Varo receives national bank charter

Monday 3 August 2020 10:59 CET | News

Fintech Varo has received a national bank charter from the US government. 

The feat lets the company offer a range of services backed by the Federal Deposit Insurance Corp. It will allow Varo to expand its services, letting customers access credit and cash-flow management.

Varo, which launched in 2015, provides no-fee checking and savings accounts with no overdraft fees through its mobile app.

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Keywords: Varo, fintech, national charter, fintech, US, Federal Deposit Insurance Corp, mobile app
Categories: Banking & Fintech
Countries: United States
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Banking & Fintech

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