Varo Bank
apps.apple.comSummary
Varo Bank is an online banking platform that provides users with a checking account, debit card, and high-yield savings account. It also offers features like early direct deposit and peer-to-peer money transfers. Varo aims to provide accessible banking services with no hidden fees.
Features4/12
See allMust Have
3 of 5
Instant P2P Transfers
Prepaid Debit Card (Cash App Card)
Early Direct Deposit
Commission-Free Stock Trading
Bitcoin Trading
Other
1 of 7
High-Yield Savings
Fraud Monitoring & Security
Round-Up Savings
Pay Over Time (Afterpay)
Instant Discounts & Offers
Customizable Card Designs
ATM Access & Fee Reimbursement
Rationale
Varo Bank offers several features that align with Cash App's core functionalities. It provides a debit card, early direct deposit, and peer-to-peer money transfers ('Send Money to Anyone'). Additionally, it emphasizes high-yield savings accounts, which is similar to Cash App's savings feature. While it doesn't explicitly mention stock or Bitcoin trading, the presence of other key features suggests a partial overlap in functionality.
