Contents
The Offer
No direct link to offer, sent out via e-mail.
- Varo Bank is offering a bonus of up to $300 for existing customers when they receive a direct deposit.
- For the next three months we’ll match a portion of your paycheck at Varo! Unlock this offer when you receive $1,000+ in qualifying direct deposits within a single calendar month by 8/31/2024.
- Get a $50 match your first qualifying month. Increase your match by $50 every consecutive month you qualify
Our Verdict
So I guess it’s $50 month one, $100 month two and $150 month three? Great deal if targeted. You can see what has triggered the direct deposit requirement in the past here.
Hat tip to carlzjr
I was targeted for the $600 max bonus, at $100 per month. I received my 5th $100 bonus on December 2nd.
Received the targeted $300 max bonus. DPs below. Account was close to $0 for a year or two
I did the $50, $$100, $150 variety and they paid the $50 and $100 however the third payment was $100 instead of $150. The people at the chat say they do not have bonus greater than $100 even though I had clearly seen it on the perks page. Now the perks page has disappeared. Still got paid but the they shorted the last $50
There were different offers, I think, but my terms said there was a max bonus of $100 for three months. They were not the same terms in the DOC post above.
I know some people got six months terms.
The percentage on my bonus changed each month, 5%-10%-15%, so I changed my DD to match the max $100 bonus each month.
I got the last $100 the other day
Varo came through for me again with another $100 bonus on 11/02. That’s my 4th monthly bonus. I have 2 more to go.
My first two bubbles filled in on the tracker but the third did not. Offer no longer shown in Perks. Chatted today and the rep said the deposits were not registering (even though the first two did) but would escalate and fix this within 30 days.
I received my third $100 bonus on 10/2 using Wise! I have 3 more months to go.
Targeted offer for the $300, so 5%, 10%, 15% set of 3 bubbles on the bonus tracker. I’ve used a combo of true dd and Chase Biz. It seems to count the Chase Biz as payroll.
Sept 9 – $100 promo reward
Oct 9 – $100 promo reward
This doesn’t make sense to me because how are 5% and 10% equal the same $100 promo reward when I’ve had 3k plus direct deposited each time? I know some people had a $100 per month times 3 months promo, but mine was the 5%, 10%, 15%.
Whatever…I’ll take the VARO $$.
I’ve already explained this to you once before.
11/2 – $100 promo reward
I had the $300 over 3 months promo,.so I’m jealous of you all that got the $600 deal.
Wise.com works as DD but doesnt show under the tracker but if you go under “borrowing power” itll show how many deposits you did that month that qualified. I got $50 last month and $100 this month. Fidelity CMA did not work.
To anybody who saved the full terms and condition of this offer, does the offer say anything if we have to keep the money in the account for a certain amount of time?
Update: Nevermind. I found the offer under ‘perks tab’ in the app.
Got my second monthly $100 bonus, this one for September.
I have been doing a push from Discover Savings.
Got my first $50, then $100 a couple days ago, now the last $150 left to go
Push from Chase Payroll.
I am really kicking myself so hard in the head because i actually was targeted for a $600 offer back in early Summer, but i wasn’t paying attention because i had a lot of stuff to do and i must have just not noticed it at all. Unfortunate, but it is what it is!
They paid me $100 for the third not $150 saying that there is no bonus greater than $100