Bigger advances, better peace of mind: Announcing Varo Advance up to $500!

All Varo products and services mentioned below are contingent upon opening a Varo Bank Account. Qualifications may apply. 

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

We heard you loud and clear!

In a strategic move to curb financial stress and offer a helping hand to customers who need it most, Varo has now expanded Varo Advance to include limits up to $5001.

Increased support when you need it most

The world doesn't slow down, and neither should your bank. Varo Advance is integrated directly into your Varo app, ensuring you can access up to $5001 within seconds, without the headache of hidden fees. It's banking at the speed of life, designed for real people with real needs.

Designed with you in mind

Everyone wants the value of their cash advance to be worth the cost, and Varo Advance remains one of the most competitively priced short-term loan amounts on the market2. We've listened to your feedback and doubled our advance limit — all to provide more of the financial support that our Varo family deserves.

Here’s what you need to know about Varo Advance and how we provide accessible financial solutions for our customers:

• Varo Advances are offered with a small and transparent one-time fee3.

• Customers have a full 30 days to pay it back — you choose when and how!

• Eligible customers start between $20-250, growing their amounts up to $500 over time1.

UPDATE: As of 12/18/2025, you can now receive your first cash advance (between $20-$250) on the same day you become a Varo customer by linking a qualifying account1.

Moving forward together

“We have increased the maximum limit for Varo Advance because our customers living paycheck-to-paycheck have asked for a way to pay for increased living costs without going into costly debt,” says Varo CEO, Colin Walsh.

Varo is paving the way forward, answering your needs with solid, actionable solutions that are grounded in our 2023 directive — to be proactive about the financial wellbeing of our customers. We're on a mission to provide not just a temporary fix, but a means to foster long-term financial health and success in your life.

Get started today or click to learn more about Varo Advance!

Unless otherwise noted above, opinions, advice, services, or other information or content expressed or contributed by customers or non-Varo contributors do not necessarily state or reflect those of Varo Bank, N.A. Member FDIC (“Bank”). Bank is not responsible for the accuracy of any content provided by author(s) or contributor(s) other than Varo.

1. Varo Advance (VA) is a small dollar line of credit. Initial limits range from $20-$250. Fees range from $1.60 - $40 based on loan amount, and deposits to your Varo Bank Account. No interest is charged. For full details see Terms and Conditions. Your current limit and applicable fees can be viewed in the Varo App. Only one outstanding advance at a time, must be repaid in full prior to requesting a new advance. Limits and eligibility evaluated daily and may change at any time. You must have an active Varo Bank Account with a positive balance, no delinquent VLOC or charged off Believe account in prior 6 months and one of the following: 1) receive Qualifying Direct Deposits (QDD) of $800+ to your Varo Bank Account current or previous calendar month (max line size $500). 2) A linked account with QDD of $800+ in the current or prior calendar month, average daily balance of $100 in the previous 30 days and active for at least 60 days (max line size $250) or 3) receive deposits of $800+ to your Varo Account in the previous 3 months (max line size $100). Add’l qualifications may apply.

Qualifying direct deposits are electronic deposits of your paycheck, pension or government benefits (such as Social Security or unemployment) from your employer or government agency to the extent that can be identified. Tax refunds and government stimulus payments, Person-to-Person payments (such as Venmo or Varo to Anyone), and funds deposited using a Varo routing number are not considered a direct deposit.

2. Based on November 2023 internal Varo research among single standalone loans with repayments of 30 days or less, no subscription fees or early wage payment requirements.

3. Varo Advance fees can be found in the Varo Advance Account Agreement.