Current vs Varo Bank

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

		Varo BankBank of America
	Visit Site	Learn 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
Savings	Up to 4.00% APY on your Savings Pod, on up to a total of $6,000	3.00% 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.
Checking	Earn up to 15x points on purchases at participating merchants	No monthly service fee; no minimum balance; no overdraft fees
Kids Debit Card
Customer Service		Mon-Fri 8am - 9pm (ET) and Sat-Sun 11am to 7pm (ET)
Minimum Deposit to Open	$0	$0
Mobile App	iOS & Android	iOS & Android
ATMs	Free access to 40,000+ Allpoint ATMs	Over 55,000 fee-free AllPoint ATMs
Locations		Online only
Monthly Fee	$0	$0
	CreditDonkey® Reviews
Savings
Minimum Deposit
Checking
Price
Customer Service
Mobile App
Ease of Use
Education
Pros & Cons	Pros: 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 APY
Bottom Line	Simple, digital-only banking app with impressive APY and cashback... Read full review
	Visit Site	Learn More
	Build Credit While You Bank Current Savings with Interest - Up to 4% APY Fee-Free Overdraft up to $200 with Overdrive	Online Savings Account Varo Bank Account Referral Program - $30 Bonus
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.

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.

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Current Savings with Interest - Up to 4% APY

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• 4.00% APY 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% APY.)
• Simply add money to your Savings Pods and enable the Interest feature.
• Earn interest on up to 3 Savings Pods, up to $2,000 balance each.
• Interest accumulates 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.

Fee-Free Overdraft up to $200 with Overdrive

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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.

• Current vs Chime
• Current vs Ally Bank

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