Varo Bank: Online Banking

Varo isn’t just an online banking app. We are a real bank, built for the digital age. Free online banking, early payday³, high yield savings⁷, credit score monitoring, easy credit building⁶, automatic cashbackᵟ, instant cash advances (once qualified)², & more. Quals apply. Fees apply to loans & out-of-network servicesᐞ. Member FDIC—mobile banking backed by the full faith & credit of the U.S. Government. FREE ONLINE BANKING • Early payday³ • No minimums or hidden feesᐞ • Free debit card • Free cash deposits at CVS®ᙾ and withdrawals at 40k+ Allpoint® ATMs⁴ • Free credit score monitoring • Automatic cashbackᵟ—no activation required or single-day windows • Mobile check deposit (quals apply)ᵟ • Digital wallet (select customers)ᵟ • Unlike many money apps, we’re a real bank INSTANT CASH ADVANCES • Borrow up to $250 today by linking a qualifying account² • Work up to $500 cash advances over time with direct deposit² • Cash advance funded directly into your online bank account • 30 days to repay (better than a payday advance) • One-time flat fee per cash advance • Automatic payments available for money advances⁸ PERSONAL LINE OF CREDIT • Unsecured personal line of credit from $600 to $2,000 (quals apply)⁵ • No interest, late fees, or penalties • Credit line with a simple flat fee • Affordable monthly payments • Personal loan funded instantly, once qualified • Money added to your online bank account • Payment periods between 3 & 12 months EASY CREDIT BUILDER • Free secured credit card for credit building⁶ • No credit check, interest, annual fees, or min security deposit • Build credit by only spending what you have⁹ • Automatic payments available via Safe Pay¹⁰ • Reported to Equifax, Experian, & TransUnion • Pre-existing credit scores saw a 40+ point increase on avg after 3 months of on-time payments¹¹ • 90% of users with no credit score had a score after one month¹² • Quals: Must have an active Varo Bank Account in good standing & incoming deposits of $200 or more in the past 31 days. HIGH YIELD SAVINGS • Up to 5.00% annual percentage yield on first $5,000, quals apply⁷ • 2.50% APY on additional balances • Auto-saving tools SEND MONEY • Use recipient’s phone number or email address, even if they aren’t a Varo customer • Fast, secure, & free! DOWNLOAD NOW! • Sign up for an online bank account in less than two minutes with no impact on your credit — Disclosures ©2025 Varo Bank, N.A. All Rights Reserved. Member FDIC 1-7 See disclosures in final app screenshot above ⁸ Set up an automatic payment to your Varo Advance Account on any date you choose between 15 and 30 days from the day you get your Advance ⁹ Your spending limit can’t exceed your available to spend balance in your Varo Believe Secured Account, up to $2,500 per day for purchases or $1,000 a day for cash advances, totaling no more than $10,000 total per billing cycle ¹⁰ By enrolling in Safe Pay, you authorize Varo Bank to auto pay your Varo Believe Card balance in full at the end of your billing cycle from funds in your Varo Believe Secured Account, before your actual due date. If the amount owed is more than your Secured Account balance your payment will not be made. You will have twenty-one (21) days to deposit additional funds to make your payment on time. ¹¹ As of November 18, 2024, customers who had an existing VantageScore® 3.0 credit score showed an average increase of approximately 40 points after three months using Varo Believe and on time payments. Individual results may vary, and some customers may not see a score increase ¹² As of November 14, 2024. Data based on comparison between VantageScore® 3.0 score from the initial pull after Believe card activation and the VantageScore® 3.0 score pulled after one month of reporting Believe Card activity. Individual results may vary ᐞ A full list of Varo fees can be found at www.varomoney.com/varo-fees ᙾ See “Free Cash Deposits at CVS®” screenshot above ᵟ Additional information: www.varomoney.com/disclosures/