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Varo cash advance: what it really costs
Only for Varo Bank customers with qualifying deposits. A small line of credit: first advances of $20–$250, growing to $500, with a flat fee between $1.60 and $100 depending on the amount and your deposits. You get 30 days to repay.
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$100 today
flat fee, $1.60–$100 by amount; shown in the app
$100 by standard transfer
not stated
| Operated by | Varo Bank, N.A. (partner bank: Varo is itself a bank) |
|---|---|
| Advance limits | up to $500 |
| Monthly membership | $0 |
| Instant transfer fee | No separate speed fee; the flat advance fee ($1.60–$100 depending on the amount and your deposits) is the cost. Varo doesn't publish the fee for each amount; it shows in the app. |
| Standard transfer | Instant into your Varo account |
| Tips | None |
| Repayment | Within 30 days; you choose when |
| If a repayment fails | Not stated on the pages we could read |
| Who qualifies | Qualifying direct deposits into Varo; Varo checks consumer reports and account activity |
| Banks that don't work | none stated |
| Credit check | Consumer reports are checked; "no impact to credit score upon signup" |
| Not offered in | no exclusions stated |
| How to cancel | No membership |
| App ratings | iPhone 4.9 (234k ratings) |
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