Does Chime work with Venmo? [2022 Detailed Guide]

Chime and Venmo are two popular payment apps with millennials. If you are looking to make these two great apps work together and get the best of both, you are on the right post. It is indeed possible to make Chime work with Venmo. And in this post, we will cover all the steps on how to link your Venmo account to Chime and transfer funds from Chime to Venmo account and vice versa.

Chime and Venmo Compatability

While Chime is not a bank in itself (being a Fintech company), it offers online-only banking services in partnership with The Bancorp Bank and Strides Bank, N.A.

The Chime app gives you all the features and services of a bank like direct deposit, mobile cheque deposit, ATM access,  etc.with almost no fees. Not to mention the FDIC insurance of up to USD 250K through its bank partners.

Venmo app, on the other hand, allows you to send or split money with your friends with a cool social touch. Being owned by Paypal, it has a rapidly growing user base and keeps adding new features.

Chime is a banking app while Venmo is a mobile wallet that makes it easy to make payments to your friends and family members.

Being a mobile wallet, Venmo allows you to link your external bank account or debit card as payment method in the app and make payments directly from such linked account or card.

Does Chime work with Venmo?

Yes, you can use Chime with Venmo, by adding your Chime debit card or Chime bank account as a payment method in Venmo app. Venmo App allows you to link Chime bank account (using Plaid Verification) or Chime debit card by entering the card details.

To add Chime card in Venmo App, go to Single Person icon also called as the You Tab (in new version of app) on Venmo App Home Screen, next go to Settings (gear icon), next select “Payment Method” and then select “Add Bank or Card”.

So, these are 2 ways in which you can link your Chime to Venmo and make Chime and Venmo work together.

The first way is to add the Chime Debit Card as a payment method in your Venmo App by entering your card details.

The second way is to add the Chime Bank account to Venmo using Plaid verification, with the help of your online banking credentials.

Pro Tip: Chime Card is compatible with most payment apps. If you use PayPal, you can also link up your Chime Account with PayPal. If you use other wallets, Chime also works with Cash App. You can also add your Chime Card to Apple Pay to make payments using Chime from your Apple Pay wallet.

So this is the method we can use to link your Venmo account with Chime and transfer funds from your Chime account to Venmo and vice versa i.e. from Venmo App to Chime Account.

Once you link your Chime Bank Account in the Venmo App, you can add funds to the Venmo Account or even cash out when needed using this linked Chime bank account or debit card. 

In fact, you can make payments using the Venmo app directly from such linked debit card or bank account without even adding funds to Venmo account. 

Also Read: How to Cash Out Venmo [Easy Ways]

Let’s look at the steps involved under both these ways in detail.

How to Link Chime with Venmo [using Chime Debit Card ]

You can add your Chime Debit card to your Venmo account by following the steps below:

1. Open the Menu on Venmo App

Tap on the hamburger “☰” icon of you on the Venmo app Home Screen.

If you are using new version of Venmo, tap on the “Single Person” Icon

2. Next select “Settings” from list of options

Tap on “Settings” which is the gear icon that gives you the option to add payment method

3. Next tap on “Payment Methods” (bank icon)

Select “Payment Methods” whose icon looks like a bank to continue further

4. Next Tap on “Add bank or card…” to continue 

Select “Add Bank or Card” to bring further options

5. Next Select “Card” option and enter required details

You will be shown two options 1. Bank 2. Card.

Select “Card” and proceed.

Now enter your Chime card details like card no., expiration date, security code, zip code etc. manually.

You can also add the Chime temporary card which you will find in Chime App under “Settings” if you have applied for new Chime Card and not received it yet.

Alternatively, you can snap a photo of the Chime Card with your phone’s camera, if you have received the physical card.

6. Confirm the details and tap on “Add” to complete the process

Review if you have entered the details correctly. Then tap on “Add” to complete adding your Chime debit card to Venmo.

