How to Add a Bank Account to Venmo
If you want to move money in or out of Venmo, adding a bank account is essential. Fortunately, it only takes a minute to set up.
Step 1: Open the Venmo App
Begin by opening the Venmo app and logging into your account.
Step 2: Access Your Profile
Tap on the “Me” tab in the bottom right corner. This is your personal profile.
Step 3: Go to Settings
Hit the gear icon located in the top right corner to access settings.
Step 4: Manage Payment Methods
Scroll down and tap on “Payment Methods.” This is where you can manage your linked accounts.
Step 5: Add a Bank Account
Tap on “Add bank or card,” then select “Bank.”
Step 6: Choose Verification Method
You’ll see two options for adding your bank:
- Instant Verification: This method is quicker. Just sign in with your bank credentials through the secure integration.
- Manual Verification: If you choose this option, Venmo will send two small deposits to your bank account. You’ll need to check your bank in 1 to 3 days and return to verify the amounts to complete the setup.
Step 7: Complete the Setup
Once your bank is linked, you can transfer money in and out, send payments, or cash out your balance whenever you want. Linking your bank account also helps avoid fees when sending money, especially compared to using a credit card.
Conclusion
That’s it! Your bank account is now connected to Venmo.
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