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
2/14/25 – Transfer from Sequence.io does not work as a direct deposit.
I received my 6th and final $100 bonus on January 2nd. I hope Varo plans to offer this bonus again in the near future.
P1 existing account in-app targeted $600 offer (1% DD match increasing by 1% each month for 6 months)
7/3 – $10,000 DD via Wise w/ Payroll reference
7/4 – $100 bonus 1 posted
8/1 – $5,000 DD via Wise w/ Payroll reference
9/9 – $100 bonus 2 posted
9/10 – $3,334 DD via Bluevine w/ Payroll memo
10/2 – $2,500 DD via Bluevine w/ Payroll memo
10/3 – $100 bonus 3 posted
11/2 – $100 bonus 4 posted
11/4 – $2,000 DD via Bluevine w/ Payroll memo
12/2 – $100 bonus 5 posted
12/3 – $1,667 DD via Bluevine w/ Payroll memo
1/2 – $100 bonus 6 posted
P2 existing account in-app targeted $600 offer (5% DD match increasing by 5% each month for 3 months)
7/3 – $4,000 DD via Wise w/ Payroll reference
7/4 – $200 bonus 1 posted
8/1 – $2,000 DD via Wise w/ Payroll reference
9/9 – $200 bonus 2 posted
9/9 – $1,334 DD via Bluevine w/ Payroll memo
10/3 – $200 bonus 3 posted
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.