No minimum balance, maintenance, overdraft,¹ or account fees
Over 40,000+ free in-network ATMs²
Free cash deposits at CVS® nationwide³
FDIC-insured up to $250,000
Online banking
KEEP MORE OF YOUR MONEY WITH A FREE BANK ACCOUNT.
°Fees apply to out-of-network withdrawals & cash deposits.
4.9
231k App Store Reviews
4.7
239k Google Play Reviews
Online bank features
Everything you need from mobile banking.
Fee-free cash deposits
Deposit cash for free at CVS®
No bank branch? No problem. Now, you can easily deposit your cash fee-free at over 7,000 CVS locations nationwide.³
Smart online banking
Budget even better with a smarter bank account.
Track your cash flow daily and see it broken down into different categories within the last two months—all in one no-fee banking place.
No fees, no minimums
Leave the hidden fees behind.
No monthly fees
No overdraft fees¹
No minimum balance fees
No in-network ATM fees²
Free cash deposits at CVS³
See complete list of fees for optional services here.
Early direct deposit
Get paid up to 2 days early.
Set up direct deposit and you can get your paycheck early⁴ at no additional cost with a free online bank account.
No fee ATMs
Access over 40,000 fee-free ATMs nationwide.
The U.S. Allpoint® ATM network has more than twice the free ATMs offered by individual big banks.⁷
Secure mobile banking app
Keep your money safe with Varo.
We’re a nationally chartered online bank, so your money is FDIC-insured up to $250,000 directly with us.
Sign up and start online banking.
Download the app.
Apply for free.
Set up your Varo Debit Card.
Do more with your money.
In the press
“Varo’s 'secret weapon' is its charter allowing it to offer fee-free banking and lending products.”
“Varo made banking history in 2020 when it became America’s first consumer fintech company to get a national bank charter.”
“We’re a direct member of the FDIC, we’re regulated by the OCC, and we’ve made very prudent decisions to build a very effective risk management program that protects our customers.” - Colin Walsh
"Neobanks are a dime-a-dozen these days... Not Varo. The digital-only bank is the first consumer fintech to be granted a full-service bank charter."
MOMENTS OF PROGRESS ⁸
“Varo has changed the way I think about money.”
Derrome E.
“It's the first time a bank has had my back. It's been a game changer.”
Tracey W.
“I feel more confident, because I have more control of my money."
Bryan A.
“The Advance really helps out when things get tight because sometimes the ends don't always meet.”
Demeiia R.
“The Believe card has really improved my credit.“
Malcolm T.
“My finances have improved a lot. I’m not spending money I don’t have.”
Daniela C.
GET A FREE ONLINE BANK ACCOUNT TODAY.
Sign up in less than two minutes.
Bank Account FAQs
Is Varo a real bank?
How does online banking work without branches?
Is it really a free bank account?
How do I apply for an online bank account?
What do I need to open an account?
Answer
YES. Varo is a fully-chartered national bank, not just a money app. While many digital banking platforms partner with third-party banks to hold your deposits, Varo was the first fintech to be granted a national bank charter by the OCC. This means when you engage in online banking with us, you get innovative mobile features backed by the security of a bank where your money is FDIC-insured up to $250,000, directly with Varo.