How to Add Money to Venmo App [Easy Guide]

In this post, we are going to share the easy guide on how to add money to your Venmo Account. Venmo is a great app that has simplified the way you receive or send money with a cool social touch.

As Venmo is owned by Paypal, there is also a level of trust users have on this app. It’s a great way to make payments to your friends and family especially handy in sharing common expenses like splitting you ride fare, gifting your friends etc.

With Venmo, you can make payments directly from your linked bank account, card or using Venmo balance.

But many times, you want to keep the funds in your Vendor balance which can be more convenient and faster for payments.

So how do you add money to Venmo ? To add money to your Venmo balance, you can

  • Add Cash from a linked bank account (No charge but takes 3-5 business days)
  • Add Cash from a linked debit or credit card (3% charges and 3-5 business days)
  • Request and receive payments from others

Using your linked bank account to add money is best as it is not only fast and convenient, but also free (Not 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 or Debit Card is subject to a 3% fees.

Also, there’s no way to deposit cash or checks directly to your Venmo account, 

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

Another important point to consider 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 a linked bank account or using a linked credit or debit card.

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.

Before adding money make sure-

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

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

How to add money to Venmo account from your Bank Account

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.

Just follow these steps:

1. Add a bank account to your Venmo profile and verify it using either Instant Verification or through a microtransfer

2. In the Venmo app:

  • 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” (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 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.

How to add money to Venmo account from your Credit Card or Debit 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 or Debit Card from which you want to make the payment

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

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

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.

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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