What makes this bank offer different
This is a bank-bonus fit for users who can satisfy a deposit rule quickly; the key comparison point is whether the required deposit type matches your normal cash flow.
Bank
Varo Checking Bonus — Up to $150 + $75
Apply to Varo Checking Bonus and earn up to $375 in combined sign-up and referral bonuses.
Qualifying Period
within 45 days of account opening
Payout
within 30 business days of qualifying direct deposit
Requirements
- ✓Open account via referral link
- ✓Receive qualifying direct deposit of $500 or more
- ✓Account must be open and in good standing when bonus is paid
- ✓Direct deposit of $500-$1,000 within 45 days
- ✓Direct deposit of $500 or more
- ✓ACH direct deposit from payroll, pension, or government benefits (or Visa Direct payroll transfer only)
- ✓Must use a valid referral link from an existing Varo customer
- ✓Must receive a qualifying direct deposit of at least $500 within first 45 days of account opening
- ✓Qualifying direct deposits: ACH deposits from payroll, pension, or government benefits; Visa Direct payroll transfers
- ✓Third-party transfers (CashApp, Venmo) do not qualify
Restrictions
- ⚠New customers only (never been a Varo Bank customer)
- ⚠Maximum 5 referral bonuses per calendar year
- ⚠Requires referral link (not available as public signup bonus)
- ⚠New customers only
- ⚠Requires referral link to qualify
- ⚠Requires referral link
- ⚠No previous Varo customers
- ⚠Max 5 referrals per calendar year
- ⚠Referral-only — new customers must use an existing customer's referral link
- ⚠New customers only — must not have previously been a Varo Bank customer
- ⚠Can refer up to 5 friends and family per calendar year
Fees
- $0 monthly account fee
- $0 account fee
- No monthly account fees
- No early account termination fee
- Qualifying direct deposits are payroll, pension, or government benefits only
- Tax refunds, stimulus payments, and peer-to-peer transfers do not qualify
- Bonus is reported on IRS Form 1099-MISC
- Account must be open and in good standing when bonus is paid
- Maximum 5 bonuses per calendar year
- Peer-to-peer transfers (CashApp, Venmo) do not qualify
- Varo to Anyone transfers do not qualify
- Posting referral link on social media/blogs may result in termination of eligibility
- Bonus amounts vary by promotional period and are confirmed in customer email or Varo app
- Referrer annual cap: up to $750 per calendar year across all referral offers
- Referrers can only earn per-referral bonus on up to 5 qualifying new customers per calendar year
- If a referrer exceeds 5 referrals, the referred friend still receives their bonus but referrer does not
- Sharing referral links on third-party social media or blogs may result in eligibility termination
- Bonus reported on IRS Form 1099-MISC
- Account must remain open and in good standing when bonus is paid
Total potential bonus
$375
Additional Referral Bonus (how it works)
$75
Your 50% share of $150 paid directly by the referrer
View Referral Terms →$150 (sign-up) + $150 (via referral link) + $75 (referral) = $375 total
ExpiredOffer expired July 13, 2026
Last updated September 12, 2026
Saved source PDFs
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How to evaluate Varo Checking Bonus
Before opening this account, compare the bonus against direct deposit rules, monthly fees, minimum balance requirements, and any clawback period after payout.
Qualification checklist
Timing
- Qualifying period
- within 45 days of account opening
- Payout timeline
- within 30 business days of qualifying direct deposit
How to qualify
- Open account via referral link
- Receive qualifying direct deposit of $500 or more
- Account must be open and in good standing when bonus is paid
- Direct deposit of $500-$1,000 within 45 days
Common pitfalls
- New customers only (never been a Varo Bank customer)
- Maximum 5 referral bonuses per calendar year
- Requires referral link (not available as public signup bonus)
- New customers only
What makes this offer different
Bonus value versus similar offers
The sign-up bonus is below the current nearby $1,500 median, so the requirements and any referral or portal stack matter more.
Stacking potential
The tracked value can include $150 sign-up bonus, $150 referral sign-up bonus, $75 referral share for a total displayed potential of $375. Confirm which apply path you use before assuming every component stacks.
Requirement clarity
Credolix has extracted 4 requirements for this offer, so compare the bonus against the actual steps rather than the headline payout alone.
Frequently Asked Questions
When does Varo Checking Bonus expire?
Varo Checking Bonus expires on July 13, 2026.
