Varo Bank Unveils $100,000 Emergency Fund Giveaway

Digital banking group Varo Bank announced on Monday the launch of Varo for Tomorrow, which is described as an emergency fund giveaway aimed to help Americans get started on their savings journey for 2021 and build durable financial resilience for years to come. The giveaway’s description reads:

“An emergency fund is money set aside for unexpected life events, like a trip to the vet, a car repair, a hospital stay or a leaky roof.  It is one of the most fundamental steps towards long-term financial resilience, yet nearly 70% of Americans have less than $1,000 saved for an emergency. Varo for Tomorrow is designed to help Americans start their savings journey or replenish a spent emergency fund, paving the way toward greater financial security.”

Read more: Crowdfund Insider