Varo just like PayPal is an online money transfer app that allows you to transfer money from one online money transfer platform or the other while following some precise steps. It is of no doubt that Varo and PayPal users around the world are looking for ways to transfer money from Varo to PayPal and vice versa.
Due to the fact that Varo works with PayPal, the process is quite easy and straight forward especially for individuals that are used to such online transactions.
Varo is actually an online - only bank account that offers banking services among which are checking accounts, debit cards and money transfer facility.
With Varo, you can also benefit from financial aid through Varo advance which allows eligible users to borrow money from Varo. Varo also also stands as an amazing alternative to cash advance apps that work with Varo.
While, PayPal is a payment app that allows users to send and receive money online.
PayPal is available for use in many countries around the world, therefore making it easy for users to transfer money to and from any part of the world.
With PayPal, you will need a funding source for your transactions and this funding source can be a bank account, credit card, debit card or even PayPal balance depending on the one that suits you best.
Since PayPal works with Varo, if you own a Varo bank account, you can link it to your PayPal account and use it as a funding source for all your PayPal transactions.
Want to transfer money from Varo to PayPal? then continue reading this article as I will show you how to do so in a few steps.
Table of Contents
What is Varo?
Varo bank is a mobile only bank account app that uses cutting -edge technologies to assist customer upgrade on their financial situation. Aside from an easy design and user experience, Varo bank offers its customers with the following:
- 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, N.A. offers Varo Bank Accounts, and through Varo Bank, N.A; Member FDIC, deposits are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC).
The date of the payer's deposit submission determines whether direct deposit funds can be accessed early.
Such deposits are typically posted the same day they arrive, up to two days prior to the payer's scheduled payment date.
While non-Allpoint ATM operators may charge a fee for ATM withdrawals, Varo does not at more than 55,000 Allpoint ® ATMs.
For cash withdrawals made at ATMs that are not Allpoint®, Varo charges $2.50.
What is PayPal?
PayPal is an online Payment system which you can make use of to send money, make online payments and receive money online. PayPal is operational in more than 200 countries. Incase you are the type that does business with an international partner or working for a client overseas, then PayPal is an amazing option for you to use to send and receive money.
Does Varo Work With PayPal?
Yes Varo bank works with PayPal. You can also see and official mention from Varo bank on their support section that confirms Varo does work with PayPal.
You are able to add your Varo bank account as a funding source to PayPal, as well as you are able to transfer funds out of PayPal to your Varo Bank account.
Can You Transfer Money From Varo to PayPal?
Yes there is a direct way to transfer money from Varo to PayPal since the 2 apps are compatible.
This process is as simple as adding money to PayPal from your local bank account. The most essential thing that you have to do is to link your Varo bank account to PayPal.
Once you have linked your Varo bank account to PayPal, you will now be able to transfer money between the 2 apps easily.
How to Transfer Money from Varo to PayPal
Transferring money from Varo to PayPal involves 2 easy steps, which you first of all linking your Varo bank account to your PayPal account and then transferring the money from Varo to PayPal.
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1. Link Your Varo Bank Account to PayPal
Linking your Varo bank account to PayPal is an essential steps when it comes to transferring money from Varo to PayPal. PayPal allows you to link a bank account to your PayPal account either instantly or manually.
If you decide to do the linking manually, then you will need your Varo account and routing number.
Belo are the steps involved in linking your Varo bank account to PayPal.
- Login to your PayPal account.
- Tap Wallet.
- Tap + across from Banks and cards.
- Tap Banks.
- Log in to your online banking and link your account instantly or add your bank manually.
To immediately link your bank account, you must enter your user ID and password for online banking. PayPal will compare this data to the specifics of your bank account to confirm account ownership.
Once this information is accurately supplied, your bank account will be quickly validated.
You will be prompted to verify your bank account if you manually enter your bank account number.
To add funds to your PayPal account or to make payments using your bank account, you must finish this step.
2. Transfer Money From Varo to PayPal
As soon as you have succeeded in linking your bank account to your PayPal account, you can now transfer money from Varo to PayPal without any problem.
Below are the steps involved in transferring money from Varo to PayPal.
- Login to your PayPal account.
- Tap your PayPal balance from your Dashboard.
- Tap Add Money.
- Select your preferred way of adding money (in which case is your Varo bank).
- Follow the prompts to transfer money from Varo to PayPal.
How to Transfer Money from PayPal to Varo
Once you have already linked your Varo bank to PayPal, then transferring money from PayPal to Varo becomes and easy process to undertake.
Transferring money from Varo to PaypAL is similar to withdrawing money from PayPal to your bank account.
To transfer money from Varo to PayPal, you can follow these steps:
- Log in to your Varo Bank app.
- Tap the Move Money tab.
- Tap Transfer Money.
- Tap External Bank Account.
- Select PayPal from the list of banks.
- Enter your PayPal email address and confirm.
- Enter the amount of money you want to transfer and tap Continue.
- Review the transfer details and tap Transfer.
Standard transfers typically take 1-3 business days to arrive in your PayPal account. Instant transfers arrive in your PayPal account immediately, but they incur a fee of 1% of the transfer amount, with a minimum fee of $0.25.
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Final Thoughts on How to Transfer Money From Varo to PayPal
Varo just like PayPal is an online money transfer app that allows you to transfer money from one online money transfer platform or the other while following some precise steps. It is of no doubt that Varo and PayPal users around the world are looking for ways to transfer money from Varo to PayPal and vice versa.
Due to the fact that Varo works with PayPal, the process is quite easy and straight forward especially for individuals that are used to such online transactions.
Above in this article, we have outlined and well explained the 2 steps that are involved on transferring money from Varo to PayPal without any problem.
Frequently Asked Questions
Can you transfer from Varo to PayPal?
Yes, you can add your Varo Bank Account as a funding method for PayPal.
How long does it take to transfer money from Varo to PayPal?
Transferring money from Varo to PayPal will normally take 1 to 3 business days to a linked bank account.
How do I transfer money from Varo to another account?
Link the external account to your Varo Bank Account and verify it's yours. Once the external account is linked, open the Varo app and tap Move Money > Transfer Money. Select From: Varo Bank Account and To: the account you want to receive the transfer. See the limit for the transfer under the transfer amount.
Does Varo have virtual card?
Yes Varo has virtual card and it can be used for online shopping and bill pay.