Venmo is an impeccable peer-to-peer money transfer app, but some users have needed help finding how to get money from Venmo without a bank account. Fortunately, now we have the answer!
How To Get Money From Venmo Without Bank Account For Free?
Venmo has a user-friendly debit card can help you get money without depending on a bank account. You can easily apply for it through the mobile app and have it delivered to your doorstep.
Now, if you are wondering why you need this piece of plastic, here’s the answer!
- Venmo debit cards support online payments at multiple e-stores and merchants, which means you can get money off Venmo instantly.
- It can be used to clear bills at a physical store as well.
- You can get the debit with $0 additional charges.
- It allows you to cash out at an ATM or request over-the-counter money at different locations.
You should have this card in your wallet for so many reasons!
Moreover, it lets you get money from Venmo without relying on a bank account.
So, if you are 18 years or older and a legal resident in the US who owns a US-based cellphone, nothing is stopping you from getting your hands on the card right away!
Other Ways To Get Money From Venmo Without Bank Account
Although a debit card is one of the most popular options, there are other methods to get money from Venmo if you don’t have a bank account.
Prepaid Debit Card
The majority of retailers now sell prepaid cards. You can purchase one and add money using cash, check, or credit card. You can transfer the funds to or from your Venmo account with the prepaid card as well, but keep in mind that additional fees will be associated.
Through a Friend
Friends can help you get money from Venmo if they have an account. Ask a trustworthy friend to send money to their Venmo account, withdraw it via the bank, and give it to you. You can return the funds in cash.
Third-Party Service
You can get money from Venmo without a bank account with the help of a few third-party services. There may be additional fees for the transfer, but most such options are reliable and provide hassle-free money transfer. Examples include Cash App and Ingo Money.
Can You Receive Money On Venmo Without a Bank Account?
You can receive money on Venmo without a bank account. You only need to link a prepaid debit or credit card to your Venmo account to proceed with such transactions.
As discussed above, Venmo offers a debit card to connect to your account. Moreover, you can use a debit card to receive/send money.
How To Complete Venmo Debit Card Application via Mobile App?
- You can apply for the Venmo debit card through the mobile app.
- Open the app and tap on the three bars towards the top right corner of the screen.
- Then, locate the option that mentions Venmo Debit card. It would take you right away to the card application form.
- Fill out this form online with the necessary personal information. You must then attach government identification documents, such as an SSN card, driver’s license, tribal ID card, etc.
- Complete the form by providing a clear, high-quality picture of yourself.
Once the application is submitted, you might have to wait up to 2 weeks for the card to reach you after the approval.
You can contact Venmo customer care center if the delivery takes longer than that.
No monthly charges or application charges are associated with a Venmo debit card.
It would help if you remembered that every time you withdraw money via ATM, it would cost you $2.50 per transfer. Over-the-counter withdrawals also come with $3.00 additional charges.
Is It Possible To Recharge Venmo Debit Card Once You Run Out of Balance?
You can recharge a Venmo debit card or move funds directly into your account by 3 different methods, some of which are more convenient than others.
- Bank-to-bank direct transfer.
- Direct deposit into the debit card
- Online check deposit into Venmo account
Bank-to-bank money transfer is a great way to top-up your account or even ask your friends or family members to send you money.
- Access your Venmo account by logging in and clicking on the Manage Balance tab.
- After that, provide the amount of money you wish to transfer and click Done.
- Move back to choose which account to link. Tap on Add Bank and then click Next.
- Confirm the details you provided and decide to transfer the money immediately.
Alternatively, you can use direct deposit and online check deposits as well. Direct deposits to the card would become available right away. You only have to provide the routing and account numbers to complete the transfer.
If you choose to make an online check deposit instead, you can use the Venmo app again.
- Login to your account and click on Manage Balance.
- Then tap Cash a Check and provide the money you want to deposit.
- Tap Deposit the check, and the equivalent amount will be sent to your Venmo account.
What Are The Limits For Venmo Debit Card Usage?
Venmo has set several limits to restrict overspending via account and also help minimize the damage to your account if the access falls into the wrong hands.
The limit that card users should be primarily concerned about is how much you can withdraw from an ATM or take over the counter. In both cases, the maximum you can cash out is $400 daily.
Other than that, Venmo lets you transfer up to $6999.99 weekly for verified Venmo accounts and a much lesser amount for those with unverified accounts.
Need To Deactivate The Debit Card? Here’s How That Works!
You can deactivate the card if it no longer serves any purpose. Moreover, it is advisable to deactivate the card if you have misplaced it or it got stolen.
- You can do so by logging into your mobile app and tapping Settings.
- Then click on Venmo debit card and hit the deactivate button.
Alternatively, you can turn it off by contacting the Venmo customer support team at 855-204-4090.
There is no need to deactivate a debit card already expired because it will be turned off automatically. Venmo debit card comes with an expiration date, which the cardholders are informed about two months beforehand.
Moreover, a card that has yet to expire would be deactivated automatically by Venmo if you haven’t used it for over 3 months. Reactivation would require you to make at least a single transaction immediately.
Where Can I Withdraw Money From Venmo For Free?
The best way to withdraw money from Venmo for free is by using MoneyPass ATM. This works within the US and in some US territories.
Before choosing where to withdraw, you must look for Mastercard, PULSE, MoneyPass, or Cirrus acceptance marks for ATMs.
Before You Go!
Venmo is an impeccable app for peer-to-peer money transfers. It was launched in 2009 and supports debit card use and mobile banking. You can download and use the Venmo app on Android as well as Apple smartphones. You can also learn how to get money from Venmo to PayPal or transfer from Venmo to Cash App quickly.
Furthermore, it is a safe platform, ensuring your funds are FDIC-insured. You can use it without hesitation for online shopping and in-store purchases, electronic bill payments, ATM cash withdrawals, etc., without the worry or risk to security.
If the bank account is not an option, you can use a Venmo debit card to take out or transfer money to other accounts.
Hopefully, the article addressed all your queries related to Venmo money transfer options without a bank account. Looking forward to reading your reviews in the comment section!
Miriam Caldwell is a dedicated & expert freelance writer to educate people about personal finance management and budgeting. She shared her knowledge and published the articles at TheBalance.com, GOBankingRates, and BlissfullyDomestic.com. Many financial institutes pick Caldwell as the brilliant source for educational personal finance content.
