Your hard-earned money is your money. We want to help you keep it that way. That’s why we offer a completely free bank account, with free cash deposits, 40,000 fee-free US ATMs², and more.
Banking with no hidden fees¹
No hidden fees means no hidden fees.
Fees apply to loans and out-of-network withdrawals & cash deposits.*
Our fee-losophy: keep your money.
You earned it, so you keep it. Other banks and money apps charge all sorts of fees to use your money. That’s exactly why we created a bank account with no unexpected fees involved. You can see a list of our fees here.
No monthly fees
Bank Smarter with a Free Bank Account
Get a bank with no bank account fees or hidden fees¹. You won’t be charged to deposit checks, use your debit card or to simply keep your money at a bank.
No overdraft fees³
See you never, overdraft fees.
Our bank account has built-in guardrails that only let you spend what you have. And if you do go over, no penalties.³
Monthly fees add up.⁴
$0
Varo
$0
Chase Total Checking
$0
Bank of America Advantage Plus Banking
$0
Wells Fargo Everyday Checking
A Simple and Smart Choice.
Sign up for a free Varo Bank Account* in less than two minutes. It’s free, easy, and there’s no credit check required.
FAQs
If no fees–how does Varo stay in business?
Does Varo offer a checking account?
How much does a checking account typically cost and why?
Why do traditional banks and banking apps charge fees?
Is this a free basic bank account?
Answer
Varo makes money when you spend money. Each time you use your account or debit card to pay for daily expenses, Varo receives a small percentage of the payment fees paid for by the merchant or retailer.