Neobank comparison
Compare Revolut and Varo Bank side by side: fees, regulation, platforms.
Best all-rounder
Revolut packs the widest range of money features into one app. It is the default pick for travellers and anyo…
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…
| Feature | Revolut | Varo Bank |
|---|---|---|
| Monthly fee | Free | Free |
| FX markup | 0.50% | 0% |
| Savings APY | 1.74% | 5% |
| Currencies | 36 | 1 |
| Card network | Visa and Mastercard | Visa |
| Deposit protection | Safeguarded (FCA); DGS up to 100,000 EUR via Revolut Bank in the EEA | FDIC up to 250,000 USD (Varo Bank, N.A.) |
| Regulators | - | - |
| Best for | Best all-rounder | Best US high-yield neobank |
| Markets & account | ||
Revolut
Revolut packs the widest range of money features into one app. It is the default pick for travellers and anyone who wants spending, saving and investing under one login.
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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