If you can’t meet your auto-repayment date, you will still have until the due date to pay it back. If you are unable to pay back your Advance by the due date, we’ll deduct any balance owed from incoming deposits to your Varo Bank Account until the Advance is fully repaid. You will be subject to a waiting period before your eligibility can be re-evaluated. It’s important to pay on time!
Here are some tips to help you pay on time:
- Make sure you have enough money in your Varo Bank Account a couple days prior to your auto-repayment date
- If you don’t, make a deposit or transfer funds
- Set a reminder in your phone for the date your payment is due