How to Transfer Money to Venmo?

According to recent research, consumers are 19% more likely to go through with a purchase using Venmo compared to traditional payment methods. That’s not a big surprise—as one of the top mobile money transfer apps in the US, Venmo provides a quick, secure way to transfer money, offering a mobile payment service for easy peer-to-peer transactions. Users can effortlessly send money, split bills, and enjoy a social network for messaging and updates.

While Venmo allows you to send payments directly from a linked bank account or card without needing a balance, you might want to top up your Venmo balance for:

• Speeding up instant transactions to avoid waiting for a transfer from your bank account;
• Keeping track of your spending more effectively, especially for recurring payments or social events where you’re frequently sending money;
• Cutting out the hassle of constantly approving bank transfers, making the payment process smoother.

What about other features? How to transfer money to Venmo? While adding funds to your Venmo account is a straightforward process, it’s important to figure out the different methods available and the steps required to complete them. This brief guide covers what you need to know about using Venmo for payments and money transfers, including how to add cash to Venmo via a bank account or card.

Connecting Your Bank Account or Card to Venmo

If you haven’t signed up for Venmo, you can check out our previous article.

In case your Venmo account is suspended, you’ll first need to go through the steps to unblock it.

Bank Account

Struggling to understand how to put money in Venmo using a bank account? First, you’ll want to link your bank account to your Venmo profile. Before doing so, it is important to look into the question, “Does Venmo have a limit?” Here’s a detailed, step-by-step walkthrough to help you do just that, whether you’re on a computer or a smartphone.

If you are using a PC, then you need to find the “Link a bank account” page on the company’s website and then just follow the guide.

If you’re on a mobile device, here's what you need to do:

1. Go to the Venmo app and head to the “Me” tab.
2. Go into your Wallet.

3. Select the “Add a bank or card…” option and click on “Bank.”

4. Choose the verification method and go through the authorization process.

Last but not least, once your bank account is connected, be sure to verify it before making any transactions to avoid messing up money transfers due to incorrect bank details.

Can your Venmo get hacked? For more information, read a separate article on this topic.

Credit & Debit Card

Wondering how to transfer money into Venmo with a credit card? First, you’ll need to add a debit or credit card to your Venmo account. To do this using a PC, you need to follow these steps:

1. Open payment options in your profile.

2. Select “Add bank or card.”

3. Tap “Debit or Credit Card” and key in your card details.

To add a debit or credit card to your Venmo profile using the mobile app, you need to follow these instructions:

1. Open the Venmo app and head to the “Me” tab.
2. Go into your Wallet. You can learn how to open a Venmo account in our previous article;
3. Select the “Add a bank or card…” option and click on “Card.”
4. Enter your card details.

What does Venmo charge for business transactions? For detailed information, check out our previous article on the topic.

Depositing Money into Venmo from Your Bank or Card

You may ask, “How do I add money to Venmo?” Let us say right away that it is easy to do. However, it’s critical to keep in mind that only users with a Venmo debit card can directly top up their balance from a linked bank account or card. Also, make sure to look into whether Venmo charges any fees. If you already have a Venmo card, you can easily load up your balance through the app.

So, here’s how to transfer money from bank to Venmo:

1. Open the app and click the “Me” tab.

2. Go into the “Wallet” and select the “Manage Balance” option.

3. Click “Add Money.”

4. Choose the linked bank account or bank card you want to use to fund your Venmo.
5. Enter the amount and click “Add.”

Please note that if you’re topping up with a debit or credit card, the transaction will go through instantly. But if you use a bank account, the funds will take a few business days to show up in your balance.

PayPal or Venmo? It’s crucial to weigh both the disadvantages and benefits of Venmo and PayPal. Doing so will help you make a well-informed decision on which option is best for you.

Final Thought

In this article, we’ve gone over how to add money to Venmo, and as it turns out, it’s quite simple. The only point you should remember is that you’ll need to not only link a bank account or card to your Venmo profile but also get a separate Venmo debit card to be able to put money into your app balance. Then, all you have to do is simply follow the instructions we’ve outlined.

Overall, Venmo is a simple, convenient, and secure payment system and money application for peer-to-peer transactions. In addition to the standard features, Venmo also rolls out a number of unique features that make it one of the top mobile payment services in the U.S. One way or another, the best and only correct way to really check out all the benefits of working with Venmo is to give it a try.