Varo Bank User Reviews

Customer Experience

Positive experience20.9% of reviews
Neutral5.7% of reviews
Negative experience73.4% of reviews

~ Based on 661 written reviews from the US App Store.

What users say

Is Varo Bank Safe?

Varo Bank: Online Banking appears safe based on user ratings. AppsHunter Safety Score for Varo Bank is 98/100.

This assessment is based on 233,512 user ratings, with an App Store average of 4.9/5.

Safety Analysis

96.8% of ratings point to a safe experience
1.5% of ratings suggest some concerns
1.7% of ratings point to a risky experience

~ Based on 233,512 App Store ratings for Varo Bank.

Is Varo Bank Legit?

Varo Bank: Online Banking appears to be a legitimate app. AppsHunter Legitimacy Score for Varo Bank is 83/100.

Based on 83 of 100 points across 7 verification signals from App Store and developer data.

Top reviews

Fix the app

Every time I click to find ATM button app closes. Please fix it and I’ll fix my rating.

More money app scams

Yet another app with lots of promises and “here to help you” but really just scamming you out of so much money it’s like u got a small loan at 3000% interest…SCAM SCAM SCAM

Discrimination of Permanent Residents

You can have an account at Citibank or Bank of America but you cannot open with Varo because you are not a citizen. Yes even if you provide SSN you cannot go through. Trash.

Dispute

I been with Varo three years they allowed a merchant to over charge me I filed a dispute and they denied my claim so no they are not a honest bank they allow merchants to over charge me without doing anything

Love varo bank

This is the best bank I have ever had the experience is so awesome if varo bank was a woman I would take you out to dinner I love all the perks and the no fees is so awesome thank you for this bank I’m not going anywhere else I’m here to stay I love varo bank… Varo thank you… thank you for your Advance to get to my next work check thank you again greatest bank ever…
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Denied a bank account

I am not sure why I would be denied but they just denied me and did not tell me why… Tired of giving these apps my personal information just for them to practice further racism via technology.

TERRIBLE DO NOT DOWNLOAD

They are absolute scammers! Do not download took my direct deposit!

Scammers

Don’t open an account with them.

Eve-22

The best bank ever just like chime bank

?

Good thing I don’t have any money in here, they won’t let me login saying I need to change my password, then won’t let me change my password. Such a waste of time and energy smh

Hold time 9 days for checks 😡

I had rent to pay and instead of cashing my check within 24 hours they held it for 9 days costing me a late fee. No notice of wait time for checks either. Horrible customer service.

Spare cash

If you’re looking for a bank to store spare cash, then ok. But I recieved an insurance check for around ten thousand dollars. They did not only freeze the insurance check, but also my pay check and every other dime I had in the account. I understand a hold on a check of that sum, but to freeze the money I live on, that I feed my family with? And my pay check had been direct deposited for a year. Nothing suspicious about it. And then they said it will be two business days before I hear from them. On a Thursday that means Monday at the earliest. Ridiculous. I’m still waiting for my funds
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Useful , just don't act "suspicious"

If you try to deposit too many checks at once or accept payments from friends too often , Varo will just reject all pending checks and transactions and disable your ability to remote deposit and accept payments for a month . Better not have any bills due before then !

Zelle is not unconditional like with other banks

They got Zelle a while ago and then got rid of it. I was excited when they brought it back again albeit with the conditions of having your account for 60 days and 1k in deposits. But this is a lie. I met those conditions, but there are more that they don’t tell you. This is what the rep told me: “please be aware that eligibility is determined by a variety of internal security guidelines and account factors designed to ensure the safety of your funds. These evaluations are conducted automatically and are subject to Varo's discretion.” So I’m upset and frustrated because Zelle would be very helpful. Don’t advertise it so loudly if there are strings attached. I expect better.
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Scammers

They are taking peoples money out of their accounts with no valid reason and closing down the accounts

The bank took money that wasn’t used

The money was not used for that my account is in the negative that I did not use or did not pay for so they’re taking money off of people and taking them into the negative this app is ridiculous

Do not download

It won’t let you borrow money it’s all bs

Disappointed in APY rate change

I’ve been banking with Varo since I could legally have my own bank account (6 years) and I loved their 5% APY and I happily promoted Varo to anyone that would listen. Not even for the friend recommendation reward, but simply because I loved Varo. but with their new policy update, it’s only 3.75%. I feel as though this takes away one of the perks of Varo. Especially since it’s strictly an online bank there are limits to what they can provide while a brick and mortar bank can provide in person services and cash transfers. While I don’t mind finding other ways getting cash through ATMS or cash back from stores. It does put a damper on things knowing that one of the main reasons I promoted Varo has been taken away.
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I be real fosho

It’s pretty easy to use and it’s now become my main bank

DO NOT USE

They limit how many transactions you make a day and how much you can send out to others during a thirty day period. It is actually pointless and they make sure your money is locked up so if you have an emergency, all their customer service reps will say is their suggestion is to wait until the limit resets. Terrible business model for a bank. 0/5 don’t recommend. They do not care how inconvenient it is.
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