Varo Bank Accounts and Financial Services

Varo Bank is a pioneering American digital bank that made history in 2020 by becoming the first all-digital, consumer-focused fintech in the United States to receive a national bank charter from the Office of the Comptroller of the Currency (OCC). This milestone allowed the company to offer full-service banking directly, including FDIC-insured deposits, without relying on a third-party partner bank.

Founded by Colin Walsh and Roger Bozarth, the brand originated in San Francisco, California, with a mission to improve the financial health of everyday Americans through technology. As a mobile-first institution, its 'manufacturing' takes place via digital infrastructure and software development primarily within the United States. Unlike many fintech competitors that operate as neo-banks under the umbrellas of larger traditional institutions, Varo Bank remains an independent entity, owning its banking technology stack and operating with its own national charter.