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An online bank account made easy.

Open an online bank account with no monthly fees or minimum balance.

Why open an online bank account with Varo?

Save what you’re spending on monthly fees and join the first all-digital national bank in the country. A Varo Bank Account can help you make progress with your money

BankMonthly maintenance feeMonthly daily balance to waive monthly feeOverdraft fee
Varo$0$0None — we help you spend only what you have4
Wells Fargo1$10$500$35
Bank of America3$12$1,500$35

Ditch hidden bank fees with a Varo Bank Account

  • No hidden fees
  • No overdraft fees-we help you spend only what you have4
  • No monthly account fees
  • No transfer fees
  • No foreign transaction fees
  • No fees at 55,000+ Allpoint® ATMs in places you already shop5

Your bank deposits are FDIC insured up to $250,000 per depositor, for each account ownership category.

Your bank deposits are FDIC insured up to $250,000. We don’t have many fees, but here are the few we charge.

An online bank account that keeps your money flowing.

Get paid up to two days early with direct deposit.6

Your paycheck will be automatically deposited into your checking account.

Send and receive money fast with Zelle®.

Zelle® and Varo to Varo transfers are available in your Varo app7, so you can make all your money moves in just a few taps. No fees.7

Get an online bank account with a debit card that works for you.

With a Varo Bank Visa® Debit Card you can tap to pay wherever you see the contactless symbol.

Add your card to your digital wallet and your set to go cardless.

Lock your EMV-chip debit card in the app in seconds to protect yourself from unauthorized use.

Visa Zero Liability guarantees you won’t be held responsible for unauthorized charges on your debit card.8

Deposit money, move money

Deposit checks in the Varo app. Qualifications apply.^

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


What is an online bank account?

This type of account offers the features of traditional banking — deposits, withdrawals, transfers, and payments — without having to visit a local branch. Accounts from 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 an account online?

You can do it 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 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 an account with Varo. That means you won’t pay a fee 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!

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 protects you in case of unauthorized charges. Additionally, all deposits are FDIC insured up to $250,000.

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 account balance.

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