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Banking for the way you live.


Varo’s mission is to redefine banking so it’s easy for everyone to make smart choices with their money.

Banking for all

Every person, regardless of net worth, should be treated fairly by a bank that wants them to succeed.

We mean every person. Varo has no tolerance for discrimination—not based on race, sex, sexual orientation, gender, age, disability, or any other basis of discrimination. Everyone is welcome at Varo today, and everyone will be welcome tomorrow.

We believe…

…banks should be a force for good. And they should help people live better lives.

We believe everyone deserves to be treated with respect. And that net worth does not equal self-worth.

We believe your bank should be in your corner. And should never make money by taking advantage of you.

We believe your bank should help you make progress. And be totally transparent.

We actually help.

How Varo makes money

We only charge one fee to make money, and that’s when you use an out-of-network ATM. So how do we keep the lights on?

Every time you use your Varo Visa® Debit Card, the merchant pays us a small percentage of the transaction. We also make money from our partners when you take advantage of their offers. To get to where we are now, we’ve raised funds from investors who believe in our mission to help everyone improve their financial life.

Varo by the numbers

From our founding in 2015, Varo has been singularly focused on using the latest technology to help everyday Americans make progress in their financial lives. As the first US consumer fintech to receive a national bank charter, we’re reinventing the banking business model to be centered on the success of our customers and our communities.

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Products and Services

Why Us

Our customers love us

Over 30,000 5-star reviews on the Apple App and Google Play stores.

Live customer service

Live Customer Service based in Utah is available seven days a week, except federal holidays.

Keeping your money safe

Deposits are FDIC insured to at least $250,000 through The Bancorp Bank; Member FDIC. We’ll never sell your data, and we’ll always keep it safe.


Varo savings account


Earn up to 2.8% APR

Varo savings account
Earn interest you’ll really notice. Get a Varo Bank Account, then set up your high-yield Varo Savings Account. Earn between 0.81% and 2.8% APR with qualifying activities.

Contact Request

Contact us today or visit our website to open your Varo online banking account.

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