Referral Bonus

Varo’s Referral Bonus Promotions offer a bonus to existing customers who refer others, and new customers referred to sign up for a Varo Bank Account who complete all offer qualifications.
 

How do I earn a Varo Referral Bonus?

Existing Varo customers:

1. Find your bonus offer terms and unique referral link in the email we sent, or in your Varo app under My Varo > Invite Friends.
2. Tap Share link and send this URL to your friends and family.

Referred new customers: 

1. Register for a new Varo Bank Account using the unique referral link provided by your referrer. 
2. Meet the other qualifications listed in your offer.

Qualifications & Rules

• User Eligibility: Only brand-new Varo Bank customers who open an account via a unique referral link qualify. Existing customers or customers with previously closed accounts are not considered new customers and do not qualify.
• Deposits Requirements: Funding must be an ACH direct deposit from payroll, pension, or government benefits sent directly to your Varo Bank account or payroll transfers via Visa Direct. Varo to Anyone transfers, third-party transfers (CashApp, Venmo, etc.), and ACH transfers from an external bank account do not qualify.
• Referral Limits & Bonus Caps: You can refer up to 5 friends and family members each calendar year.  Once you earn 5 referral bonuses for the calendar year, your referral link can no longer be used to earn additional bonuses for the remainder of the calendar year.
• Sharing Restrictions: Referral links are meant strictly for personal sharing with friends and family. Sharing your link on third-party social media, blogs or other similar websites may lose eligibility.

How long does it take to get my bonus?

Referral bonuses are paid within 15 business days after all qualifications are met. You and your friend are paid separately — each of you get your own bonus, once your own qualifications are complete. Your bonus is deposited directly into your Varo Bank Account.

What if I haven't received my bonus?

Ensure you signed up using your unique referral link, made a qualifying direct deposit, and completed everything within the offer's time window.

Go to My Varo > Invite Friends in the app to track referral status and view pending qualifications

Common reasons a bonus is delayed or not paid include: 

• The deposit came from an ineligible source (like CashApp, Venmo, Varo to Anyone, or an external bank, non qualifying type of deposit)
• The referral link wasn't used during signup.
• The referred person is an existing account holder or previously closed a Varo account.
• You have already earned the maximum 5 referral bonuses for the calendar year. 
• Requirements were not completed within the required offer window.
• The deposit hasn't been posted yet (pending transactions do not count).
   

Terms and conditions of the Varo Bank Referral Program are provided during the signup process via email.