Varo is one of the leading neobanks that have made digital banking even more convenient.
Talking of Varo's convenience, it now supports digital wallets like Cash App allowing you to instantly transfer funds between your Varo account and the digital wallet.
In this guide, we'll see how Varo works with Cash App to allow you transfer funds from one account to the next.
Table of Contents
Does Varo Bank Work With Cash App?
Yes, Varo does work with Cash App through the Varo debit card.
In fact, according to Varo Support,
You can send and receive instant transfers from digital wallets like Varo to Anyone, Cash App, PayPal, Venmo and Square; or instant deposits from companies like Uber, Lyft, and Daily Pay. The speed of the transfer varies by digital wallet, but it usually takes less than 30 minutes. We don’t charge any fees for instant transfers, but the digital wallet might..
This means moving funds between Varo and Cash App is very possible if you're using Varo here as a debit card on Cash App. You can't link the Varo app, however, to Cash App directly.
Can I Instantly Transfer Money From Varo To Cash App?
Of course, you can instantly transfer money from Varo to Cash App as mentioned earlier.
Let's see how you can do that.
How To Transfer Money From Varo To Cash App
The best way to transfer money from Varo to Cash App is by linking your Varo debit card as a payment method to your Cash App and then initiating the transfer once done.
With that said, transferring money from Varo to Cash App involves three steps; getting your Varo debit card details, linking your Varo debit card to Cash App, and transferring the funds.
1. Get Your Varo Debit Card Details
First and foremost, you'll need to get your Varo debit details you'll use to link your account to Cash App.
To get your Varo debit card details:
- Go to Home and select View card
- Now select your Varo Debit Card then, Show Card Details.
2. Add/Link Your Varo Bank Account to Cash App
After copying your Varo debit card you'll need to link it to Cash App.
You can also link your Varo bank account to Cash App through its routing and account numbers.
The process is more like linking a regular bank account to Cash App.
To do so:
- Open Cash App on your phone.
- Tap the Profile Icon on your Cash App home screen.
- Select "Linked Banks."
- Tap "Link Bank."
- Follow the prompts to link your Varo debit card to Cash App.
If you don't want to link your Varo Bank account to Cash App through your routing and account numbers, you can use your debit card instead.
3. Transfer Money From Varo to Cash App
Your Varo account is now directly linked to your Cash App account, allowing you to move funds between the two.
Transferring money from Varo to Cash App is more like adding money to Cash App from a linked bank account or debit card.
To do so:
- Tap the Money tab on your Cash App home screen
- Press "Add Cash."
- Choose an amount.
- Tap "Add."
- Use Touch ID or enter your PIN to confirm.
If you need the funds to be available in your Cash App balance right away, you can use your Varo debit card as a funding source instead of your Varo bank account.
How Long Does It Take To Transfer Money From Varo To Cash App?
The time it takes for a complete transfer of funds from Varo Bank to Cash App depends on the transfer method you use.
If you use your Varo debit card, the transfer should occur almost instantly and in the worst of cases, it should take no more than 30 minutes to complete.
If you used your Varo Bank account which initiated an ACH transfer, the money should take 2-4 business days to arrive in your Cash App balance.
Can I Use My Varo Card On Cash App?
Yes, you can link your Varo card to Cash App and use it to send and receive payments.
Linking your Varo card to Cash App is more like linking a regular debit card to your Cash App account.
Can You Transfer Money From Cash App To Varo?
Yes, you can transfer money from Cash App to Varo. In fact, it is more like withdrawing money from Cash App to a bank account.
Below are the steps to transfer money from Cash App to Varo.
- Tap the Banking/Money tab on your Cash App home screen.
- Press "Cash Out."
- Choose an amount and press "Cash Out."
- Select a deposit speed.
- Confirm with your PIN or Touch ID.
Are There Limits When Sending Money From Cash App to Varo
Yes, there are limits on how much you can transfer from Cash App to Varo and these limits are imposed by Cash App.
Are There Fees When Using Cash App With Varo?
No, there are no fees when using Cash App with Varo but you can be charged when looking to transfer funds between the two platforms.
For instance, Cash App will charge you a 0.5% -1.75% fee for withdrawing money to your Varo debit card through the instant transfer option.
Frequently Asked Questions
Can I transfer money from Varo to Apple Pay?
Yes, you can transfer money from Varo to Apple Pay. All you need to do is link your Varo debit card to Apple Pay and transfer funds to your Apple wallet.
Can I transfer money from my Varo account to another bank?
Yes, you can transfer money from your Varo account to another bank. To do so; Link the external account to your Varo Bank Account and verify it's yours. Once the external account is linked, open the Varo Bank app and tap Move Money > Transfer Money > Transfer Money. Select From: Varo Bank Account and To: the account you want to receive the transfer.
How do I transfer money from Varo to Venmo?
Transferring money from Varo to Venmo is very easy and straightforward once you've linked your Varo Bank account or debit card to Venmo. After that, you'll need to add money to your Venmo balance to Varo. For your convenience, here's a complete guide to transferring money from Varo to Venmo.
Final Thoughts
Varo is an online-only bank account that offers banking services among which are checking accounts, debit cards, and money transfer facilities.
Cash App is a P2P payment app that lets users send and receive money online.
Varo bank works with Cash App which means you can link your Cash App to Varo and easily transfer funds between both apps.
However, when transferring money from Varo to Cash App or vice versa, always choose an appropriate speed as per your needs and only use instant transfers when necessary.