Deal has ended, view more bank account bonuses by clicking here.
Update 6/11/22: Back at $120 on Swagbucks and $126 on MyPoints.
Update 4/22/22: $120 deal is back again: 12,000 on Swagbucks (worth $120) or 20,000 on MyPoints (worth $126-$132). Swagbucks Link | MyPoints Link. Even higher on Upromise at $150.
Update 10/18/21: Offer has increased now to 12,000 on Swagbucks (worth $120) or 20,000 on MyPoints (worth $126-$132)
Offer at a glance
- Maximum bonus amount: $75
- Availability: Nationwide
- Direct deposit required: No
- Additional requirements: Deposit $25+
- Hard/soft pull: Soft pull
- ChexSystems: No
- Credit card funding: $100
- Monthly fees: None
- Early account termination fee: None
- Household limit: None
- Expiration date: None
Contents
The Offer
Available on Swagbucks
- Varo Money is offering a bonus of $75 when you open a new account and complete the following requirements:
- Deposit $25 or more
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
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
Nice thing about this bonus is no direct deposit is required. We’ve previously seen a bonus of $100 but that required a direct deposit and the standard bonus is $75 with direct deposit. I think this is probably a better deal for a lot of people and I will add it to the best bank account bonuses.
Hat tip to @AddingPennies & G
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
Can a separate link be added above for referrals like other banks have on DOC? As this offer is back on both Swagbucks and MyPoints. Pretty sure a double dip could be accomplished by using a referral link from people on this site. Chance to make an extra $30 that way
That’s odd. Have you ever opened a Varo account with either of those in the past? As that is the only time I notice that an offer does not show up for me. Try this: While logged in on SwagBucks click Activity in the points drop down upper right. On left side HOVER over Account and click Discover. Left side again and click All Offers. Middle screen under Most Popular choose SB max-min. Under Account upper right Log Out. Scroll down to Earn 70.00 and you should see Varo. Click Varo. Click Get 7000 SB. If you have the SwagButton on browser it will now allow you to sign up OR if you’ve done the offer it will say Offer Unavailable. I would think the same scenario would work on MyPoints too as the sites are similar.
Deal is back on MyPoints with 10,000 pts.
Can this bonus be churned?
Racoonzel
I don’t know
Sunshine
Churnbale through different portals, see my comment a few lines below: https://www.doctorofcredit.com/varo-money-75-sign-up-bonus-ios-android-direct-deposit-not-required/#comment-1397924
Sunshine 
Racoonzel
Anybody had the problem to redeem points for visa gift card from this promotion.
“Your order for Visa $100 Reward Card has been verified and is now processing.” I had this on 6/28/2022.
But I still did not receive the card. I contact the CSR for several rounds. There is still no slution.
Anybody have a screenshot of the mypoints offer page they can share?
I finally got my 12,000 SB points after some hassle
04/23 is when i opened acct, $25 Chase ACH hit by 05/01.
Waited 45 days , nada, waited a little longer, nada
Filled a support ticket on 6/15 with proof of Varo account opening, my name and the ACH transfer. They got back to me in like 10 days and give me some secure link where i had to take a selfie of my front face to verify my credentials.
Then got some e-mails from support and Authentic e-mails saying “Your 12,000 SB points are verified and on the way and will post to you account by 07/02. Which they did just now
Looks like these scumbag 3rd party website companies actually paid out after all, cause most of them generally never do since i have abysmal luck.
Things might be looking peachy and finally starting to go my way. Maybe I’ll purchase some lottery tickets later on today 😂
thanks for commenting, I finally got a reply from support and the rep is saying I needed to spend $25, Nah…that wasn’t part of the terms. SB does pay, but sometimes its a hassle
Can anyone remember what the outside of the Varo debit car2d envelope looked like in the mail? Did it say Varo on it? I’m overseas right now and have USPS informed delivery.. curious if the letter that says Varo on the front if the envelope is just a welcome letter or the actual debit card?
You will know. There is a big Varo on the envelope.
Janis
Signed up on 6/14, transferred $25 from WF, 12000 SB posted on 6/24
I signed up the account on 06/11, transferred 25 from Ally. I just saw 12000 pending on Swagbucks.
Gotta put a warning out there about MyPoints. Who wants to spend countless hours haggling over an offer that was tracked with screen shots on their own app.
On June 8, 2022, at 9:51 pm, I used the MyPoints iOS app to participate in this Varo offer. I took screen shots of each step so I could prove that I used the MyPoints app (not any third party software) and followed all rules for the transaction. The offer was for 20,000 points on the MyPoints system if I opened and funded a Varo account. I clicked through the offer link on the MyPoints app. At the top of the page when I clicked through, it said Varo 20,000 PTS in an orange banner. I immediately without any delay created my login (screen shot confirms this was at 9:53 pm the same day) and then immediately completed all other steps to open the Varo account. The screen shot from Varo also had the 20,000 points clearly visible in the banner upon entering my email.
The only other requirement to get the 20,000 points was to fund the account, which I did also immediately.
At the time I signed up, I used only the MyPoints app with no third party software, no VPN, and nothing else that could have blocked tracking. Indeed, the banners on the signup pages show that the offer WAS tracking for 20,000 points.
When I had met all the requirements of the offer and saw it was not “pending” at MyPoints, I contacted customer service. Since then, I have had the runaround from a fellow named Dominick. When he really doesn’t want to help, he sends an automated response demanding a government ID before he will help. (this is intrusive and should be unnecessary to get customer service – but in any event, his automated system will not accept my extended driver’s license – so at that point no more customer service occurs)
At one point, Dominick claimed the offer didn’t track, which is obviously false as the screen shots show it was tracking the whole time. He then put 12,000 points pending instead of the 20,000 promised. and has since stonewalled either with non responsive responses or automated robot responses. I have been unable to reach his supervisor.
Certainly it’s understandable for a merchant to refuse credit if a customer uses ad blocking or other software that inhibits tracking. but in this case, the offer was visibly tracking and was done entirely using MyPoints’ own app. if it supposedly “didn’t track,” the fault is entirely their own making this fraud and a bait and switch.
I’m not sure I’ll use MyPoints again. It’s no fun to do all this work to get an offer and then have this kind of bait and switch and stonewalling.
Swagbucks did the same to me, what other choose do we have but to apply with either of them we just have to take it, mine didn’t track either but I’m not sure how long I need to wait to file a claim since I only applied 10 days ago and no1 I’ve asked has responded on how long it takes to track.
I’ve now filed complaints with CFPB, BBB, and Varo. I don’t believe it “didn’t track” when it clearly showed that it tracked. I think part of these companies’ business model is not to pay out commissions on a lot of the tracked sales. Had one on Rakuten a week ago where it said cash back wasn’t awarded but yet they magically had the order number recorded on the site. how could they possibly have my order number if it didn’t track?
so I’m taking the suggestions others made here and going to make official complaints.
I have done this offer multiple times from different portals. They all had this language in the terms (or Top 3 Things to Know): Your award will not Pend. Allow 45 days for award to appear in your account. So unlike many other offers, you will not see the points pending. The portal will just post the points to your account one day. This has been the case for me in all my churns.
Round #4: closed my previous account in May, waited for about 5 weeks, applied through InboxDollars today for $100 reward, and was approved.
Peek
heh, thanks
ShawntheShawn . I’m up to about 4 weeks, I’ll try to open in another week or two. Good to know there’s a platform still offering a bonus.
Chime is not churnable. If your SSN has ever been associated with a Chime account, they will not open a new account for you. I heard you could call them to reactivate your old account. But I do not think that would earn points from portals.