Launching Varo Advance: immediate cash Access as much as $100

Launching Varo Advance: immediate cash Access as much as $100

With Varo Advance, qualifying Varo customers can immediately get up to a $100 cash loan to greatly help extend a paycheck

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Oct 16, 2020, 09:00 ET

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BAY AREA , Oct. 16, 2020 /PRNewswire/ , the actual only real digital national bank, is presenting Varo Advance, a cutting-edge item that immediately advances up to $100 to qualifying customers and provides customers more flexibility and control of their funds.

Built to help customers proactively handle their funds, Varo Advance provides immediate access to up to $100 cash right when you look at the Varo Bank app.* With a hard and fast, transparent expense framework – no recommendations, no concealed charges, with no immediate access fees – Varo Advance has an advance all the way to $20 at no cost, by having a maximum cost of $5 for a $100 advance. Clients choose if they want to repay inside a window that is 30-day. A seamless, proactive way to access extra money to help stretch their paycheck, without needing to overdraft their account unlike similar programs, Varo Advance offers customers.

At the same time whenever 50% to 78percent of working Americans reside paycheck to paycheck, Varo customers gain access to a versatile term that is short bridge through Varo Advance, providing protection and reassurance in order for an urgent cost could be paid without added anxiety.

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