What is Varo on Swagbucks?
Varo is a new kind of bank with no hidden fees. Like any bank what you to deposit and keep your money there.
What’s the challenge?
The challenge is straightforward. Here’s the instruction from Swagbucks’ website.
- Must link a bank account and deposit $25 or more.
- Must use the same email address as your account when signing up.
- Your award will not Pend. Allow 45 days for the award to appear in your account.
Why was Varo created?
Varo’s CEO Colin Walsh shares why he created Varo. The video is just over 2 minutes long and worth watching. The gist is that it costs money to properly support banking customers. Many banks focus on customers with a lot of money because of this. Varo decided to be the bank for all.
How much can you earn from Swagbuck for Varo?
At this time, you can earn $120. This amount may be more in the future. It really depends on how much Truebill is willing to pay to acquire customers.
What is the Varo Swagbucks offer?
This one is super simple. All you have to do is download the app and deposit funds. Just don’t cancel Varo for 7 days. You can have the offer rejected by Swagbucks for this.
That’s it. Fortunately, this one is pretty easy to finish. If you run into a problem, ask any questions in the comment section.
How does Varo Bank support so many customers?
Varo is a 100% online bank. Varo doesn’t need physical space to operate. Since Varo Bank is completely online, all its work is focused on supporting its online experience. If a company can do all operations online, the company can avoid a lot of costs that incur if you operate in the physical world.
Think about other banks that have physical locations. You can go into one of their locations if you need to and they will help you. The truth is that the bank has to pay for that space. For example, they have to pay for leasing, electricity, security, etc. Varo has none of those costs. Varo Bank’s cost to support a customer is very low compared to other banks.
Does Varo Bank offer cashback through Swagbucks?
Yes, Varo Bank offers up to 6% cashback as of writing this post. You can see this on their website. I’ve added a screenshot below for reference. I love how they’re using honest Abe at social proof.
The Varo Bank cashback offer is valid if you use Swagbucks or other similar programs to sign up. This is a service that Varo Bank currently provides to all its customers. However, make sure you read all the rules governing this program. It’s a little different than other programs.
How can I make more money with apps like Swagbucks?
Have you heard of Ibotta or Receipt Pal? These apps operate similarly to Swagbucks. You scan a receipt and get paid to do this.
I’m going to tell you about a little secret called side hustle staking. In this case, you can take a receipt you scanned in Swagbucks and reuse it in another app. You can get paid at least 4 times with the same receipt if you follow the instructions in this post.
What should you do with the money?
You can do whatever you like. However, I would encourage you not to blow it. I would think about taking your earnings and making them into a passive income stream. You can get $10 to start for free if you use this link. Public is an excellent choice to buy fractional stocks and crypto-currencies. You can start with a really small amount of money.
Note: The suggestion above is not financial advice. I’m sharing my personal opinion. If you would like to learn more about business and my thoughts on leveraging Swagbucks effectively, check out more of my work. Also, there are referral links in the post.