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.
- Some banks are approved for instant verification. If your bank qualifies, simply enter your bank credentials and it will verify your account.
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.