Common use of Advance Amounts Clause in Contracts

Advance Amounts. All Varo Advance Accounts that meet the Eligibility Criteria above will be eligible for at least a $20 Advance. Subject to our underwriting standards (described below), you may become eligible for a higher Credit Limit (defined below). Your qualifications based on our underwriting standards will be evaluated periodically. You may only have one Advance outstanding at a time. You are limited to receiving one Advance per calendar day, even if you repay in full on the same calendar day. We evaluate all information and history available to us from all of your Varo accounts or accounts you have linked to Varo, including your Qualifying Direct Deposit history, transaction history, Varo Advance repayment history, and any credit, employment, income, or other investigative inquiries we deem appropriate to determine your maximum Varo Advance amount available (your “Credit Limit”) and to qualify you for higher limits.