GO2bank vs Varo Bank

GO2bank is a solid mobile bank with interest and good benefits, but beware of some fees. How does it compare to Varo Bank? Read our comparison chart below.

	GO2bank	Varo Bank
	SPECIAL OFFER Referral Program - Up to $1,500 Bonus - Learn More Read GO2bank Review	SPECIAL OFFER Varo Bank Account - Learn More
	Benefits and Features
Savings	1% APY on savings, paid quarterly on balances up to $5,000	2.50% APY on all balances. Opportunity to earn 5.00% APY if your daily savings balance does not exceed $5,000 AND you make at least 5 Varo debit card purchases per month AND receive at least $1,000 in direct deposits in either the Varo Bank Account or Savings Account.
Checking	No monthly fees with eligible direct deposit (otherwise $5 per month)	No monthly service fee; no minimum balance; no overdraft fees
Monthly Fee	$0/mo with eligible direct deposit (otherwise $5 per month)	$0
Minimum Deposit to Open	$0	$0
Mobile App	iOS & Android	iOS & Android
ATMs	Over 55,000 fee-free AllPoint ATMs	over 40,000 fee-free AllPoint ATMs
Customer Service	Mon - Sun 5am - 9pm PST, phone and live chat	Mon-Fri 8am - 9pm (ET) and Sat-Sun 11am to 7pm (ET)
Locations	Online only	Online only
	CreditDonkey® Reviews
Savings
Checking
Mobile App
Customer Service
Pros & Cons	Pros: Interest on savings Get paycheck up to 2 days early Up to $200 overdraft coverage Cons: $4.95 for cash deposits Need direct deposit to waive monthly fee
Bottom Line	Solid mobile bank with interest and good benefits, but beware of some fees... Read full review
	Referral Program - Up to $1,500 Bonus Cash a Check and Get $5 Credit GO2bank Online & Mobile Banking	Varo Bank Account Online Savings Account
GO2bank: Information sourced from the published website as of 07/26/2024. Varo Bank: Pricing information from published website as of 01/05/2025.

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