How to Close Your Venmo Account
Venmo is a top-rated payment service app that allows users to make quick peer-to-peer transactions. This tool has a user-friendly interface, can be used to pay at select businesses, and offers a social aspect. Still, at some point, you may find it not suitable for your needs and ask yourself, “Can I delete my Venmo account?”
Regardless of the reasons, if you want to change this service to another, you can deactivate your account without any trouble. So, how do you close a Venmo account in just a few steps? Let’s find out!
Considerations to Take Before You Delete Your Venmo Account
How do you close a Venmo account to avoid losing your money and important information? Let’s take a look at all the steps in the process and measures you should consider before deactivating your profile.
First, back up your data and transfer any remaining money from your Venmo balance. Be prepared that once you delete your profile, you cannot access your funds. The money will not be automatically credited to your bank account or returned to users who send it to your deactivated account.
Another essential point that you should consider before canceling your profile is that you must ensure that all of your pending transactions for sending or receiving payments are completed. Also, make sure copies of your transactions remain with you, as having such a document can help you in case of any problems with your money or financial data in the future.
One more thing to keep in mind is that if you have a personal and a business account on Venmo, deactivating one will also close another. You need to take care of the safety of all information that may be lost if one of the linked profiles is deleted.
Deleting Your Venmo Account: An Ultimate Step-by-Step Guide
So, how to cancel a Venmo account? Here is what you should do:
Sign In to Your Venmo Account
Log in to your profile through the website on your computer or mobile app (Android or iOS) to access settings and manage your account.
Transfer the Remaining Money from Your Balance
We have already talked about the importance of saving funds from your account before deleting it. You can send money to friends or transfer it to your bank account, and most importantly, make sure that the transaction is fully completed.
Close Your Venmo Account
Go to the settings menu. At the bottom, choose the option “Close my Venmo account” and click “Next.” After reviewing your profile's latest statement, confirm the profile's deactivation and click “Close account” again.
Check Your Email
To verify that your Venmo profile has been successfully deactivated, review the email from the Venmo team informing you that your account has been permanently closed.
Conclusion
Venmo is a convenient and easy-to-use service, even when it comes to deleting your account. It only takes a few quick and simple steps to close your profile. So, how to delete a Venmo account, and what should you consider first? The main thing you should do is ensure that all your money from your balance is saved and all transactions are successfully completed.
However, remember that you can always contact Venmo support in case of any issue with saving your funds.
