How to Add Money to Venmo? | Free Venmo Guide

In this article, we’re explaining how to add money to Venmo accounts for individual and business users.

We will provide the step-by-step process for adding funds to your Venmo account along with different funding options that you can consider.

Of course, we will also be highlighting American banking options that you can open online to access USD transactions as a foreign non-resident, which is not something you can achieve with Venmo.

Feel free to use the table of contents to jump ahead to the sections most relevant to you.

Table of Contents

1. How to Add Money to Venmo
2. Steps to Add Money From Bank Account to Venmo Account
3. Frequently Asked Questions
4. Ready to Open Accounts With Banks in the USA?

How to Add Money to Venmo?

To add money to Venmo, you need to follow six steps, which include opening the Venmo app, navigating to the correct menu in the app, selecting the source, confirming the amount, selecting the account or card you want to use, and proceeding to top up your Venmo account. 

Please note: Venmo is a straightforward platform with easy-to-use account instructions, which they provide on their website. But, we have been asked about this topic so we decided to address it for our readers here.

Here is a closer look at how to add money to Venmo:

1. Opening the Venmo app on your mobile device
2. Selecting “Add Money” from the “Manage Balance” section of the digital wallet
3. Choosing between the available payment methods
4. Confirming the amount you want to add to your Venmo account
5. Selecting the specific funding options available, and
6. Clicking “Add” in order to transfer funds

Before diving in any further, if this is your first time visiting GlobalBanks, don’t forget to download your FREE US Banking Starter Guide. It’s designed to help non-residents with opening bank accounts at top financial institutions in the US.

Steps to Add Money From Bank Account to Venmo Account

The steps to add money from a bank account to a Venmo are the same as those listed above. That said, there is one slight variation, which is in step 3. More specifically, instead of choosing between the available methods, you will choose “bank account”. Then in step 5, you will choose the specific bank account you want to use.

Here is a closer look at how to add money to Venmo using a bank account:

1. Opening the Venmo app on your mobile device
2. Selecting “Add Money” from the “Manage Balance” section of the digital wallet
3. Choosing between the available payment methods
4. Confirming the amount you want to add to your Venmo account
5. Selecting the specific funding options available, and
6. Clicking “Add” in order to transfer funds

If you want to use Venmo (or other financial service applications) but are concerned with sharing your bank account details, you can consider an intermediary platform to increase security, such as Plaid.

Frequently Asked Questions

Below are fiveof the most common questions we receive from people looking into how to add money to Venmo. If you have further questions you would like to ask our team, don’t hesitate to get in touch.

Can I Transfer Money From PayPal to Venmo?

No, you cannot add money from PayPal to Venmo. However, if you have your PayPal account linked to a bank account, then you can transfer funds from your PayPal account to your bank account and then fund your Venmo account with the same bank account.

Does it Cost Money to Add Money to My Venmo Balance?

No, it does not cost you money to add funds to your Venmo balance if you are funding the account from a bank account or debit card. However, if you choose to add money to your Venmo balance from a credit card, additional fees will apply. It’s also important to note that many credit cards will charge a cash advance fee for using credit cards to fund a Venmo account.

Why Can’t I Add Money to Venmo?

If you can’t add money to your Venmo account, it may be due to insufficient funds in the bank account or the debit card linked to your Venmo account. If you have sufficient funds in your account, then it may be due to incompatibility between the Venmo application and the specific financial institution that you are trying to connect to.

Can I Add Money to Venmo Instantly?

Yes, you can add money to Venmo instantly by using a debit card to fund the deposit. However, if you choose to add money to Venmo with a bank transfer, it usually takes between three and five business days for the transaction to clear.

How Do I Add Money to Venmo From Cash App?

To add money to Venmo from Cash App, you will need to use your Cash App card or go through the process of manually confirming a bank account through ACH transfer verification. The fastest option is using the Cash App card. However, confirming manually is also possible.

Ready to Open Accounts With Banks in the USA?

If so, you can get access to GlobalBanks USA (our dedicated US banking service) in just a few clicks.

GlobalBanks USA is a 100% personal account opening solution. It provides direct access to our team of US banking experts.

When you join, you receive…

+ Expert suggestions on where to open US bank accounts.

+ Step-by-step support to navigate opening US bank accounts.

+ Direct introductions to helpful and responsive bankers.

+ Plus, detailed guides to maximizing the value you get from your new US bank account.

And “yes!” GlobalBanks USA helps foreigners and non-resident individuals open bank accounts.

In fact, GlobalBanks USA even helps non-resident US LLCs and foreign & offshore entities.

To learn more about GlobalBanks USA, visit the product page to see how our team can help you successfully open US bank accounts!