Varo is a mobile banking Android application. Designed by an American financial institution of the same name, this utility goes with a free Visa debit card.
This app provides a full spectrum of Varo Bank services. Everything is accessible through the menu without the necessity to visit the office. The functionality matches many other similar utilities, for example, JoomMoney.
All new users of the app get a debit card with a chip for contactless payments. You need to upload the necessary documents, and your Visa will arrive a few days later by mail. Conveniently, there is no maintenance fee. Also, you can withdraw cash commission free in one of the thousands of ATMs worldwide.
To help you control your finances, the utility sends you notifications about every account action including transactions. Thus, it is very easy to track your spending and stay informed of your expenses.
Additionally, clients of Varo can earn up to 2.8 percent APY if they meet certain requirements. It is also worth noting that all users deposits are FDIC insured.
- free Visa debit card with zero maintenance cost;
- notifications and alerts about all account activities;
- the app is free to download;
- compatible with current Android versions.