Full-service banking, no monthly fees

Get an online bank account with no monthly fees or minimum balance.
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person using varo card

Ditch hidden bank fees for good

  • No monthly account 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 up to $250,000. We don’t have many fees, but here are the few we charge.

Keep your money flowing

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

Your paycheck will be automatically deposited into your checking account.

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Send money instantly

With Varo Bank to Varo Bank transfers, you can instantly send money to other Varo customers. No waiting, no fees.

Get a card that works for you

NEW! Earn up to 6% cashback at select brands every time you use your Varo Bank Visa® Debit Card or Varo Believe card. 

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.^

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person holding varo card and phone with varo bank app

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.^^

Start qualifying for Varo Believe.

Get a Varo Bank Account today!

Applying won’t impact your credit score.


What is an online bank account?

An online bank account is a type of checking account that 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 fees for having a zero dollar balance. Plus, there are no ongoing minimums required to maintain your fee-free status. Pretty great, right? Varo doesn't charge many fees, but there are some situations when you may have to pay one, which you can learn about here. 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.