How to Get Money from Your Venmo Account

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Venmo is a mobile app that lets you easily pay your friends and family. How does it work? By syncing your bank account or a credit card, you can use this PayPal service to split an Uber or a meal without needing cash or checks.

How to get money in Venmo?
Getting money into your Venmo account can be done in several ways, depending on whether you’re receiving payments from others or transferring money into Venmo from your bank. Here’s a comprehensive guide:
Receiving Money from Others
Venmo is primarily designed for peer-to-peer payments, allowing you to receive money from friends, family, or other contacts. To receive money:
Share Your Venmo Handle: Tell others your Venmo username, which they can use to send you money.
Scan Your QR Code: You can find your unique QR code in the Venmo app. Open the app, tap on the profile icon or three lines, then tap „Scan Code” or „Show to Others.” They can scan this to send you money.
Request Payment: If someone owes you money, you can send a payment request. Open the Venmo app, tap the „+” button, choose the person, enter the amount, and select „Request.” They will receive a notification to pay you.
When someone sends you money, it will appear in your Venmo balance. You can leave it there for future payments or transfer it to your bank account.
Adding Money to Venmo from a Bank Account
If you need to fund your Venmo account, you can transfer money from your linked bank account. This can be useful for covering payments when your Venmo balance is low. Here’s how to do it:
Link a Bank Account: Ensure you’ve linked your bank account to Venmo. Tap the menu icon, go to „Settings,” then „Payment Methods.” Select „Add a bank or card” and follow the instructions to link a bank account.
Add Money to Venmo: Open the Venmo app, tap on your balance or the „☰” icon, then select „Manage Balance” or „Add Money.” Enter the amount you want to add and confirm the bank account. This might take 1-3 business days, depending on your bank.
Confirm the Transfer: Follow the prompts to complete the transfer. Once done, the money will appear in your Venmo balance.
Receiving Payments from Merchants or Employers
Venmo also allows you to receive payments from approved businesses or employers. This can happen in several ways:
Direct Deposits: If you have a Venmo debit card, you can set up direct deposit with your employer. This will require sharing specific account details with your employer’s payroll department.
Merchant Transactions: If you’re selling goods or services, some merchants can pay via Venmo. They can send money to your Venmo account as part of their payment processing system.
Important Considerations
Verify Your Account: To access higher limits and enable certain features (like instant transfers), verify your identity with Venmo.
Security: Always double-check who you’re sending or receiving money from to avoid scams or unauthorized transactions.
These are the primary ways to get money into your Venmo account. Depending on your needs, you can choose the method that best suits your circumstances.
Syncing a bank account to your Venmo account
Before you can transfer funds from Venmo into your bank, you need to add a bank account. Follow these steps:
Tap the icon in the top left corner.This appears as three horizontal lines (☰).
Choose Transfer to Bank from the menu.
Tap the Link Bank Account button.

Choose your bank from the existing list.
Enter your login credentials.

If your bank does not appear, choose Other at the bottom. If you choose this option, you will need to add your routing number, and account number.
Verify your bank account.
Some banks are approved for instant verification. If your bank qualifies, simply enter your bank credentials and it will verify your account.

If your bank is not approved for instant verification, you can verify by confirming microtransfers. Simply add your account information, then visit Venmo’s Bank Verification page and enter the amounts of the transfer.

Now you can transfer money to your bank from Venmo.

If you have verified your identity, you can transfer up to $19,999 each week with Venmo. Transfers to your bank account normally take one full business day to fulfill and are usually appear in your account as a deposit by something similar to “VENMO-0 CASHOUT.”

When making purchases, Venmo will automatically use your Venmo balance unless otherwise specified. If the amount does not fully cover your purchase, Venmo will withdraw the full amount from your connected account.
Transferring money from your Venmo account
To transfer money, follow these steps:
Tap the icon in the top left corner.

This appears as three horizontal lines (☰).
Choose Transfer to Bank from the menu.
Choose the amount that you want to transfer.
Tap the Transfer button.
Once completed, select the Confirm Transfer to Bank button.
Look for the amount to appear in your bank account within one full business day.

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