You have the flexibility to choose an auto-repayment date between 15 and 30 days (excluding weekends and federal holidays )after you get your Advance. If you want to pay all or part of your Advance sooner, you can manually repay your Advance from the home screen of your app by tapping Varo Advance > Repay Advance. All Varo Advance repayments are made from your Varo Bank Account.
If you’re unable to repay by the auto-repayment date you selected, then you still have until the 30-day final due date to repay your Advance. The 30-day final due date is calculated from when it was first taken out and can’t be changed.
If you’re unable to pay the Advance back by the 30-day final due date, we’ll deduct any balance owed from incoming deposits to your Varo Bank Account until the Advance is fully repaid. If you’re unable to pay back the Advance on time, you may not be eligible for Advances in the future.