Varo Bank

  • Bank Name:Varo Bank
  • Bank Class:National Bank - FED Member
  • Member FDIC:Certificate #59190
  • Routing Number:ACH & Wire - 124303201
  • Locations:1 Branch in Utah
  • Web Address:varomoney.com
Headquarters:11781 S Lone Peak Pkwy, Draper, Utah 84020

Varo Bank Information

Varo Bank was founded in August 2020 and is based in Draper, Utah. The bank operates as a subsidiary of Varo Money Inc.. According to the Federal Deposit Insurance Corporation records and based on the institution's charter type, Varo Bank is classified as a commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC). Varo Bank is a FDIC-insured bank with certificate number of 59190. The assigned Fed RSSD ID of Varo Bank is 5518023.

Varo Bank currently operates with 1 branch located in Utah. Varo Bank is the 56th largest bank in Utah. The bank does not have any offices outside Utah.

A routing number is a nine-digit code used to identify a financial institution. The bank has one routing number in our database and the routing number for Varo Bank is 124303201. This routing number is necessary to process ACH transfers, wire transactions, direct deposits, bill payments, and other monetary transfers within the US.

The full address of bank headquarters is 11781 S Lone Peak Pkwy, Draper, UT 84020. You can visit the official website of the bank at https://www.varomoney.com for more information and online banking service if available. For a comprehensive list of Varo Bank branches, including detailed information such as hours of operation, contact numbers, addresses, available services, and more, please narrow your search by selecting a location from the map or list below.

Map Of Branch Locations

Bank Offices In Utah

11781 S Lone Peak Pkwy, Draper 84020

History Of Varo Bank

Varo Bank, established on August 1, 2020, originally operated under the name Varo Bank, National Association. It was founded with the aim of providing a modern banking experience through its mobile-first approach. The institution received its national bank charter from the Office of the Comptroller of the Currency, making it one of the first all-digital banks in the United States. Varo Bank focuses on offering traditional banking services, such as checking and savings accounts, without the physical branches typical of conventional banks. This innovative model is designed to meet the needs of consumers seeking greater access to banking services and financial management tools through digital platforms.

Below is a list of some important events in bank's history, including mergers and acquisitions.

08-01-2020Institution established. Original name: Varo Bank, National Association.

Reviews & Complaints

Lynn Morgan (Lynnie)
Lynn Morgan (Lynnie) · 15 November 2024
Branch review: Head Office Branch

They're trying to hold my money for 12 days, for something I didn't order. They took all the money out of my account, they will not help you, I wanted to speak with someone in the United States. I am tired of talking to somebody across the pond. Oh, I have heard for the last four or five hours, two days I've worked on this is the same old thing same old script. Nobody else to talk to. I'm the only... Read more

Andrew
Andrew · 7 June 2024
Branch review: Head Office Branch

Terrible bank. Blocked my account for logging on Android browser. Crazy company. A class action lawsuit needs to get moving fast. Shut them down and make them give people's money back.... Read more

Keith Brooks
Keith Brooks · 19 February 2024
★★★★★ Branch review: Head Office Branch

Varo is great I've used them almost since they've been around and I have to say any problems I've had they've been right there and taken care of them. Also to note, the problems I had had nothing to do with Varo itself but outsider problems who had access to my account. I give them 5 stars on some real sh#$!... Read more

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Bank Rating & Reviews
2.1 / 5
  • Rating 2.13/

Bank rating displayed here is the average value for all Varo Bank branches. A total of 30 customers had cast their vote for 1 branch and in average, Varo Bank got a score of 2.1 out of 5 stars. The bank has 18 reviews or customer complaints filed.

Popular Branches
11781 S Lone Peak Pkwy, Draper, UT 84020
Newly Opened Branches

No new branches were opened in the last 12 months...

Closed Branches

No branches were closed in the last 12 months...

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