Venmo users who have been approved for a Venmo Mastercard® have the option to add money from a verified bank account directly to their Venmo balance. In order to do so, follow these steps:
2. In the Venmo app:
- Tap the “☰” icon in the upper-left corner of the app.
- Tap “Manage Balance”
- Tap “Add Money”
- Enter the amount you’d like to transfer,* and tap “Done”
- Confirm the bank account you’d like to transfer money from, and tap “Next”
- Review the transfer information and estimated arrival date, and then tap “Add Money”. Once you do this, there is no way to cancel your transfer.
How long does it take for the funds to reach my Venmo balance?
Add Money transfers typically take 3-5 business days to reach your Venmo balance, and the funds from that transfer won’t be available until the transfer is complete.
Can I cancel my transfer to my Venmo balance?
A transfer to your Venmo balance cannot be cancelled once it is initiated. It is important to note that the Venmo Support team is also unable to cancel transfers to your Venmo balance. If you change your mind after initiating a transfer to your Venmo balance, you can transfer it back to your bank once it completes.
What if the transfer to my Venmo balance fails?
Transfers can fail for a variety of reasons. If your transfer to your Venmo balance fails, you will be notified via email, and the funds will not move from your bank to your Venmo balance.
Why don’t I see the ability to add money in my Venmo app?
At this time, only users who have applied for and received a Venmo card have the ability to add money to their Venmo balance manually. If you’d like more information about applying for a Venmo card, click here. Keep in mind that you don’t need to add money to your Venmo balance to pay friends or businesses in the app.
*Are there any limits to how much money I can add to my Venmo balance?
There is a $1,500.00 weekly rolling limit on transferring funds into your Venmo balance. A transaction counts against your weekly rolling limit for exactly one week following the time of the transaction. So, for example, if you add money to your Venmo balance on a Monday at 11 AM, then at exactly 11:01 AM the following Monday, that transaction will no longer count against your limit. For more information about limits on Venmo, click here.
The Venmo Mastercard is issued by The Bancorp Bank pursuant to license by Mastercard International Incorporated. The Bancorp Bank; Member FDIC. Card may be used everywhere Mastercard is accepted in the U.S. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.