Are you wondering how to transfer money from Venmo to bank account. Well, you need to first make sure you have linked a bank account with Venmo. Once you link a bank account you can easily transfer money from it to your Venmo balance. Whether you use Venmo to split bills, pay rent, or make purchases, at some point, you may need to transfer your Venmo balance to your bank account.

Moreover, there are primary options for Venmo transfers: Instant Transfer, which moves funds within 30 minutes for a small fee, and Standard Transfer, which takes 1-3 business days but is free. You can choose the method as per your requirement. So, let’s begin and learn more about the how to transfer Venmo money to your bank account.

How to Link your bank account to your Venmo account?

Before you can transfer money from Venmo to your bank, you need to link your bank account. After this you must complete the verification method, after this you can easily transfer money from bank to Venmo account. Here is how to link your bank account with Venmo:

1. Open the Venmo app on your smartphone.

2. Go to Settings.

3. Under Payment Methods, select Add a Bank Account and enter your banking details, including your bank name, account number, and routing number.

4. After this complete the bank verification procedure.

How to Verify your bank account with Venmo for security purposes?

You must verify your bank account with Venmo to ensure your funds are transferred securely without any delays. For instance, if you choose the Instant Verification, Venmo connects to your bank account within seconds using your online banking details. You can even go for the Manual Verification method, if your bank does not support instant verification.

For manual verification, you need to deposit two small amounts (typically under $1 each) into your bank account. This verification procedure may take 1-3 business days, after this you need to c heck your bank statement. This process confirms your ownership of the bank account and helps prevent fraudulent transactions. Without completing this step, you will not be able to transfer money from Venmo to your bank.

How to Transfer Venmo Money to Your Bank Account?

You need to fist of all link a bank account with Venmo, then you need to take the steps mentioned below to transfer money:

• Open the Venmo app.
• Tap on the Me tab to view your balance.
• Select Transfer Money and enter the amount you want to transfer.
• Choose between Instant Transfer (arrives within 30 minutes for a 1.75% fee, with a $0.25 minimum and $25 maximum) or Standard Transfer (free but takes 1-3 business days).
• At last, recheck all the details before you submit your request.

How Long Does a Venmo Transfer Take?

The Venmo transfer time depends on the method which you choose. With Venmo instant transfer funds should appear in your bank within few minutes. However, for this you need to pay the instant processing fees. And if you choose the Venmo standard transfer this typically takes 1-3 business days. For instance, if you initiate the transfer after 7 PM ET or on a weekend, it may take longer since banks do not process payments outside standard business hours. If your transfer takes longer than three days, consider contacting Venmo or your bank.

How to Check If Your Venmo Transfer Was Successful?

After initiating Venmo transfer, you can verify that funds have arrived in your bank account, by taking the steps mentioned below:

• First of all, log into your banking app or online banking portal.
• Here checks your transaction history for deposits labelled Venmo or PayPal Holdings Inc.
• If you do not see the funds in your account within the expected timeframe:
• Check your Venmo transfer history to confirm that the transaction was completed.
• If the transfer status is still pending, wait for the processing period to end.
• If the funds have not arrived after three business days, contact Venmo customer support for assistance.

How to Troubleshoot Venmo Transfer Issues?

You can fix the Venmo transfer pending and delays with the help of below mentioned steps:

• Make sure your bank account information is accurate and up to date.
• Sometimes your bank may take longer than expected to transfer money into Venmo, in this you need to wait and try after some times.
• Check that there are enough funds in your Venmo balance, before you initiate a transfer.
• Venmo may flag your transaction for security reasons, requiring additional verification.
• Moreover, if your bank does not support instant transfer, you must use the Standard Transfer option instead.
• If you experience issues, try linking a different bank account or using Standard Transfer instead. You can even reach out the Venmo support team to fix these issues.