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Varo Money's Back with a $100 Referral Bonus (But Tread Carefully!)
Published on January 17, 2026, 2:09 AM

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Varo Money's resurrected a referral bonus program offering a sweet $100 if you open a new account and meet a couple of easy requirements. To snag the bonus, you'll need a referral from a current Varo customer (it has to be emailed to you!), and you have to set up direct deposit of $500 or more within the first 45 days. The offer is valid until they decide to end it, so move fast!

Why does this matter to you? Well, free money is always a win! Varo's a legit online bank (no monthly fees, no early termination fees), and the requirements to earn the bonus are pretty straightforward. However, and this is a BIG however, Varo is super strict about sharing referral links. Sharing your referral link can get your account shut down, so be careful. The offer requires a referral to even be eligible. If you are interested, ask around with friends and family to see if anyone has a referral they can send your way.

Why This Matters for Your Strategy

News in the points-and-miles world moves fast, and promotional changes often have a short window. If this announcement affects a card or program you hold, log into your awardtrail dashboard to check your current benefit usage, bonus progress, and whether a transfer or redemption makes sense right now — before terms change.

As a general rule: transfer points only when you have a specific redemption in mind — transfers are almost always one-way and non-reversible. If you're unsure of the value, check our redemption guides before acting.

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