Can You Use Venmo to Send & Receive Money Without A Bank Account | Full Guide

Is it possible to use Venmo without a bank account?

You do not need a bank account to use Venmo. In this article, we’ll show you how to receive money on Venmo without a bank account.

If you don’t already have a Venmo debit card, you’ll need one to send money without a bank account. You can then use it to withdraw cash from an ATM, pay with Venmo, or make offline and online purchases.

Let’s look at the Venmo card, what it can do, and how to get one quickly.

What Is Venmo Debit Card and How does it Work?

Despite more merchants accepting Venmo QR codes, not everyone is on board with contactless Venmo app payments. We advise that you get a Venmo debit card to avoid the hassle of determining whether a business accepts Venmo and withdrawing money from an ATM.

The card can be used anywhere.

Because it is issued by The Bancorp Bank and bears the Mastercard logo, Mastercard is accepted in the United States and all US territories.

You cannot use it internationally at this time, neither online nor in stores.

You can, however, use it freely at home as a convenient way to use your Venmo balance.

See also: How To Use Facebook Pay | How To Receive Facebook Money

How to Get a Venmo Debit Card.

Now that we’ve established that using Venmo requires a debit card rather than having or connecting a bank account let’s look at how to get one.

To begin, launch the Venmo app and navigate to the Venmo Card tab. Tap Get Venmo card, and select the color of your card. There are five different colors to choose from. Please enter your first and last names, birth date, and the last four digits of your Social Security number.

After accepting the terms and conditions, click Next. On the next screen, enter your delivery address; it must be your home address, not a P.O. Box or a workplace address.

You can also link a bank account to have the card automatically reloaded. Reloads will be made in $10 increments if you do not have enough money in your Venmo balance to pay for your purchase.

When you don’t have enough money in your Venmo account, this handy method can help you avoid embarrassing yourself in front of the cashier and having your card declined.

Check all of the information again, then click Submit. After the app has verified your identity, tap Next, and you’re done. Your Venmo debit card was successfully ordered, which allows for Venmo bank less money withdrawals.

You should be aware that Venmo may request a copy of your driver’s license or another form of identification from time to time.

See also: What Is A Trust In Business? | Full Explanations

When will I receive my Venmo Debit Card?

The Venmo debit card should be delivered within 15 business days of placing your order.

If 15 business days have passed and you have not received your card, contact Venmo customer service.

What is the Venmo Debit Card Fees?

Venmo is a fee-free mobile payment option. This includes its debit and credit cards. The application process and shipping are both free of charge. There is no additional charge for purchasing goods or services in person or online.

The same is true if you pay with the Venmo QR Code. Only out-of-network ATM transactions ($2.50) and instant transfers (1.50%) are charged.

What ATMs must I use to withdraw funds from Venmo?

Cash withdrawals from Venmo accounts are permitted at any ATM bearing the Mastercard, PULSE, MoneyPass, or Cirrus logos. That applies to every ATM in the country, given that they all accept Visa and Mastercard.

MoneyPass ATMs in the United States are the only ones that don’t charge a fee when you withdraw money from your Venmo balance. To locate an ATM in your area, go to the MoneyPass website.

All other ATMs will be charged $2.50, as previously stated. Many times, even more.

There is also a $3 fee for cash withdrawals made over the counter in banks or other financial institutions that require a signature.

Another option to receive cash from your Venmo account is to get cashback from your Venmo balance when making purchases at participating retailers.

 You can ask the cashier about cashback. However, they frequently ask if you want cashback in advance.

Read this: Cashapp Vs Venmo: Which Is The Better Mobile Payment App

How Do I Activate a Venmo Debit Card?

Like any other bank card, you must activate your new Venmo debit card before using it. It is activated directly from the Venmo app. On the Cards tab, tap Activate.

Then, enter your card’s expiration date and create a PIN. To withdraw money from your Venmo card balance in stores, online, and at ATMs, tap Next on the following screen and add money on the screen that appears.

Are There Other Methods To Use To Receive Money On Venmo Without A Bank Account?

These are the other methods to receive money on Venmo without a bank account.

Receiving Money from Someone Else

Receiving money from someone else is another simple way to receive money in your Venmo without a bank account. All they need to do is obtain your Venmo account information, which may include your username, email address, and phone number.

You could also send a money request to the other Venmo user. All that remains is for them to complete the funds transfer to your Venmo account so you can begin using your card.

Direct Deposit

You can set up direct deposit with a Venmo account the same way you would with a bank account. Your employer requires your routing and account numbers, just as they would for your bank account.

After setting up direct deposit, you can receive your paychecks deposited into your Venmo account to access the funds with your Venmo debit card without a bank account.

See also: Anonymous Paypal: How To Receive Money Anonymously | Full Guide

Depositing/cashing A Check

Checks can be cashed using the Venmo app as well. To do this, you must use a mobile deposit to take pictures of the front and back of the check. Then enter the check’s amount. You will complete your mobile check deposit at this point.

Following that, you can use your Venmo debit card to make in-store and online purchases.

Who Can Use Venmo?

Regrettably, not everyone has access to Venmo. To begin, the app is only available in the United States, so you must be physically present there. In addition, you must meet any applicable state requirements, such as being 18 or older.

Finally, you must not be linked to another Venmo account and have a US cell phone capable of receiving short codes.

Can You Pay With Venmo Online?

You can use the Venmo debit card to make purchases online, just like any other debit card.

What if you have the app and no debit or credit cards? Online shopping is also an option in this case.

Look for the PayPal button on the website, which is usually located beneath or next to the product or service. If a Venmo payment option is available, it will appear on the next screen after you tap it.

Can two Venmo users add the same bank account?

If you have a joint bank account, you can add it to Venmo as a connected bank account. This feature is yet to be available to everyone and is being gradually rolled out.

FAQS On How To Receive Money On Venmo Without A Bank Account

Conclusion

Anyone who uses Venmo should have a bank account linked to it. However, there are various reasons why this may not be possible right away. In that case, you’d need a Venmo debit Mastercard to receive money from Venmo.

After it arrives and is activated, you can use it in-store and online like a debit card, but you can only use the available balance. There is no need to worry about accumulating debt, as you might with a credit card.

References

• Topmobilebanks
• Smartedmethods

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