Make payday easy with direct deposit

Access your money quickly and safely — no paper checks required.

What is direct deposit?

Instead of getting paid with a paper check, direct deposit is when your money gets electronically transferred to your bank account by your employer, the government, a pension fund, or even the IRS. Since it’s an electronic payment, you can get your money faster than by depositing a paper check at the bank and waiting for your money to clear. 

Direct deposit is commonly used for payroll checks from your employer or from the Social Security Administration. With IRS direct deposit, you can get your tax refund and stimulus checks automatically deposited to your bank account.

It's a better way to get paid

When you get paid with direct deposit, your money gets automatically deposited to your bank account, so you don’t need to take any action. No time to get to the bank? No worries — your money will already be in your account with direct deposit.

Direct deposit is one of the most secure ways to get paid. Paper checks can get lost or stolen, but when your money is directly deposited into your account, you don’t have to keep track of a check.

Direct deposit lets you access your money faster than by depositing a paper check. Even better, with a Varo Bank Account, you can access your direct deposit up to two days early.* That means you can pay bills early and avoid late fees.

How to set up direct deposit

Whether you’re using direct deposit for recurring payments, like paychecks or government benefits, or for one-time payments, like stimulus checks or tax refunds, direct deposit makes it easier to access your money.

The setup process is typically the same no matter the payer. Here’s what you’ll need to get started.

  • Your bank routing number
  • Your account number
  • Your bank’s name and address
  • A voided check

Then, get a direct deposit form from your employer or payer to fill out and return.

With a Varo Bank Account, you can easily get a prefilled form in the app or on our site. Go to Move Money > Direct Deposit and follow the prompts to create a form.


Get your paycheck early

With early direct deposit to your Varo Bank Account or Savings Account, you can access your money up to two days early. We don’t hold on to your money, and we post it as soon as we get it. That way, it’ll never show as “pending.”

No check, no card, no problem

With direct deposit, you don’t need to worry about depositing paper checks. And when you add your debit card to Google Pay or Apple Pay, you don’t need to worry about carrying it around. Just link your card to your digital wallet, and you’re all set to go cardless.

Get a Varo Bank Account today!

Applying won’t impact your credit score.

FAQs about IRS direct deposit

How does direct deposit work?

With direct deposit, your money is directly deposited to your bank account through an electronic network called the Automated Clearing House (ACH). Your money clears automatically through the ACH and is available immediately. Some banks hold on to the funds for a few days, but we post your money as soon as we get it.

What’s the difference between direct deposit and wire transfer?

Both direct deposit and wire transfer are ways to transfer money electronically, but direct deposit is typically free and takes a day or two, while wire transfers come with a fee but happen in a few hours. Direct deposit is usually used for recurring payments, like a paycheck, and wire transfers are usually used for one-time or occasional payments, like buying a home.

Can I check the status of my direct deposit?

Absolutely. With a Varo Bank Account, you can easily check the status of your direct deposit in the Varo Bank app. Plus, turn on push notifications and you’ll instantly get notified when your direct deposit hits.

What forms are needed to set up direct deposit?

Typically, you just need to fill out a direct deposit form and give it to your employer or payer. With Varo, you can easily get a prefilled form right in the Varo Bank app.

Do you already have a Varo account?

How can we help you?

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I have questions about Varo Money

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When did you open your account?

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Before October 1, 2020

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After October 1, 2020