
Work Here?
Varo provides digital banking services including fee-free accounts, interest-free cash advances up to $500, and tools to help users increase their credit scores. Customers manage their money through a mobile app where they can set up direct deposits to receive paychecks two days early and use a dedicated credit-building card to improve their financial standing. Unlike many traditional banks and fintech competitors, Varo holds its own national bank charter and eliminates standard monthly maintenance or overdraft fees. The company's goal is to provide an accessible and affordable banking experience that helps everyday people improve their financial health.
Industries
Consumer Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Series G
Total Funding
$1.2B
Headquarters
San Francisco, California
Founded
2015
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Total Funding
$1.2B
Above
Industry Average
Funded Over
11 Rounds
Professional Development Budget
Varo Bank and Green Dot partner to turnKroger checkout lanes into cash deposit points. Varo Bank and Green Dot enable cash deposits at Kroger registers, turning retail lanes into vital financial hubs for digital banking customers. Curated by Financing Your Way from original reporting by Finextra - Lending. Summary is AI-assisted and editorially reviewed - see its editorial standards. This partnership between Varo Bank and Green Dot is a significant move for retailers looking to bridge the gap between physical cash and digital banking. By turning Kroger checkout lanes into cash deposit points, the initiative simplifies how customers move money into the digital ecosystem. For retailers and operators, this highlights a growing trend: the physical store is no longer just a place to buy goods. It is becoming a vital node in the financial services network. When customers can deposit cash at your register, it increases foot traffic and builds store loyalty. For the consumer financing industry, this is particularly relevant because it provides unbanked or underbanked shoppers with an easier way to fund digital accounts. Those accounts are often used to make payments on Buy Now, Pay Later (BNPL) plans or other consumer loans. If your customers deal heavily in cash, tools like this make it easier for them to qualify for and manage digital financing options. This move signals that the 'last mile' of banking is moving away from bank branches and directly into the retail environment. Retailers should keep an eye on these integrations as they can reduce friction for cash-heavy shoppers wanting to participate in the digital economy. Who else is covering this
Varo Bank expands fee-free in-store cash add capabilities nationwide. * Digital banking * 06.08.2026 05:44 am Varo Bank, N.A., the first all-digital, nationally chartered consumer bank in the U.S., recently announced the launch of fee-free digital cash add capabilities for Varo customers across more than 2,000 Kroger Family of store locations. Powered by Green Dot's embedded finance platform and money processing network, this expansion launched as a four-week pilot program (ending on August 18, 2026) supported by a comprehensive co-marketing campaign reaching both existing and prospective customers. Through this initiative, Varo customers can: * Add cash into their accounts fee-free at participating stores * Utilize Green Dot Network's barcode API scanning capability to generate a unique barcode within the Varo app, which a cashier scans to add the cash to their account * Save cash by not paying the $4.95 retail service fee.1 "Nobody should have to pay a fee just to deposit their own money," said Gavin Michael, chief executive officer at Varo Bank. "Now that Varo customers can add cash fee-free at stores nationwide, they can take care of their banking right in the grocery line. With this new offering, we are making it as simple as possible for our customers to manage their cash where they already shop." "Adding cash to your bank account should be as simple as buying groceries," said Renata Caine, senior vice president and general manager, embedded finance at Green Dot. "Our money processing technology brings Varo's fee-free digital cash add capabilities straight to checkout lanes nationwide, making everyday money management that much easier." The pilot builds on Varo's successful fee-free retail cash load network footprint and is designed to deepen consumer engagement. The fee-free cash barcode load feature is available now at customer service and checkout lanes across more than 2,000 participating Kroger Family of stores nationwide.
