Like many of you, I adjusted myself with digital innovations and applications in every way of life. Now we manage everything including jobs, travel, food, housing through the virtual platforms. The new addition to my life is this popular app named Venmo which I use on my smartphone. First, I thought Venmo was for sending and receiving money but later I found out that it is also designed for spending money. So now I can recharge my Venmo account, send and receive funds, and pay the bills without handling any cash while I purchase anything. This online payment app is secured through an end-to-end encryption system, which means that there is no third-party involvement. So, I use it as a reliable app that ensures the security of my money.
Venmo has this adding money feature to the app both with and without a bank account. Here it refers to its versatility. Many people find it a hassle to think of banking functions. They want a hassle-free and less time-consuming way to deal with financial movement. Here is the credit of the Venmo app as it does not require a bank account to transfer our funds and add money to your Venmo app. Instead, you can add money to your Venmo account using the Venmo debit card which works like the Mastercard. There are other ways in case you want alternative ways to add money to your Venmo app without a bank account. Here I am trying to discuss the ways and make it easy for you.
Ways to Add Money to Venmo
Here I get the joy of using the Venmo app as there are many options to add money to the Venmo account. I have linked my bank account to my Venmo app. Since then, I have been dealing with funds without entering them into my bank account. That means I can send, receive and spend money without my bank account. There is also another option where you can link your Venmo debit or credit card to the Venmo account. In that case, you have to pay 3% as a transfer fee for the Venmo credit card. Adding a gift card to the Venmo account is another convenient option. I am going to mention the ways of adding money below here:
- Bank transfer
- Direct deposit
- Check deposit
- Credit card
- Debit card
- Ask a friend
How to add money to Venmo account without having a bank account
As I want to say again, is that the Venmo App is a well-designed online platform that helps to transfer money in a variety of ways. Venmo users typically link their US bank accounts to Venmo accounts for adding money or withdrawing. Don’t worry, even if you don’t have a bank account or if you don’t want to expose it, you can still add money to Venmo. The process is simple and easy. Venmo App can be accessed through a smartphone-based on Android or iOS. Here are I am going to mention the 5 ways to add money to your Venmo app without a bank account. Those are:
Through direct deposit you can add money to Venmo account without having a bank account
One of the most fascinating and blessing features of the Venmo app is this Direct Deposit option. You can directly deposit your paycheck to your Venmo app. To set up direct deposit on Venmo App, follow the steps below:
- Open the Venmo App on your Smartphone
- Go to the “You” option if you use the Newer version of the App. In the older versions, you should see the “Settings” icon instead. Tap on it.
- You will see the “Direct Deposit” option from the settings menu and tap on it.
- There you will get “Show Account Number”.
- Copy or make a note of the account information and routing number.
- Use these details to fill out your employer’s “Direct deposit information form”
On the Venmo customer support website at https://help.venmo.com/hc/en-us, you can find the details of Venmo’s partner bank if you are asked to provide the name and address of your bank when filling out the form.
Your employer is responsible for depositing funds into your Venmo account after you have filled out the direct deposit form. Direct deposit changes may take up to two pay cycles to become active. After setting up direct deposit, your packages can begin adding to your Venmo balance.
Remember that this process takes around 3 to 5 business days to transfer the money to your Venmo App.
Also, note that you can add a certain amount of balance to your Venmo App. The weekly limit is $1500.
Through Cheque deposit you can add money to Venmo account without having a bank account
You can use this service only if you have set up direct deposit or you have a Venmo debit card. Follow the steps for the check deposit.
- Open the Venmo App on your smartphone and tap on the “You” or “Settings” icon.
- Select “Manage Balance”
- Select “Cash a Cheque”
- After entering the amount, you will be asked to take photos of both sides of the Cheque.
- You can choose how quickly you want to receive your funds
- During the processing of the request, please wait. Sometimes it takes up to 1.5 hours, but generally, it takes only a few minutes.
- If your request is approved, you will be asked to write VOID on your Cheque.
- Take a photo of your voided Cheque
- You will see a summary page with details of your Cheque cashing.
- You can spend the funds within a few minutes or after 10 days, depending on the option you select.
Remember that adding money to your Venmo account from the Cheque Deposit might take around 3 to 5 business days to transfer the money to your Venmo App.
