Varo Bank launches free instant payments service

Posted under: MSME
Date: 2023-09-26
Varo Bank launches free instant payments service

Varo Bank, the USA's first nationally chartered consumer tech bank, has introduced Varo to Anyone, a free instant payments service. This service enables users to send fee-free payments to anyone with a U.S. debit card backed by FDIC insurance. Varo Bank's CEO Colin Walsh emphasized their commitment to payment innovation, offering flexibility and security through this service. Varo Bank allows users to easily transfer money to anyone with a U.S. bank account using the ""Move Money"" feature within the app. This can be done by selecting a contact from your phone or manually inputting the recipient's details. The recipient will then receive a notification with instructions on how to securely input their debit card information through Varo Bank's portal. Varo's national banking charter and tech-focused business model make this process quick and secure for all parties involved.

Read more at: fintech.global