Varo is a mobile-only neobank based in California. Currently, the company has one million customers and provides financial services through its mobile app. Varo bank is a popular mobile banking option that offers online banking without most fees. The market is full of cash advance apps, including Dave, Money Lion, Earnin, Albert, Cleo, among others. Unfortunately, not all advanced apps are compatible with Varo. You might be interested in Varo as well as Earnin. It appears on Earnin’s website that Varo is one of the banks they do not support. Sadly, you will not be able to get Earnin advance through Varo. Are you wondering whether you can get a cash advance from Earnin to your Varo account? If so, you are in the right place.
What Are Cash Advance Apps?
Apps that loan you money using your bank history instead of your credit score are called cash advance apps. You can get a cash advance by depositing money into your bank account before payday. They don’t charge interest or late fees on their cash advances. You can use some of them for free! They’re also convenient and easier to pay back because their advances are much smaller than other types of loans.
Consumers who are struggling with cash flow can use cash advance apps to break the paycheck-to-paycheck cycle. While cash advance apps can seem appealing, they can end up being costly. Compare all cheaper options before committing to a cash advance app.
Are Cash Advance Apps Compatible With Varo?
A cash advance of up to $100 is available through Varo. In order to qualify to get a cash advance, your account must be active, older than a month, and you must have received at least $1,000 in direct deposits within the past 30 days. Individuals who are new to Varo or who are not eligible for a Varo advance and those who need a payday loan need to use the Cash advance app. In that case, you have to use alternative cash advance apps compatible with their Varo account. As I early mentioned, you can use Varo with a wide variety of apps, including Dave, Money Lion, Albert, Cleo, and more. The amount of a cash advance that Varo will deposit into your Varo account will vary depending on what you want to be deposited. Based on the apps’ requirements, you can get cash advances after linking your Varo account.
Is it possible connect Earnin With Varo Bank ?
No, the Earnin app does not work with Varo. There are several of them, such as Dave, Oxygen, Paypal, Revolut, Square, Wise, and unfortunately, Varo is not compatible with Earnin. Therefore, Earnin cannot provide you with a cash advance from your Varo account. So you have to think about any other cash advance app that is compatible with Varo. If you only need cash advances from Earnin, find another bank that accepts Earnin.
Why Does Earnin Not Work With Varo?
Earnin does not work with Varo for reasons that are not properly explained on the Earnin website. Similarly, Earnin does not support other accounts, such as Oxygen, Current, and Netspend, but it does support selected Chime users. In terms of Varo, the issue with Earnin is that Varo allows you to receive your paycheck up to two days early, which makes it difficult to specify a fixed payday with the app.
List Of The Banks Earnin Does Not Support
If you are still considering Earnin, you should be aware of the bank lists that do not support Earnin. There is an extensive list of banks and financial apps Earnin does not support, including Varo. Below you will find a list of banks and credit cards Earnin is currently unable to accept.
- ACE Elite Prepaid Account
- ACE Flare Account by Metabank
- American Express Serve
- Axis Bank
- Bluebird by American Express
- Fidelity NetBenefits
- First Horizon – Horizon Account (Account Now)
- Global Cash Card
- KeyBank- Key2Benefits
- Money Network Pay Card
- PaychekPLUS! Payroll Cards
- US Bank ReliaCard
- Walmart MoneyCard by Green Dot
- Wisely® Paycard
How Do I Get Varo Advance
As I mentioned earlier, Earnin is not available with your Varo bank, but you can get a cash advance from Varo itself. Once you are eligible, Varo offers you a cash advance of up to $100 directly to your Varo bank account. You’ll need to go through a few hoops in that case to advance more than $20. You must receive a direct deposit of at least $1,000 in the past 30 days, and your account must be older than a month and active. Varo’s advance qualification is listed below:
- There must be at least 30 days of activity on your Varo Bank Account.
- To use Varo, you must have an active account with no negative balances.
- To qualify, you must have received $1,000 in direct deposits to your bank account, savings account, or both accounts in the last 31 days.
- Once you’ve repaid your previous Advance, you’ll be able to get another one.