Does Varo do a hard credit pull to open a Bank Account via Gemsloot?

No. Varo does not pull your credit to open a Bank Account via Gemsloot.

Is the Varo Bank Account via Gemsloot bonus available nationwide?

Yes. The Varo Bank Account via Gemsloot bonus is available to applicants in all 50 states.

Is the Varo Bank Account via Gemsloot bonus taxable?

Yes. Bank account bonuses are considered taxable income by the IRS. Varo will send a 1099-INT form if your bonus is $10 or more.

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Varo

Varo Bank Account via Gemsloot $45 Bonus

Bonus amount: $45Gemsloot payout as of Oct 7, 2026. Portal amounts change often, so check today's figure before you start.
Expires: Not listed
Time to complete: ~90 days
Bonus deposited in: ~180 days
Difficulty: Medium

Open the offer at Gemsloot →

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More routes to this bonus

Current best route: Varo Bank Account via Gemsloot. Ranked Sep 22, 2026.

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Requirements

Last verified: Oct 7, 2026

Open a Varo Bank Account through the Gemsloot offer
Use the link above to open Gemsloot's Varo offer. Create your Gemsloot account when prompted, then open your Varo account through the offer.
Complete the offer card's requirements
Follow every requirement and deadline shown on Gemsloot's Varo offer card. The offer card's terms control.

Gemsloot credits the reward once it confirms the offer is complete, and its terms let it hold credits for up to 90 days after completion. Rewards redeem for gift cards or other prizes Gemsloot offers. Check its current redemption options before you start.

Account Details

Monthly feeNo monthly fee

Min. hold periodNo minimum

Varo does not publish a minimum time to keep the account open. Its account agreement says an account with a $0 balance for 9 months in a row may be closed.

Early closing fee$0

Credit inquiryNo credit pull

ChexSystemsNo. This bank publishes that it does not screen banking history.

AvailabilityNationwide

Eligibility

Minimum age18+

Existing customersNot eligible

Varo allows one Bank Account per customer, so current Varo customers cannot open another.

Other restrictions

You must live at a physical address in the 50 states or DC. Varo's FAQ asks for U.S. citizenship or permanent residency, and its account agreement asks for a Social Security number or ITIN.
Individual accounts only. Varo does not offer joint accounts.

Tips & Gotchas

→The link above opens Gemsloot's Varo offer. Create your Gemsloot account when prompted.
→Follow the offer card exactly. Gemsloot credits the reward only after it confirms completion.
→Keep a copy of the offer card and its requirements before you begin.

Direct Deposit Data Points 131

131 community reports across 39 transfer sources, showing what triggers a qualifying direct deposit at Varo.

Showing 128 of 131 reports

View all Varo direct deposit data points →

How long until the bonus posts? The most recent community reports average about 9 days. See 59 reports on Varo Checking payout timelines →

Can You Earn This Bonus Again?

Can rechurnNo

NotesVaro allows one Bank Account per customer. Gemsloot's terms set no reapply rule, but they let Gemsloot limit how often an offer can be completed.

Fine Print

Gemsloot terms apply. Varo allows one Bank Account per customer. Rewards credit only after Gemsloot confirms completion, have no cash value, and redeem for gift cards or other prizes Gemsloot offers. The offer card's terms control.

Taxable income

What is a fintech (digital bank)?

App-based financial companies that offer banking services without traditional brick-and-mortar branches.

Read →

Also see: this month's best bank bonuses and community DD data points.

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