You have the flexibility to choose an autopay date between 15-30 days (excluding weekends and federal holidays) after receiving your Advance1. You can also manually pay all or part of your Advance before the due date from the Varo app home screen by tapping Advance > Make a payment.
There is no impact on future eligibility as long as your Advance is paid before or on the final due date. If you’re not able to pay the Advance back by the final due date, we’ll deduct any balance owed from incoming deposits to your authorized accounts until the Advance is fully paid.
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.