Varo Bank · U.S. checking accounts

Varo Bank Account

A mobile bank account with no monthly account fee or minimum opening deposit. For newcomers who are not U.S. citizens, Varo requires permanent resident status and a physical address in the 50 states or Washington, D.C.

Pros

No monthly account fee
No minimum opening deposit

Cons

Noncitizens must be U.S. permanent residents
Joint, secondary card and business accounts are not supported

Generated from the provider's published terms and reviewed against official sources.

Costs and key facts

Recurring fee	0 (currency not confirmed)
Minimum opening deposit	0 (currency not confirmed)
SSN requirement	Conditional
ITIN accepted	Not confirmed
Credit check	NotStated

Eligibility and application requirements

U.S. address: Required

Residency and other conditions: Applicants must be U.S. citizens or permanent residents, age 18 or older, and reside at a physical address in the 50 states or D.C. Varo may request an SSN and identity documents for verification. Only individually owned accounts are supported. Reviewed 2026-10-12. Official source: https://support.varomoney.com/hc/en-us/articles/21993195012628-Applying-for-a-Varo-Bank-Account

Geographic restrictions: Available to eligible applicants residing at physical addresses in the 50 U.S. states and Washington, D.C.

Product review: 17 Oct 2026. Source retrieval dates below are separate from editorial verification. An accepted ITIN does not establish residency eligibility.

Compare u.s. checking accounts requirements and costs · How we assess published requirements

Service fees

Overdraft / returned item	0 (currency not confirmed)
Outgoing domestic wire	Not confirmed
Incoming wire	Not confirmed
Outgoing instant transfer	Not confirmed
Incoming instant transfer	Not confirmed
Global remittance	Not confirmed
Allpoint ATM	0 (currency not confirmed)
Other ATMs	$3.50 per withdrawal at outside-network or international ATMs, plus possible operator fees. U.S./Puerto Rico Allpoint withdrawals are free. OTC cash withdrawal costs $2.50.
Cash deposit	Free at eligible stand-alone CVS cashier locations; excludes CVS in hospitals, military bases and Target. Other Green Dot retailers may charge up to $5.95 per transaction; Varo charges no cash-deposit fee.