Varo Bank now offers Zelle in its mobile banking app
By Edlyn Cardoza
Varo Bank — the first all-digital, nationally-chartered U.S. consumer built from the ground up techbank — announced that it will offer Zelle in its mobile banking app. Zelle is a safe way to send and receive money with friends, family, and small businesses you trust.
“Adding Zelle® to our product lineup is our bank charter in action,” said Colin Walsh, Founder and CEO of Varo Bank. “We are excited to welcome millions of Americans to access Varo’s full range of benefits on our modern, secure, digital banking platform that now includes the ability to quickly send and receive money.”
Varo is one of the first techbanks to offer Zelle in its app without the need to partner with a bank, solidifying Varo as a technology leader in digital banking. Eligible Varo customers can now use Zelle in the Varo app as a fast, free, and secure way to send and receive money between people they know and trust with a checking or savings account. The addition of Zelle opens the door to the 90 million people in the U.S. who are driving the growth of digital banking, including those with limited or inconsistent access to traditional financial institutions.
“Today, more than 150 million people have access to Zelle® directly through their banking app with no additional downloads necessary,” said Kash Baghaei, Chief Product Officer of Early Warning Services, LLC, the network operator of Zelle. “Varo Bank customers will now have a way to send money to friends, family and others they trust, whether they need to pay back a friend for dinner, split the cost of rent with a roommate, or pitch in for a group gift.”
Brought to you by Early Warning Services, LLC, an innovator in payment and risk management solutions, Zelle makes it fast and easy for money to move. The Zelle Network connects financial institutions of all sizes, enabling consumers and businesses to send fast digital payments to people and businesses they know and trust with a bank account in the U.S.
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