Linking your money apps and other bank accounts with your Varo account just got easier.
Based on your requests for Varo’s app (we listen to everything!), we have added two-way integration with Plaid, a service that allows customers to link outside bank accounts to and from each other. A few of the other companies that use Plaid include Venmo, Cash App from Square, and Digit.
With the integration, you can import your Varo data to/from other money apps, instantly verify and initiate fund transfers, and get a better overview of your monthly spending in the Varo app.
Our goal is always to make the experience of banking easier and faster — and improve your financial self with better information. Knowledge is power and when you can see what’s going on in all your accounts, you’re empowered to make better decisions.
“Customers are holding banks to a higher standard and are asking to have their own data available,” James Pelham Burn, product manager at Varo, said. “Varo believes in making its own customer information available. We have a strong principle of openness and this is just one more step in that direction.”
How linking accounts with Varo works
In the Varo app: At the bottom on your accounts page — and in your Dashboard — you can tap to link an outside account. You can search for your other financial providers; once you have selected one, it will ask you to use your login credentials to make the connection with Varo.
To be sure, Varo never sees or stores your login credentials to other companies; consider linking a process where you “unlock a door” so we can see what’s in your other money “room” but we never have the key. Your credentials to your other accounts are always your own private information.
In other apps:You can access your Varo Bank Account and Varo Savings Account from other banks and apps in a very similar way if Plaid is the partner providing linking access. You’ll need your Varo login credentials to connect your Varo account. If you know Plaid is the linking partner for your app and you don’t see Varo, your other app may be limiting choices. Be sure to request that they add Varo!
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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.
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