Also, remember that you can add a certain amount of balance to your Venmo App. The weekly limit is $1500.
Add money to your Venmo account from your Credit Card without having a bank account
Venmo has this facility for users to add Credit Card to the Venmo App so that you don’t have to rely on any bank account. Using this payment method, you can add money to your Venmo App by just tapping your Venmo app from the smartphone you use. Follow the steps I am mentioning below to add money to Venmo from your Credit Card.
Step 1: First Add the Credit card as the payment method in Venmo
In this method, first, you will have to link your Credit card to your Venmo App. This method can help you to load money to your Venmo app. So, open the Venmo app on your smartphone. And then follow the steps by just tapping on your phone.
- Tap on the You icon (the single person icon) if you are using the new version of the Venmo App. For the older version, tap on the Settings icon (“☰”) indicated by small straight lines.
- Here the Settings page will expose the “Payment Methods” option.
- After tapping the “Payment Methods’ ‘, the “Add a Bank or Card” option will appear which I have been talking about.
- Now tap your finger on the “Bank” option as you are going to add your Credit Card instead of Bank.
- Now enter all of your Credit Card information manually. You can also upload the photo to your Credit Card using the scanning option.
Step 2: Go to the Menu option (also signed as person icon)
Once you added the Credit Card successfully to your Venmo, tap on the settings icon again (“☰”) on the top right of the Venmo App interface. Here, you will see the Menu option. The new version of the Venmo App shows the person icon as the You option here is instead of the settings option.
Step 3: Tap on Manage Balance
You will find the “Manage Balance” option under your user name in the older versions of the App. And in the newer versions, this “Add or Transfer” will appear directly. So, for the older version tap on the “Manage Balance” and for the newer version tap on the “Add or Transfer” icon. Whichever it is, tap on the option as you want to add money to your Venmo App.
Step 4: Enter the amount
After selecting the additional money, the interface should ask you to enter the amount you want to add to your Venmo App. So, input the amount and tap on the “Done” option.
Step 5: Confirm the Credit Card
This option is to ensure that you want to add the Credit Card to add the money to your Venmo App. So, select the Credit Card option.
Step 6: Review your transfer information
Now, you should read carefully what you have entered during the above process. Once you confirm that your information and amount are correct, you cannot cancel or resubmit again.
Step 7: Confirm “Add Money”
After rechecking your inputs of the previous methods tap on the “Add Money” option to initiate the add money process to your Venmo App.
Please note that this process takes around 3 to 5 business days to transfer the money to your Venmo App.
Venmo has its transfer limit. You can add a certain amount of balance to your Venmo App. But this limit works weekly. That means the Venmo limit counts around the week. Usually, this limit is $1500 weekly. Remember that the limit varies while reloading to your Venmo Card based on your transaction history.
Add money to your Venmo account from your Debit Card without link a bank account
Adding money to the Venmo App from a Debit card is almost like the credit card I mentioned above. You have to link your Debit Card to your Venmo App. Follow the steps here.
Step 1: First Add the Debit card as the payment method in Venmo
Like the Credit card, this step is also the same. But instead of Credit Card, you will have to add the Debit Card as a linked Card to your Venmo App.
- If you use the older version of the Venmo app, tap on the Settings icon (“☰”) indicated by small horizontal lines. Otherwise, tap on the “You” icon (the single person icon) if you are using the newer version of the Venmo App. Whatever tapping on the icon will lead you to the “Payment Methods” option.
- Again, after tapping the “Payment Methods’ ‘, the “Add a Bank or Card” option will appear which I have been talking about.
- Now tap on the “Bank” option to add your Debit Card as a payment method.
- Here, you will have to submit your Debit Card information manually. You can also upload a photo of your Debit Card using the scanning option.
Step 2: Go to the Menu option (also signed as person icon)
Once you added the Debit Card successfully to your Venmo, tap on the settings icon again (“☰”) on the top right of the Venmo App interface. Here, you will see the Menu option.
Step 3: Tap on Manage Balance
If you use the older version tap on the “Manage Balance” and for the newer version tap on the “Add or Transfer” icon. Whichever it is, tap on the option as you want to add money to your Venmo App.
Step 4: Enter the amount
Here input the amount and tap on the “Done” option.
