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FAQs
Varo Savings Account

Are my Savings deposits FDIC insured?

You bet! All money in your Varo Savings Account and your Varo Bank Account is FDIC insured for a combined total of $250,000 through Varo Bank, Member FDIC.

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Bank account services provided by The Bancorp Bank. Your deposits are FDIC insured to at least $250,000 through The Bancorp Bank; Member FDIC. The Varo Visa® Debit Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc and may be used everywhere Visa debit cards are accepted.