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Varo Bank, N.A. Privacy Policy and Notices

The documents below describe the personal information we collect, what we do with it, how we use it, who we disclose it to, and certain information privacy rights you may have.

U.S. Consumer Privacy Notice

This notice describes the reasons Varo Bank shares personal information about its customers, applicants, and former customers and describes whether and how this sharing can be limited.

U.S. Consumer Privacy Notice PDF

California Consumer Privacy Act Notice

This notice describes the information we collect about California residents, how we use it, how we disclose it, and their privacy rights. This notice does not apply to information subject to the Gramm-Leach-Bliley Act.

California Consumer Privacy Act Notice PDF

Varo Bank fee disclosure chart

Varo Bank Account



Out of network (non-allpoint) ATM withdrawal fee1

$3.50 per transaction (Cash withdrawal transactions at U.S. based Allpoint ATMs are fee free)

Cash deposits via third party money transfer services2

The deposit location may charge up to $5.95 for this service

Over the counter cash withdrawal fee

$2.50 (per transaction)

Varo Bank Fee Disclosure

Varo Savings Account
Varo Advance Account























Fees are charged per advance.3

Varo Bank Fee Disclosure PDF

Varo Believe Account



Out of network (non-Allpoint) and international ATM withdrawal fee1

$3.50 per transaction (Cash withdrawal transactions at Allpoint ATMs in the U.S. are fee free)

Late fee


Varo Bank Fee Disclosure PDF

1 If you use a non-Allpoint network ATM, including a balance inquiry, you may be charged an additional fee by the ATM operator even if you don’t complete a withdrawal: such an additional fee is a third-party fee assessed by the individual ATM operator only and isn’t assessed by us. The ATM fee will be charged to your Varo Bank Account.

2 Third party money transfer services used to add cash to your Bank Account may impose their own fees, and limits (per transaction, daily, weekly or monthly) on the frequency or amount of cash you may deposit to the Bank Account.

3 For Military personnel and their families that qualify as “covered borrowers” under 32 C.F.R. § 232.3(g) at the time of opening their Account, Varo will waive all fees charged per Advance. For more information about how we calculate fees, see here.

Varo Bank Account rate information

Bank Account Interest

The Bank Account is not an interest-bearing account. No interest will be paid.


Varo Savings Account Rate Tiers & Conditions

Standard Rate (if elevated conditions are not met)

Deposit balance to obtain APY


Interest Rate

Any Balance




Rate Tiers for Elevated Savings Program (if elevated conditions are met)



Interest Rate

Accounts with a balance of $5,000.00 or less



Accounts with a balance over $5,000.00



There is no minimum deposit required to earn the stated APY. We pay interest only in whole cents. At the end of each interest payment period, usually monthly, fractional interest equal to half of one cent or more will be rounded up and amounts less than half of one cent will be rounded down.


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