Steps to Transfer Money
- Open the Venmo app and log in.
- Tap the “Me” tab. This is usually located in the bottom right corner of the app.
- Tap on “Transfer to Bank” or “Manage Balance” (depending on your app version).
- Select your preferred transfer method: Standard Transfer (1-3 business days) or Instant Transfer (within 30 minutes). Be aware of the fee associated with instant transfers.
- Enter the transfer amount.
- Choose the bank account you want to transfer the money to. If you have multiple linked accounts, select the desired one.
- Review the transfer details carefully. This includes the amount, transfer method, and destination bank account.
- Tap “Transfer” to initiate the transfer.
Confirmation and Tracking
- You’ll receive a confirmation notification from Venmo once the transfer is initiated.
- For standard transfers, you won’t see the money reflected in your bank account immediately. It typically takes 1-3 business days.
- Instant transfers should appear in your bank account within 30 minutes.
How to Transfer Money from Venmo to Bank?
Venmo is a convenient way to send and receive money quickly. But what if you need to transfer funds from your Venmo balance to your bank account? Here’s a detailed guide on how to do that: