestyle

Saving Money on Back to School Supplies

Shannon Rose’s two kids are still enjoying days full of swimming, playing outside and all the excitement that comes with being a kid on summer ...

Editors at VaroSeptember 05, 2019
lifestyle

Safe Online Shopping: 9 Ways to Stay Secure

There are still many great reasons to shop in person at a store—immediacy, the option to see things with your own eyes, supporting local retailers. ...

Editors at VaroAugust 23, 2019
lifestyle

The New American Dream? No Debt, No House Keys, No 9-to-5

The youngest generation of working Americans has a new dream for their future and it doesn’t involve a white picket fence or decades working the ...

Editors at VaroAugust 01, 2019
lifestyle

Stress About Money Is Literally Costing You Hours of Sleep

Student loans, upcoming bills, credit card debt, overdraft fees, job prospects. A pressure cooker of financial anxiety is keeping millennials up at night, worrying when ...

Editors at VaroAugust 01, 2019
varo 101

Where is My Direct Deposit?

Receiving money electronically through direct deposit is often the fastest way to get paid these days. There’s no driving to pick up a check or ...

Editors at VaroJuly 24, 2019
money

What is a Foreign Transaction Fee?

When you plan an international vacation, you probably start saving money so you can buy the flights, Airbnbs, food, and activities. If you’re going to ...

Editors at VaroJuly 08, 2019
money

Savings by Age: How Much Should You Have in Savings?

You could get a great new job offer or get lucky with a surprise windfall. Or you could get laid off and struggle to find ...

Editors at VaroJune 19, 2019
video

This One Habit Helped Zack Save $1,300 in a Year

Zack doesn't make a lot of money—but he still found a way to save $1,300 in a year. In this video, he shares his journey ...

Editors at VaroJune 03, 2019
varo news

Why We Varo

It’s humbling to think that less than two years ago Varo was still an idea. The banking app had not been released. In July 2017, ...

Editors at VaroMay 24, 2019
inspiration

Money Lessons from Mom (Hint: Save Your Money)

On May 12, we celebrate Mother’s Day in the United States. To honor the wisdom of our mothers, we asked Varovians what they have learned ...

Editors at VaroMay 10, 2019
varo news

Why Does Varo Suspend or Freeze Bank Accounts?

Our job is to keep your money safe and sound.


One of the ways we do that is by following banking laws and government regulations ...

Editors at VaroApril 25, 2019
varo news

How to Link Accounts With Varo (Hint: We Use Plaid)

Linking your money apps and other bank accounts with your Varo account just got easier.


Based on your requests for Varo’s app (we listen ...

Editors at VaroApril 08, 2019
money

Survey: Americans Squeezed on Saving Money Even While Hoping for Retirement at 60

There is some work to do — financially speaking — to close the gap between expectations and reality.


A new survey from Varo/Qualtrics showed ...

Editors at VaroFebruary 28, 2019
lifestyle

7 Apps We Use All the Time

We are always looking for ways to save time, effort, and money—and there’s nothing like a solid app recommendation to help you out on that ...

Editors at VaroFebruary 22, 2019
varo news

A Very Varo Holiday Greeting

Happy holidays from Varo

 

We're really proud of all the places and backgrounds we represent at Varo—we speak more than 20 languages here! We want to ...

Editors at VaroDecember 10, 2018
video

Is Your Daily Coffee Habit Wrecking Your Budget?

Dear Varo,


Do I have to stop spending money on lattes to save money?


The answer is no, of course not. Not at all. We ...

Editors at VaroOctober 30, 2018
lifestyle

Is Social Media Wrecking Your Budget?

In a word? Yes.


But first, a moment to enjoy what social media has given us: Social apps have turned phones into small personalized ...

Editors at VaroSeptember 27, 2018
varo news

Watch Varo CEO Colin Walsh on CNBC Closing Bell

Varo CEO Colin Walsh discussed why mobile-only banking is the future on CNBC's ...

Editors at VaroSeptember 10, 2018
money

3 Essential No-Fee Money Accounts for College Students

Life as a college or grad student is not exactly synonymous with having a lot of money or time.

 

And just because your net worth is ...

Louis DeNicolaSeptember 06, 2018
varo news

Varo Makes History: A Timeline of Mobile Banking

While today it seems pretty basic to deposit a check with a click of your camera app, or to send your roommate rent money with ...

