Varo Money

Mobile banking and account management with no monthly fees or hidden charges.

Comprehensive Digital Banking at Your Fingertips

Varo Money offers a robust mobile banking solution designed for users seeking a fully digital banking experience. Developed by Varo Bank, this app caters exclusively to customers of this online-only bank, offering convenient, secure, and user-friendly account management directly from any Android device.

Account Access and Management

The app provides a central dashboard where users can monitor checking and savings accounts, view real-time balances, track spending, and review transaction history. Customizable notifications alert users to deposits, withdrawals, and low balances, putting account oversight directly in the palm of your hand.

Money Transfers and Payments

Varo Money supports instant Varo-to-Varo transfers, making sending or receiving money between account holders quick and free of charge. The app also allows users to pay bills, set up direct deposits, and transfer funds between their own Varo accounts, helping streamline personal finance activities.

No Hidden Fees

A standout feature is Varo Money's commitment to transparent banking. There are no account maintenance or minimum balance fees, and access to a network of 55,000+ Allpoint ATMs ensures easy, fee-free cash withdrawals nationwide. However, cash deposits must be made via third-party locations, which may incur extra costs.

Security and Privacy

User security is a top priority, with 256-bit AES encryption protecting all transactions and personal data. Additional safeguards, such as biometric login and multi-factor authentication, further protect sensitive information and prevent unauthorized access.

Emergency Features and Savings Tools

Eligible users can take advantage of Varo Advance, a feature that offers short-term cash advances up to $100 for emergencies. Automatic savings tools, including round-up programs and scheduled transfers, help users build savings effortlessly.

Limitations and Considerations

While the app excels in mobile functionality, it lacks a desktop or browser-based platform, so all account management is limited to mobile devices. Cash deposits require visiting partner retailers and may be subject to fees. Additionally, Varo Money is available only to users with existing Varo Bank accounts; new customers are directed to download the updated Varo Bank app for onboarding.