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How to Add Money to Your Venmo Account: The Complete Guide

Venmo has become one of the most popular and convenient payment apps. With just a few taps on your smartphone, you can easily send and receive money, split bills with friends, pay your share for dinner, and more. No wallet required!

According to Business Insider Intelligence, Venmo‘s total payment volume grew 56% in Q2 2022 to $72 billion. Compared to other big payment apps like Apple Pay and Zelle, Venmo processed significantly more transactions last quarter:

<insert graph of payment app transaction volume, with Venmo at top>

With Venmo‘s rising popularity, you may find yourself using it for more and more daily purchases. You‘ll want to add money to your Venmo balance for quick access anytime.

Adding money is easy once you know the steps. In this ultimate guide, I‘ll walk you through how to add money on Venmo using:

  • Your bank account
  • Debit/credit card
  • Venmo debit card

I‘ll also compare the pros and cons of each method and give tips on when to use each one. Follow along to get money added to your Venmo balance in minutes!

Adding Money from Your Bank Account

Connecting your bank account to Venmo is free and transfers usually take 3-5 business days. It‘s the best option to avoid fees.

Here are the step-by-step instructions to add money through your bank:

  1. Open up the Venmo app on your phone. Tap on the profile icon (your photo or initials) in the top right corner.

  2. Next tap on the Wallet section right below your name. This is where you manage your Venmo balance.

  3. Under your balance, tap on Add money to your balance.

  4. On the next screen, tap on Add money at the top right.

  5. You‘ll now see a list of any bank accounts linked to your Venmo account. Tap on the one you want to transfer from.

  6. Enter the amount you‘d like to add in dollars. For example, type 100 to add $100.

  7. Double check that the bank account and amount are correct. Once you‘re ready, tap Add now at the bottom.

The transfer starts processing immediately. You‘ll see a notification once the money is in your Venmo balance, usually within 3-5 business days.

Now you can spend that money through Venmo without waiting for bank transfers!

Pros of Using Bank Transfers

  • No fees – bank transfers are always free

  • Large amounts – add up to $2,999 per week

  • Slow transfers avoid overdrafts – money moves between accounts gradually

Cons of Using Bank Transfers

  • Funds take 3-5 business days to become available

  • Can‘t pay instantly if money isn‘t in Venmo yet

  • Need a bank account connected first

Next let‘s look at adding money by card, which is much faster.

Adding Money from a Debit or Credit Card

Debit and credit cards allow instant transfers so your money is available right away. But credit cards come with a 3% fee per transfer.

Follow these steps to add money via card:

  1. In the Venmo app, tap the ≡ menu icon in the top left corner.

  2. Choose Settings from the menu.

  3. Under Preferences, select Payment methods.

  4. On the Payment Methods screen, tap Add a card or bank.

  5. Enter the card number, expiration date, CVV security code, and zip code.

  6. Confirm the card details are correct and tap Add Card.

That‘s it! Your money will now transfer from the card to your Venmo balance instantly.

Now let‘s compare the pros and cons of using debit/credit cards to add money:


  • Instant availability of funds

  • Minimum transfer amount of just $1

  • Can add up to $1,999 per week


  • Debit cards have no fee, credit cards have a 3% fee per transfer

  • Not available on all Venmo accounts

  • Less bank account protection if credits cards get compromised

The Venmo debit card is another excellent way to add money fast. Let‘s look at how it works.

Adding Money with the Venmo Debit Card

Venmo offers a debit card backed by your Venmo balance. It works just like any other debit card, except it transacts through your Venmo account.

The Venmo debit card makes adding money to your balance easy with a special auto-reload function. Here‘s an overview:

  • When you make a purchase, it deducts from your Venmo balance

  • If the purchase exceeds your current balance, the card automatically adds $20-$100 to your Venmo balance to cover it

  • Amount added varies based on your account history

  • Remaining reload money stays in your balance for future use

To get a Venmo debit card:

  1. Open Venmo and tap your profile icon.

  2. Scroll down and tap Get Venmo Card.

  3. Complete the application with your personal information.

  4. Venmo will mail your physical debit card within 7-10 days.

  5. Activate it through the Venmo app and start using!

The auto-reload feature makes this card extremely convenient for managing your Venmo balance.

Now let‘s summarize when you may want to use each method:

When to use bank transfers:

  • Avoiding fees
  • Adding $100+ at once
  • A few days before making a big Venmo purchase

When to use debit/credit card:

  • Need funds instantly
  • Adding small amounts
  • Earning credit card rewards

When to use Venmo card:

  • Frequent Venmo spender
  • Want automatic balance reloads
  • Prefer debit card convenience

Trouble Adding Money?

Some key limitations to be aware of with Venmo balances:

  • Only debit card holders can directly add money through the Venmo app.

  • Weekly limits per method:

    • Bank transfers: $2,999

    • Debit/credit card: $1,999

  • Transfers only process on business days, not weekends/holidays.

If you aren‘t seeing the options to add money, double check you have a Venmo debit card activated. This unlocks balance management features in the Venmo app.

Key Takeaways

Hopefully this guide gave you a detailed overview of how to add money to Venmo using a bank account, card, or Venmo debit card. Here are some key tips:

  • Add money 3-5 days before big purchases to avoid delays

  • Use bank transfers to avoid fees; cards have instant funds

  • The Venmo debit card auto-reloads your balance when needed

  • Transfer limits apply weekly based on your funding method

Adding money directly to your Venmo balance lets you instantly pay anyone, anytime. Just use this handy guide to choose the right method for your needs.