Varo is popular mobile banking option that offers online banking without most fees, through its own bank i.e. Varo bank. It also offers its own advance facility up to $100. If you use Varo and are looking for cash advance apps that work with Varo, you are on the right post.
Cash advance apps turn out to be a cheaper option when you are short on cash between two pay cycles. The number of cash advance options have only been growing, as the traditional banks charge fees as high as $35 per overdraft. Payday loans also turn out be to expensive.
Most cash advance apps do not charge any overdraft fees and rely on tips or subscription fee as a revenue source.
There are many popular cash advance apps in the market like Dave, Money Lion, Earnin, Albert, Cleo etc. But not all of them work with Varo.
To reiterate, you can also use Varo’s own cash advance option which allows you to advance up to $100. However, it comes with a small flat fee ($3 to $5) if the advance amount is $50 ore more.
Cash Advance Apps that work with Varo
|Cash Advance App||Works with Varo||Remarks|
|Branch||Yes (for some users)||If you have set up direct deposit with Branch Wallet|
|Klover||Yes||Some users face issues|
|Empower||Yes||Some users face issues|
Cash Advance Apps like Cleo, MoneyLion, Dave, Albert, Klover, Empower etc. all work with Varo. However, Brigit and Earnin do not support Varo. While for using Branch with Varo, you need to have direct deposit with Branch wallet only.
Let’s talk about the details for the various apps and common issues faced when linking cash advance app with Varo.
Does Cleo work with Varo
Cleo works with Varo and there are no issues reported with linking Varo bank account in Cleo. You can link your Varo bank account or debit card to get the cash advance by subscribing to Cleo Plus Service.
With Cleo, you can get a cash advance of $20 to $70 without overdraft fees (no credit check required), if you are using it for the first time. You get access to higher limit up to $100, once you pay back the earlier advances. You do need to subscribe to Cleo Plus service ($5.99 a month) to get access.
Does Brigit work with Varo
No, Brigit does not work with Varo due to issues in maintaining connectivity.
It also does support Netspend and Chime, at the momnent.
Does Earnin work with Varo
Earnin has specifically listed Vara as one of the banks they do not support on their website. So you won’t be able to use Earnin with Varo.
There is no reason mentioned as to why Earnin does not work with Varo.
Does Dave work with Varo
Dave is one of the cash advance apps that works well with Varo. There are no issues reported by users linking their Dave account with Varo bank.
To connect your Varo bank account in Dave:
- Go to the Profile tab on Dave App
- Next tap Linked Banks and Card
- Next tap Change
- Next select Change bank and continue through
Does Money Lion work with Varo
Another popular cash advance apps that works with Varo is Money Lion. To link Varo Account in MoneyLion, go to “Finances” tab at the bottom of the MoneyLion home screen and then select “Link an account.” Select Varo bank from the list of options or use the search bar to find.
MoneyLion is a membership based service which offers you the instacash option (without interest) of up to $250 ahead of payday. The amount of advance you can get depends on the direct deposit amount. It also provides short term loans.
If you want to receive your Money Lion advance in your Varo account, go to “Transfers”, tap “Add Account”, select Varo and add your account.
Do note that to be eligible to get cash advance with Money Lion, there are few conditions like:
- Bank account has been active for at least two months
- Has regular deposits of income/paychecks
- It has a positive balance
Does Albert work with Varo
Albert is a popular cash advance app that works fine with Varo. You can connect your Varo Account with Albert to get cash advance against your next paycheck.
Albert offers advance amount ranging from $100 up to a maximum of $250, depending upon your income. It follows a subscription business model with a monthly fee of $3.99 and does not charge interest or late fees. Also, if you want to advance instantly, you need to pay a $4.99 delivery fee.
Does Klover work with Varo
Yes, Klover app works fine with Varo. You can add your Varo Bank account in Klover app and fulfil the direct deposit requirement to get cash advance.
Steps to link bank account in Klover
- Open the Klover App.
- Next go to the “Profile” icon on the dashboard
- Next tap on “Bank” and “Remove” (if you have linked another bank)
- Select “OK” to confirm that you will be removing your bank account and debit card (your debit card will automatically be unlinked once you remove your bank account)
Klover follows a unique model as it does not charge you interest, charges or checks your credit score. It earns money by serving you custom ads based on your profile.
However, You need to at least 3 direct deposits to qualify for paycheck advance.The amount of advance you can get varies from $100 to $500.
Does Empower work with Varo
Another app that works with Varo is Empower App. To add Varo account in Empower, go to the home page of Empower app, scroll to Accounts Section and tap on +icon account with online banking details.
Empower allows eligible members (Requires setting up checking account) to get interest-free advance of upto $250. There are some criteria to be eligible like a healthy current account balance, recurring deposits from employer and balance history for Empower to qualify. It also charges a monthly subscription of $8.
You can also get advance from Varo, up to $100. However, there is a small fee involved depending on the amount of advance. For $50 it is $3, $75 it is $4, $5 for 100
To be eligible,
- Your Varo Bank Account must be at least 30 days old and active without any negative balances.
- You must have at least $1,000 in direct deposits to either your Bank Account, Savings Account, or both combined in the last 31 days.
Using Varo advance, you also get the ability to set up automatic payments directly from your Varo bank account.
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