Early direct deposit
How early direct deposit works
1. Employer submits payroll files to the Federal Reserve to start the direct deposit process.
2. The Fed notifies Varo of the amount of money you should receive with that deposit post.
3. We deposit your money in your bank account as soon as we receive the direct deposit notification.
4. For most Friday paydays, we get the alert from the Fed on Wednesday, so you may get your money faster than your co-workers.*
Pay bills earlier, sleep better
Sleep soundly knowing you can pay your bills up to two days early. With early direct deposit, you can get paid early and access your paycheck before it’s available at traditional banks.
No time like tax timeSet up early direct deposit to your Varo Bank Account and you could get your paycheck early and tax refund up to two days early.^
How does early direct deposit work?
What info do I need to set up a direct deposit?
Setting up your direct deposit with Varo is easy! Go to your employer or government agency’s online portal and enter your Varo Bank Account number, type of account, and routing number. You can find that information in the Varo app by tapping Move Money > Direct Deposit. Otherwise, you could directly provide your Varo Bank Account information to your HR department or government agency for processing.