PRIVACY, SECURITY, & LEGAL
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.
This notice describes the reasons Varo Bank shares personal information about its customers, applicants, and former customers and describes whether and how this sharing can be limited.
This notice describes the information we collect about California residents, how we use it, how we disclose it, and their privacy rights. This notice does not apply to information subject to the Gramm-Leach-Bliley Act.
This policy describes the information we collect through our app or website, how we collect it, how we disclose it, and how we use it.
Varo Bank Legal Agreements
Varo Bank CRA
Community Reinvestment Act
In accordance with the Community Reinvestment Act (“CRA”), 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 current Strategic Plan, please email us at [email protected]
Varo Bank fee disclosure chart
Out of network (non-allpoint) ATM withdrawal fee1
$3.00 (per transaction)
Cash deposits via third party money transfer services2
The deposit location may charge up to $4.95 for this service
Over the counter cash withdrawal fee
$2.50 (per transaction)
Fees are charged per advance.3
1 If you use a non-Allpoint network ATM, including a balance inquiry, you may be charged an additional fee by the ATM operator even if you don’t complete a withdrawal: such an additional fee is a third-party fee assessed by the individual ATM operator only and isn’t assessed by us. The ATM fee will be charged to your Varo Bank Account.
2 Third party money transfer services used to add cash to your Bank Account may impose their own fees, and limits (per transaction, daily, weekly or monthly) on the frequency or amount of cash you may deposit to the Bank Account.
3 For Military personnel and their families that qualify as “covered borrowers” under 32 C.F.R. § 232.3(g) at the time of opening their Account, Varo will waive all fees charged per Advance. For more information about how we calculate fees, see here.
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
Deposit balance to obtain APY
Accounts with a balance of $5,000.00 or less
Accounts with a balance over $5,000.00
There is no minimum deposit required to earn the stated APY. We pay interest only in wholecents. At the end of each interest payment period, usually monthly, fractional interest equal to half of one cent or more will be rounded up and amounts less than half of one cent will be rounded down.
Varo Bank's Annual Financial Report
(Part 363 FDIC Filing)
To obtain a copy of Varo's 2022 Annual Financial Report, filed per Part 363 of the FDIC Act, please email us with your request at [email protected]
THINK LESS. SAVE MORE.
Signing up takes less than two minutes. And there’s no impact to your credit score.