How to Get Money Out of Venmo Without Bank Account

Venmo is the most popular app for transferring money between people. The downside to this convenience is that you need a bank account in order to withdraw your money from Venmo. If you don’t have a bank account, then there are some other options available to get your cash out of Venmo and into your hands!

The best way to get money from Venmo without a bank account is by using a Venmo Debit Card. This card operates normally like the other cards from credit unions and banks. Venmo Debit Card allows you to transfer money to other cards online.

Venmo Debit Card is a Mastercard card that usually operates on the Mastercard network. It is therefore possible to withdraw money from an ATM that is accepting Mastercard.

Table Of Contents

How to Get Money Out of Venmo Without Bank Account (Step by Step Guide)
How Long Do I Wait To Receive My Debit Card
Is It Possible To Use The Venmo Debit Card Outside Of The United States
How Much Does It Cost To Apply For A Venmo Debit Card
Bottom Line
Related Articles
Frequently Asked Questions

How to Get Money Out of Venmo Without Bank Account (Step by Step Guide)

Step 1: Log in to your Venmo account.
Step 2: Tap on the “Transfer” button.
Step 3: Choose “Cash Out” from the options.
Step 4: Enter the amount you want to transfer.
Step 5: Select “Add a new debit card” or “Use an existing debit card” if you have one connected to your account.
Step 6: Enter the card number, expiration date, and security code.
Step 7: Confirm the details and tap “Cash Out”.
Step 8: Wait for the transfer to processed, it might take few minutes or hours.
Step 9: Once the transfer is complete, the funds will available on your debit card.
Step 10: Withdraw cash from an ATM or use your debit card to make a purchase.

It’s important to note that there might fees associated with using a debit card to cash out from Venmo. Also, you can use a prepaid debit card or a credit card to get money out of Venmo but in this case, the fees are usually higher.

How Long Do I Wait To Receive My Debit Card

The debit card usually takes 7-10 business days to arrive. It will sent to the address you provided which is most likely your current residential or mailing address.

Is It Possible To Use The Venmo Debit Card Outside Of The United States

The Venmo Debit Card is only available in the U.S. and cannot loaded with more than $3,000 USD at a time (with a monthly maximum of $6,000). It can use wherever Visa cards are accept (you will not get international fees) which means that you could also use it internationally if needed.

How Much Does It Cost To Apply For A Venmo Debit Card

It’s easy to open a credit card. A debit card requires no paperwork, and there is no annual charge for it, unlike certain other banks. Online transactions utilizing the card are also free of charge.

However, there are costs to using a credit card. For example, the ATM withdrawal fee is $2.50. you will pay $3 if you withdraw money from an automated teller machine (ATM) or any other institution that offers cash services.

However, if you withdraw money using MoneyPass ATMs within the United States, you avoid fees. Depending on a merchant’s participation, you may get cashback from purchases with labels Maestro or PULSE.

Bottom Line

The Venmo Mastercard Debit card allows you to make transactions without a bank account using Venmo. You may withdraw cash from an ATM and use it for various purchases, as well as making purchases over the counter of any branch that accepts Mastercard. Even while you can withdraw money from Venmo without the need for a bank account, you’ll need one to pay for your Venmo purchases when required.

Frequently Asked Questions

May I Have More Than One Debit Card On My Account?

You can’t have two cards on your account. Furthermore, you won’t be able to add someone else’s bank card to your account.

Is There Any Way I Can Send Money From My Bank Account To My Venmo Account Without Using A Debit Card?

Unfortunately, there is no other way send money from your bank account to your Venmo account. This means that you will need access to a debit or credit card in order to send money to your account.

Does Getting Paid Affect My Credit Score?

Yes, it will affect your credit. This means that if you are planning on applying for any sort of large loan in the future (such as a mortgage) then you should refrain from requesting money throughout Venmo. Instead, see if the person sending you money can send it to your bank account directly so that there is no impact on your credit score.

What Is The Difference Between A Prepaid And A Debit Visa Card?

The main difference is that a prepaid card requires you to load money onto it while a debit card does not. You can add money to your Venmo account directly or link your bank account to your debit card and transfer money from there.

What Should You Do If Your Venmo Debit Card Is Lost Or Stolen?

First of all, you should call your bank and tell them to cancel the card. This will prevent someone from potentially using it after stealing your card or finding it later on in a public place. Once the card has been canceled you will have to wait for a new one to arrive in the mail before being able to use Venmo again.

Is There An Expiration Date On A Venmo Debit Card?

No, your card does not expire. However, the monthly fee of $6 USD/month is charged directly to your account annually. You will need to cancel the service or else it will automatically renew and you will be charged again.

How Do I Know How Much Money Is Left On My Venmo Debit Card?

You can’t track your funds specifically through Venmo, but you can check your Venmo balance in the ‘Recent Activity’ section of their mobile app. It will show you how much money is inside your account and what transactions have been made recently.

How Can I Recharge My Venmo Account?

You can recharge your card by going to the ‘Balance’ section of the mobile app and tapping ‘Add Funds’. It will then ask you how much money you would like to add and allow you to use a debit or credit card.

Can I Get ATM Cash With My Venmo Debit Card?

Yes, it is possible to get cash from an ATM with your card. If you would like to withdraw money then go to the ‘Balance’ section of the app and tap on ‘Get Cash’. It will show you nearby ATMs that are available for use, so you can choose which one is right for you.

How Do I Add Additional Funds To My Venmo Account?

To add funds to your Venmo account you will first need to open the app and select the ‘Balance’ tab. Next, tap on ‘Add Funds’ and either link your bank or use a debit/credit card. You can choose whichever payment option is most convenient for you. Once the process is complete you will have successfully added money to your Venmo account.

How Do I Check My Balance On The Venmo Debit Card?

To check your Venmo debit card balance, tap on ‘Balance’ in the top right corner of the mobile app. This will show you exactly how much money is inside your account and allow you to see all recent transactions.

Can I Use Venmo Debit Card At Any ATM?

No, you can only use your card at ATMs that support MasterCard. If you try to use the card with an ATM that does not accept this type of payment then it will be declined and you won’t be able to withdraw any money. You can find a full list of ATMs by visiting the official Venmo website.

Can I Have More Than One Venmo Debit Card?

You are only allowed to have one card linked to your account at any time, so you won’t be able to add another debit card while the other is already being used. If you wish to create multiple cards then you will need to cancel the original before trying again.

How Do I Cancel My Venmo Debit Card?

To cancel your card, you will first need to make sure that there is no money inside of the account and that the fee has been paid for the current month. To do this, go into your ‘Balance’ section of the app and make sure that it shows $0. If you have any funds inside of your account then tap ‘Get Cash’ first to remove them. Once the balance is at 0 you can continue trying to cancel the card. You will need to press on ‘Cancel Your Card’ option, which is found in the top right corner of the screen. Then select your reason for canceling and you’re done!

Can I Cancel My Venmo Card Subscription?

You will need to call the customer service department to cancel your card subscription. It is not possible to cancel the service through the app itself, or online on the Venmo website.

Will My Venmo Account Be Charged If I Cancel?

If you cancel your card before the month is over then you will not be charged for the following month. However, it is still possible to access your subscription until it expires at which point any outstanding charges will appear on your next statement with your bank.