America's first all-digital bank
Varo Money is a mobile-first platform on its way to becoming the first all-digital bank in the US with a national bank charter. The company is led by a mission-focused team and social impact is embedded in the company’s founding principles and business model. Varo’s mobile-first structure, with no physical branches, keeps costs low and allows Varo to operate without requiring monthly minimum balances or overdraft fees. The company has received preliminary approval from the US government for a bank charter, which will provide the highest standards of consumer protection and allow the company to offer a broad array of integrated products nationwide, including CDs, IRAs, credit cards, and home equity loans.