Varo Bank

In collaboration with Morning Consult, our latest Wealth Watch Insights report sheds light on the impact of inflation on financially conscious consumers, revealing significant financial challenges amidst rising costs. Survey data has uncovered the following key points: • 89% of respondents are turning to credit cards for daily expenses due to inflation-induced strain. • Women are struggling more with bill payments, as 58% report challenges compared to 49% of men. • Gen Z is increasingly relying on credit cards, signaling financial burdens among the younger generation. Our CEO, Colin Walsh, emphasizes the crucial need for empowering financial products and services to help individuals navigate these economic challenges effectively. Walsh stresses the importance of understanding spending habits, credit, and leveraging high-interest savings. Explore the full report for comprehensive insights below: #Inflation #Credit #GenZ #FinTechNews #FinancialInsights

🚀 Exciting News! 🚀 We’re thrilled to unveil our latest offerings designed to ease financial burdens and empower Americans to take control of their finances. Introducing Varo Line of Credit, currently on a waitlist, and Smart Bank Account features! Varo Line of Credit will provide customers with the ability to borrow between $600 and $2,000 for unexpected expenses, along with transparent pricing and no hidden fees. Also recently launched, our Smart Bank Account features offer real-time spending insights, empowering users to track and manage their finances effortlessly. Together, these innovative additions underscore our commitment to helping Americans alleviate financial stress and improve their financial well-being. Stay tuned for more updates coming in Q2 2024! For more information, read the full press release here. #VaroBank #FintechNews #SmartBanking #VaroLineofCredit

This week, Varo's Women@Varo Employee Resource Group hosted a dynamic event for International Women’s Day 2024 across multiple Varo sites, centered on #InspireInclusion. The event featured prominent female leaders in a fireside chat, showcasing Board Member, Caryl Athanasiu, in a conversation moderated by Chief People Officer, May O'Neal, SHRM-SCP, SPHR, and a compelling keynote speech by Monica Stevens of Spencer Stuart. The event was designed to spark dialogue on fostering inclusion among colleagues and championing women's empowerment to collectively forge a more inclusive world. Special acknowledgments to Marina Gracias, Varo’s General Counsel and our Women@Varo ERG Executive Sponsor, Amie Seymour, Varo’s Chief Operational Risk Officer and our IWD Chair, and site leaders Isabel Magdaleno, Alexa Hubert, and Alissa Friedman (Mroz), along with Dave Urrutia, for their contributions to this important discussion, along with closing remarks and unwavering support from our CEO, Colin Walsh! _________________ Click through for photos of the day, capturing our IWD celebration that unified all our People hubs in San Francisco, CA, Charlotte, NC, and SLC, UT, along with remote team members. #IWD2024 #FosteringInclusion #VaroLeadership #Fintechnews 

"With a lot of determination and conviction around the problems we're solving, we've come a really long way; probably further than many others that have attempted in this space." Our CEO, Colin Walsh, spoke to Jody Bhagat on Personetics' "Banking on Innovation" podcast to provide insights into how his journey working at legacy institutions informed him of changes the banking industry desperately needed before creating Varo Bank, addressing those needs with services like free tax filing and innovating lending products and "a future where financial confidence and stronger cash flow are accessible to all." 🎧 Check it out! #MobileBanking #Banking #Taxes #Podcast #Lending

Join us this Wednesday, March 6th from 11:30 am -12:00 pm PST for a Fireside Chat showcasing Varo Bank at the Montgomery Summit with our Founder and CEO, Colin Walsh, alongside Spencer Rascoff, Varo Board Member and Co-Founder & General Partner of 75 & Sunny Ventures. See you there!  -------- The Montgomery Summit is a premier tech conference in Santa Monica, drawing elite entrepreneurs, investors, and executives who explore the latest in business and tech innovations. #MontgomerySummit #TechInnovation #ExclusiveAccess 🚀

"One of the things we like to think about as we’re designing our products is, 'How do we be very central to customers' financial lives, that we can be able to provide solutions for all of those critical jobs to be done that are happening in our customers' lives every single day, and make it completely seamless for them?'" The Full Ratchet Podcast host Nate Pierotti spoke to our CEO, Colin Walsh, about his origins in the banking industry before founding Varo Bank, how the legacy industry is built for the haves instead of the have-nots, statistics from the Varo Wealth Watch Insights survey, and more. Take a listen below. ⬇️ #TechBank #Banking #Fintech #ABankForAllOfUs 

🎉 Big update! 🎉 We’re proud to bring our first ever tax filing solution to the Varo app with Column Tax—and it's 100% free! This solution enables our customers to easily file taxes , maximize their refund, and take advantage of all Varo has to offer when they get their refund up to 5 days early. Visit varomoney.com/taxes or read more about it in our press release: #TaxSeason #FreeTaxPrep #TechBank #VaroBank

To wrap up the year, a group of Varonians recently took part in a Junior Achievement USA event at Kimball Elementary School in Antioch, CA. The event covered financial literacy, career readiness, and entrepreneurship—important topics that aren’t usually a part of students’ everyday curriculum. The volunteers taught lessons to a class of engaged young students who were excited to discuss money concepts in an interactive way. Thank you to Junior Achievement for organizing this valuable program and to the Varo team who volunteered their time! By introducing these concepts early, it will benefit the students for years.  #FinancialEducation #JuniorAchievement #VaroBank

Proud of how far our customers have come in 2023. Pumped to see how far they’ll go in 2024. Here’s a look at our year by the numbers. Data based on an internal review in Jan 2023 - Nov 2023 of Varo customer activity.
 *This savings outlines competitors who charge a monthly fee vs Varo’s $0 monthly fee. #VaroBank #TechBank #FintechNews #Wrapped #BankingInnovation

Our new $500 Varo Advance limit is here and making headlines. This increase gives our customers the ability to take out an advance without going into costly debt. As the first tech bank, we'll continue innovating and launching new products designed to empower our customers. Check out the article highlighting one of the ways we're working to improve financial lives. #VaroBank #financialinclusion #banking #abankforallofus #techbank #paychecktopaycheck