Posted by William Charles on October 13, 2019
Bank Account Bonuses

Published on October 13th, 2019 | by William Charles

343

Varo Money (Online Bank Account) – $100 Sign Up Bonus (iOS & Android) – Sharing Referrals Still A Nono

Update 10/13/19: Bonus has been extended until December 31st, 2019

Update 7/3/19: Bonus increased to $100 for referrer and $100 for new member. Direct deposit requirement lowered from $250 to $200. Updated details below. Do not leave your referral or leave your email or ask for a referral in the comments.

Important reminder, do not share your referrals because Varo money will ban you. “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.”

Offer at a glance

  • Maximum bonus amount: $100
  • Availability: Nationwide
  • Direct deposit required: Yes, $200+ 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, 2019 December 31st, 2019

The Offer

No direct link to offer, requires a referral.

  • Varo Money is offering a bonus of $100 $75 when you open a new account and complete the following requirements:
    • Receive a direct deposit of $200 $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. Because of that I wouldn’t recommend doing this deal. I’d also recommend not doing it as they ban sharing referrals.

Hat tip to reader Matt A



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Al
Al

So how does one actually get this offer? Signup for an account with no bonus and refer p2?

Gadget

No, signup from a friend who has a link, and then sign up P2.

Al
Al

I guess what i’m saying is I don’t have a friend that has a link… so one of my “friends” would have to signup without a bonus

Gadget

Al I guess my hints are too subtle. [removed less subtle hints]

JuicyJosh
JuicyJosh

Fancy lil thing ya got there Gadget . Missed opportunity JuicyJosh

Gadget

JuicyJosh Yeah, but I am going to take down the Varo link now. People can e-mail me as my e-mail address is listed on that fancy thing. I don’t want to get too many referrals too quick, but that e-mail address is not tied to my Varo account.

Gadget

Noted. You can delete it now. Thank you for the warning.

Hari
Hari

do we need a P2? we can signup directly using friend’s link right? Won;t that work 🙁

britchurner
britchurner

Yes, that will work.

Gadget

No, you don’t need a P2. Yes, Hari, that would work. I think Al was trying to figure out a way to get at least one $75 bonus, guaranteed, if you don’t have “friends” with Varo links.

Hari
Hari

We both have the same name. Does that make us friend? Share your mail ID here my BF!

Hari
Hari

ha ha.. pls anyone refer me.. [removed]

Gow
Gow

email me for a referal link.
[removed]

Gow
Gow

send an email for referral link
[removed]

Joe L
Joe L

Email me at [removed] for a referral.

JuicyJosh
JuicyJosh

@Varo, check this against your database.

William Charles

Orin
Orin

Can’t we make personal friends here?

Gadget

Orin Friends are not-so-hard to come-by online. Just watch out for weirdos, esp. JuicyJosh

Dirty Sanchez
Dirty Sanchez

Hey Gadget – Looking to make a personal friend who happens to have a Varo account. If that’s you…email me at TakeMoneyFromVaro@gmail.com

Travis
Travis

Nevermind…found what I was looking for after clicking on you!

Betelgeuse
Betelgeuse

What’s wrong with juicyjosh?

Gadget

Betelgeuse I was joking… We are best buddies. Then again, JuicyJosh referred me for only $50 though… LoL

Orin
Orin

I found a personal friend on Reddit.

Jack - NJ
Jack - NJ

There should be an easy way around the referral sharing issue. If people interested in a referral comment with their email address so a Varo user can share their link, and then open the account with a different email. Don’t think it’s too complicated.

JuicyJosh
JuicyJosh

Varo would probably be crazy enough to screen the new customers email to check for a match. Maybe use a fake email or Reddit name. Lol.

USam
USam

Need to sign up with the same email address as referred.

JuicyJosh
JuicyJosh

Use a fake email to communicate the email address to be referred. Or some other form of discrete communication. Here is my reddit name in Morse code.
r/ -.. ..- ..- ..- ..- ..- ..- …- .- .-..

Brian C
Brian C

im upvoting for the humor only. lol

Gadget

JuicyJosh I think what Jack - NJ was saying was:

1. People that have referrals could give out/post their non-Varo linked e-mail, Reddit name, Match.com username.
2. People that want to be referred, they contact their pick on the list.
3. That person replies with the link.

There is another scenario where this works too, if at step 2, the person provides the e-mail address they will use for the account and the referrer enters it using the referral link.

Gadget

For the record, I didn’t say people should do this. Not sure if William Charles wants to allow that… But I see it’s taking place.

Dan - Legal Bank Robber
Dan - Legal Bank Robber

This old thread is making me lol

Gadget 🕵️

Glad to be of service!

TV
TV

How do you refer? I do not see any option on my account.

Jack - NJ
Jack - NJ

Should be included in the email

Gadget

In the Android app, tap “Settings” gear icon, and you should see a present icon & “Invite Friends”. Tap that and you should have a link. App shows updated $75 bonus information for me.

TV
TV

I got no icon and no option to invite friends.

Gadget

From FAQ: “If you’re eligible for the referral program, find your unique link in the email we sent, or in your app on the Dashboard screen if you have an iPhone. On Android, you can find your link in Settings > Invite Friends.”

rich
rich

i would love to sign up for an account, if you already have one please message me. [removed] without the spaces at googles email. Thank You!

Gadget

Undercover Varo employee… I sent you my info. Thanks Friend!

Anonymous124
Anonymous124

.

Tim
Tim

If anybody wants a referral, email me at [removed] and I’ll shoot a referral your way.

Tim
Tim

I do not have any more, please look for other referrals, thanks.

lei
lei

I thought you will ban this bank from your website too…

Britchurner
Britchurner

I have 7 referrals available if anyone needs- contact me at:

[removed]

Gow
Gow

I have referrals available. Just send email to [removed]

Gerry
Gerry

If I already got one from them and closed the account, could i get another?

Krista
Krista

There’s nothing in the terms that say you can’t, you can be the DP to help the rest of us out.

Orin
Orin

Works. Closed four months ago. Just reopened and got both is again. DM me Reddit for more data or referral. Username Orin__ (that is two underscores)

Orin
Orin

Yes

max martori
max martori

I do not understand we here at DOC.com are all friends no?

Christopher
Christopher

I tried applying and got my application denied. I called in and they said the system auto denied me and they don’t have any more information. They recommended I look for a different bank.

Celeste
Celeste

me too 🙁 back in December.. did you ever try again to get it approved or re-apply? I’m thinking to maybe re-apply

Jason
Jason

declined spouse (couldn’t verify identify, which is BS), this also requires app running newer version of Android (8.0) than she has so had to try on my phone. Seems like the company is a waste of time if they are so anal to monitor internet sites for referral links and deny legit people. Applied without any referral, no other applications from HH.

Celeste
Celeste

Were you using a VPN at the time? I got declined and I’m wondering if it declined automatically because I was on VPN. I’m overseas right now so I figured it was better to use a VPN than not to.

Jason
Jason

No, normal US home internet connection in our case.

Anonymous166
Anonymous166

Any financial or otherwise regulated up the wazoo website is a bad place to use a vpn. You will get flagged so fast. I even disable certain browser blocking like device recognition when signing up in case of potential issues.

SamL
SamL

I have several referrals available if anyone needs contact me at:
[removed]

Jon
Jon

have referrals, email me: [removed]

Hari
Hari

I’m reaching out to help@varomoney.com for a referral. Who is with me? Spam them to either send a referral or let others share their link here.

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