Linking Your Bank Account
The first and most straightforward way of loading your Venmo balance is by linking your bank account to your Venmo account. To do that, follow these simple steps:1. Go to the Venmo app and click the Menu bar on the top left corner of your screen.
2. Select the “Settings” option
3. Click “Payment Methods” and then “Add a bank or card”
4. Follow the instructions to add your bank account securely.
After you have linked your bank account to Venmo, you can use the “Add Money” feature to transfer funds from your bank account to your Venmo balance. This process can take a couple of days, so plan ahead.Transferring Money from Venmo Credit Card
If you have a Venmo credit card, you can transfer money from it to your Venmo balance. Follow these steps to do it:1. Open the Venmo app and click on the “Venmo Credit Card” button
2. Click on the “Manage Your Card” option
3. Click the “Transfer to Venmo” option to move your funds to your Venmo balance
It’s important to note that like other credit cards, Venmo credit cards are associated with an interest rate, and you should be mindful of the fees involved when transferring funds.Adding Money with Direct Deposit
Venmo also offers direct deposit options, which allow you to add money to your Venmo account with ease. To do that, follow these steps:1. Open the Venmo app and click on the “Menu” option
2. Click “Settings”
3. Select “Direct Deposit” and choose “Add New Bank”
4. Follow the instructions to link your account
Once you’ve linked your account, funds are deposited into your Venmo account overnight or within 1-3 business days, depending on the bank and account type. This option is particularly convenient if you receive frequent payments from employers or freelance clients and want to add those funds to your account automatically.Adding Money with PayPal
If you prefer using PayPal, you can also add money to your Venmo balance using the PayPal app. Here’s how:1. Open the PayPal app and navigate to the “Wallet” option
2. Click “Add Money” then choose the bank account to transfer from
3. Select how much money you want to add and click “Add”
4. Open the Venmo app, click “Menu” and select “Transfer to Bank”
5. Choose the bank account to receive your funds and the amount of money you want to transfer
This is a particularly convenient option for people who use both PayPal and Venmo and want to consolidate their funds.