Varo Money vs Banco Inter.
Varo Money (V82/100) and Banco Inter (B76/100), scored on the same six pillars and compared row-by-row. Every cell is sourced from licence registers and live pricing pages, not opinion. A close tie.
| B Banco Inter №16 · BACEN 76 /100 | V Varo Money №04 · OCC 82 /100 | |
|---|---|---|
| Score | ||
| Composite score Out of 100 | 76 /100 | 82 /100 |
| Fees | ||
| Monthly fee Cheapest paid tier (€0 if free) | €0 Free tier | €0 Free tier |
| FX markup Debit card abroad | Interbank | Interbank |
| Free FX / month EUR equivalent | €0 | €0 |
| Free ATM Before fee kicks in | — | — |
| Protection | ||
| Banking licence Tier | Full bank BACEN | Full bank OCC |
| Deposit guarantee Per depositor | €250,000 BR.FGC | $250,000 US.FDIC |
| Reach | ||
| Markets served Licensed jurisdictions | 2 countries | 1 country |
| Crypto Coins available | 8 coins | No |
| Stocks & ETFs Self-directed | Yes | No |
| UX | ||
| Trustpilot Customer score | 2.8 ★ 1k reviews | 4.2 ★ 8k reviews |
| App store iOS + Android avg | 4.5 ★ iOS 4.6 · And 4.4 | 4.6 ★ iOS 4.7 · And 4.5 |
| Read review → | Read review → | |
Pick Banco Inter if…
Brazilian full-bank digital pivot success story (since 2015). ~33M customers across Conta + Inter Invest + Inter Shop. Public on NASDAQ: INTR (formerly B3). Inter Shop (cashback marketplace) is a unique super-app feature in Brazilian neobanking.
Pick Varo Money if…
First US neobank to receive an OCC national bank charter (July 2020). Direct FDIC member — your money sits at Varo Bank, N.A., not a sponsor. Headline 5.00% APY savings rate on the first $5K with direct deposit — among the highest in the US neobank market.
- Best for fees Tied
- Best for protection Tied
- Best for reach Banco Inter won 3 of 3
- Best for ux Varo Money won 2 of 2
Varo Money vs Banco Inter — FAQ
Quick answers to the four questions the search-bar asks most about a head-to-head.
Is Banco Inter better than Varo Money?
Banco Inter and Varo Money are tied 3–3 across 12 dimensions under our v3 methodology. Composite scores: Banco Inter 76/100 vs Varo Money 82/100. The right pick depends on which dimension you weight most heavily.
Is Banco Inter or Varo Money cheaper?
Monthly fee — Banco Inter: €0; Varo Money: €0. Card FX markup — Banco Inter: Interbank; Varo Money: Interbank. Tied across fee rows. See the Fees section of the matrix above for ATM caps and the rest.
Which is safer for deposits, Banco Inter or Varo Money?
Banco Inter holds a Full bank licence under BACEN; deposit guarantee per depositor: €250,000. Varo Money holds a Full bank licence under OCC; deposit guarantee per depositor: $250,000. Both score equally on regulatory protection rows.
Where can I use Banco Inter and Varo Money?
Banco Inter operates in 2 countries; Varo Money operates in 1 country. Check each provider's signup page for the live country list — eligibility depends on residency, not just the licence footprint.
Want a 3- or 4-way comparison?
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