You’ll qualify for an Advance if:
- You've activated your Varo Bank debit card.
- Your Varo Bank Account is active (not closed or suspended).
- Your Varo Bank Account is at least 30 days old.
- Your Varo Bank Account and/or Savings Account is not overdrawn.
We’ll check your eligibility for Varo Advance daily. Advance customers start with $20 and if qualified, may step up gradually over time. We’ll let you know in the app if you’re qualified and for what amount. Once you’re qualified, you can get an Advance immediately. Eligibility for higher limits is based on your Advance repayment history, qualifying direct deposits, and any other qualifications.
*Qualifying direct deposits are an electronic deposit of your paycheck, pension or government benefits (such as Social Security or Unemployment Insurance) from your employer or the government into your Varo Bank Account and/or Varo Savings Account. Tax refunds and government stimulus payments, Person-to-Person payments (such as Venmo), and funds deposited using a Varo routing number are not considered a direct deposit.