Varo Bank: facts and offers
Updated September 29, 2026 · BorrowCue Editorial Team
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Key facts
- APR
- 0% (Source, checked September 26, 2026)
- Loan amount
- $600 to $2,000 (Source, checked September 26, 2026)
- Term
- 3 to 12 months (Source, checked September 26, 2026)
- Arrangement fee
- Flat one-time fee $60-$400 (Varo Line of Credit) (Source, checked September 26, 2026)
- Credit check
- Soft prequal (Source, checked September 26, 2026)
- Funding time
- Instant, deposited same day once approved (Source, checked September 26, 2026)
- Representative example
- Varo Line of Credit: $1,000 loan, 6 months to repay, $152 one-time fee, $192 monthly payment (Source, checked September 26, 2026)
- Rate type
- Fixed (Source, checked September 26, 2026)
- Lender type
- Direct lender (Source, checked September 26, 2026)
- Free early repayment
- Yes (Source, checked September 26, 2026)
- Eligibility
- US residents with an active Varo Bank Account; eligibility based on Varo account activity (direct deposits, balances, on-time payments) and credit score (Source, checked September 26, 2026)
- Loan types
- Personal, Credit-line, Cash-advance (Source, checked September 26, 2026)
- Legal entity
- Varo Bank, National Association (Source, checked September 26, 2026)
- Headquarters
- United States (Source, checked September 26, 2026)
- Founded
- 2015 (Source, checked September 26, 2026)
- Support channels
- Email, Chat, Phone, Help-centre (Source, checked September 26, 2026)
- Pricing model
- Fixed rate
- Features
- Same-day funding, Credit line
- Official website
- varomoney.com
How Varo Bank compares
9.2 vs 8.9- 9.2 vs 8.7
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9.2 vs 9.2
9.2 vs 9.1
9.2 vs 9.1
9.2 vs 9.1- 9.2 vs 9.1
9.2 vs 9.1
9.2 vs 9.0
9.2 vs 9.0
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9.2 vs 8.9
9.2 vs 8.9
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9.2 vs 8.9
9.2 vs 8.9
9.2 vs 8.9TengeDa
9.2 vs 8.9
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Where Varo Bank is available
- Available
- United States
- Licence in United States
- Office of the Comptroller of the Currency (OCC), checked September 26, 2026
- Licence in United States
- Federal Deposit Insurance Corporation (FDIC) (59190), checked September 26, 2026
- Licence in United States
- FDIC (FDIC cert 59190), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
Which company operates Varo Bank?+
Varo Bank is operated by Varo Bank, National Association. (Source, checked September 26, 2026)
Where is Varo Bank based?+
Varo Bank is based in United States. (Source, checked September 26, 2026)
When was Varo Bank founded?+
Varo Bank was founded in 2015. (Source, checked September 26, 2026)
How can I contact Varo Bank support?+
Varo Bank offers support through Email, Chat, Phone, Help-centre. (Source, checked September 26, 2026)
Sources
- banks.data.fdic.gov/bankfind-suite/bankfind/details/59190 checked September 26, 2026
Backs: Headquarters, Legal entity, Licences
“CERT=59190; NAME=Varo Bank, National Association; WEBADDR=www.varomoney.com; ACTIVE=1”
- support.varomoney.com/hc/en-us/articles/360000334946-How-... checked September 26, 2026
Backs: Support channels
“Contact us in the app by tapping Tap My Varo > Help and Support ... Chat ... Phone: Call 1-877-377-8276 ... Email: Visit varomoney.com/support”
- varomoney.com checked September 26, 2026
Backs: Loan types
“Quick cash advance: get up to $250 right away ... Personal line of credit: Borrow up to $2,000. Loans range from $600-$2,000, with an average loan of $825”
- varomoney.com/about-us checked September 26, 2026
Backs: Founded
“We were founded in 2015 in San Francisco, California by Colin Walsh.”
- varomoney.com/bank-account checked September 26, 2026
Backs: Lender type
“Varo is a fully-chartered national bank, not just a money app.”
- varomoney.com/line-of-credit checked September 26, 2026
Backs: Eligibility, Features, Free early repayment, Funding time, Loan amount, Pricing model, Arrangement fee, Rate type, Representative example, Term, APR, Credit check
“Open a Varo Bank Account to get started. Qualifications required, including bank account deposits ... we look at your Varo account activity (direct deposits, account balances, and on-time payments)...”
Compiled from 6 source pages, checked September 29, 2026. We did not open an account.