Varo Bank integrates Upside to drive debit card engagement and expand cash back benefits. The integration gives Varo customers access to personalized cash back offers on fuel, groceries, and dining April 6, 2026 WASHINGTON, D.C., April 6, 2026 - Upside, a leading digital marketplace dedicated to empowering individuals and businesses financially, today announced a strategic partnership with Varo Bank, the first nationally chartered all-digital consumer bank in the U.S. Through this integration, Upside's cash back offers will be available directly to Varo's customers via its banking app. "Helping customers make progress with their money is at the center of everything we build because Varo is a bank that puts more money into our customers' pockets when they need it," said Wajiha Ahmed, Head of Cashback and Engagement at Varo Bank. "Embedding Upside in the Varo app gives people a simple way to get more from their everyday purchases, with relevant offers in categories such as fuel, groceries and dining. It's a seamless way to deliver meaningful value without adding complexity." The partnership also expands how consumers discover Upside retail partners, introducing the marketplace to more customers through the Varo app. "Mobile banking partners like Varo are an important part of how we scale demand for the retailers we serve," said Chad Crutchfield, Head Of Strategic Partnerships at Upside. "By embedding Upside within banking apps, we increase card engagement for our partners and deliver new, incremental traffic to brick-and-mortar businesses." Varo joins a growing ecosystem of financial partners using Upside to connect cardholders with brick-and-mortar retailers in categories such as fuel, grocery, and restaurants. As distribution expands, the marketplace becomes more valuable for both retailers seeking efficient customer acquisition and consumers looking to get more from their everyday spending. Learn more about Upside's partnerships at upside.com/partnerships. ABOUT UPSIDE Upside is a digital marketplace that connects millions of consumers with brick-and-mortar retailers nationwide. Since 2016, Upside's personalized offers have empowered individuals to gain greater purchasing power for their essential needs while helping businesses achieve measurable profits. Billions of dollars in commerce run through the Upside platform annually, directly benefiting retailers, consumers, and sustainability initiatives. For more information, visit www.upside.com. ABOUT VARO BANK Varo Bank is the first nationally chartered all-digital consumer bank in the U.S., built from the ground up with a focus on the needs of everyday Americans. From credit building to savings to faster payments, Varo has a complete solution to help people make progress in their financial lives. Varo combines the capabilities and nimbleness of a technology company with the security and oversight of a regulated financial institution, enabling agile product design that provides technology-first solutions such as Varo Believe, a secured card to help build credit; Varo Advance, to help stretch hard-earned dollars between paychecks; and a high-yield savings account, offering one of the nation's highest APYs. Varo has been named as one of the Inc. 5000's 2025 fastest growth companies in the U.S., CNBC's 2023-2025 list of the World's Top Fintech Companies, one of Forbes' World's Best Banks, and Fast Company's Most Innovative Companies. For more information on Varo Advance, Varo Believe, and other offerings such as Perks, visit www.varomoney.com, like Varo Bank on Facebook, and follow Upside on Instagram, TikTok, and X @varobank. (C) 2026 Varo Bank, N.A. Member FDIC. Contact the press team. Reach out and its press team will be in touch Last possible date for an interview or receipt of content/image/etc.
