Currently, the option to add money from a verified bank account directly to their Venmo balance is only available for Venmo users who have been approved for a Venmo Mastercard® debit card.
One of the great advantages of using Venmo is that if your Venmo account is connected to your bank account, you don't need to worry about adding money to the app separately.
Even if your Venmo balance is zero, you can still make payments because the funds will be directly drawn from your regular bank account. Of course, if you don't have sufficient funds in your bank account, that's a different situation.
Essentially, if the payment amount exceeds your Venmo balance, Venmo automatically deducts the difference from your linked funding source.
On top of that, Venmo offers another option for its users, which is the Venmo Mastercard debit card. This card functions just like any other Mastercard, allowing you to make everyday purchases using your Venmo balance.
Users with the Venmo Mastercard debit card also have the flexibility to transfer money from a verified bank account directly to their Venmo balance. This process is extremely straightforward and only requires a few simple steps.
How to add money to Venmo
To add money to your Venmo account, you can follow these steps:
1. Open the Venmo app on your mobile device.
2. Tap on the "☰" menu icon located in the top left corner of the app.
3. From the menu, select "Manage Balance."
4. Under the "Balance" section, tap on the "Add Money" button.
5. Enter the amount you wish to add and choose the funding source: either your linked bank account, debit card, or credit card.
6. Follow the prompts to complete the transaction, including any necessary verification steps such as entering your PIN or confirming your identity.
7. Once the transaction is successful, the money will be added to your Venmo balance, and you can use it for payments or transfer it to other Venmo users.
Note: Venmo may charge fees for certain types of transactions, such as when adding money using a credit card. Make sure to review and understand the applicable fees before proceeding.
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Reviewed by Admin team
on
June 26, 2023
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