Editors at VaroSeptember 04, 2018
video

How to Switch Bank Accounts

At Varo, we believe everyone deserves a great bank account—fee free.


We want to help you get there.


It can be time-consuming to switch ...

Editors at VaroAugust 16, 2018
lifestyle

When Your Side Hustle Becomes A Real Business

If you’ve been on the internet lately, you’ve probably read about the rising phenomenon that is the “side hustle.”

 

By definition, a side hustle is something ...

Editors at VaroJuly 23, 2018
video

This 29-Year-Old Is Building An Earthship to Pay $0 in Housing Costs

Meet Marcus Sisk: an entrepreneur and music producer in Gallatin, Tennessee. Currently, Marcus, 29, is working to build his own Earthship—a dirt-rich, off-grid, self-sustaining home—in order ...

Editors at VaroJuly 19, 2018
money

Why Varo Has No Overdraft Fees

Overdraft protection sounds pretty great. After all, it’s got the word protection right in the name.


But it might not actually provide the protection you’re ...

Louis DeNicolaJuly 11, 2018
varo 101

Varo vs. Big Banks: The Savings Rate Challenge

You’ve scrimped, you’ve sacrificed, you’ve brown bagged your lunch all year in order to build up your nest egg. Now it’s time to get the ...

Editors at VaroJuly 01, 2018
lifestyle

5 Ways to Eat Green and Save Money This Summer

"Going green" with your eating habits goes beyond that kale salad you ate for lunch today.


While it's clear that what you put on ...

Editors at VaroJune 26, 2018
video

She Had Zero Financial Help and Crushed It Anyway

Meet Bella Livingstone: a 24-year-old pastry chef who was able to build a successful career in the food industry with zero financial help. After moving ...

Editors at VaroJune 21, 2018
varo news

How Varo Is Changing the Customer Service Experience

For decades, customer contact centers have built a bad reputation. Customers hate calling them and people hate working there.


I’ve worked in financial services operations ...

Editors at VaroJune 13, 2018
video

Yes, You Can Afford Life in San Francisco as a Musician

Meet Sami Perez: a freelance audio engineer, musician, and student in San Francisco, CA. Born and raised in the Bay Area, Sami is hustling to ...

Editors at VaroJune 04, 2018
money

Track Your Spending in Real Time with Transaction Alerts

We have released our new Transaction Alerts feature to help you track your money in real time. It was a top-voted feature request from customers ...

Editors at VaroMay 31, 2018
video

How He Saved Up to Buy His First House and Build a Financial Foundation

Meet Elias Rodriguez: a nurse whose investment in education allowed him to build a comfortable life for his family. After years of living paycheck to ...

Editors at VaroMay 15, 2018
money

Varo Launches Automatic Savings Tool, Save Your Change

We’re making it easier than ever to save—and earn money on that savings—without having to think about it. By using an automatic savings app, you'll ...

Editors at VaroApril 30, 2018
video

Breaking the Bank With B-Boy Loose Lee

Meet Eugene Choe, 25, who’s building his breakdancing career as a b-boy in New Jersey. After opening his own dance school, aka Loose Lee ...

Editors at VaroApril 19, 2018
video

How to Make It in Young Hollywood When It Comes to Money

Meet Candy Washington: a social media influencer, blogger, aspiring novelist, and budding actress who’s hustling to build her career in West Hollywood.


When Candy ...

Editors at VaroApril 16, 2018
video

“Success actually forced me to make a decision.”

"I'm Candy Washington and I'm a Social Media Influencer. I grew up in upstate New York with four older sisters and my mom my father ...

Editors at VaroFebruary 14, 2018
video

"How I Found What I Needed to Do for the Rest of My Life."

In college, I was a visual art major. When I got into pastry at a more professional level, I found that it really served me- ...

Editors at VaroFebruary 02, 2018
money

Many Americans Don’t Have $400 in Savings: How Not To Be One Of Them

Importance of saving


You may hear about the importance of saving money, or at least having enough saved for an emergency, but do you do ...

Editors at VaroNovember 13, 2017
varo news

Time to Bank With Your Complete Financial Picture

The first step to living well is knowing how much you have to live on. With Varo, you can see all your money in one ...

Editors at VaroMay 03, 2017
varo news

Finally, A Bank Account That Helps You Live Your Life

We know most people don’t want to spend time thinking about money. Living life is more fun.


