Lunar
Pros
- Full Nordic banking licence with deposit protection
- Savings, investing and crypto in one app
- Strong coverage across Denmark, Sweden and Norway
Cons
- Focused on the Nordic region only
- Premium features sit behind paid tiers
Neobank comparison
Lunar vs Varo Bank
Compare Lunar and Varo Bank side by side: fees, regulation, platforms.
Lunar
Best for the Nordics
Lunar is the standout licensed neobank for the Nordics, folding savings, investing and crypto into a single r…
VS
Varo Bank
Best US high-yield neobank
Varo is the rare US neobank that holds its own national bank charter, so deposits are directly FDIC insured w…
Head-to-head comparison
| Feature | Lunar | Varo Bank |
|---|---|---|
| Monthly fee | Free | Free |
| FX markup | 0% | 0% |
| Savings APY | 2.50% | 5% |
| Currencies | 4 | 1 |
| Card network | Mastercard | Visa |
| Deposit protection | Nordic deposit guarantee up to 100,000 EUR | FDIC up to 250,000 USD (Varo Bank, N.A.) |
| Regulators | - | - |
| Best for | Best for the Nordics | Best US high-yield neobank |
| Markets & account | ||
Pros & cons
Varo Bank
Pros
- Real national bank charter with direct FDIC insurance
- One of the highest savings APYs among US neobanks
- Fee-free overdraft and early direct deposit
Cons
- Top savings rate needs qualifying activity to unlock
- USD-only and US-resident only
Lunar
Lunar is the standout licensed neobank for the Nordics, folding savings, investing and crypto into a single regulated app.
Confirm current fees and rates on the provider's site. T&Cs apply.
Varo Bank
Varo is the rare US neobank that holds its own national bank charter, so deposits are directly FDIC insured while the savings rate stays at the top of the table.
Confirm current fees and rates on the provider's site. T&Cs apply.
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