Believe it or not, money transfer is a master skill in this digital landscape.
Whether you're looking to do online shopping, pay bills, or make a simple payment, you typically use a money transfer service for the task.
With that said, while Varo is a popular online bank that offers a plethora of financial services, most users are wondering how to transfer money from Varo to PayPal since PayPal is an even more flexible money transfer service.
Thankfully, the process is very easy and straightforward.
To help you out, we'll see whether Varo works with PayPal and all the steps required to transfer money from Varo to PayPal.
Table of Contents
What is Varo?
Varo Bank is a mobile-only bank account app that uses cutting-edge technologies to assist customers improve their financial situation. Varo Bank provides consumers with the following features in addition to an easy design and user experience:
- Safe and "branchless" banking
- Early direct deposit
- No monthly bank fees
- No hidden fees
- No minimum balances
- 55,000+ Allpoint® ATMs in places you already shop like Target, Walgreens, and CVS
- High-yield savings accounts
- Tools to help you build up your savings automatically like Save Your Change and Save Your Pay
- Friendly Utah-based customer service available seven days a week (except federal holidays)
- Contactless payments with your Varo Bank debit card
Varo Bank Accounts are offered by Varo Bank, N.A., and deposits are protected by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 through Varo Bank, N.A.; Member FDIC.
Early access to direct deposit funds is contingent on the timing of the payer's deposit submission.
We usually post such deposits the same day they arrive, which could be up to two days before the payer's scheduled payment date.
Non-Allpoint ATM owners may impose a fee for ATM withdrawals, however at over 55,000 Allpoint ® ATMs, Varo does not.
Varo costs $2.50 for cash withdrawals made at non-Allpoint® ATMs.
What is PayPal?
PayPal is a secure online payment system that allows you to pay for products online and send and receive money.
You can use PayPal to make purchases online with participating stores once you link your bank account, credit card, or debit card to your PayPal account.
Does Varo Bank Work With PayPal?
Yes, Varo Bank does work with PayPal.
An official mention from Varo Bank on their support section confirms Varo does work with PayPal;
"Yes, you can add your Varo Bank Account as a funding method for PayPal. You can also transfer funds out of PayPal into your Varo Bank Account. Please contact PayPal for specific instructions."
Can You Transfer Money From Varo To PayPal?
Yes, you can transfer money from Varo to PayPal.
In fact, the process is as simple as adding money to PayPal from your local bank account.
All you need to do is to link your Varo bank account to PayPal.
Afterward, transferring money from Varo Bank to PayPal will be an easy task.
How To Transfer Money From Varo To PayPal
There are three simple steps involved in transferring money from Varo to PayPal.
The first step involves gathering information about your Varo bank account, the second will be to link your Varo bank to your PayPal account, and the last step will be to transfer the funds from Varo to PayPal.
1. Gather Information About Your Varo Bank Account
The first and foremost step to take when looking to transfer money from Varo to PayPal is to gather information about your account.
The main information here is your routing and account numbers. However, if you'd like to link your Varo debit card to PayPal instead, you'll need to get your Varo debit card details.
2. Add/Link Your Varo Bank Account to PayPal
Linking your Varo bank account to your PayPal account is an important step to transfer money from Varo to PayPal.
You can link your Varo bank account or your debit card to PayPal directly and transfer funds from it.
You may need your Varo account number and routing number when linking manually.
Follow the steps below to link your Varo bank account to PayPal.
- Go to Wallet.
- Click Link a card or bank.
- Click Link a bank account.
- Search for Varo Bank or select it from the list.
- Enter your bank account details manually and click Agree and Link.
Your bank account will be quickly verified once this information is entered correctly.
If you manually enter your bank account number, you will be asked to verify your bank account.
Completing this step is crucial to use your bank account to make payments or add money to your PayPal account.
3. Transfer Money from Varo to PayPal Balance
Now you've linked your Varo bank to your PayPal account, you can transfer money from Varo to PayPal without hassle.
The steps are as easy as adding money to your PayPal account.
Follow the steps below to transfer money from Varo to PayPal.
- Go to your Wallet.
- Click "Transfer Money."
- Choose "Add money from your bank or debit card." Enter the amount.
- Choose either "In seconds with debit" or "in 3-5 days with your bank".
How Long Does It Take To Transfer Money From Varo To PayPal?
It usually takes 1 to 3 business days for the money to be transferred from a linked bank account to your PayPal account.
This means a successful transfer of funds from Varo Bank to PayPal can take up to 3 business days to complete.
However, the transfer can be completed almost instantly or within minutes if you transfer the funds from your Varo debit card.
How To Transfer Money From PayPal To Varo
Transferring money from PayPal to Varo is an easy process once your Varo bank account has been linked to PayPal.
The process is as simple as withdrawing money from PayPal to your bank account.
- Go to Wallet.
- Click Transfer money.
- Click Withdraw from PayPal to your bank account.
- Select the bank account you're transferring the money to and click Next.
- Enter the amount and click Next.
- Review your request and confirm the transfer.
- How To Withdraw Money From Varo Without Card
- How To Withdraw Money From PayPal At Walmart Without Card
- How To Withdraw Money From PayPal Without A Bank Account
- How to Get Money Off PayPal Without Card
- How to Send Money from Venmo to PayPal
- How to Transfer Money from PayPal to Cash App
- How to Transfer Money from Venmo to PayPal
Frequently Asked Questions
How can I transfer money from Varo to PayPal?
You can transfer money from Varo to PayPal by linking your Varo bank account or debit card directly to your PayPal account. Once done you should be able to add funds to your PayPal account from your Varo bank.
Does PayPal accept Varo?
Yes, PayPal does accept Varo as a funding source for transactions.
How do I transfer money from Varo?
Transferring money from Varo is very easy. All you need to do is open the Varo app and go to the Move Money section.
Final Thoughts
Varo Bank is a mobile-only bank account app that uses cutting-edge technologies to assist customers improve their financial situation.
PayPal is a secure online payment system that allows you to pay for products online and send and receive money.
Varo officially announced its compatibility with PayPal which means, users can transfer funds between both apps without hassle.
References:
https://support.varomoney.com/hc/en-us/articles/115011615148-Does-Varo-Bank-work-with-PayPal-
https://www.paypal.com/c2/smarthelp/article/how-do-i-add-a-bank-account-to-my-paypal-account-faq686
https://www.paypal.com/us/smarthelp/article/how-do-i-add-money-to-my-paypal-account-from-my-confirmed-bank-account-faq1348
https://www.paypal.com/uk/smarthelp/article/how-do-i-withdraw-money-from-paypal-to-my-bank-account-faq1189