For a limited time, Varo Bank is offering a one-time referral bonus of $30 when you refer a friend to open an account and they spend $20. What's more? Your friend will also earn $30.
Don't have Varo? Get an account using the link below and start referring!
How To Earn The Bonus
The Varo Bank Account promotion requires you to make purchases using the account's card and use a referral link in order to earn the $30 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- An ATM or over-the-counter cash withdrawal or third-party transfers (such as through Cash App, Venmo, PayPal, or similar services) will not qualify as Qualifying Transactions.
- You cannot earn more than 5 Bonuses in a calendar year.
Open a Varo Bank Account before the bonus expires
How does this personal checking offer from Varo Bank compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
BMO
Smart Advantage Checking Account
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 44 days
- Requires
- Direct Deposit
TD Bank
Beyond Checking
- Bonus
- $300
- Account Type
- Personal Checking
- Expires In
- 130 days
- Requires
- Direct Deposit
Discover
Discover® Cashback Checking
- Bonus
- up to $360
- Account Type
- Personal Checking
- Expires In
- Limited Time
- Requires
- Card Spend
Why Varo Bank?
Varo Bank is a neobank that was founded in 2015. Originally starting out as a fintech company that partnered with The Bancorp Bank, Varo acquired its own national banking charter in 2020.
This means that while other digital banks rely on a chartered bank to provide their accounts and insurance, Varo is able to operate independently.
With more than one million customers nationwide, Varo is one of the largest neobanks in the US. They offer a free checking account, a high-yield savings account, and two specialty products: Varo Believe and Varo Advance.
Learn more in our Varo Bank review
Varo Bank Account
The Varo Bank account is a fee-free checking account that has no minimum balance requirements.
The account comes with a Varo Visa debit card enabled with contactless debit card purchases, or use your digital wallet whether you’re on iOS or Android.
There are no foreign transaction fees, and you can send money between other Varo accounts for free.
There’s no minimum deposit requirement to open a new account, so even if you’re starting from scratch, you can sign up.
Fees
Varo Bank Account does not charge a monthly maintenance fee.
Apply now for a Varo Bank Account to earn the $30 bonus offer
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