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How Long Does It Take To Send Money On Venmo? |
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 your 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 in-store 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, with 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 on Add Money
Conclusion
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 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.
