Venmo is a popular mobile payment app that allows users to send and receive money from friends and family. However, Venmo requires users to have a linked bank account in order to withdraw money. This can be problematic for people who do not have a bank account, or for those who do not want to use their bank account for Venmo transactions.
How to Get Money Out of Venmo Without a Bank Account
There are a few different ways to get money out of Venmo without a bank account. Here are some of the most popular options:
1. Use a Prepaid Debit Card
Prepaid debit cards are available at most major retailers, and they can be loaded with funds from your Venmo account. Once your prepaid debit card is loaded, you can use it to withdraw cash from ATMs or to make purchases at stores and online.
2. Use a Venmo Debit Card
Venmo also offers its own debit card, which can be used to withdraw money from ATMs or to make purchases at stores and online. To order a Venmo debit card, you must have a Venmo account and a valid mailing address. Once you receive your Venmo debit card, you can activate it and start using it to withdraw money from your Venmo balance.
3. Ask a Friend to Help
Another way to get money out of Venmo without a bank account is to ask a friend to help you. If your friend has a linked bank account, they can send you money from their Venmo account to their bank account. Once your friend has received the money in their bank account, they can withdraw it and give it to you in cash.
4. Use a Third-Party Service
There are also a number of third-party services that allow you to withdraw money from your Venmo account without a bank account. These services typically charge a fee for their services, but they can be a convenient option if you need to access your money quickly.
Tips for Getting Money Out of Venmo Without a Bank Account
Here are some additional tips for getting money out of Venmo without a bank account:
- Be aware of the fees associated with each withdrawal method. Prepaid debit cards, Venmo debit cards, and third-party services all typically charge fees for withdrawals.
- Compare the different withdrawal options to find the one that is best for you. Consider the fees, the convenience, and the speed of access when making your decision.
- Be careful when using third-party services. Make sure to research the service before using it and read the terms of service carefully.
What is Venmo Debit Card
The Venmo debit card is a good option for people who want to have easy access to their Venmo balance without having to use a bank account. The Venmo debit card can be used to withdraw money from ATMs, make purchases at stores, and pay for goods and services online. However, it is important to note that the Venmo debit card does not offer all of the same features as a traditional debit card, such as overdraft protection.
How to Apply for a Venmo Debit Card
To apply:
- Open the Venmo app and tap on the three lines in the top left corner.
- Tap on “Settings” and then on “Venmo Debit Card.”
- Tap on “Get My Venmo Debit Card.”
- Review the terms and conditions and then tap on “Accept.”
- Enter your shipping address and then tap on “Next.”
- Review your information and then tap on “Submit.”
Once you have submitted your application, it will take a few days for your Venmo debit card to be processed and shipped. You will receive an email notification when your card has been shipped.
To activate your Venmo debit card, you will need to create a PIN. You can do this in the Venmo app or by calling the Venmo customer support line.
Once your Venmo debit card is activated, you can start using it to withdraw money from ATMs, make purchases at stores, and pay for goods and services online. You can also use your Venmo debit card to send and receive money from other Venmo users.
Fees and Limits Associated With Getting Money Out of Your Venmo Debit Card
Fees
- ATM withdrawals: $2.50 per withdrawal (not charged at MoneyPass ATMs)
- Cash back: No fee
- International transactions: 3% of the transaction amount
Limits
- Daily ATM withdrawal limit: $400
- Weekly ATM withdrawal limit: $1,000
- Daily purchase limit: $2,999.99
- Weekly purchase limit: $7,000
It is important to note that these are just the general fees and limits. There may be additional fees and limits imposed by ATM operators or merchants. It is always best to check with the ATM operator or merchant before using your Venmo debit card.
Here are some tips for avoiding fees when using your Venmo debit card:
- Use MoneyPass ATMs to withdraw money for free.
- Use your Venmo debit card to get cash back when making purchases at stores.
- Avoid using your Venmo debit card for international transactions.
Third-Party Services for Money Out Without a Bank Account
There are a number of third-party services that allow you to withdraw money from your Venmo account without a bank account. Some of the most popular third-party services include:
- Cash App: Cash App is a mobile payment app that allows users to send and receive money from friends and family. Cash App also offers a debit card, which can be used to withdraw money from ATMs and make purchases at stores.
- PayPal: PayPal is a popular online payment system that allows users to send and receive money from people all over the world. PayPal also offers a debit card, which can be used to withdraw money from ATMs and make purchases at stores.
- Walmart to Walmart Money Transfer: Walmart to Walmart Money Transfer is a service that allows you to send and receive money at any Walmart store. To use Walmart to Walmart Money Transfer, you will need to create an account and provide a valid ID.
Conclusion
There are a few different ways to get money out of Venmo without a bank account, including using a prepaid debit card, a Venmo debit card, asking a friend to help, or using a third-party service. The best option for you will depend on your individual needs and preferences. Be sure to compare the different options and choose the one that is best for you.
Frequently Asked Questions (FAQ)
Can you get money from Venmo without a bank account?
Yes, there are a few ways to get money from Venmo without a bank account. You can use a prepaid debit card, a Venmo debit card, ask a friend to help, or use a third-party service.
How do I withdraw money from Venmo without a bank or card?
You can withdraw money from Venmo without a bank or card by using a prepaid debit card or a Venmo debit card. You can also ask a friend to help you by having them send the money from their Venmo account to their bank account and then giving it to you in cash.
How do I get money out of Venmo?
To get money out of Venmo, you can transfer the money to your bank account or withdraw it from an ATM using a prepaid debit card or a Venmo debit card. You can also ask a friend to help you by having them send the money from their Venmo account to their bank account and then giving it to you in cash.
How do I get money off Venmo instantly?
To get money off Venmo instantly, you can transfer the money to your bank account for a fee. You can also withdraw the money from an ATM using a Venmo debit card for a fee.
Can I transfer money from my Venmo to my Cash App?
Yes, you can transfer money from your Venmo to your Cash App. However, you will be charged a fee.
What cards does Venmo accept for instant transfer?
Venmo accepts Visa, Mastercard, and American Express debit cards for instant transfer.
How do I transfer money from Venmo to cash App instantly?
To transfer money from Venmo to Cash App instantly, you will need to link your Venmo account to your Cash App account. Once your accounts are linked, you can open the Venmo app and tap on the “Transfer” button. Then, enter the amount of money you want to transfer and the email address or phone number associated with your Cash App account. Finally, tap on the “Transfer” button again to complete the transaction.
Can I transfer money from Venmo to PayPal?
Yes, you can transfer money from Venmo to PayPal. However, you will be charged a fee.
Can I do an instant transfer on Venmo?
Yes, you can do an instant transfer on Venmo. However, you will be charged a fee.
Related Articles
How To Transfer Money From Venmo To Cash App
