Updated October 16, 2026 · VaultCue Editorial Team
FNB Botswana virtual card vs Varo Bank
FNB Botswana virtual card
Varo Bank
Higher score in this comparison
What sets them apart
| Compare | FNB Botswana virtual cardReviewSee alternativesSee alternatives | Varo BankReviewSee alternativesSee alternatives |
|---|---|---|
| Transfer fee | P9.40 (BWP) per eWallet Send Money | Free |
| Monthly fee | Not confirmed | $0 |
| Licence type | Not confirmed | Bank |
| Deposit protection | Not confirmed | FDIC up to USD 250,000 |
| Currency conversion fee | Not confirmed | 0% |
| Local account details | Not confirmed | Us ACH |
| Free ATM withdrawals | Not confirmed | $0 |
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Our verdict on each
FNB Botswana virtual card
The retained FNB Botswana homepage names First National Bank of Botswana Limited and gives a registration number.
Varo Bank
Varo Bank suits people who want a free digital bank account and an easy-access savings balance without a minimum deposit. It charges a monthly fee of $0, pays a variable rate of 1% to 3.75% and holds deposits under FDIC up to USD 250,000.
Score breakdown
| Area | FNB Botswana virtual card | Varo Bank |
|---|---|---|
| Cost | Not confirmed | 9.3 |
| Offer | Not confirmed | 9.0 |
| Trust | Not confirmed | 8.5 |
How they place
| Ranking | FNB Botswana virtual card | Varo Bank |
|---|---|---|
| Current and checking accounts | 532 of 885 | 120 of 885 |
Every fact side by side
| Fact | FNB Botswana virtual card | Varo Bank |
|---|---|---|
| Pricing model | Not confirmed | No monthly fee |
| Features | Not confirmed | Free ATM, Digital only, No credit check |
| Legal entity | First National Bank of Botswana Limited | Varo Bank, National Association |
| Headquarters | Botswana | United States |
| Founded | Not confirmed | 2015 |
| Support channels | Phone | Email, Chat, Phone, Help centreCovers more |
Money transfer
| Fact | FNB Botswana virtual card | Varo Bank |
|---|---|---|
| Delivery time | Instant | Not confirmed |
| Payout methods | Wallet | Not confirmed |
| Fee to send 1,000 | BWP 9.40 | Not confirmed |
Where each stands against the rest
| Fact | FNB Botswana virtual card | Varo Bank | Median |
|---|---|---|---|
| Monthly fee | Not confirmed | $0at the median | $0 |
| Currency conversion fee | Not confirmed | 0%below the median | 0.5% |
| Free ATM withdrawals | Not confirmed | $0at the median | $0 |
Median across 377 listed accounts.
Pros and cons
Varo Bank
Pros
- A monthly fee of $0 applies, matching the site median of €0
- The savings account takes a minimum deposit of $0 and pays a variable rate of 1% to 3.75%
- Transfers are free and the ATM allowance is $0
Cons
- The savings rate is variable, so the 1% to 3.75% range can move
- The service is digital-only, which needs a phone and app access for everyday banking
- It is a US bank licence, and the local payment detail is us ach
Who each suits
FNB Botswana virtual card
Who it suits
- Readers checking the retained FNB Botswana company identification and service categories.
Varo Bank
Who it suits
- You want a savings balance you can reach at any time from the app
- You want no monthly charge on the everyday account
- You want a bank rather than an e-money or payment institution
Who should look elsewhere
- You want a fixed-rate term deposit, since the rate here is variable
- You need branches or in-person service, as the service is digital-only
- You need euro or UK payment details, and the local detail is us ach
Country by country
| Country | FNB Botswana virtual card | Varo Bank |
|---|---|---|
| Botswana | Yes | No |
| United States | No | Yes |
Questions about each
Varo Bank
What does Varo Bank charge each month?+
Varo Bank charges a monthly fee of $0 on the everyday account, which matches the site median of €0. Transfers are free and the ATM allowance is $0, so day to day banking costs nothing extra.
How much interest does the Varo savings account pay?+
The savings account pays a variable rate of 1% to 3.75%. Because the rate is variable, the range can move over time. The site median headline rate is 3%, so this sits at the higher end of typical savings listings.
Is there a minimum deposit to open the savings account?+
The minimum deposit is $0, so you can start with a small balance. The account also has no savings cap, and Varo ranks first on minimum deposit among the brands compared.
Is my money protected and who regulates Varo Bank?+
Varo Bank, National Association is a US bank regulated by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, listed as FDIC cert 59190. Deposits carry FDIC up to USD 250,000, and the rate is paid on an easy-access basis of easy access.
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Related by the facts
FNB Botswana virtual card
Varo Bank