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How To Transfer Money From Venmo To Cash App

We’re all sitting on our hands when we strive to maintain track of the plethora of e-Wallets that users must manage daily. If you seek a way to transfer funds from Venmo Account to Cash App, you aren’t alone.

If you want to transfer cash from Venmo to Cash App, you have two options: set up a direct deposit for the Cash App account or use a checking account connected to both apps. Here’s a quick rundown of the fastest and easiest method:

The Easiest Method To Transfer Money From Venmo To Cash App

  • Launch The Cash App To Obtain The Routing and Account Numbers: Once you’ve activated your Cash App card, you’ll be able to access your bank routing and account numbers. 
  • Add The Cash App Card As Bank On Venmo: Connect your Cash App Card to Venmo by entering the Cash App’s bank account and routing number.
  • Transfer Funds From Venmo To Cash App: After you’ve linked your Cash App Card as a bank, you can transfer funds from your Venmo account to your Cash App Card as usual.

How To Transfer Money From Venmo To Cash App Without Bank Account?

how to Transfer Money From Venmo To Cash App

There is an alternative method for sending money to a family member or friend with whom you don’t share a bank account. This type of transfer is possible via Direct Deposit. Once Cash App users activate their Cash App Card, it becomes functionally equivalent to a bank account.

Keep reading if you are unsure how to establish your Venmo account or obtain your routing numbers. 

1) Locate Your Cash App Routing And Account Numbers

You must know your routing number before transferring funds to your Cash App account. Here’s what you need to do to obtain your routing number:

  1. Navigate to your Cash App.
  2. Tap the $ sign to open the “My Cash” section.
  3. Choose the “Cash” option, denoted by $.
  4. Navigate to the “Direct Deposit” tab.
  5. Click “Receive Account Number.”
  6. Tap “Enable Account” in the pop-up window.
  7. Cash App will display your routing number and account number under your account information.

2) Set Up Your Cash App Account As Bank On Your Venmo

Paste your routing and account numbers into your Venmo account. To do so, you must do the following:

  1. Navigate to your Venmo App.
  2. Click the hamburger icon “☰” in the app’s upper right corner to enlarge the menu.
  3. Navigate to the “Settings” section.
  4. Click “Payment Methods.”
  5. Choose “Add a Card or Bank.”
  6. Select “Bank.”
  7. Enter the Cash App Routing and Account Numbers.
  8. Select your authentication method.

3) Transfer Money To Cash App Card Utilizing Venmo

There’s yet another option if you are in a hurry and require physical cash instantly. You have the option of withdrawing your Venmo balance using your Cash App Card. Here’s how to go about it:

  1. Navigate to your Venmo App.
  2. Click the hamburger icon “☰” in the app’s upper right corner to enlarge the menu.
  3. Navigate to the “Settings” section.
  4. Choose “Add a Card or Bank.”
  5. Select “Bank.”
  6. Enter your Cash App Card information or capture the image of your Cash App Card using your phone’s camera.

Once you’ve added your Cash App Card or routing number to Venmo, you’ll be capable of transferring cash from your Venmo balance to your Cash App.

How Much Can You Transfer To Your Cash App Using Venmo?

While it is not strictly necessary, it is recommended that you validate your authenticity on Venmo. All the Venmo accounts owned by individuals who fail to validate their authenticity have a weekly transfer limit of $299.99. Upon validation, this limit is increased to $2999.99 per week.

Steps For Verifying Your Identity On Venmo

You can verify your identity by taking the following steps:

  1. Navigate to your Venmo App.
  2. Click the hamburger icon “☰” in the app’s upper right corner to enlarge the menu.
  3. Navigate to the “Settings” section.
  4. Choose “Identity Verification.”

The Venmo app will then prompt you to enter the following details:

  • Full legal name
  • Social Security Number
  • US Address
  • Birthday
  • Zip Code

Unverified accounts have a transfer limit of $999.99 when sending funds from Venmo to your connected bank. Transfers of up to $19999.99 per week will be permitted for verified accounts.

Is There A Fee For Using Venmo?

Venmo, like other payment apps, charges you for every service you utilize. For instance, if you deposit your credit card balance, Venmo will charge you 3 per cent of the amount. Venmo will, however, deduct 1 per cent or 25 cents from the amount for instant transactions. Moreover, Venmo charges you when you purchase items online that accept Venmo payment, even if you use a credit card.

Learn More: How To Transfer Money From Venmo To Apple Pay?

Why Can’t Money Be Transferred From Venmo To Cash App Directly?

Cash App and Venmo are designed for the same purpose: peer-to-peer money transfer. Because the two companies are competitors, they do not support direct money exchange.

Can I Withdraw Funds From My Venmo Account?

Yes. You can withdraw cash from your Venmo account using an ATM that accepts Cirrus, Mastercard, or PULSE. However, you must pay a cash withdrawal fee of $2.50.

How To Make A Cash App Withdrawal Without A Bank Account?

It is possible to receive the funds even if you don’t have an existing bank account linked. However, you should be aware that the amount of money received will be accessible in the Cash App wallet but will not be accessible for cash out because a Cash Card is needed.

Launch the Cash App on your device and then navigate to the “Activity” section to withdraw cash without a bank account. Then, tap “Accept” on the button next to the sender’s name on the pending payment section.

Because you don’t have a bank account connected to your Cash App, Cash App will transfer the money directly to your Cash App wallet. Keep in mind that having a bank account linked to your Cash App may always be preferable because it speeds up the transfer and ensures that it goes smoothly.

Is There A Fee For Using A Cash Card?

All card transactions are subject to a transfer fee. It is usually set at 1% of the exchanged amount. The minimum charge is $0.25, and the highest is $10. You can find authorized vendors here and make purchases without incurring any additional fees. If you buy from someone other than these sellers, you must pay a standard 3 per cent fee.

Is There A Fee For Withdrawing Money From Cash App?

Cash App may charge withdrawal fees, but this varies depending on the situation. When you make an immediate withdrawal, you usually have to pay fees. If you require the money right away, you can make a quick withdrawal for $0.25.

It is possible to avoid fees, but this may result in slower withdrawal processing times. To avoid fees, you should have a card or a bank account linked to your Cash App.

You can also make a free Standard withdrawal. It implies that your withdrawal will take no more than three days. If you don’t mind being charged withdrawal fees, this can be a great way to avoid the charges.

Bottom Line

Transferring funds from Venmo to Cash App necessitates connecting your Cash App to your Venmo or having both accounts linked to the same bank account. In addition, unless you use the app to purchase something online, Venmo will charge you for each transaction.