Unlike traditional banks, Varo offers a variety of services to help its customers manage their finances. These include a free checking account, a credit builder program, a savings account, and a debit card. These services are available through Varo’s website or mobile app. In addition, Varo offers a secure credit card that helps customers build credit. The company also offers an automated savings program to help customers save money.
The Varo mobile app has a 4.7 star rating on the Google Play Store. It has features such as a savings calculator and a blog. The app also provides round-the-clock banking services. It also has an ATM network of over 55,000 locations worldwide. It also offers free overdraft protection, which can be a lifesaver when you find yourself in a pinch.
The Varo checking account boasts an early direct deposit feature. This is a great feature to have, since it allows you to get your paycheck as soon as it’s processed. You can access your direct deposit up to two days early, which means you can avoid a trip to the bank. Varo also offers free overdraft protection to help keep you from having to pay a fee.
Varo also offers an instant cash loan with Varo Advance. This allows you to get $100 in cash without any interest. However, you will have to wait 30 days to pay back the advance. This feature is available for customers with an account that’s been in good standing for at least 30 days. The Varo debit card is contactless, meaning you won’t be held liable for any unauthorized charges. The card is also compatible with Apple Pay and Google Pay mobile wallets.
Varo is also a member of the Allpoint ATM network, which includes over 55,000 ATMs located in major retailers. You can also use the Allpoint network to make surcharge-free cash withdrawals. In addition, you’ll receive free ACH bank transfers and OTC cash withdrawals.
Varo also has a mobile banking app that you can use to manage your account and access your financial information. The app has features such as a low out-of-network transaction fee and automatic savings. It also has a feature called Save Your Change, which rounds up your checking transactions to the nearest dollar. It also has a “Save Your Pay” feature, which helps move direct deposit payments to your savings.
Varo also offers a high-yield savings account, which has a low minimum balance requirement. The account also offers free overdraft protection and no monthly fees. It also comes with a debit card that can be used to make purchases at most major retailers.
Varo also has a mobile app, which allows customers to deposit checks at any of its tens of thousands of retail locations across the country. It also offers cash back on debit purchases at certain store registers. The app also has a feature that allows customers to receive their paychecks early. It’s a great alternative to traditional banking.