Varo Bank Review: Checking, Savings

NerdWallet rating: 4.0/5.0 Where Varo shines: No monthly fees, no overdraft fees. Tools to track spending and make savings goals. 1.50% APY savings account. Get your paycheck early with direct deposit. Where Varo falls short: Varo currently available on iOS mobile app only. Cash deposits are through a third-party service that charges fees.