Software Alternatives, Accelerators & Startups

Betterment VS Varo

Compare Betterment VS Varo and see what are their differences

Betterment logo Betterment

We manage your investments so you don't have to.

Varo logo Varo

Varo is an all-in-one mobile banking solution that helps you to manage your financial needs.
  • Betterment Landing page
    Landing page //
    2023-03-25
  • Varo Landing page
    Landing page //
    2023-05-14

Betterment videos

BETTERMENT REVIEW 2020: Best Robo-Advisor Tool?

More videos:

  • Review - The #1 PROBLEM with Betterment Investing
  • Review - BETTERMENT REVIEW 2020 - Making Investing EASY

Varo videos

Varo Bank Review

More videos:

  • Review - Varo Bank Review: Best Online Bank Account of 2020?
  • Review - Chime Bank vs. Varo Bank | Which Account is Best?

Category Popularity

0-100% (relative to Betterment and Varo)
Finance
36 36%
64% 64
Personal Finance
43 43%
57% 57
Investing
100 100%
0% 0
Project Management
0 0%
100% 100

User comments

Share your experience with using Betterment and Varo. For example, how are they different and which one is better?
Log in or Post with

Reviews

These are some of the external sources and on-site user reviews we've used to compare Betterment and Varo

Betterment Reviews

When is Robinhood Coming to Australia? Alternatives for 2022
No, Betterment and Wealthfront are not available in Australia either. Only US citizens/Green Card holders are eligible to open an account on these platforms (some exceptions apply in the case of Betterment).

Varo Reviews

Top 20 Best Plaid Alternatives in 2022
Varo is an all-in-one mobile banking app that assists you in managing your finances. The goal of this platform is to restore that relationship to banking, with the primary goal of improving customers’ financial lives. Every customer has the resources they require to improve their financial situation, as well as technology that enables more personalized assistance for a...

Social recommendations and mentions

Based on our record, Betterment should be more popular than Varo. It has been mentiond 11 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

Betterment mentions (11)

  • What to do with extra $13k as a 20 year old
    Go to betterment.com and put it in their cash reserve. You'll get a good interest rate that should help at least reduce some inflation risk. Source: 12 months ago
  • Financially illiterate
    If you want a less frightening way to invest, betterment.com was my gateway into investing. It has a pre-selected basket of index funds and bonds, and you can just select your risk tolerance, set up a deposit schedule, and they take care of the rest. I started with $10/paycheck 11 years ago, and now I have almost $20,000 invested as I kept increasing my automated deposits as my salary grew. Source: about 1 year ago
  • Weekly note about a direct competitor outdoing M1+
    Also about Betterment: they too started offering crypto at exactly the wrong time, but unlike M1 they have the decency to hide it from view! If I go to betterment.com now, I don't see any reference to crypto on the main page unless you scroll all the way down to the site map at the bottom. That's something else that M1+ could offer:. Source: over 1 year ago
  • Moving out at 18, no idea how to be an adult.
    Lastly sign up for a free investment app like acorns, betterment.com, robin hood etc. Once you've got your budget setup dump everything else into those when combined with your credit card buffer you can always pull back out or preferrably reduce next months investments if you find yourself low on funds one month. Source: over 1 year ago
  • Newbie Question - Investment Account
    There are muuuuuuch better options today that Edward Jones. Your "local guy" makes a living adding maintenance costs to your account. The original poster here could do really well by checking out betterment.com and just following the on-screen prompts (they offer IRAs, too). Next time you meet with your local guy, ask him how much (the exact dollar amount) he's made from the fees on your investment account...and... Source: almost 2 years ago
View more

Varo mentions (2)

  • How can I buy the dip now. Screw you big bank
    Https://varomoney.com or use Paypal with Coinbase. Source: over 2 years ago
  • Anybody else having problems with Plaid verification with Varo Bank?
    I have had the exact same problem. Plaid tries to use my credentials for varomoney.com instead of varobank.com. I can no longer even get a small loan if needed because of this. As far as I can see Varo has ventured out on their own and are failing miserably. It has been months and months of this nonsense. Source: about 3 years ago

What are some alternatives?

When comparing Betterment and Varo, you can also consider the following products

Wealthfront - Automated, low cost investment service

Chime - Group video conversations with your friends & community

Riskalyze - Riskalyze is a quantitative system for identifying client risk tolerance, aligning portfolios to client expectations, and quantifying the suitability of investments.

MoneyLion - Moneylion is an advanced kind of fintech lender that changing the way people borrow and spend money.

HiddenLevers - HiddenLevers gives genuine business insight to C-Suites of financial institutions, customers, and productivity from the whole firm right down to the individual’s business.

Bank Of America - Welcome to Bank of America, home for all of your financial needs. Our purpose is to help make financial lives better through the power of every connection.