Varo Advance lets you choose your auto-repayment date, between 15 and 30 days after you receive the Advance. Make sure you pick a date that works for your budget, like a day or two after you receive a regularly scheduled direct deposit, or on day 30 for the most flexibility.
If you’re unable to pay back your Advance by the auto-repayment date you selected, you still have until day 30, the due date, to pay it back without issue. Unfortunately, the 30-day final due date can’t be changed.
If you’re unable to pay the Advance back by the due date, we’ll deduct any balance owed from incoming deposits to your Varo Bank Account until the Advance is fully repaid. There will then be a waiting period before your eligibility is re-evaluated for future Advances.
Remember, you can always repay early. Just tap your Advance from the home screen of the app, and then choose Repay Advance at the bottom of the screen.