Updated September 29, 2026 · VaultCue Editorial Team
Satispay vs Varo Bank
Satispay
Higher score in this comparison
Varo Bank
Satispay vs Varo Bank: the differences
| Compare | SatispayReviewSee alternativesSee alternatives | Varo BankReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | €0 | $0 |
| Deposit protection | EU DGS up to EUR 100,000 | FDIC up to USD 250,000 |
| Currency conversion fee | 0.5% | 0%Lower |
| Local account details | IBAN | Us ACH |
| Free ATM withdrawals | €200 | $0 |
| Transfer fee | Free to send and receive money to contacts and for SEPA transfers (0 EUR); instant availability top-up 1.00 EUR | Free |
| Licence type | Not confirmed | Bank |
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Key differences
- Founded is lower at Satispay: 2014 vs 2015.
- Satispay is available in 29 more countries.
- Currency conversion fee is lower at Varo Bank: 0% vs 0.5%.
- Local account details: only Satispay offers IBAN.
- Local account details: only Varo Bank offers Us ACH.
- Support channels: only Varo Bank offers Chat.
- Pricing model: only Satispay offers Low FX.
- Features: only Varo Bank offers No credit check.
Our verdict on each
Satispay
Satispay suits everyday spenders and travellers who want no monthly charge, cheap currency conversion and instant transfers between users. The monthly fee is €0, the conversion fee is 0.5%, and the trade off is the savings yield, which sits at 2.61% against a site median of 3%.
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 | Satispay | Varo Bank |
|---|---|---|
| Cost | 9.2Monthly fee of €0, currency conversion fee of 0.5% and free transfers to contacts sit well against the site median of 0.5%. | 9.3Higher |
| Offer | 9.3HigherSavings pay 2.61% at a variable rate with a €0 minimum, plus €200 of free ATM use. | 9.0 |
| Trust | 8.5 | 8.5 |
Spending 1,000 abroad
Satispay
5
0.5% of 1,000
Varo Bank
0
0% of 1,000
Varo Bank comes out 5 lower in this example.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Choosing between them
Pick Satispay if offer matter most.
Pick Varo Bank if currency conversion fee matter most.
What we checked
Satispay
- satispay.com: 12 facts, checked September 26, 2026
- euclid.eba.europa.eu: 1 fact, checked September 26, 2026
Varo Bank
- varomoney.com: 8 facts, checked September 26, 2026
- banks.data.fdic.gov: 3 facts, checked September 26, 2026
- support.varomoney.com: 1 fact, checked September 26, 2026
How they place
| Ranking | Satispay | Varo Bank |
|---|---|---|
| Savings accounts | 435 of 1420 | 440 of 1420 |
| Online banks | 133 of 402 | 134 of 402 |
Every fact side by side
| Fact | Satispay | Varo Bank |
|---|---|---|
| Audience | Travelers, Business | Not confirmed |
| Pricing model | No monthly fee, Low FXCovers more | No monthly fee |
| Features | Free ATM, Digital only | Free ATM, Digital only, No credit checkCovers more |
| Legal entity | Satispay Europe SA | Varo Bank, National Association |
| Headquarters | Luxembourg | United States |
| Founded | 2014Lower | 2015 |
| Support channels | Email, Phone, Help centre | Email, Chat, Phone, Help centreCovers more |
Savings
| Fact | Satispay | Varo Bank |
|---|---|---|
| Headline rate | 2.61% | 1% to 3.75%Higher |
| Rate type | Variable | Variable |
| Minimum deposit | €0 | $0 |
| Access terms | Immediate availability, no lock-in, no withdrawal limits; savings moved instantly to Disponibilita | No minimum balance or deposit, no savings cap, access in the Varo app with free instant transfers |
| Account kind | Easy access | Easy access |
Money transfer
| Fact | Satispay | Varo Bank |
|---|---|---|
| Exchange rate markup | 0.5% to 1% | Not confirmed |
| Delivery time | Real time, instant between Satispay users | Not confirmed |
| Payout methods | Bank, Wallet, Card | Not confirmed |
| Fee to send 1,000 | €0 | Not confirmed |
Where each stands against the rest
| Fact | Satispay | Varo Bank | Median |
|---|---|---|---|
| Currency conversion fee | 0.5%at the median | 0%below the median | 0.5% |
Median across 377 listed accounts.
Pros and cons
Satispay
Pros
- A monthly fee of €0, and Satispay ranks 1 of 500 on cost
- Transfers between Satispay users are Real time, instant between Satispay users, and the transfer fee to contacts is €0
- Savings pay 2.61% at a variable rate from a €0 minimum, with immediate availability
Cons
- The savings yield of 2.61% trails the 3% site median
- Cash pickup is not among its payout methods (bank, wallet and card), which cover a bank, a wallet or a card
- The currency conversion margin runs 0.5% to 1%, above the 0.9% site median
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
Satispay
Who it suits
- Everyday spenders who want an account with no monthly charge and free transfers
- Travellers paying in several currencies who weigh the conversion fee before the rate
- People holding a savings balance they can draw on immediately, with no lock in
Who should look elsewhere
- Skrill or bunq if you want a different provider altogether, since their conversion fees of 3.99% and 3% mean switching does not cut your cost
- PayPal Colombia if you want a wallet for international shopping rather than an everyday euro account
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
Current offers
Satispay
Current offer
Bonus
Welcome Bonus 5 EUR with code WEB: 5 EUR
Sign up by downloading the app and use code WEB
Source, checked September 26, 2026
Country by country
| Country | Satispay | Varo Bank |
|---|---|---|
| Austria | Yes | No |
| Belgium | Yes | No |
| Bulgaria | Yes | No |
| Croatia | Yes | No |
| Cyprus | Yes | No |
| Czechia | Yes | No |
| Denmark | Yes | No |
| Estonia | Yes | No |
8 of 31 countries where either is available.
Questions about each
Satispay
What does Satispay cost to keep?+
The monthly fee is €0, and no monthly charge is the model listed. Sending and receiving money to contacts and SEPA transfers costs €0. The one extra charge to know is the instant availability top up.
What does it cost to convert currency?+
Conversion costs 0.5%, and the applied margin runs 0.5% to 1%. That sits at the 0.5% site median, while the highest conversion fees on the site reach 7%. Travellers can weigh it against the bank rate.
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.
Other options to compare
Other matchups
Related by the facts
Satispay
Varo Bank