Varo Advance1 is a small dollar line of credit. Get a cash advance immediately deposited in your Varo Bank Account after approval. View your available Advance limits and associated fees in the Advance tile on the app home screen.
You’ll see available Advance amounts if you’re eligible, or more information on how to qualify by either:
- Setting up and receiving $800+ in qualifying deposits2,3 to your Varo account(s) monthly
- Linking an external (non-Varo) account with ongoing direct deposits and positive balances for several months
Additional qualifications apply.
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1Varo Advance is a small dollar line of credit. Initial limits range from $20- $250. Fees range from $1.60 - $40 based on loan amount, and deposits to your Varo Bank Account. Your current limit and applicable fees can be viewed in the Varo App For full details see Terms and Conditions. Qualifications apply. Must set up direct deposit to Varo or link a qualifying account. Subject to evaluation of consumer reports and Varo account activity.
2Qualifying direct deposits are electronic deposits of your paycheck, pension or government benefits (such as Social Security or unemployment) from your employer or government agency to the extent that can be identified. Tax refunds and government stimulus payments, Person-to-Person payments (such as Venmo or Varo to Anyone), and funds deposited using a Varo routing number are not considered a direct deposit.
3A Non-Varo Deposit is any type of deposit that is not Cashback, Varo Advance, or Varo Line of Credit deposits; transfers for Move Your Pay, Save Your Pay, or Save Your Change; Believe Card Vault, Varo internal, or Varo to Anyone transfers; Varo Advance or Varo Line of Credit fees; or Varo dispute credits, promotional payments, or initiated adjustments.