We receive advertising fees from the brands we review that affect the ranking and scoring of such brands.
Advertiser Disclosure

Ally Bank vs. Varo Comparison

Compare providers side-by-side, allowing for easy comparison of features, rates, and terms. The comparison tool encourages individuals to thoroughly review all aspects of each service before making a smart financial decision.

+

Add a brand

Overview drop-down-btn

Online Banking

Visit Site >

Online Banking

Visit Site >
Online Banking drop-down-btn
Good For
Save Smarter and Faster
Good For
Rising Star In Online Banking
Account types
  • Checking
  • Savings
  • Certificates of Deposit (CD)
  • Money Market Deposit Account (MMDA)
Account types
  • Checking
  • Savings
Pros
  • No maintenance fees on some accounts
  • Earn more with excellent APYs
  • Multiple options to fund accounts
Pros
  • Good savings account APY
  • No monthly fees
  • Trusted online bank
  • No minimum deposit or account balance requirements
Cons
  • cons No physical branches
  • cons Some negative reviews
  • cons No way to conduct cash deposits
Cons
  • cons Not too many different account options
  • cons No physical branches
Min Deposit
No minimum
Min Deposit
Min APY Checking
0.10
Min APY Checking
0
Min APY Savings
4.20
Min APY Savings
3
ATM Network
75,000+ Nationwide
ATM Network
55,000+ nationwide
+