Varo Bank lunches new product

Monday 19 October 2020 16:26 CET | News

Varo Bank, a digital only US-based national bank, has launched Varo Advance, a product that instantly advances up to USD 100 to qualifying customers to provide control over their finances.

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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Keywords: Varo Bank, online banking, mobile banking, banking app, Varo Advance, US
Categories: Banking & Fintech
Countries: United States
This article is part of category

Banking & Fintech