Some months ago, I signed up for Varo after hearing it was better. Time goes by, and I realize I never received my card. I then emailed them and asked them to send me a new card. The reply asked me to verify my current email, which I did.
This morning I got an email saying that my new card has been ordered, so I decided to finally switch my direct deposit info to them. About 30 minutes ago, I got an email that said they were closing my account all of a sudden. The email begins with "Based on a review of your account activity, we have decided to close your Varo Bank Account and, if applicable, your Varo Savings Account." But the crazy thing is, I haven’t even had any transactions yet, so I am very confused. After 4-5 months of me having this account in my name, why are they just now saying they have reviewed my account. Plus how can I have any transactions when I hadn’t even received my card yet.
I’m not sure what game they are playing, but I don’t appreciate it, especially since I just changed over my direct deposit and now I have to change it again.
Bottom Line: No, I would not recommend this to a friend
15 people found it helpfulLink to this Review
Hi Lauren. it's always a difficult decision to close a Varo Bank Account. An objective and detailed analysis of account and transaction history, along with leveraging intelligence from sophisticated technology helps support conclusions and ultimate decisions. Based on this analysis, we strongly believe the appropriate action was taken. We wish you the best in finding a service that works for your needs.