Varo Bank: Online Banking

I’ve been banking with Varo Bank without one issue for over five years. If you do not need to deposit cash much, which there’s still a way to do cash deposits, and don’t need paper checks then this bank is going to be great for you! Debit card or credit card, use one if you need a larger purchasing power. If you want good interest rate on your savings, 5% is hard to find. Overall, it’s a bank in your hand. ATMs are easy to find, pretty much any CVS or Walgreens, plus other locations are free. Customer service has always been top notch through the app. Banking made easy! I need to stress the one star reviews are most likely from people who never had a bank before, may never used Varo, wrongly used a bank including Varo for scam transactions, or reviewed Varo Bank with one star for an issue that is not Varo Bank’s fault. Varo Bank is FDIC insured at the normal $250,000 limit like every other bank. As a five year veteran user of Varo Bank, I’ve not had one issue with this bank. I’ve traveled, bought expensive purchases, deposited checks, etc…. Do not put your stupid one star reviews on this bank if you’re trying to scam things, used the app for five minutes, or complain about Varo not having FDIC, customer service, etc… it’s like any other bank except you don’t have in person branches. Lies on reviews are not needed and I read 40 most recent reviews on Varo and there are lots of one stars I absolutely know are customer faults or fraud by customers or things every bank also has. For anyone who actually wants a bank that’s Mobile and has excellent features and customer service then Varo Bank is going to be just fine for you. Take it from someone who joined Varo Bank in 2020 and only banks with Varo Bank.

Fast simple cool designs absolutely free & fast with safe credit building and so much other features. BUTTTTTTTT the recent updates have ruined the banking app, I might have to start using one of my other 12 free mobile banks I have…. Unfortunately it’s sad. The long load times now are crazy, I can’t log in, it keep saying “Our wires got crossed we’re working on getting this fixed” which is so annoying and I never had this issue or any other issue with this app until a couple months ago or the latest updates actually and it’s so annoying. If this isn’t fixed soon I’m done using this bank I have been loyal for years for this?!?!? On top of you gotta make $2,500 and so much more to get benefits or access to money or borrowing just a decent amount. Other apps, competitors such as Chime have been updating their app to have way more better features including way less deposits required for benefits, access to paycheck early even if it’s not the entire thing and with low fees, low borrow fees, faster credit building, same safe credit building options. It’s really unfortunate to see this app go down hill, become slower and have technical issues, been using for like 4 years and I’ve told over 30 people about this amazing app, but if these issues aren’t fixed it’s not as good as it once was. All the deposits are almost twice other banks to get benefits or borrow and the borrow fees higher too.

My so called “secured” banking card was breached so, like any other person would do I locked & cancelled my card through the app. I called to make sure that I’ve started a dispute, everything seemed to be going well. I was told that a provisional credit would be added to my account the next day. However, the provisional credit was never applied, subsequently taking my actual money being deposited into my account. I then called for again, this time being the THIRD TIME by the way to get a better understanding about what’s going on just for the supervisor to tell me (for the first time after speaking with three other team members) that my provisional credit is locked until the 90-day process has been completed. So, here I am stuck paying back a fraudulent charge I never even approved of!!! I HIGHLY RECOMMEND NOT USING VARO! If in the event that your account gets compromised you will be “penalized” by NOT having access to your believe card, or the money deposited into the account. Seriously, If I could rate at no stars, I would. TERRIBLE EXPERIENCE! & unfortunately, After being a trusted member for over four years this will be this last time Varo will ever provide me with ANY service they have to offer. 👎🏾👎🏾👎🏾