Varo routing number

Routing number

124303201

Institution

Varo Bank, N.A.

Verified purpose

ACH direct deposit to Varo Bank and Savings Accounts

The official agreement identifies payroll, pension, and government-benefit deposits as examples of direct deposits made by ACH to 124303201. It also requires the recipient name to match the name on Varo’s account records.

1. 1

   Open the Varo app

   Sign in through the installed app and select Bank or Savings from Home.

2. 2

   Open settings

   Tap the gear icon for the selected account.

3. 3

   Show account numbers

   Use the help-center path to reveal the routing and account number.

4. 4

   Compare the routing number

   Confirm the app displays 124303201 before using the public agreement as your source.

5. 5

   Copy the private account number

   Use the number for the exact receiving Varo account, not a card number.

The routing number identifies Varo Bank on the ACH network. Your account number identifies your specific Bank or Savings Account. Protect the account number even though the ABA routing number is public.

For direct deposit, provide 124303201, the matching Varo account number, the correct account type, and the account-holder name as Varo records it. A payer may also require its own authorization form or a voided-check equivalent generated from the account.

Varo’s current help page supports transfers between a linked external bank and Varo through Move Money and Transfer Money. It says these external-account transfers generally take one to five business days and that a transfer cannot be made directly from the Savings Account through that flow.

Varo says it became the first consumer fintech to receive a national bank charter when the Office of the Comptroller of the Currency granted its charter in 2020. It describes Varo Bank as a nationally chartered, FDIC-insured bank that does not rely on partner banks.

That was not always the structure. Varo’s history says its earlier product launched through a partnership with The Bancorp Bank. The old relationship explains why stale pages may associate Varo with Bancorp, but it should not be presented as the current bank behind routing number 124303201.

This research verifies 124303201 for ACH direct deposit. It does not establish that Varo accepts incoming wires at that number. ABA numbers can participate in more than one payment rail, but a valid number is not proof that a particular account product supports every rail.

• Verify 124303201 in the current Varo app.
• Copy the account number for the intended Bank or Savings Account.
• Use the account-holder name exactly as Varo records it.
• Treat a request for wire or international fields as a reason to seek current Varo instructions.
• Never revive an old Bancorp routing detail solely because Varo once used that bank as a partner.