Update 12/3/21: Referral bonus reduced to $50
Update 6/11/20: $75 bonus good through 6/30, fingers crossed the $100 bonus returns again.
Update 1/3/20: Bonus has been reduced to $75
Update 12/18/19: Varo has now sent out e-mails saying this won’t be extended again and might be the last time they ever offer $100.
Update 10/13/19: Bonus has been extended until December 31st, 2019
Update 7/3/19: Bonus increased to $100 for referrer and $100 for new member. Direct deposit requirement lowered from $250 to $200. Updated details below. Do not leave your referral or leave your email or ask for a referral in the comments.
Important reminder, do not share your referrals because Varo money will ban you. “Eligibility is based on individual Members inviting only personal friends, family, and known acquaintances. Attempts to generate referral activity by posting a Member’s unique link on third party social media, blog, or other similar websites can result in termination of Member eligibility.”
Offer at a glance
- Maximum bonus amount: $100
- Availability: Nationwide
- Direct deposit required: Yes, $200+ within first 45 days
- Additional requirements: Use a referral, must be e-mailed to you and you must use the same e-mail address to sign up
- 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, 2019December 31st, 2019
The Offer
No direct link to offer, requires a referral.
- Varo Money is offering a bonus of $100
$75when you open a new account and complete the following requirements:- Receive a direct deposit of $200
$250or more within the first 45 days
- Receive a direct deposit of $200
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
Previously they offered a $100 bonus with the exact same requirements. Because of that I wouldn’t recommend doing this deal. I’d also recommend not doing it as they ban sharing referrals.
Hat tip to reader Matt A
