Is Varo a real bank? Yes, Varo Bank is a real bank that is the first all-digital bank in the United States to receive a national charter from the Office of the Comptroller of the Currency (OCC).
Varo was founded in 2015 and is headquartered in San Francisco and Utah.
Varo Bank is the first fully digital nationally chartered U.S. bank. It is a bank account and a high-yield savings account. It also offers both a free debit card and a cash advance product.
Varo Bank has $486 million in available assets as of December 31, 2023. Although this bank has no physical branches, customers can access over 55,000 ATMs nationwide for free through the Allpoint network.
If you are looking for an online-only bank, Varo is the right choice. because there is no need to pay any fees. also, you can get additional benefits like building credit
Can I trust Varo Bank?
Yes, you can trust Varo Bank because Varo has a national bank charter. This means we are a truly regulated bank. It is one of the first all-digital banks in the US.
Is Varo a good bank?
yes, Varo is a good bank because it is best for consumers who want an online alternative to traditional banks, with no fees, competitive APYs, and digital tools for saving.
For more information visit the official website of Varo Bank.
