Varo for ITIN holders
Varo is an app-only US bank. It holds its own national bank charter (Varo Bank, N.A.) and is FDIC-insured. Its published account-opening information lists a Social Security number (SSN) or Individual Taxpayer Identification Number (ITIN) among the identity details it accepts, so you can apply with an ITIN. There are no branches — the entire account is opened and managed in the Varo app. (Verified 2026-06-30.)
Key facts
| Item | Information |
|---|---|
| Accepts ITIN | ✅ Yes (SSN or ITIN accepted) |
| Bank type | App-only (no branches) |
| Charter / insurance | Varo Bank, N.A., national charter, FDIC-insured |
| Monthly maintenance fee | $0 |
| Minimum opening deposit | $0 |
| Overdraft fee | $0 (no overdraft fee) |
| Spanish support | App is primarily in English; Spanish support not separately documented |
Pros
- Accepts an ITIN (SSN or ITIN accepted at the identity step)
- $0 monthly maintenance fee
- $0 minimum opening deposit
- No overdraft fee
- Its own national bank charter (Varo Bank, N.A.), FDIC-insured
Cons
- App-only — no physical branches for in-person help
- App is primarily in English (Spanish support is not separately documented)
- Account opening requires a valid government photo ID and a US street address
How to open an account with an ITIN
- Download the Varo app and start the account-opening process (Varo is app-only — there are no branches).
- When asked for a tax ID, enter your ITIN. Varo’s identity step accepts an SSN or an ITIN.
- Provide a valid government-issued photo ID.
- Provide a US street address for the address-verification step.
- Submit the application and wait for approval.
Account features, rates, and limits can change. Confirm the current terms in the Varo app or on Varo’s account-opening page before you rely on them.
Related information
Last verified: 2026-06-30.
General procedural information for educational purposes. Not legal, tax, or immigration advice. Laws and fees change — verify with the issuing agency before taking action. For case-specific guidance, consult a licensed immigration attorney or other appropriate professional.
Related procedural information
- ITIN — taxpayer ID for banking — required to open most accounts without SSN
- ITIN mortgages — home loans — qualifying without SSN
- Form an LLC for business banking — separate business and personal finances
- Find legal aid for banking disputes — consumer-protection attorneys
- Consulate of your country — many provide ITIN-friendly bank referrals