How to Add Money to Venmo: What You Need to Know

According to recent research, consumers are 19% more likely to make 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. 

What about other features? Can you add money to Venmo from your bank account? Spoiler: yes, you can, but there are some nuances you should keep in mind. 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

Bank Account

Struggling to understand how to put money in Venmo using a bank account? First of all, you’ll want to connect a bank account to your Venmo profile. Here’s a detailed, step-by-step walkthrough to help you do just that, whether you’re on your computer or using the mobile app.

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 go to the “Me” tab;
2. Open your Wallet;

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

4. Decide on the verification method and go through authorization.

Last but not least, once you’ve connected your bank account, be sure to verify it before making any transactions to avoid losing money transfers due to  incorrect bank details.

Credit & Debit Card

If you’re wondering how to transfer money into Venmo with a credit card, the first thing you should do is 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 enter 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. Go to the Venmo app and go to the “Me” tab;
2. Open your Wallet;
3. Select the “Add a bank or card…” option and click on “Card;”
4. Enter your card details.

Depositing Money into Venmo from Your Bank or Card

You may ask, “How to add money to my Venmo account?” Let us say right away that it is easy to do. However, the critical point is that only users who have a Venmo debit card can add money to a Venmo account from a linked bank account and debit or credit card. If you already possess a Venmo card, topping up your balance directly through the app is straightforward.

So, here’s how to send money to Venmo from a bank account or card:

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

2. Find the “Wallet” and select the “Manage Balance” option;

3. Click “Add Money”;

4. Select the linked bank account or bank card that you want to fund your Venmo from;
5. Enter the amount and click “Add”.

Please note that if the money is credited from a debit or credit card, the transaction will be completed instantly. But if a bank account was selected for depositing funds, the money will be credited to your balance within a few business days.

Final Thought

In this article we’ve discussed the nuances of how to add money to Venmo, and as it turns out, it is an easy thing to do. The only point you should consider is that you will need to not only link a bank account or card to your Venmo profile but also open a separate Venmo debit card to be able to deposit funds into your app balance. Then, all you have to do is follow the simple instructions we’ve outlined.

Overall, Venmo is a simple, convenient, and secure payment system and money application for P2P transactions. In addition to the standard functionality, Venmo also offers a large number of unique features that make this app one of the best mobile payment services on the US market. One way or another, the best and only correct way to discover all the benefits of working with Venmo is to give it a try.

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