How to Add Money to Venmo [Complete Guide]

Venmo is a great app that has simplified the way you can send or receive money with a cool social touch. If you are looking for an easy guide on how to add money to your Venmo Account, you are on the right post. We will cover all the ways to add money to your Venmo account, with or without using a bank account, from your debit card or credit card and other ways.

Venmo, a product of Paypal, is convenient option to make payments to your friends and family. It is especially handy in paying for common expenses like splitting your ride fare, gifts for common friends etc.

And actually, you don’t even need to have funds in your Venmo Account to make these payments. You can make payments even directly using funds from a bank account or debit card which you have linked with your Venmo app. However, if you chose to use a linked credit card to make the payment, it is chargeable to 3% Venmo fees.

But many times, you want to keep the funds in your Venmo balance, to make it easier and faster for payments. So let’s look at the ways to put money in your Venmo balance.

Pre-requisite to Adding Money to Venmo

Before adding money, make sure you have done the following-

  • Completed the Identity verification on Venmo App
  • Applied for and received the Venmo debit card
  • Linked your bank account/debit card or credit card to Venmo App which will be used to add money

As per Venmo set-up, you need to have a Venmo debit card to add money to Venmo. It’s only when you have a Venmo Debit Card, that you will see the option “Manage Balance” which allows you to add money from a linked bank account directly to their Venmo balance. If you don’t see this option, it is probably because you have not yet applied or received Venmo debit card.

How to add money to Venmo ?

To add money to your Venmo balance, you can use any of following way:

  • Way 1: Add Money from a linked bank account or debit card(No charge but takes 3-5 business days)
  • Way 2: Add Money from a linked credit card (3% charges for Credit Card and 3-5 business days)
  • Way 3: Request and receive payments from other friends (no charges and can be instant)

Using a linked bank account to add money is convenient as well as free, but will take time (Note as per Venmo terms, you should have a Venmo debit card to access this option). On the other hand, adding money from your Credit Card is subject to a 3% fees.

If you are a heavy Venmo user, you can also consider enabling auto-reload feature on Venmo Debit Card. This option lets you complete purchases on Venmo by directly pulling funds from your bank account.

So save your buck and link your bank acount or debit card to Venmo if you want to add money free.

Another important point to reiterate is that you don’t actually need to have balance in Venmo account to make a payment. You can directly pay from Venmo app using funds from a linked bank account or a linked debit card.

Another way to add money to Venmo can be adding a gift card to Venmo as a payment method and transferring the money from such gift card (as gift card is alos similar to prepaid card). I have written a post which gives a detailed guide on how to add a gift card to Venmo which provides an idea of the gift cards that can be added and the steps.

For new users, it is important to remember that Venmo has its standard verification period before you are able to full use your account. So if you have opened a new Venmo account and have not completed the Identity verification, it will allows you to do transactions only upto $299 in first week. This limit increases to $4999 for a verified account.

Also Read: How to Cash Out Venmo [Complete Guide]

Way 1: Add money to Venmo account from your Bank Account or Debit Card

If you have a Venmo Debit Card, you will see the option to add money from a verified bank account directly to their Venmo balance. If you don’t see the option to “Add Money”, it may be because you have not yet applied or received Venmo debit card.

Venmo allows you to link your bank account or debit card as a payment method and you can add money to Venmo from such linked account.

Steps to add money to Venmo From Bank Account or Debit Card:

  1. You can skip this step if you have already added a bank account to Venmo. If you have not added or linked a bank account to your Venmo profile, follow steps below.
    • Tap on “☰” icon at the top right of the app
    • Tap “Settings” and then “Payment Methods”
    • Tap “Add a bank or card…” and then select “Bank” or “Card” if you want to add a debit card
    • Select your preferred verification method. You can verify bank account using either Instant Verification through Plaid with online banking credentials (happens instantly) or through a micro-transfer (takes 1-3 business days)

2. In the Venmo app:

  • Tap the three horizontal lines “☰” icon on the top right of the app home screen, which opens up the menu
  • Tap “Manage Balance” under your user name
  • Tap “Add Money” (this option will be visible only if you have been approved for Venmo Debit Card)
  • Enter the amount you want to add and tap on “Done”
  • Select the bank account (linked earlier) you want to transfer money from and tap “Next”
  • Check and confirm the transfer information and estimated arrival date, and then tap option “Add Money”.

It is important to note that it takes 3-5 business days for the money to reflect in your Venmo balance. This is where Cash App is much more useful as it allows instant loading of its account using bank transfer option.

Also Read: Does Chime work with Venmo [Helpful Guide]

Way2: Add money to Venmo account from your Credit Card

  • Tap the three horizontal lines “☰” icon on the top right of the app which opens up the menu
  • Tap “Manage Balance” under your user name
  • Tap “Add Money
  • Enter the amount you want to add and tap on “Done”
  • Select the Linked Credit Card from which you want to make the payment

Also Read: Why is Venmo asking for my SSN

Way 3: Add Money by requesting from Friends on Venmo

Probably, the way to add money to Venmo instantly is to have your friend venmo it to you. For this,

  1. Tap on the hamburger icon (3 lines) on Venmo app home page
  2. Tap on “Search People”
  3. Enter the name or @username of friend who you want to request money from
  4. Tap “Feed” or “Between You”
  5. Tap “Pay or Request
  6. Enter the amount of money you want to receive
  7. Tap “Request” (or Pay)

Can you add money to Venmo App at any convenience store or Walmart?

Venmo does not offer any facility to add money at a convenience store or at an ATM

Also Read: How to Use Cash App Card at Gas Station

Automate the reloading of Venmo balance using Venmo debit card

An easy way to simplify the reloading of Venmo balance is to use auto-reload feature.

You can turn reloads on or off at any time by navigating to Settings → Venmo Debit Card in the Venmo app.

If you have a Venmo debit card, this also allows you to use auto-reload feature which adds money to your Venmo balance in $10 increments from your linked bank account.

Any excess funds from the reloaded funds will wait in your account for your next purchase.

Example- If you intend to make a purchase of $35 and have $10 in your Venmo balance, the auto-reload will add $30 (in multiple of $10) so that your balance is sufficient to cover the purchase. You need to make sure your linked bank account as enough balance for this purpose.

In such cases, there is usually a gap between the reload trigger which takes place when completing the purchase and the time when Venmo actually pulls the funds from your bank account- usually 1-5 business days.

You also need to note that the Venmo reload facility is available only to cover a purchase and not for ATM withdrawals

Also Read: How to Order Checks from Bank of America

Limits to Adding Money in Venmo

Another important point to note is that Venmo has certain limits to the amount that you can add to Venmo balance. The limit is a $1,500.00 weekly rolling limit for transferring funds into your Venmo balance. So you cannot add more than $1500 in a week to your Venmo balance.

The limit on reloading to your Venmo Debit Card will vary based on your individual transaction history. You can check the limits in the Venmo Debit Card section of the Venmo app.

Also Read: How to Cash a Check on Venmo [Complete Guide]

Wrap Up

While Venmo offers a number of ways to add money to your Venmo balance, it is best to use your linked bank account as against using credit card which is subject to transfer charges. However, you also need to consider time factor of 3-5 business days for funds to be available in your Venmo account and its not an instant transfer.

Alternatively, its may make sense to use auto- reload on your Venmo debit card to take care of immediate purchase requirement. Venmo also doesnt require you to actually have funds in your Venmo balance and you can directly make payment using your linked bank account itself.

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