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 get a 50% lower fee 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 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.
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.