Neobank comparison
Compare Varo Bank and Wise side by side: fees, regulation, platforms.
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…
Best for multi-currency and FX
Wise is the benchmark for cross-border money: the lowest published FX markup we track and genuine local accou…
| Feature | Varo Bank | Wise |
|---|---|---|
| Monthly fee | Free | Free |
| FX markup | 0% | 0.43% |
| Savings APY | 5% | 3.39% |
| Currencies | 1 | 40 |
| Card network | Visa | Mastercard |
| Deposit protection | FDIC up to 250,000 USD (Varo Bank, N.A.) | Safeguarded (FCA-authorised e-money) |
| Regulators | - | - |
| Best for | Best US high-yield neobank | Best for multi-currency and FX |
| Markets & account | ||
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.
Wise
Wise is the benchmark for cross-border money: the lowest published FX markup we track and genuine local account details make it the account to hold foreign currency in.
Confirm current fees and rates on the provider's site. T&Cs apply.
Line up any two accounts side by side, or browse the full list to find your next platform.