Varo Bank is a digital neobank offering fee-free checking and savings accounts with competitive APYs. It provides services like instant fund transfers, credit cards, and cash advances, all accessible through its mobile app. Varo targets underserved consumers, focusing on financial inclusion. Its unique selling proposition is the absence of overdraft, ATM, and monthly fees, along with high-interest savings rates and seamless account linking via Plaid. Varo's mission is to help customers achieve financial goals without traditional banking costs, making it appealing to those seeking low-cost, high-yield banking solutions.