Varo Money

Challenger banks apply pressure with fee cuts

09/08/19

Charging customers $40 for a $10 overdraft “makes no mathematical sense,” Chime CEO Chris Britt says in a critique of traditional banks.

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Varo to offer limited overdraft protection to some customers

08/27/19

Its latest feature makes it one of several mobile-only challenger banks in the U.S. that do not charge overdraft fees of any kind.

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Varo Money raises $100M, files deposit insurance application

07/16/19

The new funding comes as the challenger bank inches closer to gaining regulatory approval for a national bank charter.

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Moven's Plan B after buyout bid stalls: Expansion into lending

07/12/19

The fintech is moving ahead with a loan service after regulatory concerns stymied its deal for an ailing bank.

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Chime reports big user growth, but rival Varo questions numbers

06/13/19

The CEO of the digital-only bank Chime says it has quadrupled its membership in a year. So why doesn't his counterpart at Varo believe him?

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Inside Varo Money's three-year quest for a bank charter

04/30/19

Colin Walsh, Varo’s chief executive, says the disruptor has hired several former regulatory officials to help in what has admittedly been “a difficult process.”

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Robinhood angered banks. Now it wants to be one

04/22/19

The fintech company, which was forced to rebrand its cash management product last year after misleading marketing caused a backlash, is seeking a national bank charter.

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German-based Challenger bank N26 still 'on track' for 2019 U.S. launch

04/01/19

As N26 schedules its launch for midyear, it will face off against other startups and mobile-only spinoffs from incumbent financial institutions.

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The story behind Varo Money’s bank charter push

03/26/19

Varo Money might become the first challenger bank to get a national bank charter. CEO and co-founder Colin Walsh explains why he wants Varo to become a bank.

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No quick resolution for Fannie-Freddie; deposit rate war heats up

01/30/19

The Trump administration will offer a framework and get Congressional input on housing finance; some online banks offer more than 2% interest on deposits.

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