Get $50 when you bank with Varo²

¹ Banking offers and all services related thereto are provided by Varo Bank N.A. Member FDIC, and can be obtained at Varomoney.com. Visa® Debit Card is issued by Varo Bank, N.A. pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted.

Progressive Casualty Insurance Company and its affiliates (“Progressive”) hold a non-controlling interest in Varo and may, from time to time, receive fees or services from Varo, including receiving compensation for each Varo Bank Account or Varo Savings Account opened in connection with the above referral program of consumers to Varo. Progressive is not a chartered bank, does not open, maintain, or service bank accounts, and does not endorse and is not responsible for Varo’s products or services, the content or operation of Varo’s website, or how Varo handles or uses consumer information. Information you provide to Varo is subject to Varo’s privacy policies and website terms of use. Varo Bank Accounts and Varo Savings Accounts may not be available in all situations and not all applicants for such accounts will be approved.

² To receive a one-time $50.00 bonus (“Bonus”) from Varo, a new Varo Bank Account (“Account”) must be opened by December 31, 2021, and the new Varo Visa Debit Card must be used to make at least $25 in qualifying transactions (ATM and Over the Counter cash withdrawals do not qualify) within sixty (60) days of Account opening. The Bonus will be deposited into the Account within fourteen (14) calendar days of completion of the qualifying transactions. The Account must be open and in good standing when the Bonus is paid. The Bonus is only available by clicking the link contained in this communication. As sole sponsor and administrator of this Bonus offer, Varo reserves the right to cancel or modify its terms or terminate any consumer’s eligibility at any time and without prior notice. Bonus void where prohibited. Bonus is considered interest and will be reported on IRS FORM 1099-INT.

³ Early access to direct deposit funds depends on timing of payer’s submission of deposits. Varo generally posts such deposits on the day they are received by Varo which may be up to two (2) days earlier than the payer’s scheduled payment date.

⁴ All Varo Saving Accounts earn 0.50% Annual Percentage Yield (APY), which is accurate as of Octiber 1, 2021. APY is variable and is subject to change. No minimum balance required to open a Varo Savings Account. Balance in Varo Savings Account must be at least $0.01 to earn interest. To earn a higher APY, currently 3.00% APY, on the Varo Savings Account, the Account Holder must meet the following requirements:

• Account Holder must receive total qualifying direct deposits of $1,000 or more to a Varo Bank Account or Varo Savings Account in each Qualifying Period.
• Account Holder’s Varo Bank Account and Varo Savings Account balances, respectively must not drop below $0.00 on any calendar day of the month, and
• Account Holder’s daily balance in the Varo Savings Account at close of business on each calendar day of the month must not exceed $5,000.

The Qualifying Period is defined as the first day of the calendar month through the last business day of that calendar month. See the Varo Savings Account Agreement and Disclosures for further details.

⁵ To qualify for a Varo Advance your account must be at least thirty (30) days old with a balance of $0.00 or greater, with qualifying direct deposits in the Varo Bank Account and/or Varo Savings Account of at least $1,000 over the past thirty-one (31) days. Your Varo Bank Account and/or Varo Savings Account must not be overdrawn, and your Varo Bank Account cannot be suspended or closed. For $20 advances, your qualifications will be evaluated daily. For advances over $20, fees apply, and your payment history and qualifications will be reviewed monthly for any credit limit increases. To continue to qualify for Varo Advances, payments must be made timely. Here’s more information on qualifying direct deposits and fees.

⁶ There is no fee to withdraw money from any Allpoint® ATM. There is a $2.50 ATM cash withdrawal fee assessed by Varo for all non-Allpoint® ATM transactions (out of network transactions). The ATM operator may charge an additional fee.

⁷ You must notify Varo immediately of any unauthorized use. For specific restrictions, limitations, and other details, contact Varo.

All trademarks and brand names belong to their respective owners. Use of these trademarks and brand names do not represent endorsement by or association with this program.

For questions or help regarding Varo bank account services, including the $50 Bonus, contact Varo at 1-877-377-8276 or [email protected]