How to Withdraw Money From Your Varo Savings Account

You can withdraw from Varo savings through the mobile app, ATM, or transfer to another bank account

Varo offers three main ways to access your savings: using the Varo mobile app to transfer money to your linked checking account, withdrawing cash at any ATM that accepts Visa cards, or moving funds to an external bank account. The fastest method is usually the app transfer, which completes within minutes. ATM withdrawals work when ready but are limited to your daily withdrawal limit. External transfers typically take one to three business days depending on the receiving bank.

The method you choose depends on whether you need cash when ready, want to move money between your own accounts, or are planning ahead. Each route has different speed and availability, so understanding your options helps you pick the right one for your situation.

Key Takeaways

The Varo app lets you transfer savings to your Varo checking account when ready, then withdraw or spend from there.
You can withdraw cash at any ATM displaying the Visa or Allpoint logo, subject to your daily ATM withdrawal limit.
Transfers to external bank accounts take one to three business days and require the receiving account details.
Varo does not charge fees for withdrawals, transfers between your own accounts, or out-of-network ATM use.
Your daily withdrawal limit is set by Varo and may vary; check your account settings in the app to see your current limit.

Transferring savings to your Varo checking account via the app

This is the fastest way to move money out of savings. Open the Varo app, go to your savings account, and select the transfer or move money option. Choose your Varo checking account as the destination, enter the amount, and confirm. The transfer posts to your checking account within minutes, and you can then withdraw cash at an ATM or use your debit card to spend it.

This method works well if you have both a Varo savings and checking account. Once the money is in checking, you have full access to it when ready. There is no fee for moving money between your own Varo accounts, and you can do this as many times as you need.

Withdrawing cash at an ATM

Varo savings accounts come with a debit card that works at ATMs. You can withdraw cash at any ATM that displays the Visa or Allpoint logo. Insert your card, enter your PIN, select withdrawal, and choose your amount. The cash is available when ready.

Your daily ATM withdrawal limit is set by Varo and appears in your app under account settings or card details. This limit resets each day at midnight. If you need more than your daily limit, you can make multiple withdrawals on different days, or transfer money to your checking account first and withdraw from there if your checking account has a higher limit.

Varo does not charge fees for ATM withdrawals, even at out-of-network machines. However, the ATM operator may charge a fee; this appears on your receipt before you complete the transaction, so you can cancel if you prefer.

Transferring to an external bank account

You can move money from Varo savings to a bank account at another institution. In the app, select your savings account, choose transfer or send money, and select the option to transfer to an external account. Enter the receiving bank's routing number and the account number, name the account (for your own reference), and confirm the amount and date.

The first transfer to a new external account may require verification. Varo may deposit two small test amounts (usually under one dollar each) to the receiving account, and you will need to confirm those amounts in the Varo app to verify you own that account. This verification typically takes one to two business days. Once verified, future transfers to that account proceed without this step.

Standard transfers take one to three business days to appear in the receiving account. Some banks post faster than others. There is no fee from Varo for this transfer.

Understanding your daily withdrawal limits

Varo sets a daily limit on how much you can withdraw from your savings account in a single day. This limit applies to ATM withdrawals and may also explore to transfers out of savings, depending on your account status. The limit varies by account and is not published as a fixed number; you can see your current limit in the app under account settings or card details.

If you need to withdraw more than your daily limit, you have several options: wait until the next day and withdraw again, transfer money to your checking account (which may have a separate limit) and withdraw from there, or contact Varo support to request a temporary increase. Varo may grant a one-time increase if you explain your need, though this is not may provide.

What to do if a withdrawal fails or is delayed

If an ATM withdrawal is declined, the most common reason is that you have reached your daily limit. Check your remaining balance and limit in the app. If the limit is not the issue, your card may be temporarily locked for security reasons, or the ATM may be experiencing a technical problem. Try a different ATM or contact Varo support.

If a transfer to an external account does not arrive within three business days, log into the receiving bank's app or website to confirm the account number and routing number are correct. Then contact Varo support with the transfer date and amount; they can trace the transfer and determine whether it is still in process or if an error occurred. External bank delays are usually on the receiving bank's end, not Varo's.

Varo support is available through the app via chat or by phone. Keep your transaction details (date, amount, receiving account) ready when you contact them.

Frequently Asked Questions

Can I withdraw money from Varo savings without a checking account?

Yes. You can withdraw cash at any ATM using your Varo debit card, or transfer to an external bank account at another institution. You do not need a Varo checking account to access your savings.

How much does Varo charge to withdraw money?

Varo does not charge fees for ATM withdrawals, transfers between your own accounts, or transfers to external banks. ATM operators may charge a fee at out-of-network machines, but Varo itself does not.

Why is my ATM withdrawal being declined?

The most common reason is that you have reached your daily withdrawal limit. Check your limit in the app. Other reasons include a temporarily locked card (usually for security), an ATM malfunction, or insufficient funds. Try a different ATM or contact Varo support if the problem persists.

How long does it take to transfer savings to an external bank account?

Standard transfers take one to three business days. The exact timing depends on the receiving bank's processing speed. Weekends and holidays may add time. You can see the expected delivery date in the app when you initiate the transfer.

Can I set up automatic withdrawals from my Varo savings?

Varo does not offer automatic recurring withdrawals from savings. You can set up automatic transfers to your checking account or to an external bank account on a schedule you choose, but each transfer must be initiated manually or scheduled in advance through the app.

This guide is for general information only and is not medical, financial, legal, or other professional advice. For decisions specific to your situation, consult a qualified professional. See our Editorial Policy.