If you live in the United States and want to get started with Varo Bank. Varo Bank is a new online bank that offers savings accounts credit cards. Varo Bank Sign Up Bonus offers $50 when you open any new account with them. They have no minimum deposit requirements, but if you do not have an existing account with them, you will need to put at least $1 in your checking account before enrolling in this offer.
The most popular banking service Varo Bank offers is a $100 Varo Bank Sign Up Bonus $50 cash reward, as well as a $30 referral bonus when you refer someone.
If you want to get more money from banks, sign up for the ones that offer Best Bank immediate sign-up bonus. You can have a credit limit of up to $10,000 without being asked to provide references, pay fees, or submit a credit check.
What is Varo Bank?
Varo Bank was founded in 2015 as a fintech company that partnered with The Bancorp Bank. In 2020, Varo acquired its own national banking charter and began operating as an independent bank.
Varo Bank entered the banking business with an ambitious plan. Varo bank has no minimum balance fee or overdraft fee. Varo then added some more benefits, such as a higher-than-average interest rate for its qualified savings account.
Varo Bank $50 Sign-Up Bonus
Varo Bank offers great customer service and lowers interest rates if you’re looking for a new bank.To help you get started with your Varo Bank $50 Sign Up Bonus, here’s a guide to help you open an account and participate in their promotion.
As per the Varo Bank promotion in September 2022, members who join Varo Bank using promo code: and complete qualifying activities will receive a $50 bonus.
How to Claim a $50 Varo Bank Sign Up Bonus
- Log into your Varo Bank account and click on “Refer Your Friends”
- Click on the link “Open a new Varo Bank account via this link.”
- Follow the instructions to create your new account. Be sure to use the code HELPINGDESI when you sign up, or else you will not receive any credit toward the $50 bonus.
Varo Bank $30 Referral Bonus:
If you are a new Varo Bank customer and you refer a friend to open an account, you’ll earn $50 for the referral and your friend will receive $50 after opening the account.
How to claim a $50 Varo Bank Referral Bonus?
To claim your Varo Bank Referral Bonus, all you need to do is:
- Open an account with Varo Bank (if you haven’t already)
- Link your new Varo Bank account and the one that referred you using the HELPINGDESI referral code in the email we sent to both of you
- Deposit at least $500 within 30 days of opening the account
Varo Bank referral code
To get your $100 bonus, you need to enter the referral code of Varo Bank.
Varo promo code
- HELPINGDESI
- HELPING12
- HELPINGDESI34
Expired Offers From Varo Money
We’ve got some great news for you: There are some amazing bonuses available at Varo Money right now. But before you get too excited, we need to let you know that these offers expire on [date]. So if you want to take advantage of them, you’ll have to act fast!
We hope this doesn’t ruin your day. We just wanted to give you a heads-up so that you don’t miss out on a chance to get the most out of your money
PROS & CONS
PROS
- no monthly fees
- no minimum balance requirements
- no hidden fees
- free ATM withdrawals
- free online banking
- free mobile banking
- low interest rates
- easy to use
CONS
- Varo Bank doesn’t offer a checking account
- Varo Bank doesn’t have a mobile app
- Varo Bank is not available in all states
- Varo Bank does not have a physical bank location
Varo Bank Features
Here are some of the features that you get from a Varo Bank account:
- No account maintenance fees. No monthly fees or minimum balance requirements are required to maintain your Varo Bank account, so you won’t have to worry about extra charges.
- Mobile banking. You can access your accounts and make transfers from any device with an internet connection 24 hours a day, 7 days a week. You can therefore manage your finances wherever you are at any given time.
- Free ATM transactions with select ATMs across the country.
- Free bill pay options – You can pay bills either by check or electronically via transfer from another bank account or debit card balance.
- Online bill payment services – With just one click, all of your bills can be paid automatically each month without having to write out checks yourself!
How to Earn Varo Bank Cash Back?
You can earn cash back through Varo Bank in four different ways:
- Paying Bills: You will get a 2% bonus online paying your electricity bills.
- Prepaid Mobile Recharges: You will get a 1% bonus when you recharge your prepaid mobile number using the bank’s payment gateway.
- ATM & POS Transactions: You will get a 0.5% bonus for all ATM and POS transactions from Varo Bank ATMs and Debit Card swiping machines respectively.
- Cheque Deposit: Every time you deposit cheque into any of the bank’s branches, you receive an instant 100 points that can be redeemed as cash back at any point of time in the future. The bonus points are added to your account within 24 hours of cheque deposit by default or on request if they are not automatically added within 24 hours (in case of any technical issue).
How To Varo Bank Monthly Fees:
Conclusion
Varo Bank is a great option for people who want to open a new bank account and save money. The sign up bonus is one of the best we’ve seen recently, and there are other incentives as well. For example, you can earn rewards points on every purchase made with your card.
FAQ
Is Varo Bank legit?
Varo Bank is one of Forbes Advisors’ Best Online Banks and Best Online Savings Accounts. A person with relatively straightforward finances may find Varo to be a convenient option. The greatest benefits will be enjoyed if you use it as your primary checking and savings account.
Does Varo have a Referral Program
If your friend opens a Varo Bank Account using your unique referral link, you’ll receive a sweepstakes entry. You will earn an entry once their application is approved!
