APK
Google Play 
App StoreEditor's Review
Varo is a modern, FDIC-insured bank designed to help you manage your money without the burden of hidden fees and complex requirements. 🏦 It offers a range of features focused on saving, credit building, and fast access to your funds. Whether you're looking to avoid monthly fees, grow your savings with a high-yield account, or build your credit, Varo aims to provide accessible and user-friendly financial solutions. 🚀
One of the standout benefits of Varo is its commitment to transparency. 💡 Unlike traditional banks, Varo doesn't charge monthly fees, minimum balance fees, or overdraft fees, making it easier to keep more of your money. 💰 With access to over 40,000 fee-free Allpoint® ATMs, you can easily withdraw cash when needed without incurring extra charges. 🏧
Varo also helps you grow your savings with a high-yield savings account that offers up to 5% APY. 📈 To qualify for the highest rate, you need to receive qualifying direct deposits of at least $1,000 and maintain a positive balance in your bank and savings accounts. This encourages consistent saving habits and rewards you for keeping your money with Varo. 🌟
For those looking to build credit, Varo offers the Varo Believe credit-building card. ✨ This secured card doesn't require a security deposit once you qualify and has no APR or annual fee, making it an accessible tool for building or improving your credit score. Consistent on-time payments can help increase your credit score over time. 💳
Varo provides faster access to your money by offering early access to direct deposits, allowing you to get paid up to 2 days early. ⚡️ Additionally, you can instantly send and receive money with Varo to Anyone, making it convenient to manage your finances and share funds with friends and family. 💸
In summary, Varo is a comprehensive banking solution that combines the convenience of a mobile app with the security of an FDIC-insured bank. With its focus on transparency, fee-free services, and credit-building tools, Varo is an excellent choice for anyone looking to take control of their financial future. 🎯
Features
FDIC-insured bank accounts up to $250k
No monthly fees or minimum balance requirements
Access to over 40,000 fee-free ATMs
High-yield savings account with up to 5% APY
Early access to direct deposits
Varo Believe credit-building card
Instant money transfers with Varo to Anyone
Auto-saving tools to help grow savings
Pros
No monthly, minimum balance, or overdraft fees
Access to 40,000+ fee-free Allpoint® ATMs
High-yield savings account with up to 5% APY
Get paid up to 2 days early with direct deposit
Varo Believe credit-building card with no security deposit
Cons
Out-of-network ATM withdrawals incur a $3.50 fee
Qualifying for 5% APY requires specific conditions
