Qualify to earn 5.00% Annual Percentage Yield (APY) on up to $5,000, and 2.50% APY on any amount above that.¹
How to get your tax refund early.
1. Open a Varo AccountSigning up takes less than 2 minutes.
2. Enter your bank account detailsUse your Varo account details when you file.
3. Get your refund earlyReceive your tax money in your Varo Bank Account up to 5 days early.
Start banking better today.
GET PAID FASTER WITH VARO BANK
Signing up takes less than 2 minutes.
FAQs
What do I need to open an account?
How do I set up direct deposit?
How do I make deposits or withdrawals?
What fees should I expect from this online bank account?
Can external accounts be linked to my Varo Bank Account?
Answer
To open a bank account with Varo you must:
Have access to a device that can run our app and an active email account. Check out our system requirements for more information.
Be able to verify identity—see accepted verification methods.
Be a U.S. Citizen or Permanent Resident (residing at a physical address) within the fifty (50) United States or the District of Columbia.
Be 18+ years old.
Note: Only one bank account per customer. Accounts must be individually owned. Joint accounts, secondary debit cards, and business accounts aren't currently supported.
It may take up to 3 business days to receive a final decision once your account application is submitted. After your Varo Bank Account is approved, check how you can qualify and apply for our Varo Advance and Varo Believe products.
High-Yield Savings Account
Save with Varo, earn up to $250.*
Our highest APY
12x the national average says a lot.
Our highest savings rate knocks pretty much everyone else out of the park.²
“A high-yield savings account with a standout APY.”⁵ –Fortune
High-yield APY
How much do you earn?
Once qualified, you can earn 5.00% APY on up to $5,000.¹ That’s $250 a year. And any additional amount will earn 2.50%. Just for saving with Varo.
How to qualify for 5.00% APY.
Step 1
Open a Varo Bank Account and Savings Account.
Step 2
Receive direct deposits³ of at least $1000 (by the end of each month).
Step 3
Make sure your accounts aren't negative at the end of the month.
Step 4
Watch the cash in your savings account grow!⁴
Save more. Like, a lot more.
Sign up for a Varo Savings Account in less than two minutes. No hard credit check required.
Start banking better today.
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