A bank that will lend you an extra $20 / myLot

United States

August 11, 2021 4:38pm CST

I keep hearing a commercial for an online bank--Varo. What keeps catching my attention is that they are promoting the fact that they will lend customers "an extra $20" when they need it. I keep thinking "what is $20 really going to solve?" I guess it can put some gas in the tank of your car or a few items in your refrigerator if you are really in dire straits. It just seems like an odd marketing stance for the bank.

https://www.varomoney.com/apply-simple/?msclkid=d02a93f2c67b13de6d3ff2e6841d60cd&utm_source=bing&utm_medium=cpc&utm_campaign=VB%

www.varomoney.com

https://www.varomoney.com/apply-simple/?msclkid=d02a93f2c67b13de6d3ff2e6841d60cd&utm_source=bing&utm_medium=cpc&utm_campaign=VB%20%7C%20Search%20%7C%20Brand%20%7C%20Exact&utm_term=varo%20bank&utm_content=Varo%20Bank

8 people like this

7 responses

vikingswest

@Vikingswest1 (6305)

• United States

11 Aug 21

There is a 5 dollar service fee connected with a loan of 20 dollars. It must be repaid in 30 days. It can be helpful to someone short that month. If you're out using the card and your balance is less than the bill, it might be a lifesaver. I do think that 5 dollars is kind of high for a 30 day loan of 20 bucks.

3 people like this

Lenore Plassman

@sallypup (58048)

• Centralia, Washington

11 Aug 21

Years ago when my daughter was small we found twenty dollars. In those days that meant days of sure food so we were delighted. That's a shady deal from that bank.

2 people like this