Varo Advance offers instant access to up to USD 100 cash right in the Varo Bank app, according to the official press release. With a fixed, transparent cost structure, Varo Advance provides an advance of up to USD 20 for free, with a maximum charge of USD 5 for a USD 100 advance. Customers choose when they would like to repay within a 30-day window.
Varo Advance will be fully integrated into Varo Bank accounts. Once they meet approval criteria, customers can access it right in the Varo app, without needing a credit check. Varo Advance can be used immediately, anywhere for any unexpected expense.
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