Neobank comparison
Compare Varo Bank and ZEN 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 cross-border shoppers
ZEN leans into rewards and multi-currency spending for cross-border shoppers, with a money-back guarantee tha…
| Feature | Varo Bank | ZEN |
|---|---|---|
| Monthly fee | Free | Free |
| FX markup | 0% | 0% |
| Savings APY | 5% | - |
| Currencies | 1 | 32 |
| Card network | Visa | Mastercard |
| Deposit protection | FDIC up to 250,000 USD (Varo Bank, N.A.) | Safeguarded (Lithuanian EMI licence) |
| Regulators | - | - |
| Best for | Best US high-yield neobank | Best for cross-border shoppers |
| 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.
ZEN
ZEN leans into rewards and multi-currency spending for cross-border shoppers, with a money-back guarantee that few rivals match.
Confirm current fees and rates on the provider's site. T&Cs apply.
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