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Varo Bank

Online Savings Account

  • Earn 3.00% up to 5.00% APY
  • No minimum to open
  • No monthly maintenance fee
  • Member FDIC

Varo Bank Account

  • $0 opening deposit
  • No monthly service fee
  • No balance requirements
  • No fees at 55,000+ Allpoint ATMs
  • Get paid up to two days early with direct deposit
  • No foreign transaction fees
  • Member FDIC
$30

Referral Program - $30 Bonus

Expires 4/11/2024

Earn $30 for every successful referral who opens a qualifying account and completes qualifying activities.

High-Yield Savings Premier - 5.36% APY

High-Yield Savings Premier - 5.36% APY

  • No account activity or maintenance fees
  • $500 minimum opening deposit
  • FDIC insured
5.36% annual percentage yield (APY) is accurate as of 1/17/2024 and subject to change at the Bank's discretion. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY. Member FDIC
US Bank
Member FDIC

U.S. Bank Smartly® Checking - Up to $400 Bonus

Expires in 7 days
Earn up to $400 when you open a new U.S. Bank Smartly® Checking account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through April 3, 2024. Member FDIC.

Complete the following within 90 days of account opening:

  • Enroll in online banking or the U.S. Bank Mobile App
  • Make two or more direct deposit(s) totaling $3,000 to $4,999.99 to earn $200 or $5,000 or more to earn $400

Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.

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.
Bank of America
Member FDIC

Bank of America Advantage Banking - $200 Bonus Offer

Expires 5/31/2024
  • The $200 bonus offer is an online only offer and must be opened through the Bank of America promotional page.
  • The offer is for new checking customers only.
  • Offer expires 5/31/2024.
  • To qualify, open a Bank of America Advantage Banking account through the promotional page and set up and receive qualifying direct deposits totaling $2,000 or more into that new account within 90 days of opening.
  • Bank of America will attempt to pay bonus within 60 days.
  • Additional terms and conditions apply. See offer page for more details.
  • Bank of America, N.A. Member FDIC.
Chase
Member FDIC

Chase Total Checking® - $300 Bonus

Expires 4/17/2024
  • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities
  • Access to more than 15,000 Chase ATMs and more than 4,700 branches
  • Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
  • JPMorgan Chase Bank, N.A. Member FDIC
  • Open your account online now
  • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
  • Chase Overdraft Assist℠ - no overdraft fees if you're overdrawn by $50 or less at the end of the business day or if you're overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day*

Varo Bank Trending Offers

YesterdayReferral Program - $30 Bonus selected by a visitor from Texas
8 days agoOnline Savings Account selected by a visitor from Florida
9 days agoVaro Bank Account selected by a visitor from Michigan

Don't miss another hot deal. Check back often at CreditDonkey.

5.00%

Varo Savings Account - Up to 5.00% APY

Varo lets you earn up to 5% APY if you are able to fulfill some requirements.

When you make your first deposit, you'll be earning 3% APY. Then if you're able to meet their requirements, you'll start earning 5% APY for every month you can meet ALL these requirements:

  • Receive direct deposit(s) totaling $1,000 or more.
  • End the month with a positive balance on both your Varo Bank Account and your Savings Account.

Do note that this APY only applies to balances equal to or below $5,000. But any balance you have over $5,000 will continue to earn at 3% APY.

We like this because they have no monthly maintenance fees or any minimum balance requirements.

Pros:

  • No monthly maintenance fees
  • No minimum balance requirements
  • High cap amount to earn 5% APY
  • Balances above $5,000 still earn at a competitive APY

Cons:

  • Certain requirements to earn 5% APY

    Highlights

    Savings
    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
    No monthly service fee; no minimum balance; no overdraft fees
    Monthly Fee
    $0
    Minimum Deposit to Open
    $0
    Mobile App
    iOS & Android
    ATMs
    Over 55,000 fee-free AllPoint ATMs
    Customer Service
    Mon-Fri 8am - 9pm (ET) and Sat-Sun 11am to 7pm (ET)
    Locations
    Online only

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

 

Varo Bank

Chime

 

Benefits and Features

Savings3.00% 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.2.00% Annual Percentage Yield (APY).
CheckingNo monthly service fee; no minimum balance; no overdraft feesNo monthly service fee; no minimum balance; no overdraft fees; no foreign transaction fees
Monthly Fee
$0
$0
Minimum Deposit to Open
$0
$0
Mobile App
iOS & Android
iOS & Android
ATMsOver 55,000 fee-free AllPoint ATMsOver 60,000 fee-free MoneyPass, Allpoint, and Visa Plus Alliance ATMs
Customer ServiceMon-Fri 8am - 9pm (ET) and Sat-Sun 11am to 7pm (ET)
24/7
Locations
Online only
Online only

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

Chime: Chime is a financial technology company, not a bank. Banking services provided by, and debit card issued by, The Bancorp Bank or Stride Bank, N.A.; Members FDIC.


Varo Bank Alternatives

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.
Bank of America
Member FDIC

Bank of America Business Advantage Checking Account - $200 Bonus Offer

Expires 6/30/2024
Earn a cash bonus in three steps:
  1. Open a new eligible business checking account by June 30, 2024
  2. Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
  3. Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**
*Qualifying Deposits are deposits of new money, which is money not currently or previously held in any account at Bank of America or Merrill
**The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
Member FDIC
Chase
Member FDIC

Chase Secure Banking℠ - $100 Bonus

Expires 4/17/2024
  • New Chase checking customers enjoy a $100 checking account bonus when you open a Chase Secure Banking℠ account with qualifying transactions. Open online or at any Chase branch.
  • Set up direct deposit and you may get your money up to two business days early-exclusively for Chase Secure Banking℠ customers.
  • No minimum deposit to open an account and get started plus no overdraft fees with a Chase debit card that helps you stay within your balance.
  • Track your credit score, get a personalized action plan provided by Experian™ to help improve your score and receive identity monitoring for free through Chase Credit Journey®.
  • Chase Secure Banking℠ customers told us they save an average of more than $40 per month on fees after opening their account.
  • JPMorgan Chase Bank, N.A. Member FDIC.
  • Pay bills, cash checks and send or receive money with Zelle® with a Chase Secure Banking℠ account.
  • Bank from anywhere with access to more than 15,000 Chase ATMs, more than 4,700 Chase branches, the Chase Mobile® app and Chase.com.
US Bank
Member FDIC

Silver Business Checking Package - Up to $800 Bonus

Expires 4/23/2024

Earn up to an $800 bonus when you open a new, eligible U.S. Bank business checking account online with promo code Q1AFL24 and complete qualifying activities, subject to certain terms and limitations. Offer valid through April 23, 2024. Member FDIC. Complete these steps to earn the offer:

Earn your $350.

  • Complete $5,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.

Earn your $800.

  • Complete $25,000 in new money deposits within 30 days of account opening and maintain for 60 days after account opening.
Discover Bank
Member FDIC

Online Savings Account - Earn 4.25% APY

  • No fees
  • No minimum opening deposit
  • No minimum balance required

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About CreditDonkey
CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

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