You’ll qualify for an Advance if:
- Your Varo Bank Account is active (not closed or suspended).
- Your Varo Bank Account and/or Savings Account has an available balance equal to or greater than $0.00.
- You’ll need at least $800 in total qualifying direct deposits* to either your Varo Bank Account or Savings Account, or both combined (either this calendar month or last).
We’ll check your eligibility for a Varo Advance daily. If you qualify, you will see the Advance amount available to you by tapping on Varo Advance on your Varo app’s home screen and then applying for an Advance in the app. If approved, you can then get an Advance immediately.
*Qualifying direct deposits are electronic deposits of your paycheck, pension or government benefits (such as Social Security or unemployment) from your employer or government agency. 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.