Varo Bank U.S Consumer Privacy Notice

Rev. 05/2020









Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.


The types of personal information we collect and share depends on the product or service you have with us. This information can include:


        Social Security Number and income

        account balances and transaction history

        credit history and payment history


All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Varo Bank chooses to share; and whether you can limit this sharing.


Reasons we can share your personal information

Does Varo Bank share?

Can you limit this sharing?

For our everyday business purposes—

such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus



For our marketing purposes—

to offer our products and services to you



For joint marketing with other financial companies



For our affiliates’ everyday business purposes—

information about your transactions and experiences



For our affiliates to market to you


We don’t share

For our affiliates’ everyday business purposes—

information about your creditworthiness


We don’t share

For nonaffiliates to market to you


We don’t share


To limit our sharing or for questions

Call 1-877-377-8276

Email [email protected]


Who we are


Who is providing this notice?


This notice is provided by Varo Bank

What we do


How does Varo Bank protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

We also limit access to information to those employees for whom access is necessary.

Varo Bank will never sell your personal information.

How does Varo Bank

collect my personal information?

We collect your personal information, for example, when you

       open an account or provide account information

       pay your bills or make deposits or withdrawals from your account

       use your debit card or apply for a loan


We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.

Why can’t I limit all sharing?

Federal law gives you the right to limit only

    sharing for affiliates’ everyday business purposes—information about your creditworthiness

    affiliates from using your information to market to you

    sharing for nonaffiliates to market to you

State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.



Companies related by common ownership or control. They can be financial and nonfinancial companies.

      Our only affiliate is Varo Money Inc


Companies not related by common ownership or control. They can be financial and nonfinancial companies.

      Varo Bank does not share personal information with non-affiliate companies

Joint marketing

A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

      Varo Bank does not share personal information for joint marketing


Other Important Information

California Residents

Effective January 1, 2020, the California Consumer Privacy Act (CCPA) permits consumers who are California residents to (a) ask a covered business which categories and pieces of personal information it collects and how the information is used; (b) request deletion of the information; and (c) opt out of the sale of such information, if applicable. These provisions of the CCPA do not apply to personal information collected, processed, shared, or disclosed by financial institutions pursuant to federal law.

To contact us with a CCPA data request or for questions about our compliance with the CCPA, call 1-877-377-8276 or email [email protected]

Nevada Residents

Nevada law requires that we provide you with the following contact information: Bureau of Consumer Protection, Office of the Nevada Attorney General, 555 E. Washington Ave., Suite 3900, Las Vegas, NV 89101; Phone number: 702-486-3132; email: [email protected]

Vermont Residents


In accordance with Vermont law, we will not share personal information about you, other than transaction experience information, with affiliates, nor will we share any personal financial information about you for marketing purposes.