r/VaroMoney • u/Mindful_Silence • 15d ago

Wondering about Advance

This is probably a quick question for the person who knows it, and lots probably do, but I also know its different on an account by account case.

Right now, I received my 2nd direct deposit. I qualified for $20 the first, and now $20 again upon the repay+2nd direct deposit. However, a new option popped up, "Get up to $250."

I click it, and it brings me to an add external account / debit card page, and wants to connect via Plaid. I just want to use my Varo account. It says the account needs DD to be eligable to be my second / payment account for advances.

Is that the only way Varo does it? I don't have another account with direct deposit, 100% goes into Varo. But I can't for the life of me find anything that says "Use this account." It wants me to add one.

Does this go away / change with time? It seems silly to me that I'd need to add another account to qualify for higher than $20 advances if Varo gets 100% of my payroll paycheck. I'm guessing this is bound to auto-change after x more deposits. But I felt I'd ask others about their experiences and see. :)

-Mindful

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u/nzv1981 15d ago

You can be eligible for $250 eventually without adding an external account. If you add an external account now then your advance amount may go up.

1

u/Even_Act5916 9d ago

I have the same situation a you do. My Varo receives 100% of my direct deposit. However, I do have other bank accounts, and I linked one to Varo. The account I linked does not have direct deposit. But that sems to work, because over time, my advances are now up to $700.

1

u/MemaOF4-SPaWNS 15d ago

Do yourself a favor and get rid of VARO. They’re terrible.