Earn up to 6% cash back at select retailers offers listed in the Varo app.If you make a direct deposit of $200 or more, you'll qualify for Chime Spot Me, which covers you for free if you overdraw from your account (maximum of $20 to $200 depending on your account history).Savings tool that allows you to round up debit card purchases and transfer your spare change to your savings account.Early direct deposit pays you up to 2 days early.We've compared Varo and Chime's banking products to help you distinguish which company has the best high-yield savings account and best checking account for you. This means you may qualify for an account even if you don't at other banks, making them two of the best second chance banking options. Neither bank checks your credit score or banking history when you apply for an account. Both offer online savings and checking accounts with zero monthly bank maintenance fees and no minimum opening deposit. If you're looking to open both a checking account and a savings account with an above-average interest rate, Varo or Chime might be worth considering. Read Insider's reviews of Chime and Varo.If you'd like to open a savings account, too, the Varo Savings Account pays a higher interest rate.
Chime and Varo offer an equally competitive fee-free online checking account.Varo is an online bank and Chime is a fintech company both offer checking and savings accounts.
