Varo Bank, an online-only bank recognized for its customer-oriented services and almost non-existent fees, is offering $30 for opening a new account with our referral link and spending $20 with your new debit card within 30 days of account opening. Once you have an active account, you can also refer friends and earn both parties a $30 bonus.
- Update 1/17/2024: To earn the sign up bonus, new account holders must fund your account by at least $20 using external sources, such as instant transfers from another debit card, cash deposits, or ACH transfers. If you want a higher bonus, consider this one from that will land you up to $400 for opening a new checking account.
Varo is a fee-free mobile bank where you manage a Checking and Savings account through their app. Varo Bank provides a digital, user-friendly banking option with an attractive APY for savings accounts and additional features like Varo Advance and Varo Believe. It has established itself as a solid choice for online banking, especially for users who want to manage basic financial transactions while on the move, although it does have a few limitations such as the absence of wire transfers and 24/7 customer service.
READ MORE: GET TOP BONUSES FROM CHASE, AXOS, BANK OF AMERICA AND BMO.
Compare their rates with the nation’s top Savings rates here, top Checking rates here, and the top CD rates here.
Varo $30 Checking Bonus
- What you’ll get: $30 sign-up bonus
- Where it’s available: Nationwide
- How to earn it:
- Sign up for a new Varo account using our referral link
- Fund your account by at least $20 using external sources.
- Spend $20 with your new debit card.
- When it expires: None listed.
Varo $30 Per Referal
- What you’ll get: $30 for each referral
- Where it’s available: Nationwide
- How to earn it:
- Once you have an active account (use our refer our referral link to sign up if you don’t) you can earn $30 per referral
- Your friend will need to sign up, fund their account by at least $20, and spend $20 with their new debit card.
- You both with get $30 each.
- When it expires: None listed.
Varo Bank Key Features
- Checking Account:
- No monthly maintenance fees or required minimum balance.
- Early access to direct deposits, which could be up to two days earlier than the scheduled payment date.
- Access to over 40,000+ Allpoint ATMs, with a $3 fee for out-of-network withdrawals.
- Savings Account:
- No minimum deposit, and users are eligible for interest with as little as a penny in their account.
- Offers a 3.00% APY, with up to 5.00% APY possible if specific monthly requirements are met.
- Offers auto-savings tools like “Save Your Pay” and “Save Your Change”.
- Varo Advance:
- Offers instant access to up to $250, which needs to be repaid within 30 days, with no interest and a fee ranging from $0 to $15.
- Varo Believe:
- A credit-building program via a secured credit card with no annual fee or APR.
Brief Overview
- In 2020, Varo became the first U.S. consumer fintech company to be granted a national bank charter.
- It provides multiple ways of access, such as through its extensive ATM network, as well as via its user-friendly mobile app.
- It provides FDIC insurance, safeguarding users’ money up to permitted limits.
- Varo charges some fees, like up to $5.95 for cash deposits via third-party money transfer services and $3 for out-of-network ATM transactions, but it does not charge for foreign transactions or monthly maintenance.
Bottom Line
Varo Bank provides a digital banking platform with a focus on minimal fees and user-friendly mobile access. Offering checking and savings accounts, Varo presents features like high-yield savings, cash back, and the Varo Advance program, even while operating exclusively online. It promotes early access to direct deposits, ease of cash access via a wide ATM network, and various tools to aid savings and credit-building. However, customers might note some limitations like the lack of 24/7 customer support and wire transfer services.
Compare this offer with the best bank promotions here.
READ MORE: SEE THE BEST BANK BONUSES HERE AND THE BEST INVESTING BONUSES HERE.
If you need a refferal code, you can use this link! http://refer.varomoney.com/Nqbc3
I have varo referrals, email me at judytsaibuy@gmail.com
If u want to sign up, my referral link is http://refer.varomoney.com/Ngwfs
Direct deposit $200 and get $75
wendysmiles2004@yahoo.com
I will refer u.. I respond fast oraclecorel7@gmail.com
I have referrals at natebrinton@gmail.com
I have 3 referrals left
same, email me if you want to be friends. Only one link will be used: epminter@gmail.com
If you need a referral, please send email to mas2tad@yahoo.com.
A tip – you’ll need to deposit more than $250 to get the $100 (despite terms saying $200), and a transfer from Discover Savings works to trigger the bonus.
Thank you
I have one Varo referral left. If you’d like it, just send me an e-mail at oceanside.josh.mel@gmail.com and you’ll receive the referral link immediately. The account must be opened by December 31 and Varo has said the bonus won’t be extended beyond the end of the year.
I have a referral link (and SoFi link too) if you are interested e mail me
thanks
jacksumetta@yahoo.com
I have referrals available hmu te111222@yahoo.com. Thanks
I have open $100 referral slots to Varo if anyone is interested. Please send me an email at o1generallee4130@gmail.com and I will be happy to send you over the link. Thanks!
I received my bonus as soon as my direct deposit went thru. If an friends need a referral code just email me at airlinemiles22 gmale
I received my bonus as soon as my direct deposit went thru. If anyone needs a referral code just email me at workwithmauriceh@gmail.com. subject line VB. As a special thank you. I will send you free info. on how to make $100 a day online.
Bonus received soon after making an ACH transfer from Discover Bank. If anyone needs a referral just feel free to email me at honghugaoju@gmail.com. Thanks!
I just got the Varo bonus $100 for $200 DD. If any of my close family friends need a referral pm me and I can help you out. airlinemiles22 g-m-a-i-l
How many days do it take to get the referral fee after the 200 post