How to Delete Venmo Account
Venmo has become one of the most popular financial platforms in the United States.
You can quickly send money from the mobile app to friends, family members, and so on - it’s all really simple.
However, it is not a secret that Venmo isn’t for everyone.
If you want to close your account because you prefer to use another service, such as PayPal or Google Wallet, then you are on your right to do so.
- How to delete Venmo Account;
- Everything you need to know about Venmo account closure;
- What happens after you close your account on Venmo.
What is Venmo?
Venmo is a financial app that you can use on your mobile device, whether it’s an Android or an iPhone, to send and receive money in the United States.
It works thanks to PayPal infrastructure, which is why using the Venmo App to do any financial transaction requires you to follow almost the same steps that users perform in PayPal.
In any case, deleting your Venmo account doesn’t affect your transactions in any other financial service.
3 Things You Must Know Before you Delete Your Account on Venmo
Although Venmo has proven to be one of the most efficient and easiest ways to manage your money, some people prefer to take care of their financial information on other platforms.
Luckily, any person who wants to close my Venmo account can make this process just by following a couple of steps that we’ll show you on this page.
But before we get to it, there are some important things you must get to know.
1. You Can’t Recover Your Profile Once You Delete Your Venmo Account
Once you close your Venmo account, you are doing it forever.
You can’t recover a deleted Venmo account, but you can open a new one if you please.
In any case, you could contact Venmo to ask them to reopen your account, but it’s highly unlikely that they will do so.
2. You Need to Transfer Your Funds Before Closing Your Venmo Account
You can’t have unfinished business with Venmo - it’s fundamental to transfer all your funds before you close your account.
This will probably take a few business days, so keep this in mind before you decide to delete your Venmo account.
Transfer Your Funds to Your Bank Account or Give them Back to the Original Senders
The option to delete your Venmo account won’t show up on your computer or mobile device if you have incomplete transactions.
At this point, you will have two options:
- Type in your bank details and transfer your money to your bank account;
- Send the funds remaining to another person (Venmo account.)
In any case, you should do this before you remove bank account information or delete payment data on the platform.
Remember that only you can check your personal records and decide what to do with your funds remaining.
3. Save Your Transaction History Before You Close Your Venmo Account
Venmo might need you to comply with Federal Regulations related to your transaction history.
Thus, before you delete transactions on the platform, it’s important to save all these important documents in case you need them in the future.
It’s vital to properly manage your money and all your transactions, so you don’t have any problem related to it in the future.
How to Close My Venmo Account
Now that you know the basics about deleting your account on Venmo, you can now get started.
Step 1: Log In to Your Active Venmo Account from a Desktop Computer Browser
Use your login details (email address and password) to log in to your account on Venmo.
Even though Venmo is a mobile device app, you can only delete your account from a desktop computer browser.
Therefore, log in from a computer and not from your phone.
You can go to Venmo’s home page by clicking here.
Step 2: Check and Finish Incomplete Transactions
This is utterly important - you can’t proceed with the deletion of your account if there are incomplete transactions on it.
It’s necessary to transfer your money to your bank account, as we mentioned before.
If you don’t move your funds to a bank or another account address, then you won’t be able to delete the account - as simple as that.
Properly Clear Out Your Balance Before Proceeding
In order to move your money, you need to click on the three horizontal bars settings and select “Transfer Money.”
Obviously, this is much easier if you log in on your phone instead of the web page.
There, be sure to have zero funds before proceeding.
Once again, you can send your money to any other person - the thing is not to have any funds on your account.
Step 3: Go to Account Settings
Once your account is clear, you can proceed to delete it.
Select “Settings” in the navigation bar, and you’ll see all your account details.
Step 4: Click “Close Account”
Scroll down and choose the option to close your account.
Keep in mind that this message will only pop up if you indeed moved all your funds somewhere else.
The platform will ask you for your email address and password once again.
Once you type in your password, you’ll be almost ready to go.
Step 5: Wait for a Venmo Final Email with a Goodbye Message
Venmo will send you a last email to your account.
This final transaction history email will contain your most recent statement.
So, don’t erase the final transaction history email!
It could be useful in the future.
That’s how you finally get rid of your Venmo account once and for all.
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Delete Venmo Account FAQ
Why Doesn’t Venmo Let Me Delete My Account?
If you have already moved all your funds somewhere else and you still can’t erase your account, contact Venmo as soon as you can. Contacting Venmo is the most efficient way to solve this. You can do this by going to Venmo’s Support Page).
How Do I Delete a Venmo Account on an iPhone?
You can’t. You need to do this from your computer. Worry not - it won’t take you much of your precious time!
Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.