Update 1/16/26: Referral bonus increased to $100. Blast from the past, we last posted this in 2019 so things might have changed significantly. Important reminder, do not share your referrals because Varo money will ban you. I don’t actually see the terms that were there before:
“Eligibility is based on individual Members inviting only personal friends, family, and known acquaintances. Attempts to generate referral activity by posting a Member’s unique link on third party social media, blog, or other similar websites can result in termination of Member eligibility.”
So it’s possible they don’t care anymore but we will still not be allowing referrals in the comments below.
Offer at a glance
- Maximum bonus amount: $100
- Availability: Nationwide
- Direct deposit required: Yes, $500+ 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:
June 30th, 2019 September 30, 2019December 31st, 2019
The Offer
No direct link to offer, requires a referral.
- Varo Money is offering a bonus of $100
$75when you open a new account and complete the following requirements:- Receive a direct deposit of $500
$200$250or more within the first 45 days
- Receive a direct deposit of $500
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
Bonus seems OK if you can find a friend or family member that will give you a referral. Remember they don’t allow sharing referrals and have shut down accounts for doing it.
Hat tip to reader Matt A