We’d rather plan travel and weddings, research buying ...

Editors at VaroApril 13, 2017
financial perspectives

What banking can learn from the music industry

Machine Learning: From “Hey Ya” to Banking


In The Power of Habit, best-selling author Charles Duhigg has an interesting story behind the Outkast song “Hey ...
Editors at VaroJanuary 24, 2017
varo news

Financial Stress: A Personal Problem with a Personal Solution

Feeling financial stress?


Have you experienced that awful feeling of worry and anxiety over money? I certainly have. As a teenager growing up in New ...
Editors at VaroDecember 22, 2016
money

Saving Your Way to Becoming the “Millionaire Next Door”

On a flight back to California after visiting my parents in Michigan, I found myself in awe of them. They are both in their late ...

Editors at VaroNovember 30, 2016
varo news

Creating a Customer Service Experience That’s Actually About the Customer

Customer service should be about the customer


When is the last time you called your cable company or mobile phone carrier and enjoyed a simple ...

Editors at VaroNovember 30, 2016
varo news

Rebuilding Banking on New Ideas: Finding a Company That Gets It

I have worked in financial services for over 25 years. Throughout my career as a marketing executive, it was my job to learn what consumers ...

Laurine GarrityNovember 09, 2016
varo

Driving innovation in banking

Inertia in a legacy industry


In 1898, the Commissioner of the US Patent Office said, “everything that can be invented has been invented.” Based on ...

Editors at VaroOctober 31, 2016
picking a bank

Why We Can’t Accept “Just Okay” from Banking

It’s not just getting from Point A to Point B

 

A few years ago, living in New York City and working miserably long hours, I often ...

Editors at VaroOctober 21, 2016
varo

From toasters to mobile banking – moving to better outcomes

From the Boss to the Biebs


Toasters, blenders and electric can openers. There was a time when these appliances were the state-of-the-art customer acquisition tools ...

Editors at VaroOctober 05, 2016
picking a bank

Design your own future with banking technology

Are you the person you want to be?


I hope your answer is “Yes!”  But I suspect a lot of people will say “no” or ...

Editors at VaroSeptember 20, 2016
live

Rented rooms and realizations: creating community in banking

Realizations in Rented Spaces


On a Saturday morning nine months ago, I stepped into a small office space that was being rented by the hour. ...

Editors at VaroSeptember 02, 2016
varo news

Building Mobile Banking the Way It Should Be

We know it’s broken.  Now let’s fix it.  


In previous posts, I have talked about the challenges facing the financial services industry. Now, I’d ...

Editors at VaroAugust 25, 2016
varo news

Disrupting an Old Industry by Knowing Todays Customer

Disruption is a word that gets bandied about a lot these days.

Michael SikorskyAugust 15, 2016
lifestyle

On Lessons, Leadership, and Legacy: A Conversation with David Coulter

I first met David Coulter earlier this year while discussing the vision and strategy of Varo with Warburg Pincus. Recently, I sat down with Dave ...

Editors at VaroAugust 02, 2016
inspiration

How to Live Your Life Richly

76 million stories, a shared challenge in “getting by”.


Lisa paused, glancing away from my gaze and toward the ceiling. She was a twenty-something grad ...

Editors at VaroJuly 22, 2016
lifestyle

My bank is not going to be my son’s bank

In a recent blog post, Colin quoted a stat that caught my eye:

"Forty-six percent of adults say they either could not cover ...

Editors at VaroJuly 18, 2016
varo

Design Takes Center Stage

“Any sufficiently advanced technology is indistinguishable from magic.”

This is the third and most often quoted of “Clarke’s Laws,” a series of adages ...

Editors at VaroJuly 06, 2016
tips

Saving, one spoonful at a time

76 million stories, a shared challenge in “getting by”.


Lisa paused, glancing away from my gaze and toward the ceiling. She was a twenty-something grad ...

Editors at VaroJune 27, 2016
varo news

Wet Socks and the Stock Market

We are obsessively focused on solutions that embrace human behavior and emotion, rather than just developing well-meaning products based solely on logical features. To be successful, we must incorporate our deep understanding of people's relationship with money.
Editors at VaroJune 21, 2016
varo news

Mission, Meaning, and 200 Near Misses

Career lessons inform a life’s purpose: enabling a generation to achieve financial security and freedom.
Editors at VaroJune 09, 2016