Offer is now showing $100 in app, links still say $150. Report of people only getting $100. YMMV
Update 4/30/26: Extended to 5/31/2026.
Update 3/31/26: Extended until April 30, 2026
Update 3/17/26: Referral bonus increased to $150. The anti sharing language has been removed by Varo. Please do not share your referrals in the comments below. You can share them in this linked thread instead.
Offer at a glance
- Maximum bonus amount: $150
- Availability: Nationwide
- Direct deposit required: Yes, $500+ within first 45 days
- Additional requirements: Use a referral
- 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, 2019March 31, 2026
Contents
The Offer
No direct link to offer, requires a referral. Find a referral here.
- Varo Money is offering a bonus of $150 when you open a new account and complete the following requirements:
- Receive a direct deposit of $500 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.
Referral Bonus
This bonus requires using a referral link. Do not share your referrals in the comments below, they can be found and shared in this linked post. The person who refers you will also receive $150 so try to use a link from a reader that makes helpful comments.
You’re able to receive a total of 5 referral bonuses for a total of $750 currently. If the person referring has reached the 5 cap the person being referred will still receive the $150 bonus.
Our Verdict
Bonus is very good as the requires are easy to meet and you can potentially refer others. It’s nice that they have removed the anti sharing language and also increased the sign up bonus to $150 from $100. We will add this to our list of the best bank account bonuses.
Hat tip to reader Matt A
