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Get a cash advance with Varo® Advance

Borrow up to $100. Start at $20 and work your way up. No interest and one simple fee for Advances above $20. Qualifications Apply. No interest.

Stretch your paycheck

About to get to the register and need extra cash? Just had an unexpected expense? Tired of paying overdraft fees? We’ve got you covered. 

Varo Advance helps you stretch your paycheck. It gives you breathing room to keep control of your balance and offers peace of mind so you can focus on what matters most in your life.

It’s cash at the tap of a button. 

Stop paying overdraft fees. Stop paying unexpected fees. Stop paying unfair late fees.

How Varo® Advance works

Once you qualify, Varo Advance gives you access to $20 initially, and then up to $100 cash, directly in the Varo Bank app.1 Each loan has one simple fee depending on the amount of the Advance. You can make as many payments towards your advance as you want, when you want to, in any amount. You just have to pay it all back within 30 days.


How to qualify 

  1. Your Varo Bank Account must be at least 30 days old and active.
  2. You’ll need to have at least $1,000 in Qualifying Direct Deposits to either your Bank Account, Savings Account, or both combined within the last 31 days.
  3. You must have activated a Varo Bank Debit Card. 
  4. Additional qualifications apply.

Upon qualification, you will have access to a $20 Advance. Once you successfully repay, you may qualify for more if you meet the additional criteria.


Set up an automatic payment to your Varo Advance Account between 15 and 30 days from the day you get your Advance. The dates you can make your payment will appear in the app for your selection.  


What is Varo Advance?

Varo Advance is a small-dollar line of credit. An “advance” is a loan deposited to your Varo Bank Account which must be repaid. Qualifications apply. To continue to receive advances, you’ll need direct deposits of $1,000+ over the past 31 days to your Varo Bank Account or Varo Savings Account, and neither account can be overdrawn, suspended, or closed. For $20 Advances, your qualifications will be evaluated daily. For Advances over $20, fees apply, and your payment history and qualifications will be reviewed monthly for any credit limit increases. To continue to qualify for Advances, payments must be made on time.

How many advances can I get with Varo Advance?

You can get one Advance at a time, and you’ll need to repay the Advance before requesting another one.

How do I qualify for Varo Advance?

You’ll qualify for an Advance if:

You’ve activated your Varo Bank debit card.Your Varo Bank Account is active (not closed or suspended) and in positive standing:

Your Varo Bank Account and/or Savings Account has an available balance equal to or greater than $0.00

Your Varo Bank Account is at least 30 days old. You’ll need at least $1,000 in total qualifying direct deposits* to either your Varo Bank Account or Savings Account, or both combined, within the last 31 calendar days.

Once you have Advance, to continue to get Advances you can’t have any previous late or missed Varo Advance payments.We’ll check your eligibility for a $20 Varo Advance daily. Once you meet the requirements, you can get an Advance immediately the next day. We will check eligibility monthly to see if you qualify for higher limits.

We’ll let you know in the app if you’re qualified or what qualifications you still need to meet.

How much can I borrow with Varo Advance?

When you qualify for Varo Advance, you’ll start off with a $20 limit — for free!

You can see the Advance amounts available to you by tapping on Varo Advance on your home screen. Keep in mind, your Advance limit may increase or decrease depending on your direct deposit and Advance repayment history. It’s important to repay your Advance to continue using Varo Advance.

How does a cash advance work?

There are a few different kinds of cash advances. For a credit card cash advance, you use your credit card to withdraw cash at the ATM. Once you qualify for the Varo Advance product, you simply tap a button to borrow the amount you’re eligible for, up to $100.

Does a cash advance hurt my credit score?

Credit card cash advances raise your credit utilization, which can negatively impact your credit score. Cash advances with Varo Advance have no impact on your credit score.

Do you have to pay back a cash advance?

Yep, you’ll need to pay back a cash advance. Varo Advance lets you choose your repayment date, within 15-30 days from when you get your Advance.

How quickly can I get a cash advance?

You can get cash fast with a cash advance, but typically it’s an expensive way to borrow money. Varo Advance lets you borrow at the tap of a button, with only one small fee, once you qualify. You’ll first have access to a $20 advance, which is free. Over time, you may qualify for higher amounts up to $100, coming with a small fee up to $5.