Bank Accounts & Cards - FAQ


Where can I see my funding sources?

In the app, head to your Settings > Banks & Cards, where you should see a list of the bank accounts and cards that you’ve added to your Venmo account. The one marked with "In use - payments to friends" is the source that funds will come from when making a payment (that is larger than your Venmo balance).

Your funding source for purchases in our partner apps will be indicated on the same page. 

Can I use a prepaid card or gift card?

We allow credit, debit and prepaid, network branded (e.g. American Express, Discover, MasterCard, Visa) cards registered under your name. Cards may be declined by the card issuer or Venmo for funds availability or fraud prevention reasons. Also, some payment cards may require a zip code to be linked to your account.

Are there fees to use Venmo?

We waive fees when you send money using your Venmo balance, bank account, debit card or prepaid card, so it’s free to use. If you want to send money using a credit card and still collect those points, our standard 3% fee applies. Receiving money and making purchases in other apps with Venmo is always free.

You’ll always be notified when adding a card with a fee, and you can double check any cards that you’ve added in your Settings > Banks & Cards.

Can I change where my payment is coming from?

Actually, no. The funding source and amount of a payment cannot be changed once it’s been sent. The moment you send a payment in Venmo, the funds are authorized to be withdrawn from your funding source. Sorry about that!  

If you sent a payment using iMessage and it hasn’t been accepted yet, or it went to a “New User”, you will still have the option to cancel the payment. You can read more about that here.

Please see the article on how to update your primary funding source, so that the correct payment method is debited for next time!"

Can a bank account be added to two separate Venmo accounts?  

At this time, a bank account or card can only be linked to one Venmo account. This requirement is in place to help prevent fraudulent transactions and protect the financial security of our users.

If you run into a situation where you’re unable to add a funding source that’s already linked to another Venmo user, feel free to contact us and we can help.

Joint bank account? See this help article.

Why was my card charged $0/$1 when I added it to Venmo?

Sometimes when people add a card to Venmo, they'll see a small line item on their debit/credit card statement that looks like this:

CHECKCARD XXXX VENMO 646-863-9557 NY 000000000000 $1.00

The amount could also be $0, but it's never larger than $1. This is a temporary authorization that we run on your card to confirm that the details you entered are correct. It's important to note that this is not an actual charge to your card. After we create this authorization, we cancel it so that you can use this money again.

If you still see a $1 authorization from Venmo after 5-7 business days, please contact your bank and ask them to remove it for you. We already attempt to cancel all of these when we create them, and cannot take further action on our end once we do so.

Can I add my PayPal card or PayPal account to Venmo? 

Adding your PayPal card or PayPal account to use in your Venmo account is not a feature that is available at this time. Sorry about that! 

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