How to make $500 fast: best banking & investment sign-up bonuses (2026 guide). If you are looking for a way to make $500 fast without a second job or a side hustle that takes months to scale, the secret is already in your pocket. In 2026, traditional and digital banks are fighting harder than ever for new users. To win you over, they are offering massive "Customer Acquisition" bonuses. At Hustle Plugged, hustleplugged has tested these platforms. You aren't just "earning points" - you are moving money you already have into accounts that pay you to be there. By stacking the right offers, you can easily clear $500 in 30 days. Quick requirements before you start. To claim these bonuses, you generally need the following: * A smartphone and a valid U.S. Social Security Number (SSN). * A small "seed" amount of money (usually $50-$500) to move between accounts. * The ability to receive a direct deposit (for the largest bonuses). 1. The "heavy hitters": Chime & Varo ($200 total). These two banks offer the highest "effort-to-reward" ratio. They are the foundation of your $500 goal. Chime - $100 sign-up bonus. Chime remains one of the most popular banking apps because of its simplicity. * The Deal: Receive a qualifying direct deposit of $200 or more within 45 days of opening your account. * The Reward: $100 instant credit. * Pro-Tip: Once you have the account, use the SpotMe feature. It allows you to overdraft up to $200 with no fees - a lifesaver if you're in a pinch before payday. Varo - $100 sign-up bonus. Varo is a direct competitor to Chime and offers a similar, high-value incentive. * The Deal: Spend $20 using your Varo debit card AND receive total direct deposits of $500 or more within the first 30 days. * The Reward: $100. * Why hustleplugged love it: Varo has no monthly fees and no minimum balance requirements, making it a "risk-free" way to grab an extra hundred bucks. 2. The "low deposit" Wins: SoFi & OnePay ($125 total). If you don't have a large direct deposit ready, these apps allow you to trigger bonuses with much smaller amounts of money. SoFi banking & Investing - $75 total. * The Banking Side ($25): Open a SoFi Checking & Savings account and deposit at least $50. You'll see a $25 bonus hit your account shortly after. * The Investing Side ($50): Fund a new active brokerage account with at least $10. SoFi will give you $50 in free stock. * Hustle Plugged Verdict: SoFi also offers a 4.60% APY on savings, which is significantly higher than big-name banks. It's a great place to park your $500 once you've earned it. OnePay - $50 "cash+" Bonus. OnePay is a newer addition to its directory, and their current promotion is one of the easiest to complete. * The Deal: Open an account and activate the "Cash+" feature. * The Reward: $50. * Note: This offer is time-sensitive (currently valid through mid-2026), so move quickly on this one. 3. The "wildcards": robinhood & Aven ($175+ variable). Robinhood - free stock (up to $200). Robinhood started the "free stock" trend, and they are still the most reliable at it. * The Deal: Link your bank account (you don't even have to trade!). * The Reward: One share of free stock valued between $5 and $200. * The Strategy: Most people get a stock worth $10-$15, but there is a legitimate chance to hit a "Big Tech" stock like Apple or Google worth much more. Aven advisor - $5 bonus. This is the "easiest five dollars in the world." * The Deal: Download the Aven app and link a valid bank account to check your "financial health" score. * The Reward: $5. * The Referral Bonus: Once you're in, you can "spin the wheel" for every friend you refer, earning anywhere from $1 to $100 per person. Use code JADE22234 to ensure the bonus triggers. Final expert Advice: don't get "clawed back" Banks offer these bonuses to gain long-term customers. If you open an account, take the $100, and close it the next day, they may "claw back" (charge you) for the bonus. Its Advice: Keep these accounts active for at least 90 days. Use the debit cards for small purchases (like a pack of gum) once a month to show the account is "active." After 90 days, you are free to move your money elsewhere! Ready to start? Head over to its Money Making Apps Directory to get the direct download links and current referral codes for all the apps mentioned above!
Pinwheel, a fintech specialising in account activation solutions, has launched its Switch Kit with Varo Bank, combining direct deposit switching with bill payment management. The solution emerged from beta testing throughout 2025 after Pinwheel announced development of its bill solution suite in late 2024. During a three-month pilot, 40% of Varo users who linked external accounts proceeded to switch at least one recurring bill, transitioning an average of two bills to their Varo account. Varo, the first nationally chartered all-digital US consumer bank, has used Pinwheel's deposit switch technology since 2021. The Switch Kit addresses consumers' primary concerns about switching banks: direct deposit transitions and missing critical payments. Varo reports that customers using Pinwheel maintain higher account balances and demonstrate greater engagement.
Find jobs on Simplify and start your career today
Industries
Consumer Software
Fintech
Financial Services
Company Size
201-500
Company Stage
Series G
Total Funding
$1.2B
Headquarters
San Francisco, California
Founded
2015
Find jobs on Simplify and start your career today