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Current vs Varo Bank

Current is a simple, digital-only banking app with impressive bonus and cashback. How does it compare to Varo Bank? Read our comparison chart below.

 Current
 Visit SiteLearn More
 

Current

Varo Bank

SPECIAL OFFER
Build Credit While You Bank - Learn More

Read Current Review

SPECIAL OFFER
Online Savings Account - Learn More

 

Benefits and Features

SavingsUp to 4.00% bonus on your Savings Pod, on up to a total of $6,0003.00% APY on all balances. Opportunity to earn 5.00% APY if your daily savings balance does not exceed $5,000 AND you make at least 5 Varo debit card purchases per month AND receive at least $1,000 in direct deposits in either the Varo Bank Account or Savings Account.
CheckingEarn up to 15x points on purchases at participating merchantsNo monthly service fee; no minimum balance; no overdraft fees
Monthly Fee
$0
$0
Kids Debit Card
Check
 
Minimum Deposit to Open
$0
$0
Mobile App
iOS & Android
iOS & Android
ATMsFree access to 40,000+ Allpoint ATMsOver 55,000 fee-free AllPoint ATMs
Customer Service Mon-Fri 8am - 9pm (ET) and Sat-Sun 11am to 7pm (ET)
Locations 
Online only
 

CreditDonkey® Reviews

 Current
SavingsStarStarStarStarEmpty Star
Minimum DepositStarStarStarStarStar
CheckingStarStarStarStarStar
PriceStarStarStarStarStar
Mobile AppStarStarStarStarStar
Customer ServiceStarStarStarEmpty StarEmpty Star
Ease of UseStarStarStarStarStar
EducationStarStarStarEmpty StarEmpty Star
Pros & ConsPros:
  • High savings rate
  • Up to 15x cash back at 14k stores
  • Ability to deposit cash
Cons:
  • No web platform
  • Email-based support only
  • Requires direct deposit to earn the boosted bonus
Bottom LineSimple, digital-only banking app with impressive bonus and cashback... Read full review
 Visit SiteLearn More

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Current: Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC.

Varo Bank: Pricing information from published website as of 11/08/2023.

Current

Build Credit While You Bank

  • Get Paid Up to 2 Days Faster
  • Build credit and earn points with every swipe
  • 40,000 fee-free Allpoint ATMs in the U.S.
  • No credit check, minimum balance or hidden fees
Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC.
Current

Current Savings - Up to 4.00% bonus

  • 4.00% bonus on up to $6,000 balance if you receive and maintain a qualifying direct deposit of $200 or more in a rolling 35 day period. (Otherwise, 0.25%)
  • Simply add money to your Savings Pods and enable the Boost feature.
  • Earn bonus on up to 3 Savings Pods, up to $2,000 balance each.
  • Bonuses accumulate daily.
Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC, and Cross River Bank, Member FDIC.

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Current or Chase.


Articles on Current

Current Banking Review

Is Current a good fit for you? Discover its benefits and drawbacks, and see how it sizes up against apps like Chime in this review.

Which Do You Think is Best?





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