Hey, do you want to know how you can add money to your Venmo balance, even without a Bank Account?
Venmo, which is owned by PayPal, is growing so fast, overcoming most of its competitors, and capturing their users. Today Venmo houses more than 52 million active users, quite huge, isn’t it?
The offers of Venmo have made it quite a lookup for users who are yet to get into the Venmo environment.
However, You have a Venmo account, with no Bank account, and probably a $0 amount, but you might be wondering if it is possible to add money to your Venmo balance even without linking your bank account to Venmo.
Well, the answer is No, before you can add money to your Venmo balance, you need to link it up with a particular bank account that will source the payment.
But in this case, no bank account is linked to your Venmo account, making it almost impossible to add money to your Venmo.
But, that isn’t all, there is still more you can know on how to add money to your Venmo account without a bank account.
How To Add Money To Venmo Without Bank Account
Well, not everyone might be able to hover around this, you just have to get a bank account linked to your Venmo balance. But based on my research, I thought, what if someone transfers your funds from their Venmo balance to yours?
I decided to give it more thought, and I figured out that this is the only way you can add money to your Venmo account, even without a bank account.
Although this method isn’t as effective as you might think, what if you are unable to get someone who uses Venmo? Will you keep waiting?
What if you are in an emergency situation, will you keep looking for someone to transfer money to your Venmo?
Therefore, I don’t really trust this idea, and also, won’t recommend it, just visit any bank in the US, and request an account opening, it is simple as that.
And this will save you from a futuristic catastrophe.
Alrighty, have said all this, let’s move straight into how you can transfer money from one Venmo balance to another.
Once you are able to see someone, to who you can pay physical cash, in return for transferring the same amount to your Venmo, you can follow the steps below to transfer funds to your Venmo, it is quite easy and fast.
- Step 1: Open the Venmo app, on the personal device
- Step 2: Tap on the Payment Icon at the top right of the Venmo screen.
- Step 3: Enter your Venmo Username, Phone number, or email address.
- Step 4: Enter the amount you want to transfer to your Venmo balance
- Step 5: Add a short note, of the reasons for this transfer.
- Step 6: Hit the Pay button
- Step 7: Confirm your payment
And the amount of money will be sent right into your account, if you have a Venmo debit card, you can use it at the ATM, POS, or even pay online, or at in-stores to make payments.
As I have mentioned, this method may not be that effective all the time, you just have to get a bank account and link it up with your Venmo, it is quite easy and fast, No Delay!
How Long Does It Take To Send Money On Venmo?
Since you are having no contact with the bank, the money sent is supposed to reach your Venmo account immediately. Venmo Makes use of instant transfer, in which you can send funds from one account to another, in a space of minutes.
Unless, if you are trying to add funds to your Venmo balance, from either a bank account or a credit or debit card, which is likely to take up to 2 to 3 business days.
Once the money is in your account, you can spend it, for whatever purpose it might be.
How To Add Money To Your Venmo Account Via Your Bank Account
If you have a bank account linked to your Venmo, you can simply add money to it, although this might take up to 2 – 3 business days.
Add money to your Venmo account, from your bank, can be done as follows:
- Step 1: Open the Venmo app.
- Step 2: Tap on the Menu Icon, at the top right of the screen, and select Manage Balance.
- Step 3: Tap in Add Money, and enter the amount which you want to add to your Venmo balance. Hit the Done button
- Step 4: Confirm the Bank account, you want to transfer from, and Hit Next
- Step 5: Cross-check the information, and tap in Add Money
What If The Transfer To My Venmo Balance Fails?
Whenever a transfer fails, you will be notified via your email address. Transfers do fail, as a result of certain reasons, and when it occurs, the intended amount which you want to transfer will not move from the other person’s Venmo balance to yours.
Ensure that the person has a sufficient Venmo balance, up to the amount which you want to transfer.
MORE ON VENMO:
Well, in order to add money to your Venmo balance, even without a bank account linked to your Venmo, you can simply make an instant transfer from another person’s Venmo account to yours.
All you have to do is, look for someone, who you trust, give the person physical cash, and Request from the person to transfer such an amount back to your Venmo.
Just as easy as that….
But don’t forget, It wouldn’t be as effective as you may think, so try to get a bank account, and get it linked up with your Venmo account.