Features, Benefits and How it Works
Varo is a pioneering neobank in the U.S., notable for being the first digital-only bank to secure a national banking charter in 2020.
Established in 2015, Varo was designed with the mission to make premium banking services accessible to a broader audience, particularly aiming to reduce financial stress for underserved populations.
Despite facing challenges in terms of profitability, Varo’s national charter positions it as a more regulated and trustworthy alternative to many fintechs, making it an appealing option in today’s digital banking landscape
Go to Varo
Founded: 2015
Headquarters: San Francisco, USA
Users: +7 million
Countries available: United States
Account plans: savings and checkings accounts for personal users
