Where Can I Load Money to My Venmo Card?
Since its inception in 2009, Venmo has become one of the most popular apps in the world, allowing users to send and receive money with ease. In 2018, Venmo launched its own card, making it easier for users to access their funds without having to transfer them to a bank account first. With the Venmo card, you can pay for purchases anywhere Mastercard is accepted, just like any other debit card. But where can you load money onto your Venmo card? Here are some options to consider.
1. Direct Deposit
If you receive payments through Venmo regularly, you may be eligible for direct deposit. With this option, your employer or other source of income can deposit money directly onto your Venmo card, without needing to transfer it from your bank account. To sign up for direct deposit, go to the Venmo app’s menu, click on Settings, and then click on ‘Direct Deposit and Bank Transfers.’ Follow the prompts to set up direct deposit, and ensure that your employer has the necessary information to deposit money into your Venmo account.
2. Bank Transfer
Another option for loading funds onto your Venmo card is by transferring money from your bank account. To do this, go to your Venmo app, click on ‘Transfer Money,’ and enter the amount you wish to transfer. You can choose to transfer money instantly, which will cost a 1% fee, or transfer money for free, which can take several business days to complete. This is a great option if you have a balance in your bank account that you’d like to use on your Venmo card.
3. Debit Card Transfer
If you need to load funds onto your Venmo card quickly, you can use a debit card transfer. This feature allows you to transfer funds from your debit card onto your Venmo card instantly for a 1% fee. To do this, go to your Venmo app, click on ‘Transfer Money,’ and choose ‘Instant Transfer.’ Enter the amount you wish to transfer, and then select your debit card as the funding source. You’ll need to have a verified debit card on file with Venmo to use this option.
4. Cash Reload
If you prefer to load cash onto your Venmo card, you can do so with a cash reload. There are a number of retail locations that offer Venmo reloads, including CVS, Walgreens, and 7-Eleven. To use this option, go to a participating retailer, let them know you’d like to load your Venmo card, and then provide the necessary information and cash. There may be a fee associated with cash reloads, so be sure to check with the retailer before reloading your card.
Conclusion
Regardless of how you choose to load your Venmo card, there are a number of options available to suit your needs. Whether you prefer to transfer funds from your bank account or load cash onto your card, Venmo makes it easy to access your funds quickly and conveniently. Consider all of these options carefully before making a decision, and be sure to familiarize yourself with any fees or charges associated with each method of loading your Venmo card.
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