Varo Phone Number: Varo operates exclusively online. Certain tasks that don’t require branches, tellers, or in-person bank visits can be completed online. Yes, it sounds like a dream. Regretfully, nothing is flawless. Like any brand, Varo Bank (formerly Varo Money) has errors. However, their mistakes are financed by your money. Furthermore, it is very difficult to get a human to solve a problem when one arises.
| Name | Varo |
| Founded In | 2015 |
| Phone Number | 1-800-827-6526 |
| Email Address | login now to view the detail |
| Twitter ID | login now to view the detail |
| Instagram ID | login now to view the detail |
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| LinkedIn Profile | login now to view the detail |
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Contents
What Do They Offer?
Varo Bank operates exclusively online. Varo is probably not a good option if you would rather deal with your bank in person. Also, there aren’t any monthly fees for its savings and bank accounts. With a Varo Bank Account, none of the following fees will be assessed to you:
- Overdraft fees
- ATM fees at 55,000+ Allpoint® ATMs in stores like Target, Walgreens, and CVS**
- Foreign transaction fees
- Monthly maintenance fees
- Transfer fees
Varo offers competitive interest rates on savings accounts, early direct deposit, interest-free cash advances, and more, all in addition to its low fees. Here’s a closer look at the benefits of using Varo.
Pros and Cons
Pros
- Varo does not impose monthly fees and does not have minimum deposit or balance requirements.
- An attractive APY is provided by the savings account.
- Varo provides users with special features and tools to increase their savings.
Cons
- Only through third-party retailers—who might charge a fee—can cash deposits be made.
- There are no certificates of deposit or money market accounts available.
What Is Available At Varo Bank
Varo Bank provides checking and savings accounts to its customers, as previously mentioned. The majority of its services are gratuitous and free of additional costs: For instance, there are no monthly or yearly fees associated with foreign transactions, bank transfers, or minimum deposits. Varo Bank will not charge you anything even if you choose to close your account for any reason.
The absence of overdraft fees is yet another benefit of Varo Bank. Why? As for your account, you cannot lower it to zero. Although purchases might be rejected as a result, it is better than paying more money and having a negative bank account. You won’t be responsible for any additional fees if your balance falls below what you kept in your account due to outside circumstances.
When your balance is low and you need a little cash, the bank offers Varo Advance, which lets you borrow up to $100 and repay it over 30 days. You may be required to pay a cash advance fee of up to $5, depending on the amount.
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Varo Bank Disadvantages
Varo Bank offers a lot of fantastic features, but there are drawbacks as well. The lack of joint accounts offered by Varo Bank is one of the biggest disadvantages. Any additional users you wish to add to your account will require a custom registration.
The fact that Varo Bank does not support wire transfers is another drawback. If you need to send or receive money internationally, this might be an issue. You should be aware that Varo Bank does not have a direct deposit cap to avoid confusion. As long as the transfers aren’t international, you can send and receive them. Lastly, Varo Bank is exclusively available online; if you have any questions or would like to deposit money, you cannot visit any physical locations.
Bank experience
Customers of Varo can phone a service representative seven days a week. They are open weekdays from 8 a.m. to 9 p.m. Eastern time and on weekends from 11 a.m. to 7 p.m. You can also send emails with inquiries.
Users of iOS and Android devices give Varo’s app high ratings. All of the tools, features, and account access that users can access through the website are available through the app. Additionally, it allows users to immediately lock their cards in case they are misplaced or stolen.
Customer Service: Varo Phone Number
Except on Thanksgiving, Christmas, and New Year’s Day, Varo provides live chat support seven days a week from 7 a.m. to 3:30 p.m. PT via its mobile app.
There’s also the phone number, 877-377-VARO, but it’s pretty limited. It’s only to fix problems with disputing something or getting into your account. Adding a debit card to your virtual wallet.
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