Varo Advance is a small-dollar line of credit. An “advance” is a loan deposited to your Varo Bank Account which must be repaid. Qualifications apply. To continue to receive advances, you’ll need direct deposits of $800+ during the current or previous calendar month to your Varo Bank Account or Varo Savings Account, and neither account can be overdrawn, suspended, or closed. We’ll check your eligibility for Varo Advance daily.
Advance amounts range from $20 - $250. The amount is based on your account balances, the activity on your Varo accounts, direct deposit history, number of on-time Advance repayments, and other factors. Fees apply to advances over $20. Reaching the higher limits can take time.
To continue to qualify for Advances, payments must be made on time. You can see the Advance amounts available to you by tapping on Varo Advance on your home screen.