Varo Bank: Online Banking

Varo Bank: Online Banking is a real bank built for the digital age, offering free online banking with tools to help you save, borrow, and build credit—all in one app.

Start banking with no minimums or hidden fees. You get a free debit card, free cash deposits at CVS and withdrawals at over 40,000 Allpoint ATMs, and automatic cashback with no activation required. Check your credit score anytime at no charge, deposit checks through your phone, and access a digital wallet (select customers). Early payday gives you access to your paycheck up to two days sooner, and you can send money instantly to anyone using just their phone number or email—they don't even need a Varo account.

When you need quick cash, instant cash advances let you borrow up to $250 today by linking a qualifying account, then work up to $500 over time with direct deposit. You'll have 30 days to repay with a single flat fee—no hidden charges. If you need more flexibility, apply for a personal line of credit ranging from $600 to $2,000 with no interest, late fees, or penalties. Funding happens instantly once you qualify, and you choose your repayment period from 3 to 12 months.

Building or rebuilding credit is straightforward with the free secured credit card. There's no credit check, no interest, no annual fees, and no minimum security deposit required. You simply spend what you have, and the card gets reported to all three major credit bureaus. On average, customers with existing credit scores saw increases of 40+ points after three months of on-time payments, and 90% of users with no prior credit score developed one within their first month.

High-yield savings accounts offer up to 5.00% annual percentage yield on your first $5,000 (subject to qualification), then 2.50% APY on additional balances. Auto-saving tools help you reach your goals without the effort. You can open an account and sign up in under two minutes with no impact on your credit score.

As a member FDIC bank, your deposits are backed by the full faith and credit of the U.S. Government. Download Varo Bank: Online Banking today to start banking smarter.