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Quontic vs Varo Bank

Quontic is an innovative digital bank offering checking accounts with high rewards. How does it compare to Varo Bank? Read our comparison chart below.

 Quontic
Member FDIC
 Visit SiteLearn More
 

Quontic

Varo Bank

SPECIAL OFFER
High Yield Savings - 4.50% APY - Learn More

Read Quontic Review

SPECIAL OFFER
Online Savings Account - Learn More

 

Benefits and Features

Savings
High Yield Savings: 4.50% APY
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.
CD4.30% to 5.05% APY; $500 minimum 
CheckingHigh Interest Checking: Up to 1.10% APY
Cash Rewards Checking: 1.00% cashback
No monthly service fee; no minimum balance; no overdraft fees
Monthly Fee 
$0
Money Market
5.00% APY
 
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
Online only
 

CreditDonkey® Reviews

 Quontic
SavingsStarStarStarStarEmpty Star
CheckingStarStarStarStarHalf Star
Mobile AppStarStarStarStarEmpty Star
Customer ServiceStarStarStarStarHalf Star
Pros & ConsPros:
  • No monthly service fee
  • High interest rate
Cons:
  • Basic mobile app
  • $5/mo inactivity fee
Bottom LineInnovative digital bank offering checking accounts with high rewards... 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.

Quontic: Pricing information from published website as of 03/27/2024

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

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


Articles on Quontic

Quontic Bank Review

Quontic Bank aims to provide a better experience (and rewards) for those underserved by traditional banks. Review the rates, fees, and customer reviews.

Is Quontic Bank Legit

Is Quontic Bank safe and secure? Find out how Quontic protects your account and learn about common customer complaints.

Which Do You Think is Best?





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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.

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