Posted by William Charles on February 21, 2019
Bank Account Bonuses

Published on February 21st, 2019 | by William Charles

45

Varo Money (Online Bank Account) – $50 Sign Up Bonus (iOS & Android)

Varo Money is banning users for sharing referrals.

Offer at a glance

  • Maximum bonus amount: $50
  • Availability: Nationwide
  • Direct deposit required: Yes, $250+ within first 45 days
  • Additional requirements: Use a referral, must be e-mailed to you and you must use the same e-mail address to sign up
  • Hard/soft pull: Soft pull
  • ChexSystems: No
  • Credit card funding: Unknown
  • Monthly fees: None
  • Early account termination fee: None
  • Household limit: None
  • Expiration date: March 31st, 2019

The Offer

No direct link to offer, requires a referral.

  • Varo Money is offering a bonus of $50 when you open a new account and complete the following requirements:
    • Receive a direct deposit of $250 or more within the first 45 days

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about

Early Account Termination Fee

There is no early account termination fee.

Our Verdict

Previously they offered a $100 bonus with the exact same requirements. Personally I’d wait for such an offer to return (did anybody get an offer for $100? Last time most people only had offers for $50 but a few people had $100 offers) as this offer is obviously much weaker. I won’t be adding this to our best bonus page, as a much better offer was recently offered. I’m really only posting this so people know that that better offer was previously available and so people stop e-mailing me about this deal.  As always please share your experiences and data points in the comments. Referral information is NOT to be shared in the comments, share that in this linked post instead.



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MoreSun
MoreSun

My offer is only $50

William Charles this email specifically said “share your link” and includes shortcuts to various platforms in order to do so. The person referring does not need to email it. Instead the referee is instructed to type in their email address when they click your link “your friend thinks you’ll love it, enter your email”

MoreSun
MoreSun

PLEASE remember to use a spam type email if you post email addresses over in the referral thread folks! I definitely got spammed last time with unrelated crap offers by lowlifes and people who emailed everybody whose email they saw regardless of if they followed up with a message they already had a link.

CT
CT

I got the $50 referral email

gene
gene

can this be done on a pc or only a smartphone? Thanks

CT
CT

You got to download the app on a smartphone either ios or android.

DeeJ
DeeJ

Hoping we can post referrals here.

[referral removed because DeeJ can’t read]
Please remove if not allowed

Cn
Cn

What people use for direct deposit last time?

Sam
Sam

Schwab brokerage ACH

TN Churner
TN Churner

Ally worked for me and a friend.

Beefer
Beefer

Varo has just disabled my account because my phone is “jailbroken”.

They sent me a personal email requesting verification of DL…fine whatever.

Then they told me that my phone is jailbroken and asked me why I did that. I told them that it’s not jailbroken and they just stopped responding to my emails and are keeping my account locked.

Going to CFPB soon.

Beefer
Beefer

Account reinstated after 5 days

Adam Ross
Adam Ross

Good Morning,

If you would like to use my link, email me: [follow the rules]

TimF
TimF

Can you not read the post??????

Charlie
Charlie

I can’t seem to post my referral link in the referral post. Any idea why? Been trying since last night and there’s no ‘Comment awaiting moderation’ note

Chuck
Orin
Orin

William Charles any time limit between bonuses?

Hongbo Miao

I opened the account on 12/12/18. My company paycheck direct deposit was received by Varo on 12/14/18. Today is 2/22/19 which has been over 2 months. Haven’t got the sign up bonus yet. Sent the email to help@varomoney.com on 2/17/19. Also didn’t get any response. The company looks like a good startup. I guess maybe because they do not have enough people right now. Will keep waiting for their response.

LC
LC

the most amazing thing about this is you actually did real DD and didnt get it… like 99% of people here did their normal bank account (ally) or something similar and got it same day… sorry you got so unlucky!

Hongbo Miao

UPDATE: Got email reply today and bonus. Thanks for Varo team : )

LC
LC

glad you got it.

Steven
Steven
Karsinogen
Karsinogen

They were deleted since Varo is being dumb and banning people who share their links on blogs.

PH
PH
Gaurav
Gaurav

Wondering why Varo Money is so popular. Is it just because of the referral? Account opening bonus isn’t too strong.

Leosc
Leosc

Data Point: Pushed $251 Navy Federal CU ACH, no bonus. :(. People got their bonus on the same day?
Have anyone tried Wells Fargo or Capital One?

Gerry
Gerry

Hi Leosc Any luck yet? I just pushed with Capital One ACH and it went through yesterday. No bonus though.

Leosc

NFCU deposit didn’t trigger
Deposit from my employer worked!

Bonus should post the same day or next day.
If you didn’t see it, your method didn’t work

Kaung
Kaung

Haven’t seen many positive or negative DPs for this one. Schwab Brokerage push did not count for P2 as it has in the past. Will have to set up real DD, and report back.

Gerry
Gerry

I used Discover ACH and it worked. Received bonus today.

Gerry
Gerry

I just sent them an email to close my account today (already withdrew money). They already processed it and no longer have an account with them.

Chad Lei
Chad Lei

no fees whatsoever?

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