Welcome, Progressive customers!

Get $50 when you bank with Varo.*

No Fee Overdraft up to $50 once you qualify. High-yield savings. No monthly fees. Early payday.^

30,000+ 5-Star App Reviews

Get more from your money with Varo

  • No hidden fees.
  • Get paid up to two days early with direct deposit.
  • Save more with a high-yield Varo Savings Account.

Stop paying hidden fees

  • No overdraft fees. (See requirements)
  • No ATM fees at 55,000+ Allpoint® ATMs in stores like Target, CVS, and Walgreens.
  • No monthly maintenance fees.
  • No foreign transaction fees.
  • No minimum balance fees.

Forget overdraft fees

How to qualify for No Fee Overdraft:

  • Make at least five qualifying Varo Visa® Debit Card purchases in each calendar month; AND
  • Receive payroll or government direct deposits totaling at least $1,000 into your Varo Bank Account or Savings Account in the same calendar month.

Once you qualify, you can overdraw your Varo Bank Account up to $50 on any transaction using your Varo Visa Debit Card.

Start getting paid early

Set up direct deposit to get your paycheck up to two days before your co-workers. When you get paid sooner, you can pay bills sooner.

Save money effortlessly

Open a Varo Savings Account and first earn 1.21% APY, then earn 2.80% APY once you qualify.

Stay safe and sound

Deposits are FDIC insured to at least $250,000 through The Bancorp Bank; Member FDIC.

Visa® Zero Liability guarantees you won’t be held responsible for unauthorized charges on your debit card.**

Instantly lock your card in the app and get automatic account alerts.

We’ll never sell your data, and we protect it with powerful encryption, access control, and secure processes.


All Rights Reserved by Varo © 2020

Varo Money, Inc. | NMLS #: 1547251 | Licenses | NMLS Consumer Access
Bank Account Services provided by The Bancorp Bank. Your deposits are FDIC insured to at least $250,000 through The Bancorp Bank; Member FDIC.

+Progressive Casualty Insurance Company and its affiliates (“Progressive”) are not affiliated with, and does not receive fees or services from, Bancorp; however, Progressive holds a non-controlling interest in Varo and may from time to time receive fees or services from Varo in connection with the referral of Progressive customers 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 your information. Information you provide to Varo is subject to its privacy policies and website terms of use.

*To receive a one-time $50.00 bonus (“Bonus”) from Varo, a new Varo Bank Account (“Account”) must be opened by October 1, 2020, 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 60 days of Account opening. The Bonus will be deposited into the Account within 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 email communication. As sole sponsor and administrator of this Bonus offer, Varo Money, Inc., 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.

^Early access to direct deposit funds depends on timing of payer’s submission of deposits. We generally post such deposits on the day they are received which may be up to 2 days earlier than the payer’s scheduled payment date.

‡Varo Annual Percentage Yield (APY) is accurate as of June 9, 2020. This rate is variable and may change. No minimum balance required to open account. Balance in Savings Account must be at least $0.01 to earn interest.

**You must notify your financial institution immediately of any unauthorized use.

Learn how we collect and use your information by viewing our Privacy Policies here.

Bank Account Services provided by The Bancorp Bank. The Varo Visa® Debit Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc and may be used everywhere Visa debit cards are accepted.

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.

See the Varo Bank Account and Varo Savings Account Agreement for terms and conditions.