Varo is a digital bank with no maintenance fees and no minimum balance requirements.
Current Varo Bank Promotion offers a $50 Varo Sign up Bonus when you join through a varo referral code, plus you can get another $50 referral bonus for each friend you invite.
It’s easy to claim your Varo Bank Promotions bonus, but it’s a bank, so you have to provide some additional pieces of information to open your account, so let’s see how you can claim your Bonus.
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Varo bank promotion: $50 Sign up Bonus.
Varo is offering a $50 Sign up Bonus to new users who create a verified Varo account through our special Varo Promotion Link and spends at least $20 from Varo Debit Card, and the Bonus will automatically be added to your Varo account.
How to Claim Varo Sign up Bonus
- Sign up on Varo with this Varo Promo code.
- Now fill in basic details like Name and address and verify your Identity.
- Once your identity is verified, you must spend $20 with your Varo Debit Card in the first 30 days.
- Your $50 Varo Sign up Bonus will be deposited into your Varo Bank account within 4-7 business days of completing the qualifying transactions.
Varo bank referral Promotion: $50 Referral bonus
Varo Bank offers a $50 referral bonus, so invite your friend to open a Varo Bank Account with your unique link in the app. Get paid when your friend spends $20 through Varo Debit Card within 30 days of opening their new Bank Account. You and your friend earn $50.
Here is How to get Varo Referral Bonus
- Go to the Varo site and log in to your account.
- Now go to invite friends and share your referral link.
- Once someone signs up using your link, creates a verified Varo account, and spends $20 with a Varo debit card, both of you will get a $50 bonus.
What is Varo?
Varo was founded in 2015 by two people who thought that traditional banking was too expensive, too stuffy, and frankly just plain boring stuffy and boring, and desperately down it started.
Varo bank is one of the most popular online banks and with a whopping 3 percent interest rate that they give to their customers on their savings account.
Like many other online-only banks, they only provided the software experience while partnering with an actual bank for the good banking part, but as of last year, Varo has officially become a full-fledged bank, and it runs all its own operations.
As a Neo bank, Varo shares a lot in common with this competition.
For example, you won’t find any overdraft, minimum balance maintenance, transfer, or withdrawal fees. There are also no atm fees provided you use one of their 55 000 in-network ATMs.
If you use one that’s not in the network, Varo will charge you 2.50 cents on top of what the atm charges you. Fortunately, finding an in-network atm is very easy and can be done right from the app.
The Varo bank account doesn’t charge fees, which makes it great for everyday banking, spending, and traveling. You can open a savings account for zero dollars, get early paydays, and more.
Is Varo Legit and Safe?
Yes, Varo Bank is completely safe and legitimate as they are FDIC insured, which is good because many online banks partner up with the bigger bank and aren’t individually FDIC insured.
But Varo itself is FDIC insured, which is really difficult to get, and they really offer a lot.
There are no fees, no monthly fees, no transfer fees, no foreign transaction fees, and no fees for over 55 000 all-point ATMs., Also, there is no minimum balance required to open an account.
Benefits of Varo Bank:
- Varo to Varo Money Transfer: Varo money transfers to other Varo users will not charge any fees.
- Instant money Deposit: if you deposit money to your Varo from any green dot location, you will get your money instantly to your wallet.
- Varo offers Varo partners up with different retailers to give its customers the best deals; you could look at the Varo Offers sections and can claim lots of benefits.
- Varo Cashback: Varo literally offers up to 15% when you use your Varo card to shop online.
- High yield Savings account: Varo offers up to a 3% APY interest rate to your Varo savings account.
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Varo Bank Promotions is an excellent offer for the beginner as it offers a $50 Varo Sign up Bonus along with another $50 Varo referral bonus.
There are no fees and no minimum balance requirements, and you can refer other people to earn even more referral bonuses, here are also some other easiest Promotions are running Such as Dave Bank Promotions and Stash Promotions which offers you up to $300.