Switch Your Bank Account

Are you ready for a fee-free bank account with a great savings rate? Download our step-by-step guide to learn how to switch banks.

Varo iPhone app and debit card

Switching to Varo is easy

1 Apply

Applying for a Varo Bank Account takes only minutes. Download the app and apply on your smartphone.

2 Transfer

Move your direct deposit and automatic payments to your new Varo account. Learn more in this video.

3 Enjoy!

Fee-free banking
2.12% Annual Percentage Yield(APY)^
Great customer service

I decided that I don’t need to go to the bank anymore - Varo on your phone is as convenient as it gets.

— Bahi, Varo customer

To anyone who is thinking about switching to Varo: don’t hesitate, it will be one of the best decisions you ever make.

— Iris, Varo customer

Varo is very simple and easy. You don't have to worry about charges.

— Jerry, Varo customer

Get Started

Apply for a Varo Bank Account now. The in-app application takes 5 minutes or less!

No credit check required
Varo Money iPhone app

Varo can disrupt big banks and build a more cost-effective and consumer-friendly platform that appeals to Millennials

[Varo’s] mission revolves around helping customers improve their financial situation

Varo’s aim is to provide a suite of app-based tools for customers’ financial health

Varo Money is an app that could replace a traditional bank account

Varo is a no-fee, all-in-one banking solution aimed at millennials… if you’ve lost your free account, ‘come to Varo, you’re welcome here

Varo’s machine-learned algorithms detect customer’s income and expenses, and then predict outcomes over the near-term future — linked to a system of notifications, recommendations and tracking