How it works
1. Employer submits payroll
Your employer submits payroll files to the Federal Reserve
2. Fed notifies Varo
The Federal Reserve notifies Varo of the amount of money you should receive
3. Money gets deposited
Varo deposits your hard-earned money in your account upon that notification
4. Get paid early
Get paid up to 2 days early! For most Friday paydays, we get the alert from the Fed on Wednesday, so you may get your money faster*
Start the weekend early, paycheck in hand
No more waiting until Friday to get your paycheck–go into the weekend confident that you got paid. There’s no better feeling than cash in your pocket!
Pay bills earlier, sleep better
Sleep soundly knowing you can pay your bills up to two days early* with Varo Early Direct Deposit.
Save more, fast
Everyone wants to save more money. With Early Direct Deposit, you can start saving early and earn more interest (i.e. with a Varo Savings Account)!
Tax time is a great time
There’s no better time to sign up for Direct Deposit with Varo than tax season. Sign up now and avoid waiting for your refund check in the mail.**
Your Varo Bank Account is provided by The Bancorp Bank, Member FDIC, and is insured to at least $250,000.