Step 5: Confirm the Debit Card
Select the Debit Card option.
Step 6: Review your transfer information
Check the information carefully what you have entered during the above process.
Step 7: Confirm “Add Money”
Tap on the “Add Money” option to initiate the add money process to your Venmo App.
Like Credit Card, Adding Debit Card to Venmo Apps also takes around 3 to 5 business days to transfer the money to your Venmo App.
Here the transfer limit is also $1500 weekly. You cannot exceed this limit until you roll to another week.
Ask a friend to add money to your Venmo account
Venmo allows you to request money from your friends. In an emergency case, you can add money to Venmo instantly by having a friend send you money via Venmo. You can also do this without having a bank account.
- On the Venmo app home page, tap the hamburger icon (Settings option).
- Tap on “Search people”
- Enter the name of your friend you wish to request money from.
- Tap “Feed” or “Between You”
- Tap “Pay or Request”
- Enter the amount of money you wish to receive
- Tap “Request” or “Pay”
How to Add Money to Venmo Instantly?
Within 30 minutes, you can send money from Venmo to a U.S. bank account or credit card. 1% of the exchange sum is deducted for each move (with a base charge of $0.25 and a maximum charge of $10). The instant transferring option is open for you for a whole day of the time. it is available 24 hours a day, seven days a week, 365 days a year whatever time of day it is. But transferring may be disrupted by Venmo administration disturbances. Sometimes transfers may be denied, deferred, or hindered if any issue occurs. Moreover, A review of your Venmo account may cause your account to be frozen or closed. You can see the status of your transfer by tapping “Transaction” on the Venmo app.
Initially, Venmo uses your balance in the app, but it is not sufficient to buy what you want, you may add your bank account as an alternative option. You will be able to check more quickly by entering your login data for your bank. If you enter login data for your bank, you can check quickly, if not Venmo will transfer $2 to your record to verify. As micro transfers take a business day to process, you would be unable to pay anyone. Additionally, adding assets to your balance is a two-way process, so that your Venmo account can be moved to your bank account.
Instant transfers are only possible when U.S. financial balances or visa/master credit cards that offer instant transfer services. If you add your bank account or credit card to your Venmo account, then you will see whether it is eligible or not. If you try to make an instant transfer and your balance or credit card is listed as an installment process then the bank doesn’t allow the instant transfer.
FAQ (Frequently Asked Question)
When I add money, how long does it take for the funds to reach my Venmo balance?
Usually, add money transfers arrive on your Venmo account within 3 to 5 days, though you won’t see any balance until the transfer is complete. Some factors can hinder the total timing of transferring balance like general weekends or holidays. For transferring issues, you might get a charge on your bank account before you receive the funds on Venmo. A review of your Venmo account may cause your account to be frozen or closed. You can see the status of your transfer by tapping “Transaction” on the Venmo app. You should contact Venmo support if you don’t get money after 5 business days.
Are there any limits to how much money I can add to my Venmo balance?
Your Venmo account allows you to transfer funds into your Venmo account up to $1500.00 per week. You are subject to a weekly rolling limit for exactly one week following the transaction. Here is an example, if you add money to your Venmo balance on Monday at 11 A.M, that money will no longer count against your limit at exactly 11.01 AM the following Monday.
Can i add money from Cash App to Venmo account ?
Yes you can. Very recently i wrote an article about how to transfer money from Venmo to Cash App without having a bank account. In that article, I mentioned you can also transfer money from Cash app to Venmo account.
Why don’t I see the ability to add money in my Venmo app?
For adding money to a Venmo balance, you must first apply for and receive a Venmo Debit Card. If you want to know more about applying for a Venmo Debit Card then visit https://venmo.com/about/debitcard/ Remember that you do not need a Venmo balance to pay friends or businesses through the app.
Can You Add Money to A Venmo Card at an ATM?
Unfortunately, No. all money withdrawals such as ATM, money back, or by the counter are financed by the Venmo balance, whether reloading is enabled up to the $400 per day withdrawal limit.
Can you add money to the Venmo App at any convenience store or Walmart?
Actually, at present, you will be able to add money to your Venmo account through the Venmo app. Unfortunately, there is no way to add physical cash to your Venmo account.