How To Get Money From Venmo Without A Bank Account (2024)

FAQs

How To Get Money From Venmo Without A Bank Account? ›

What are the alternatives for using Venmo if you don't have a bank account? If you don't want to use Venmo with a bank or credit union account you can also choose to link Venmo to a credit or prepaid card, or receive direct deposits to your account.

Paying and requesting payment

You can also pay or request money from someone who's not currently signed up for Venmo by using that person's phone number or email address. The recipient will receive a message. Once he or she has signed up for an account, the money will be transferred/charged.

Pay with a debit card, a credit card or a bank account. To send money on Venmo, you need to link the app to a U.S. bank account, debit card, prepaid debit card or credit card. If you receive money and want to transfer it from Venmo, you'll need to link a bank account.

Once you've added your bank account and verified it, you can use the Venmo app to send the money in your Venmo account to that bank, using the Standard or Instant method. Start by going to the Me tab, then tap the Add or Transfer button under Wallet (some users may see a Manage button instead).

Deposit or Withdraw Money at an ATM

You can use your Venmo debit card at an ATM to deposit or withdraw money without having a bank account. Any ATM that accepts Mastercard, PULSE, Cirrus, or MoneyPass should accept a Venmo debit card. Keep in mind that not all ATMs that accept a Venmo debit card are free.

Whenever you receive a payment on Venmo, that money is put into your Venmo account. You'll need to initiate a bank transfer to send the funds to your bank account. You can send the money in your Venmo account to your bank using the Standard or Instant method.

No, you can't borrow money from Venmo. The company explicitly states that they do not offer loans to their users, but they do offer peer-to-peer payments and other financial services including digital direct deposits, a Venmo debit card and a Venmo credit card. Don't be discouraged, though.

Use the Venmo Debit Card to make cash withdrawals from a nationwide network of MoneyPass® ATMs, and you won't have to pay a transaction fee.

Why is Venmo asking for a bank account? ›

Venmo is a money transfer business regulated by the United States Treasury Department. As such, we are obligated to collect certain information from our users to verify their identities.

If you're asked to confirm your identity, you must go to the Venmo app in order to input this information, or you will no longer be able to use your Venmo balance to keep and send money received in the app. (If you don't verify your identity, you can still use the app—you just can't hold a balance in it.)

You can use your Venmo Debit Card to make cash withdrawals at ATMs or, as cash back when completing a purchase, nationwide. You'll need your Venmo Debit Card PIN to obtain cash (if you have forgotten the PIN that you set during card activation, you can reset it in the Venmo app under Settings > Venmo Debit Card).

There could be a couple reasons why your bank transfer could not be completed. There may be a restriction on your Venmo account that is preventing the transfer. Learn more about your frozen account. Your debit card or bank account may not be eligible to process the instant transfer.

Why can't I use my Venmo balance to pay? Venmo is required by the U.S. Patriot Act to verify users' identities. If you're having trouble making payments with your Venmo balance, it may be because you haven't verified your identity.

You can send money to or request money from a friend, even if they don't have a Venmo account at the time you send the payment, using their email address or mobile number. If the friend does not have a Venmo account, they can claim the payment by opening a Venmo account.

Receiving money anonymously is easier than you think. The sender doesn't need to see your actual name, just your Venmo username, email, or phone number. So, you can just create a username that doesn't scream 'it's you'!

Pay touch-free with Venmo QR code. Use your Venmo QR code to pay touch-free at stores like CVS. No shared pens or keypads; no digging for your wallet — just scan your phone to pay.