View your current Varo Advance1 limit on the Varo app home screen. Your borrowing amount may change based on:
- Varo account(s) balances, activity, and direct deposit history
- External linked account activity, if applicable
- Previous on-time Advance payments
- Other risk factors
Reaching higher borrowing amounts can take time. Set up a direct deposit of $800+ to Varo Bank and you can qualify2 for higher Advance amounts.
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.
2Qualifying direct deposits are electronic deposits of your paycheck, pension or government benefits (such as Social Security or unemployment) from your employer or government agency to the extent that can be identified. Tax refunds and government stimulus payments, Person-to-Person payments (such as Venmo or Varo to Anyone), and funds deposited using a Varo routing number are not considered a direct deposit.