Hidden fees?
No, thanks.

We don’t have many fees, but here are the few we charge.

Get a Varo Bank Account with no monthly fees or minimum balance.

An illustrated wallet with money and coins
An illustrated wallet with money and coins

Varo Bank Account

No fees for…

  • Zero dollar balance
  • Overdraft: we don’t charge overdraft fees to help you spend only what you have*
  • Monthly maintenance
  • Transactions at 55K+ Allpoint ATMs (at everyday places like Target, Walgreens, etc.)
  • Depositing checks using the Varo app
  • ACH bank transfers
  • Varo Bank to Varo Bank transfers
  • Closing your account
  • Card replacement (for regular USPS delivery)
  • Foreign transactions

A few fees for…

  • Out-of-network (non-Allpoint) ATM withdrawals**: $2.50 per transaction
  • Cash deposits via third party money transfer services***: The deposit location may charge up to $5.95 for this service
  • Over-the-counter cash withdrawals: $2.50 per transaction
  • Express shipping for card replacement: $25.00 per shipment
two phones with varo app

Varo Savings Account

No fees at all, including no fees for…

  • Zero dollar balance
  • Monthly maintenance
  • Depositing checks using the Varo app
  • Savings tools to help you save automatically
phone with varo app

Varo Advance

No fees for…

  • Monthly subscription
  • Late payment
  • Return payment

A few fees for…

  • Varo Advance: Fees are charged per Advance and currently are****:
    $20 Advance: $0 fee
    $50 Advance: $3 fee
    $75 Advance: $4 fee
    $100 Advance: $5 fee
phone with varo app

Varo Believe

No fees for…

  • Monthly maintenance
  • Annual subscription
  • Transactions at 55K+ Allpoint ATMs
  • Cash advance
  • Return payment
  • Going over-the-spending limit
  • Card replacement (for regular USPS delivery)
  • Foreign transactions

Just a few fees for…

  • Late payments*****: $15.00
  • Out-of-network (non-Allpoint) ATM withdrawals**: $2.50 per transaction
  • Express shipping for card replacement: $25.00 per shipment
varo card

It’s time for a bank that treats you better.

No monthly account maintenance fees or minimum balance. No transfer fees. No foreign transaction fees. 

No minimum balance requirement – we don’t charge fees based on your balance.

woman with varo card

FAQs About No Hidden Fees

What specific fees do I avoid when I open a Varo account?

The Varo Bank Account and Savings Account have no hidden fees. That means Varo won’t charge a fee for ATM withdrawals at 55,000+ Allpoint® ATMs in stores like CVS, Target, and Walgreens. Here are some more fees Varo doesn’t charge when you open and keep a Varo account: minimum balance fees, monthly maintenance fees, or foreign transaction fees.

Are there fees to close a bank account?

No. while we’d hate to see you go, we will never charge you for leaving. We’re always making improvements, so we encourage you to keep your account open to see what we do next. However, if you’d still like to close your account, we’ll do everything we can to make the process hassle-free.

Why do other banks charge fees on accounts and credit cards?

Traditional banks with branches have to charge fees to cover overhead costs and services their locations provide. Varo is all digital, so we don’t have to pay those costs and we pass those savings to you.

What are the fees for using an out-of-network ATM?

We charge a $2.50 ATM Withdrawal Fee for out of network (non-Allpoint®) ATM withdrawals. If you use a non-Allpoint network ATM, including for checking your balance, you may be charged an additional fee by the ATM operator. To avoid ATM fees altogether, use an Allpoint ATM at stores like Target, Walgreens, and CVS.

Start qualifying for Varo Believe.

Get a Varo Bank Account today!

Applying won’t impact your credit score.