Can You Transfer Money From Venmo To Cash App?

If you want to send money easy and quick from Venmo to cash then you are in the right place. Venmo is a peer-to-peer payment app that allows you to easily send and receive money to your friends and family members. To make payment using Venmo there are two ways to do so:

  1. Setting up a direct deposit for your Cash App account.
  2. Using a bank account that is linked to both Venmo and Cash App.

Venmo Overview

To make payment there are many options like circle pay, PayPal, and so on, but Venmo is one of the most popular peer-to-peer payment apps.

Only US users can use this app because Venmo allows only US customers. Because, Venmo allows only US users it is necessary the first thing you need to do is associate the app to a US bank account, debit card, prepaid debit card, or credit card.

Venmo always associates checking, not a saving account to avoid the standard limit of six online withdrawals or transfers per month.

How To Transfer Money From Venmo To Cash App

From the above discussion now you know that you can transfer money from Venmo to Cash App. But still, another question comes to your mind that how the process of money transfer from Venmo to cash actually take place. Don’t worry about it. Just follow the following steps.

1. Setting up a direct deposit for your Cash App account

Your Cash App account can be treated as your bank account. One thing you need to keep in your mind is that you can only find the account and routing numbers if you already have a cash card associated with your Cash App account.

Find your Cash App account and routing numbers

Setting up a direct deposit for your Cash App account you need to follow the following steps:

  • First, open the Cash App on your android or iPhone devices.
  • To access the “My Cash” tab tap on the dollar sign.
  • Then, navigate to the “Direct Deposit” section and tap on the “Get Account Number” button.
  • A pop-up screen appears in front of you.
  • Click on the “Enable Account” button.
  • Next, tap on the “Copy Account Details” button right under your account information.
  • After that, you need to select “Copy Routing Number” and “Copy Account Number”. This will copy the numbers to your device’s clipboard. From that, you can paste the numbers somewhere on your device so that no one can use or see them.

 Add your routing and account numbers

You have your Cash App account and routing numbers, now to add them you need to follow the next steps:

  • On the Venmo mobile app tap on three horizontal lines at the top section.
  • Now you are at the “Setting” section. In setting choose “Payment Methods”.
  • After that tap on “Add Bank or Card”.
  • In this case, choose “Bank”.
  • After that, you will be asked to provide your preferred verification method.

To connect your Cash App card to your Venmo account follow the next steps:

  • On the Venmo mobile app tap on three horizontal lines at the top section.
  • Select “Setting” and choose “Payment Methods”.
  • After that tap on “Add Bank or Card” and choose “Card”.
  • Then enter your Cash App card details.

Transfer money from Venmo to cash app

After doing the above process of adding your cash app routing and account numbers or Cash App card to your Venmo account you can deposit money to Cash App account from Venmo balance.

2. Using a bank account that is linked to both Venmo and Cash App

You can also transfer money using a bank account that is linked to Both Venmo and Cash App. To do so follow the next steps:

Enter to Venmo

Open white color ‘V’ blue background app on your mobile. The app is available on both iPhone as well as android devices. You need to sign in to start the process and you can also start the procedure on your computer.

 Transfer your Venmo balance to your bank account

 Follow the below steps to transfer the Venmo balance to your bank account.

  1. Add a bank account.
  2. Then verify your bank account.
  3. Transfer funds to your bank accounts.
  • Click on three horizontal lines at the top of the app.
  • According to your device select “Transfer to Bank” or “Transfer Money”. You may have first to select “Manage Balance” and then “Transfer to Bank”.
  • Enter the amount you want to transfer.
  • Choose between instant or 1-3 business days.
  • After that, you need to select either a bank account or debit card
  • Before click on the “Transfer” button review all the information and confirm the transaction.
  • After that click on the “Transfer” button.

Login to your Cash App account

After your funds arrive in your bank account log in to your Cash App account on your mobile.

Transfer money

Once your money has been transferred to your bank account you need to do just a few steps to send it to your Cash App:

  • Click on the balance tab on your Cash App home screen.
  • After that click on add cash.
  • Enter the amount you want to transfer.
  • Click on the “Add” tab.
  • Enter and confirm your pin or use Touch ID

Click here: Use of Venmo in simple steps

How Much Money You Can Send?

You can transfer a maximum of up to $299.99 per weak through your Venmo account. This will continue until you verify your identity.

To verify your identity, submit the following details:

  • Your name
  • Physical address
  • Social Security Number or Individual Taxpayer Identification Number (SSN/ITIN)
  • Zipcode
  • Birthdate

Once you submit all your details or information you are verified and you can send up to $2999.99 per week in one or multiple transactions.

Only $999.99 can be transferred in one transaction from Venmo to your bank account. When you are verified you can transfer up to $19000 per week.

To verify your identity, click on three horizontal lines at the top of the app tap on “Setting” and after that tap on “Identity Verification”.

Venmo Fees

It’s a free application but some of its services are charged:

  • If you use a credit card you will be charged 3% per transaction.
  • For the instant transfer, you will be charged 1% or a minimum of 25 cents per transaction. Instant transfers are when you transfer money from a Venmo account to a debit card and they are delivered within half an hour.
  • There is no fee charged by Venmo when you transfer to your bank account.

Bottom Line

This is all that we need when we make transactions from Venmo to Cash App. The instant transfer makes faster transactions also it charged 1% per transaction.

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