Varo Bank operates as an online-only financial institution, meaning it does not have traditional physical bank branches that customers can visit. Instead, its services are primarily accessed through its mobile app and online platform.
While Varo Bank does not maintain physical branches, its operational base is located in two key areas within the United States.
Operational Headquarters
Varo Bank, founded in 2015, is based out of:
- San Francisco, California
- Utah
These locations serve as the administrative and operational hubs for the bank, but they are not public-facing branches for customer transactions.
Accessing Varo Bank Services
Despite the absence of physical branches, Varo customers have convenient access to their funds and banking services through several channels:
- Extensive ATM Network: Customers can access their money for free at more than 55,000 ATMs nationwide through the Allpoint network. This widespread network allows for easy cash withdrawals and balance inquiries.
- Mobile and Online Banking: The primary way to manage a Varo account is through its robust mobile application and online banking portal. These platforms enable users to:
- Deposit checks
- Transfer funds
- Pay bills
- Track spending
- Access customer support
Key Facts About Varo Bank
Varo Bank is a digitally focused financial institution. Here's a brief overview:
| Feature | Detail |
|---|---|
| Founding Year | 2015 |
| Headquarters | San Francisco, California & Utah |
| Physical Branches | None |
| Customer Access | Mobile app, online platform, Allpoint ATM network |
| Assets (as of Dec. 31, 2023) | Approximately $486 million |
For more detailed information, you can refer to insights from financial reviews and consumer guides on online banking.
