is The Varo App a Scam

I’ve heard about the Varo about a few months back and got one of you guys here to remind me to do a video on it. So I did some research and came up with a review on this app and the company and what I think about it.

Key Questions Answered

1. Bank Account + High Yield Savings + 55,000 atms + Paid 2 days Early
2. Debit Card with Secutity: Not liable for Unathorized chargers
3. Founded in 2015: Has Raised more than 78M
4. Savings 2.12% and 2.8% with requirements to get that highest Yield (up to 50k)
5. Helps with budgeting by showing your bills and so on
6. Bad: Cash deposits usually have a fee if $5.95 (I do 10 deposits a week)
7. Bad: No checks ( but they do have online bill pay, which does the job 3-9 business days)
8. Save your pay and round up: let you save money automacticall from your salary or spending
9. | Get high yield must have 1k direct deposit and five purchases per month |
10. *alternative marcus by goldman sachs offering 2.25 yield on savings no requirements

Aggrement
4. right to set off: If your account has been negative they can take money from your savings
5. Legal Processes and affecting savings: if your wages get garnish vero gets first dibs
6. A "Qualifying Direct Deposit" is defined as a direct deposit by ACH transfer of payroll, pension, or government benefits from your employer or a government agency. The recipient's name associated with such deposits must match the name of the Varo Bank Account holder. ( you must gave a job to qulify for this or a pension)
8. Confidentialyty: they can diusclose to there affiliates, service profvidors

Ideas:
Imagine:

1-800-827-6526
Utah-based live customer support 7 days a week

Q.
1. fees
2. getting that high yield in savings ( how does it work)
3. Cash deposits fee on atm, do we have to pay atm fees or do you guys credit does fees back to our account
4. Checks
5. Round ups and save your pay
6. getting loans : what are the rates to consolidate or just borrow for a trip

*Pro Tip*
Information is key

*2 FREE AUDIOBOOKS*

ACORN FREE $5

Social Media~

Snapchat: tommy28fly

[mollymonk]

Dear Varo, Brooklyn deserves a raise! She is very professional!!

[TommyBryson]

I’ve heard about the Varo about a few months back and got one of you guys here to remind me to do a video on it. So I did some research and came up with a review on this app and the company and what I think about it.

Key Questions Answered

1. Bank Account + High Yield Savings + 55, 000 atms + Paid 2 days Early
2. Debit Card with Secutity: Not liable for Unathorized chargers
3. Founded in 2015: Has Raised more than 78M
4. Savings 2.12% and 2.8% with requirements to get that highest Yield (up to 50k)
5. Helps with budgeting by showing your bills and so on
6. Bad: Cash deposits usually have a fee if $5.95 (I do 10 deposits a week)
7. Bad: No checks ( but they do have online bill pay, which does the job 3-9 business days)
8. Save your pay and round up: let you save money automacticall from your salary or spending
9. | Get high yield must have 1k direct deposit and five purchases per month |
10. *alternative marcus by goldman sachs offering 2.25 yield on savings no requirements

Aggrement
4. right to set off: If your account has been negative they can take money from your savings
5. Legal Processes and affecting savings: if your wages get garnish vero gets first dibs
6. A "Qualifying Direct Deposit" is defined as a direct deposit by ACH transfer of payroll, pension, or government benefits from your employer or a government agency. The recipient's name associated with such deposits must match the name of the Varo Bank Account holder. ( you must gave a job to qulify for this or a pension)
8. Confidentialyty: they can diusclose to there affiliates, service profvidors



Ideas:
Imagine:


1-800-827-6526
Utah-based live customer support 7 days a week

Q.
1. fees
2. getting that high yield in savings ( how does it work)
3. Cash deposits fee on atm, do we have to pay atm fees or do you guys credit does fees back to our account
4. Checks
5. Round ups and save your pay
6. getting loans : what are the rates to consolidate or just borrow for a trip

*Pro Tip*
Information is key

[macrossk]

DO NOT BOTHER OPENING WITH VARO BANK ACCOUNT!!! The worst online bank account I have ever used. I have Chime, Sofi, and Varo. Varo closed my account for no reason at all. Got an email saying.. "decision was made in their intelligence collected from sophisticated external sources, supports our decision to part ways." What ever that means... I've heard and seen this happened to many people for no reason at all..Chime and Sofi is way to go.

[timothyteague]

Man this was the most in depth review I’ve seen on them. Thank you so much for the info. Gonna use em

[nealydown]

I left Chase Bank for varo because of the savings account.

[LUVLELEO]

I just downloaded and requested my card. So this video really helped me feel better about this account☺️. Just started a new job so I’m for sure going to do direct deposit👍🏾

[MrTsimpson]

Vero bank has left me stranded in Lakeland Florida for 2 days now. My deposit came in via my debit card last night at 830pm. Vero sent me a notice saying "suspicious fraud activity due to high deposit amount" that I needed to contact Vero back this is 837pm their customer service and security closes at 6pm Pacific time. I had no access to my account and its 937 am now and still no access. I live in McDonough Georgia 400 miles north. Wife and I are planning on moving to the Orlando area. I drove down Sunday night. My sister who lives in St Augustine is having test ran that could be life changing critical. I felt it was a good time to knock all birds out with the same stone. That was till varo started their bullshit. I called customer service 1st thing this morning and now they are saying that security has been escalated and it will be fixed as soon as THEY can. Meanwhile my sister doesn't have my support cause I'm stuck here. I've slept in my truck now for 2 days. With no access to money no food or neccessary items including fuel. And all that Varo customer service says is they are sorry for the inconvenience.

[josebaez]

After a well analyzed video on the company would it be safe to assume that you bank with Varo and have the app downloaded?

[passionrichards]

I have Varo but don’t use it because I was scared it was a scam. I had Varo for awhile now. You just encourage me to use it again. I have Varo, Suntrust, and Axos, Which one would you recommends for checking and banking? ( I hate suntrust so far)

[kimberlymiller]

I just signed up for the card and it's been great.. New feature to be able to deposit checks without a fee into my account is photo check deposit.

[xpiris]

I literally just want to use the bank for early direct deposit

[kiingwhite]

Tommy do you recommend this as a good savings account?

[taylorrich]

I appreciate the quality of information here. Great video.

[KoloradoKid]

When I called Varo I was on hold for 1 hour until a rep answered lol

[DashenBX]

In 2022, do you still feel the same way about Varo?

[dognatious]

Your video is brilliant. Subscribed. Great info. Love the call.

[DougzeeDiara]

Hey Tommy have you heard of Aspiration Bank and what do you think

[lashonsmiles]

Thanks for the review...My brother has this card and before I gat it I wanted to make sure it was not a scam...Thanks alot

[allenvilfort]

How long does it take for them to review my application it been 2 days

[angelachanelhuang]

it's not the best bank out there...I have delays on my paycheck