We charge a flat, upfront, and fair fee on each Advance1 depending on your approved amount:
There are no additional fees, such as traditional monthly service fees, subscription fees, late fees, or penalty fees that are typical at other institutions.
Varo does not ask for a “tip” or charge a same-day or instant delivery fee. You’ll get your Advance right away once approved with no additional costs.
1Varo Advance(VA) is a small dollar line of credit. Initial limits range from $20-$250, work your way up to $500 over time. Fees range from $1.60 - $40 based on loan amount. Current limit can be viewed in the Varo App. Only one outstanding advance at a time, must be repaid in full prior to requesting a new advance. Varo Bank Account, with minimum Qualifying Direct Deposit (QDD) of $800 in current or previous calendar month required. Limits and eligibility evaluated daily and may change at any time. Add'l qualifications apply.