PRIVACY, SECURITY, & LEGAL
Varo Bank, N.A. Privacy Policy and Notices
The documents below describe the personal information we collect, what we do with it, how we use it, who we disclose it to, and certain information privacy rights you may have.
Online Services Privacy Policy
Varo Bank, N.A. Legal Agreements
Varo Bank General Terms Agreement
Varo Bank Electronic Communications Agreement
Varo Savings Account Agreement
Varo Advance Account Agreement
Varo Believe Program Agreement
Varo Cashback Program Addendum
Terms and Conditions of the Zelle® and Other Payment Services
Varo Mobile Payment Services Terms Agreement
Community Reinvestment Act (Varo Bank CRA)
In accordance with the Community Reinvestment Act (“CRA”), Regulation BB (Community Reinvestment Act rule’s: §228.43, Federal Reserve, §25.43, OCC, §345.43, FDIC), Varo Bank is required to maintain and make available for public inspection a complete CRA Public File. To view our CRA Public File including our most recent Performance Exam and current Strategic Plan, click here.
Varo Bank has also proposed a new Strategic Plan for purposes of evaluation by the Office of the Comptroller of the Currency under the Community Reinvestment Act of 1977 (12 U.S.C. §2901) and its related regulations (12 C.F.R. § 25.27). It is for the term of August 1, 2025 to July 31, 2030. To view the proposed Strategic Plan, click here.
We published the proposed Strategic Plan on March 30, 2025 for a 30-day public comment period. You are invited to submit comments in writing on the Strategic Plan until April 30, 2025. Please submit all comments to [email protected].
Varo Bank fee disclosure chart
Service | Fee |
|---|---|
Withdraw cash at 40k+ U.S. and Puerto-Rico-based AllpointⓇ ATMs | Free |
Withdraw cash at out of network or International ATMs | $3.50 per transaction |
Deposit cash for free at over 7,500 stand-alone CVS locations (through Green Dot Network®) with a cashier in the US except those located within hospitals, on military bases, or in Target. | Free |
Deposit cash at 90k+ retail locations using Green Dot NetworkⓇ locations nationwide, including Walmart, CVS, Rite Aid, Walgreens, 7-11, Dollar General, Family Dollar, Albertsons, Safeway, Kmart and Kroger. | There is no fee assessed by Varo Bank for cash deposits. However, participating retailers may charge a service fee of up to $4.95 per transaction. |
Over-the-Counter “OTC” cash withdrawal fee | $2.50 per transaction |
Free Savings Account - No Fees
Varo Advance fees are a single fee that is added to the Advance at the time of request. Customers see and agree to this fee within the app.
Advance Amount | Fee Amount | Advance Amount | Fee Amount |
|---|---|---|---|
$20 | $1.60 | $200 | $16.00 |
$50 | $4.00 | $250 | $20.00 |
$75 | $6.00 | $300 | $24.00 |
$100 | $8.00 | $400 | $32.00 |
$150 | $12.00 | $500 | $40.00 |
Service | Fee |
|---|---|
Withdraw cash at 40k+ U.S. and Puerto-Rico-based AllpointⓇ ATMs | Free |
Withdraw cash at out of network or International ATMs | $3.50 per transaction |
Late payment fee | $0 |
Line of Credit Amount | Fee Amount | Military Lending Act Fees |
|---|---|---|
$600 | $60 | $36 |
$800 | $100 | $60 |
$1000 | $152 | $104 |
$1250 | $226 | $190 |
$1500 | $300 | $300 |
$2000 | $500 | $400 |
Varo Bank Account Rate Information
The Bank Account is not an interest-bearing account. No interest will be paid.
Varo Savings Account Rate Tiers & Conditions
THINK LESS. SAVE MORE.
Signing up takes less than two minutes. And there’s no impact to your credit score.