We’re a team of engineers, money nerds, do-gooders, reformed bankers, and creative folks all committed to improving people’s lives through better banking.
We have no monthly fees or minimum balance, and we offer No Fee Overdraft to customers who qualify (see requirements). Our savings rates have real impact and you can save money automatically, all on your phone.
We believe everyone deserves to be treated with respect. And that net worth does not equal self worth.
We believe your bank should be in your corner. And should never make money by taking advantage of you.
We believe your bank should help you make progress. And be totally transparent.
Here’s a quick look at how our referral program works. See full terms and conditions below.*
Where can I find my unique referral link?
If you’re eligible for the referral program, find your unique link in the email we sent, or in your app in Settings.
I got referred to Varo by a friend. How do I make sure we both get our bonuses?
First, register your email at the unique link your friend gave you and open a Varo Bank Account by March 31, 2020. Then, receive a qualifying direct deposit of at least $200 into your Varo Bank Account within 45 days of opening.
What is a qualifying direct deposit?
A qualifying direct deposit must be at least $200 (two or more that add up to $200 do not qualify) of Referee’s payroll, pension or government benefits (such as Social Security) from their employer or the government. Transfers from external accounts or peer-to-peer payments (such as PayPal, Square, Venmo, Apple Pay, Cash App or similar services) do not qualify. The direct deposit must post to the Varo Bank Account within 45 days of opening.
What if I got a referral from my friend but I already have a Varo account?
Unfortunately, you wouldn’t be eligible for a bonus because you already have an account.
Can I refer a friend who has an Android?
You bet! You can refer friends who use iOS or Android.
When will my referring friend and I get our bonuses?
Cha ching! You’ll both get your bonuses within 1 week of the first qualifying direct deposit posting to the referred friend’s Varo Bank Account.
How many friends can I refer? How much can I earn in Referral Bonuses?"
You can refer as many friends as you like! However, you can only earn an all-time maximum of $500 in Referral Bonuses. If you used a referral link and received a referral bonus when joining Varo, that payment counts towards the $500 Program lifetime payment limit.
Is every Varo customer part of the program?
Generally, the program is open to all Varo members. However, if we suspect that a member is abusing the program, for example, by posting their unique link on third party social media, blogs or other similar websites, we may terminate their eligibility. A member’s unique link is intended for personal friends and family only.
Can I refer myself for a second account if I have an existing Varo Bank Account?
No. You can’t open more than one Varo Bank Account per Social Security Number.
Many businesses introduce a referral system with the main goal of increasing the number of customers. For example, if you are joining a gym for the first time they might offer you a free month as a new customer if you refer a friend to that particular gym. In addition, the client (or 'affiliate') might also get an extra bonus, for example a trial week.
As you can see, it's a 'win-win' situation for both parties; one is getting a free month and the other one a trial week. What happens, in reality, is that often, you can't invite a friend, because you don't have any friends interested in this particular referral business. Moreover, companies regularly offer better services or lower prices to affiliates who bring them referrals. And of course you want to take advantage of all these additional benefits.
What if you can actually do something about it? Wouldn't it be great if you could find a place where people like you share referrals? The good news is that there is already a platform that solves these problems.
Share Referrals is a website that lets people post referrals so those who are looking to be referred can find them in just a few easy steps. Both parties benefit and the process is quick and seamless. You don't even need to register an account, just fill in the form, and you are ready to go. The site is used by millions of people so you can be sure to obtain the bonus associated with the 'Refer a friend service' in a very short time
Furthermore, if you know that you will get something for free not only as a new customer, but also if a friend recommended you to that business, wouldn't you ask your friends if they are already customers of that business? At Share Referrals you can view referrals from other people, and it is highly likely that there is someone who posted about the same business that you are looking for. If you can get any additional benefits or bonuses from the Refer a Friend service, but you don't have a close friend who is interested in that particular service, just go to the Share Referrals website and you will surely find what you are looking for.