Investobuddies.com – Varo Bank was founded in 2015 to fill a void in online banking. The bank has over 55,000 Allpoint ATMs with no fees, no minimum high yield savings accounts, and no monthly or hidden fees.
With over 4 million accounts and outstanding customer service, Varo is ranked #1 in Forbes Advisor’s Best Online Savings Account and Best Current Account in 2022.
It is not uncommon for Varo users to use the Cash App for online peer-to-peer (P2P) payments. An easy way to send money to friends, receive money or use your Cash App business account.
If So, Can I Connect Varo to The Cash App?
Short answer: Yes, you can transfer funds to your bank account by connecting Varo to the Cash app. Sending money is made easy by adding your Varo Visa debit card to your cash application. The Cash app also lets you transfer funds directly by linking your Varo to an external bank account.
Our comprehensive guide will show you how to connect your cash app to Varo, transfer limits, fees and how long it will take to deposit money into your account.
How To Connect The Cash App To Varo?
There are several ways to connect the Cash App to Varo. Setup is easy as Varo uses Plaid to connect to the Cash App and verify your bank account in a few clicks.
Plaid is widely used for payment integration services that connect bank accounts to various payment applications. As a result, your financial information is verified and transferred securely between two financial institutions.
The boxes allow you to import your Varo Bank account details into the Cash App and start transferring funds.
To connect your cash app to Varo, follow these steps:
- Launch the Varo app on your iOS or Android device.
- Click the link in the Varo app dashboard to create an external account.
- Select Cash App from Search.
- You will be asked to enter your login credentials to verify your Cash App ID.
Cash app users can also link with Varo without a check card. Instead, users deposit ACH directly in the Cash App by entering their Varo bank account and routing number. However, it may take up to 5 days for the ACH transfer to arrive in your bank account.
To connect your cash app to Varo without a debit card, follow these steps:
- Launch the Cash app from the Apple Store or Google Play Store.
- Click the Bank icon on the home screen.
- Scroll down and select the linked bank.
- Enter your Varo bank account and routing number for ACH transfers.
How to transfer money from Varo to Cash App?
If you link your accounts directly with the Cash App, you can quickly transfer money between the two accounts.
Here are the steps how to transfer money from varo to cash app
- Launch the Cash app on your Android or iPhone device.
- Select “Add Cash”.
- Enter the amount to be transferred.
- Then select the linked Varo account.
- Click “OK” and the money will be transferred from Varo to the Cash App within a few days.
How to send money directly from the Cash App?
When the Varo Cash App and Bank are connected, you can easily transfer money.
Here are the steps to send money directly from the Cash application:
- Launch the Cash app on your Android device or iPhone device
- Tap the “Bank” icon on the home screen.
- Tap ‘Withdraw cash’.
- Enter the amount to be transferred to Varo.
- If you have multiple externally linked accounts linked to the Cash App, select the bank account you want to use to transfer money.
What is the Varo Cash Transfer Limit app?
The Varo transfer limit for the Cash app is 35 direct debits per month and resets every 30 days. Also, there is a spending limit of $2,500 per day, as the Cash app calculates money transfers when using your Varo debit card.
You can view your Varo account statement by visiting the “Account” page, selecting “Direct Bank” or “Saving Account” and opening “Details”. You will then be taken to your account statement where you can specify the month or year of the statement you wish to view.
What is the cash application transfer limit to Varo?
Cash application transfer limits to Varo are up to $7,500 per week after verifying your identity and providing your name, address, date of birth and Social Security number. You can also get an unlimited amount.
How much does a cash application cost to send money to Varo?
The Cash App charges a 1.5% transfer fee for direct transfers to the linked Varo bank account. However, you can also choose transfer general days for the ACH direct deposit to hit your account.
How Long to Transfer Money from Varo To Cash App?
The time it takes to transfer money from your Varo account to the Cash App will vary based on the transfer speed. For example, linking the Cash App with your Varo Debit Card allows instant transfers within 30 minutes.
However, a standard direct deposit can be delayed by up to five business days if Cash App is linked via your Varo bank account and routing number.
Link Cash App to Varo Summary
The Cash and Varo apps can be linked together with or without a Varo debit card. The advantage of using the Varo Visa Debit Card is the instant transfer within 30 minutes. However, linking Varo without a debit card takes a few days per money transfer.
Additionally, Cash App enables Varo users to link external bank accounts so that funds can be directly transferred.