Ditch monthly bank fees for good.

Get an online bank account with no minimum balance.

No minimum, and none of these bank fees:

  • No monthly fees
  • No transfer fees
  • No foreign transaction fees
  • No fees at 55,000+ Allpoint® ATMs in places you already shop:
Your bank deposits are FDIC insured to at least $250,000.

Send money instantly

With Varo to Varo, you can instantly send money to anyone who uses Varo. No waiting, no fees**.


A mood boost from your money


Get paid up to two days early with direct deposit.*
Your paycheck will be automatically deposited into your Varo Bank Account.


This card works hard

Get a Varo Bank Visa® contactless debit card and tap to pay wherever you see this symbol:

Lock your EMV-chip debit card in the app in seconds.

Visa® Zero Liability guarantees you won’t be held responsible for unauthorized charges on your debit card.^

Deposit money, move money

Connect your other financial accounts to manage all your money and make transfers within one bank account.

Deposit checks in the app once you receive your first direct deposit.

Deposit cash at 90,000+ retail locations using Green Dot Reload @ the Register. Retail service fee applies.


Get a Varo Bank Account today!

Applying won’t impact your credit score.


What is an online bank account?

An online bank account offers the features of traditional banking — deposits, withdrawals, transfers, and payments — without having to visit a local branch. Online bank accounts with Varo are convenient, efficient, and easy to open and manage. All you need is a computer or mobile device and an internet connection to apply. Even better, we don’t have local branches to maintain, so that helps us avoid charging you monthly banking fees. Win win!

How can I open a bank account online?

You can open a bank account online without waiting in line at a branch. First, gather basic financial information about yourself for the application, like your full name, social security number, date of birth, and residential address. Next, download the Varo app from the App Store, tap "Get started," and follow the instructions to submit your application.

That’s it! The whole process should take you no more than five minutes. If you have any issues with your application, send us an email at [email protected] and we'll get right on it.

How do I withdraw or deposit money in a bank account online?

The quickest way to withdraw money from your online bank account is through one of our 55,000+ fee-free AllPoint® ATMs around the world. Besides the ATMs, you can access your money by getting cash back at any store where you use your Varo Visa® Debit Card, depositing checks directly using the Varo app, or depositing cash at 90,000+ retail locations using Green Dot Reload @ the Register.

Otherwise, you can transfer money between Varo accounts instantly without a fee, or connect a popular app like Apple Pay™, Google Pay™, PayPal, Cash App, or Venmo to cover everyday purchases.

Can I open a bank account with no money?

Yes! There is no minimum balance required to open a Varo Bank Account. That means you won’t pay any fees even if your account is empty. Plus, there are no ongoing minimums required to maintain your fee-free status. Pretty great, right? Simply have your government issued-ID and some personal details like your Social Security Number ready, and there you have it, you’re ready to apply for an online Varo Bank account!

Is online banking safe?

Online banking with Varo is safe. Keeping your personal information secure and your money safe is always at the top of our list. For example, with a Varo Visa® Debit Card, you get protection from Visa® Zero Liability^, which guarantees you won’t be held responsible for unauthorized charges. Additionally, all deposits are FDIC insured.

To stay safe when banking online, follow these safe online shopping tips, like using secure networks and creating strong passwords. Varo will also send you notifications if there are changes to your bank account balance.

^You must notify your financial institution immediately of any unauthorized use. For specific restrictions, limitations and other details, please consult your issuer.