To make up for the lack of physical branches, Varo offers five easy ways to deposit funds into your account. The easiest and quickest method is direct deposit, allowing you to pay money into the account yourself or receive your paycheck straight into the account. Their direct deposit service also allows you to receive your salary up to two days early, and you can receive instant pay from Uber and Lyft if they are your employer.
The app also allows you to transfer from an external bank account through the app and your other bank’s online banking service. You can also make a transfer from Venmo, Paypal, Cash App, and more, which will often appear in your Varo account instantly. Want to cash in a paper check? The app allows you to cash it in with your smartphone camera. Lastly, unlike many digital bank accounts, Varo will accept cash deposits. Simply deposit the cash at a Green Dot location or with a MoneyPak.