With Varo Advance, qualifying Varo clients can immediately get as much as a $100 advance loan to greatly help extend a paycheck
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Oct 16, 2020, 09:00 ET
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Made to help customers proactively handle their funds, Varo Advance provides access that is instant as much as $100 money right when you look at the Varo Bank app.* No hidden fees, and no instant access fees – Varo Advance provides an advance of up to $20 for free, with a maximum charge of $5 for a $100 advance with a fixed, transparent cost structure – no tips. Clients choose if they want to repay within a window that is 30-day. A seamless, proactive way to access extra money to help stretch their paycheck, without needing to overdraft their account unlike similar programs, Varo Advance offers customers.
“Our No Fee Overdraft system ended up being a huge success, saving Varo clients more than $100 million bucks in its very first 12 months. Varo clients asked for a far more proactive solution that offered greater control of their funds, as opposed to being obligated to go fully into the red to gain access to extra money,” stated Colin Walsh , creator and CEO of Varo Bank. “Varo Advance is made to satisfy the temporary credit requirements of an incredible number of Us citizens, and it also continues our dedication to offer clients the strongest feasible foundation due to their monetary success, with immediate access and low, clear prices.”