Updated September 29, 2026 · VaultCue Editorial Team
Varo Bank vs ZEN.COM
Varo Bank
ZEN.COM
Higher score in this comparison
Varo Bank vs ZEN.COM: the differences
| Compare | Varo BankReviewSee alternativesSee alternatives | ZEN.COMReviewSee alternativesSee alternatives |
|---|---|---|
| Monthly fee | $0 | €0 |
| Deposit protection | FDIC up to USD 250,000 | EU DGS up to EUR 100,000 |
| Local account details | Us ACH | IBAN |
| Free ATM withdrawals | $0 | €0 |
| Transfer fee | Free | Currently free (standard fee 0.25 EUR) |
| Licence type | Bank | Not confirmed |
| Currencies | Not confirmed | 35 |
Same on both: Currency conversion fee (0%).
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Key differences
- ZEN.COM scores higher overall: 9.3 vs 8.9.
- ZEN.COM is licensed in 2 more countries.
- ZEN.COM is available in 31 more countries.
- Local account details: only Varo Bank offers Us ACH.
- Local account details: only ZEN.COM offers IBAN.
- Support channels: only Varo Bank offers Phone.
- Pricing model: only ZEN.COM offers Low FX.
- Features: only Varo Bank offers Digital only, No credit check.
Our verdict on each
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.
ZEN.COM
ZEN.COM suits expats and travellers who want a euro account that spends across borders without a monthly charge. Currency conversion runs at 0% and the monthly fee is €0, so the saving sits in how often you change money rather than in account upkeep. EU deposits sit under EU DGS up to EUR 100,000.
Score breakdown
| Area | Varo Bank | ZEN.COM |
|---|---|---|
| Cost | 9.3 | 9.4HigherMonthly fee of €0, currency conversion fee of 0% and transfer fees of Currently free (standard fee 0.25 EUR). |
| Offer | 9.0 | 9.2HigherHolds 35 currencies, hands out local IBANs and pays a free ATM allowance of €0. |
| Trust | 8.5 | Not confirmed |
Availability and regulation
| Country | Varo Bank | ZEN.COM |
|---|---|---|
| Lithuania | Not confirmed | Bank of Lithuania LB000457 |
| Singapore | Not confirmed | |
| United Kingdom | Not confirmed | Financial Conduct Authority 1000019 |
| United States | FDIC FDIC cert 59190 | Not confirmed |
Additional countries for Varo Bank: 1. Additional countries for ZEN.COM: 32.
Spending 1,000 abroad
Varo Bank
0
0% of 1,000
ZEN.COM
0
0% of 1,000
Both come to the same total.
Worked out from the stated prices and rates; your own total depends on how you use it. Facts checked September 26, 2026.
Every fact side by side
| Fact | Varo Bank | ZEN.COM |
|---|---|---|
| Audience | Not confirmed | Expats, Travelers |
| Pricing model | No monthly fee | No monthly fee, Low FXCovers more |
| Features | Free ATM, Digital only, No credit checkCovers more | Free ATM |
| Legal entity | Varo Bank, National Association | UAB ZEN.COM |
| Headquarters | United States | Lithuania |
| Founded | 2015 | Not confirmed |
| Support channels | Email, Chat, Phone, Help centreCovers more | Email, Chat, Help centre |
Where each stands against the rest
| Fact | Varo Bank | ZEN.COM | Median |
|---|---|---|---|
| Currency conversion fee | 0%below the median | 0%below the median | 0.5% |
| Currencies | Not confirmed | 35highest quarter | 5 |
Median across 536 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
ZEN.COM
Pros
- Monthly fee of €0 keeps the account free to hold
- Currency conversion fee of 0% beats the 0.5% site median
- Local account details in the form of iban let you get paid like a local
Cons
- Support runs on email, chat and help centre only, with no phone line
- Standard transfer fee is higher than the current free transfer, at Currently free (standard fee 0.25 EUR)
- Currencies count of 35 trails brands near the top of our multi-currency list
Who each suits
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
ZEN.COM
Who it suits
- Expats and travellers named as the audience for the account
- Anyone paid in euros who wants local account details
- People who change currency often and mind conversion cost more than the account type
Who should look elsewhere
- Skrill, if you compare conversion cost and its fee sits well above the site median of 0.5%
- eToro, if you want a broader account rather than a euro card first
- PayPal Colombia, if you need local details outside the euro area rather than iban
Current offers
ZEN.COM
Current offer
Free trial
Try ZEN.COM free for 30 days: 30 days free
Source, checked September 26, 2026
Country by country
| Country | Varo Bank | ZEN.COM |
|---|---|---|
| Austria | No | Yes |
| Belgium | No | Yes |
| Bulgaria | No | Yes |
| Croatia | No | Yes |
| Cyprus | No | Yes |
| Czechia | No | Yes |
| Denmark | No | Yes |
| Estonia | No | Yes |
8 of 33 countries where either is available.
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.
ZEN.COM
What does ZEN.COM cost to keep open?+
The monthly fee is €0, so holding the account costs nothing. That sits at the site median of €0 and matches the pattern across our listings, where most free accounts cluster at the lower quartile of €0.
How much does it cost to change currency?+
The currency conversion fee is 0%, which ranks ZEN.COM at 1 of 312 brands. For comparison, the site median is 0.5% and the upper quartile reaches 2.08%, so most rivals charge more.
Other options to compare
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Related by the facts
Varo Bank
ZEN.COM