1. Open the Menu on Venmo App

Tap on the hamburger “☰” icon of you on the Venmo app Home Screen.

If you are using new version of Venmo, tap on the “Single Person” Icon

2. Next select “Settings” from list of options

Tap on “Settings” which is the gear icon that gives you the option to add payment method

3. Next tap on “Payment Methods” (bank icon)

Select “Payment Methods” whose icon looks like a bank to continue further

4. Next Tap on “Add bank or card…” to continue 

Select “Add Bank or Card” to bring further options

5. Next select “Bank” option and choose verification method

Select your preferred verification method which can be through

  • Instant Verification” (online instant verification using Plaid)
  • Manual verification (can take upto 3 business days where Venmo uses small micro debits to authenticate)

Select the Bank account by typing in the bank name in the search bar.

The bank account associated with your Chime Account will be either Bancorp Bank or Strides Bank. You can find this bank name on the back of your Chime debit Card.

How to Transfer Money from Chime to Venmo

Once you have linked your Chime Debit card or bank account in Venmo App, you can easily move funds to and fro from Venmo to Chime

  1. Tap on the “☰” icon on top right to open menu from Venmo Home Screen
  2. Select “Manage Balance” from the list of options (Noted: This option is visible only when you have applied for and received a Venmo Debit Card)
  3. Next Tap “Add Money“ (move money to Venmo account)
  4. Enter the amount you want to transfer and confirm
  5. Choose the Chime bank account from where you want to transfer money from
  6. Review details and tap “Add Money“

How to Transfer Money from Venmo to Chime

Once you have linked your Chime Debit card or bank account in Venmo App, you can easily move funds to and fro from Venmo to Chime

  1. Tap on the “☰” icon or person icon (if you are using the new Chime Verison) on top right to open menu from Venmo Home Screen
  2. Select “Manage Balance” from the list of options (Noted: This option is visible only when you have applied for and received a Venmo Debit Card)
  3. Next Tap “Transfer to Bank“ (move money to Venmo account)
  4. Enter the amount you want to transfer and confirm
  5. Select the linked Chime bank account or Chime Debit Card
  6. Select transfer option “Instant” (transfer occurs within 30 minutes and subject to 1% fees upto max. $10)  or “1-3 Biz days” (which is free but takes 1-3 business days). If you are transferring to a linked Chime Debit card, it will allow only the “Instant Transfer Option”
  7. Review details and tap “Transfer to Bank“

If you pay for an amount that is less than or equal to the amount sitting in your Venmo balance, it’ll be fully funded by your Venmo balance. If the amount to be paid is greater than your Venmo balance, it will be funded fully by your linked payment method ie.. Chime bank account or Chime Debit card.

Also Read: Cash Advance Apps that work with Chime [Helpful List]

To check which payment method is being used to fund the payment, check the bottom of the screen when you enter the payment details.

How long does Venmo take to transfer to Chime?

If you have linked your Chime Debit Card to the Venmo App, you can use the instant transfer option in Venmo to cash out your Venmo funds to your Chime Card. This is subject to a 1% charge (up  to a maximum $10) but you get the benefit of speed and instant transfer.

On the other hand, if you use the 1-3 Standard Bank Transfer option, it will take 1-3 working days for money to move to your Chime Bank Account from Venmo.

Also Read: How to Deposit Check with Chime [Easy Steps]

Another question that may come to your mind is “Does Chime work with Zelle”. This is a bit more complicated situation. We have covered the answer in this guide on this question on how to use Chime with Zelle.

Wrap Up

So you can conveniently link your Chime Bank Account to the Venmo App, using either of the above ways. I prefer to link Chime Debit Card to Venmo App, which gives the benefit of instant transfer. This way you can enjoy the benefits of moving funds between these apps.

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Dev

I am a blogger with a passion for finance and technology. On this website, I share helpful information mostly on products and services, that we use in our daily lives.

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