If you turn off SafePay and don’t pay your monthly statement balance on time, you’ll be charged a $15 late fee. Late payments could reflect negatively on your credit report, and may cause you to become ineligible for Varo Believe. To keep using your Varo Believe card, you’ll need to make on-time payments.
To avoid missing a payment, turn on SafePay. In the Varo Bank app, tap your Varo Believe card from the home screen > SafePay > Turn it On.
If you prefer not to use SafePay for automatic payments, you can always set up automatic payments from a linked account, do manual payments from a linked account or your Varo Believe Secured Account, or mail us a check. Keep in mind that if you choose to pay with a linked account or check, the secured funds in your Varo Believe Secured Account will be made available 3 business days after we receive your payment in full.