What happens to your Varo Bank accounts when you die
Covers 2 deposit, and 3 lending accounts — all transfer through probate
PO Box 108, Draper, UT 84020
Varo Bank does not currently support beneficiary designations, transfer-on-death registrations, or trust account titling on any account type. All Varo Bank accounts pass through the estate at death and may require probate.
When an account holder dies, the executor or administrator will need to contact Varo Bank with a death certificate and legal authority documents to claim account balances. The process and required documents are covered on the death claim page.
Varo Bank does not currently support beneficiary designations (POD or TOD) on any account type. All accounts transfer through the estate at death and may require probate.
Why trust accounts are not available
Varo Bank does not support retitling accounts into a trust, naming a trust as beneficiary, or any other probate-avoidance mechanism. Account balances transfer through the estate at death. Trust funding at Varo is not supported. All accounts must be held in the name of a single individual natural person. The bank does not accept trust entities as account owners in any capacity as of December 2025.
Varo Bank Account
Checkless checking account with Visa debit card. No monthly fees, no minimum balance, no overdraft fees. Early direct deposit up to 2 days. Per the Varo Bank Account Agreement (effective December 2025): the account cannot be owned or titled jointly, by an organization, as Payable on Death (POD), In Trust For (ITF), or under Power of Attorney. Only one account per customer; must be individually owned by a single natural person. No beneficiary designation is available. Accounts without a named beneficiary pass through the estate and are subject to probate.
Varo Savings Account
High-yield savings earning up to 5.00% APY on balances up to $5,000 (2.50% APY on amounts above $5,000). Standard rate of 2.50% APY applies immediately upon account opening. To qualify for the 5.00% APY the following month: receive qualifying direct deposits totaling $1,000 or more during the month, and end the month with a positive balance in both the Varo Bank Account and Varo Savings Account. Per the Varo Savings Account Agreement (effective August 2025): the account cannot be owned or titled jointly, by an organization, or as a POD or ITF account. Must be individually owned by a single natural person. No beneficiary designation is available.
Sources
Data sourced from Varo Bank primary sources (16 pages reviewed). How we research.
Download these Varo Bank instructions
Download instructions for the whole estateA printable PDF with the steps, required documents, and contact details — verified against Varo Bank primary sources. Bring it to the branch or keep it beside the phone.
PO Box 108, Draper, UT 84020
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