Official app for Varo neobank users
Varo Money is a free finance application that is being offered by Varo Bank for mobile devices. It serves as the official app for the online banking services it provides. With it, users will be able to access and manage their bank accounts conveniently and at any time.
Similar to Capital One Mobile and HBL Mobile, Varo Money enables its users to use manage multiple accounts and cards from the convenience of their mobile devices. All transactions are also protected with 256-bit AES encryption to ensure that user data is kept safe.
How is the user experience?
Varo is an American mobile-only bank that is based in San Francisco, California. It is one of the few neobanks that currently operate completed online-based and branchless. It is recognized and registered as a full-fledged financial institution that developed all of its services internally. Varo Money is its premiere and official app for all of its users’ needs and can be accessed 24/7 from anywhere.
Varo Money offers free Varo to Varo transfers. You can send or receive money from fellow Varo users instantly. There are no monthly fees for checking or savings accounts, and you can avoid ATM fees by using any of its 55,000 in-network Allpoint ATMs. If you are in need of emergency cash and your account is qualified, you can use Varo Advance to get up to $100.
Varo has operated for some years now, but the lack of an online platform is still an issue and would have made it easier for users to access their accounts on PCs. If you want to deposit cash directly, you can only do so through third-party methods with their respective fees. Lastly, Varo Money is for existing users only. New accounts will use the new Varo Bank app.
Good and useful app
All in all, Varo Money is what you’ll need to rely on to manage your accounts, and it thankfully works as it should. Outside of physical cash-based transactions, you can pretty much use all of the services that the neobank has to offer. For new accounts, there’s the new Varo Bank application. For existing users, this app will serve them well.
