July 1, 2022

From splitting rent with roommates to paying back a friend for an awesome birthday party, there are plenty of reasons to transfer money from your Venmo account to your bank. But you can’t directly deposit Venmo funds into your checking account — not without some effort, anyway. When it comes to moving money from Venmo to your bank, you have two options: Luckily, both of these choices are simple and straightforward. In this article, we’ll explain how you can transfer money from Venmo to your bank in just a few steps. Read on for more details about the pros and cons of each option — and learn how you can move cash from Venmo to your checking account as quickly as possible.

Option 1: Withdraw Cash Through Venmo

One of the easiest ways to transfer money from Venmo to your bank account is by withdrawing cash from your Venmo account. To do so, all you need to do is request money from your Venmo balance and withdraw it through your Venmo app. The only downside to this method is that it takes time — and it might cost you a bit in fees. Here’s how it works: First, go to the Venmo app and find your Venmo balance under the “History” tab. When you select the “Cash Out” option, you’ll be prompted to enter the amount you’d like to withdraw from your Venmo account. Once you’ve selected the amount, Venmo will let you know your withdrawal is complete. Then, you’ll need to visit your closest Venmo cash location to pick up the cash.

Option 2: Transfer Money From Venmo To Bank Using a Card

If you need to move money from Venmo to your checking account as quickly as possible, you can use a debit card to transfer funds from Venmo to a bank account. This option is simple, straightforward, and (depending on your financial institution) could arrive in your bank account as quickly as one or two business days — though it’s worth noting that some banks may charge a small fee for this service. Here’s how it works: First, select the amount you’d like to send from your Venmo account and enter the recipient’s account information. Once you’ve added the recipient’s information, select “Transfer” to initiate the transaction. Note that some banks may require you to set up an account and enter your routing number before transferring money from Venmo to your bank account.

Option 3: Transfer Money from Venmo to Bank Account Using an Automated Clearing House (ACH) Agreement

If you want to move money from Venmo to your bank account without paying any additional fees, you can set up an automated clearing house (ACH) agreement to transfer funds from Venmo to your bank account. Note, however, that this process may take up to 10 days to complete — so it’s best to use it when you have time to spare. Here’s how to transfer money from Venmo to your bank account using an ACH agreement: First, select the amount you’d like to transfer from your Venmo account and enter the recipient’s account information. Once you’ve added the recipient’s information, select “Transfer” to initiate the transaction. Then, you’ll need to visit your bank’s website to enter your routing number and other account information.

How to Withdraw Cash from your Venmo Balance

If you’d like to withdraw cash from your Venmo account, you’ll need to visit the Venmo cash location nearest you. Depending on where you live, you may be able to access Venmo’s “Venmo at Walgreens” program to withdraw cash from more than 10,000 participating Walgreens locations across the country. Once you find the Venmo cash location nearest you, you can either visit the location in person or withdraw cash from your Venmo app. With the Venmo app, you can request cash from your Venmo balance by selecting “Cash Out” and entering the amount you’d like to withdraw. Keep in mind that if you request cash through the Venmo app, you may be charged a small convenience fee.

How to Transfer From Venmo to Your Bank Account with a Card

If you’d like to transfer money from Venmo to your bank account using a debit card, you’ll need to first add your debit card to your Venmo account. To add a debit card to your Venmo account, follow these steps: First, select the amount you’d like to transfer from your Venmo account and enter the recipient’s account information. Then, select “Transfer” to initiate the transaction. Once you’ve added the recipient’s information, select “Debit Card” to transfer the funds from your Venmo account to your bank account. Once the transaction has been processed, the money should appear in your bank account within 24 hours.

How to Transfer Money from Venmo to Bank Account Using an ACH Agreement

If you’d like to move money from Venmo to your bank account using an ACH agreement, you’ll need to first verify your bank account with Venmo. Once your bank account has been verified, you can transfer money from Venmo to your bank account using an ACH agreement. To arrange for this, follow these steps: First, select the amount you’d like to transfer from your Venmo account and enter the recipient’s account information. Then, select “Transfer” to initiate the transaction. Once you’ve added the recipient’s information, select “ACH” to arrange for the transfer. Once the transaction has been processed, the money should appear in your bank account within two to three days.

Bottom line

Venmo is a great way to easily split bills with friends, pay back a friend for an awesome birthday gift, or even pay rent to a landlord or roommate. But when it comes time to actually move money from Venmo to your bank account, you have a few different options. While withdrawing cash from your Venmo balance is the quickest and simplest way to transfer money from Venmo to your bank account, it may cost you a bit in fees. Choosing to transfer money from Venmo to your bank account with a debit card or an ACH agreement are both simple and straightforward. And best of all, they’ll help you quickly move money from Venmo to your bank account — so you can get back to enjoying Venmo’s other many benefits.

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