Case Study

Every day, more than 1500 Varo customers use Plaid Direct to connect their Varo accounts to outside apps and services

Every day, more than 1500 Varo customers use Plaid Direct to connect their Varo accounts to outside apps and services

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Varo is an online mobile banking company committed to improving lives by making premium financial services available to everyone. Colin Walsh started the company in 2015 on the principle that a bank could put customers’ interests first and still be profitable. The app launched in July 2017 on iOS, and since then, Varo has seen $600 million come through the platform— including more than $50 million in savings. In August 2019, Varo took the next step: the company now offers no-fee overdraft protection on overdrafts of up to $50 for users who meet certain eligibility requirements. $50 may not sound like much, but it can make all the difference to someone struggling with financial health. Consider: • 4 out of 10 millennials have paid an overdraft fee in the last year • The average overdr

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