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How to Close Varo Account
Varo Money is a digital banking platform that offers a range of financial services, including checking and savings accounts. However, if you find that Varo no longer meets your banking needs or you simply want to close your account, you can do so easily. Here is a step-by-step guide on how to close your Varo account.
Step 1: Transfer Your Funds
Before closing your Varo account, make sure to transfer any remaining funds to another bank account. You can do this by linking an external bank account and initiating a transfer from Varo to that account. Alternatively, you can withdraw cash from an ATM or make a purchase using your Varo debit card to deplete the funds in your account.
Step 2: Contact Varo Customer Support
To close your Varo account, you will need to get in touch with their customer support team. You can reach out to Varo by sending an email to help@varomoney.com or by calling their customer support number. It is recommended to call them during their business hours for a quicker response.
Step 3: Provide Necessary Information
When contacting Varo customer support, you will need to provide specific details about your account, such as your full name, email address, and phone number associated with the account. They may also ask for some additional verification information to ensure the security of your account closure request.
Step 4: Follow Instructions
The Varo customer support team will guide you through the process of closing your account. They may ask you to confirm your decision and provide any additional information they require. It is important to carefully follow their instructions to ensure a smooth account closure.
Step 5: Verify Closure
After you have completed the necessary steps and provided the required information, Varo will verify the closure of your account. They will send you a confirmation email or notification stating that your account has been closed. It is advisable to keep this confirmation for your records.
FAQs
Q: Are there any fees associated with closing a Varo account?
A: No, closing your Varo account is free of charge. However, make sure to clear any outstanding balances or pending transactions before initiating the closure process.
Q: Can I reopen a closed Varo account?
A: No, once you have closed your Varo account, it cannot be reopened. You will need to create a new account if you wish to use Varo banking services again.
Q: How long does it take to close a Varo account?
A: The account closure process usually takes a few business days. However, the exact timeframe may vary depending on the volume of requests and other factors.
Q: Will closing my Varo account affect my credit score?
A: No, closing your Varo account will not impact your credit score as Varo does not perform credit checks.
Q: Can I close my Varo account through the mobile app?
A: No, currently, the only way to close your Varo account is by contacting their customer support team via email or phone.
In conclusion, closing your Varo account is a straightforward process that involves transferring funds, contacting customer support, providing necessary information, and following their instructions. By following these steps, you can successfully close your Varo account when needed.
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