We charge a flat, upfront fee on each Advance1 depending on your approved amount and Varo deposit history. Advance users who receive $800+ in qualifying deposits2 each month at Varo can decrease their fee by more than half on cash advances.
There are no additional fees, like monthly service, subscription, late, or penalty fees that are typical at other institutions. You can review current Advance fees in our Varo Bank Fee Disclosure.
1Varo Advance (VA) is a small dollar line of credit. Initial limits range from $20- $250. Fees range from $1.60 - $100 based on loan amount, and deposits to your Varo Bank Account. Your current limit and applicable fees can be viewed in the Varo App. Subject to evaluation of consumer reports and Varo account activity. Qualifications Apply.
2A 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.