Join Varo. Earn $50.¹

Member FDIC.

The Varo Bank 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.

1 See full terms at: https://www.varomoney.com/policy/referral-program

2 Early access to direct deposit funds depends on the timing of the 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.

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

4 The Varo Believe Program includes a secured credit card designed to help you build your credit. The card reserves the money deposited into your Varo Secured Account as security to pay your credit card balance on time and in full every month. Varo then reports your payment history to the three major credit bureaus and customers can view and monitor their credit score directly in the Varo Bank app. Your credit limit (spending limit) cannot exceed your Vault Secured Account balance, up to $2,500 for purchases and $1,000 for cash advances per day, totaling no more than $10,000 total per billing cycle. A variety of factors impact your credit including payment history, utilization, derogatory marks, account age, total number of accounts, and inquiries–not all factors are equally weighted. Building your credit may take time and is a process, but the Varo Believe Program may be able to help.

5 Varo Advance is a small dollar line of credit. An “advance” is a loan deposited to your Varo Bank Account which must be repaid. Qualifications apply. To qualify for a Varo Advance your Varo Bank Account must be at least 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 31 days. Your Varo Bank Account and/or 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 Advances, payments must be made timely. Here’s more information on qualifying direct deposits and fees.

6 Individual offers may vary. 15% cashback available on specific items or services purchased in app. The maximum Cashback that can be earned is fifty dollars ($50 USD) per calendar month. Check the Varo Perks tab for more info and current deals.

7 As of March 1, 2022, as found on fdic.gov/regulations/resources/rates.