With the national charter now in hand, Varo Bank will expand its services to target a broader set of customer needs including access to credit, and additional savings products. Says Walsh: "2020 has been challenging for many of us across the country and has highlighted, once again, how the traditional financial system is not meeting the needs of hardworking, everyday Americans. The ability to operate as a full-service national bank gives Varo more freedom to deliver the kind of innovation and allyship that many Americans have never had from their bank before."

https://www.finextra.com/newsarticle/36318/varo-money-granted-national-bank-charter