Can You Venmo Yourself?
Venmo has become one of the main options for transferring funds, making online purchases, and receiving money from friends and other users.
But as efficient as Venmo might be, there’s a question among Venmo users that constantly arises in their heads: is it possible to actually Venmo yourself?
Adding money to your Venmo account and transferring money to another person is one thing, but making a Venmo cash transfer to yourself is another.
If you have doubts about this topic, then worry not - we will tell you everything you need to know right away.
- Can you Venmo yourself?;
- How does sending cash from your Venmo account using the platform work;
- What to know before you Venmo yourself.
3 Things to Know Before Sending Money Between Venmo Accounts
Venmo has become a verb. If you are unfamiliar with the Venmo transfer money service, you might find the term “Venmo yourself” weird enough - we don’t blame you!
But “Venmo-ing” yourself from your digital wallet is a concept that might heavily vary in its meaning.
So, before we get to answer this question, we first must understand what you mean by this.
1. Two Venmo Profiles Cannot Have the Same Bank Account
You can’t have more than one account on Venmo if you don’t use a different bank account in each of them.
Venmo payments take place quite efficiently - you pay friends, family, receive money in less than 1 or 2 business days, and it all works smoothly.
But two accounts cannot have the same account for a bank transfer.
Venmo is trying a shared bank account feature, but it will be a while before Venmo implements it.
2. You Cannot Send Money to Your Venmo Account from Your Own Venmo Profile
Does this even make sense? You cannot Venmo yourself from your own account to your own account because Venmo is made to work in transfers between two Venmo accounts.
So, unless you mean something entirely different, the same individual cannot “deposit funds from Venmo to their own Venmo.”
3. You Can Transfer Money from Venmo to Verified Bank Account
If with “Venmo yourself” you mean that you will make a payment from Venmo to a bank, then yes, you can do so.
The platform allows you to add bank by inputting all the details related to this payment method option.
After you add bank, the platform will hold funds until it proves that the bank or card details have the same identity as the one registered on your profile.
Venmo will ask for your SSN and more personal information about the same person.
Later on, you just need to wait for a business day, and then you can withdraw funds from your Venmo balance to your chosen bank payments method.
Can You Venmo Yourself from One Account to Another?
It depends:
- Yes, you can Venmo yourself from one account to another if both accounts have entirely different banks, phone numbers, and verified information;
- No, you cannot Venmo yourself from Venmo to your own Venmo account;
- If you don’t have two Venmo accounts and you still want to Venmo yourself, you can ask a friend or family member to receive the money from you and then send it over;
- You can pay yourself on Venmo if you add funds from a debit or credit card to Venmo. This also counts as “Venmo-ing” yourself.
How to Pay Yourself on Venmo
Yes, you can Venmo yourself if what you mean is that you are going to take the money out of a credit card, debit card, or any other bank account directly into your Venmo profile.
Since this is probably what most people mean when they want to transfer money to their own Venmo account using another method, then we are going to teach you how to do it.
Pro Tip: You cannot have the same bank account on different accounts, but can you use prepaid cards on Venmo?
If you want to add money or send money to your Venmo profile using a prepaid debit card, then read our related post to learn whether this is possible or not!
Step 1: Get a Venmo Debit Card
After you verify your Venmo account, you will get a Venmo card that can later be used for different purposes.
The Venmo card works like a debit card directly linked to your Venmo account and Venmo balance.
You can pay with it in numerous establishments, and although there are some fees applicable to this card, it is worth having.
After you get your card, you can now make a standard or instant transfer from your bank, credit or debit card to Venmo.
Step 2: Go to Manage Balance on the Venmo App
Open the Venmo app, and on the home page, select the gear icon at the top right corner of the screen.
This will take you to the settings page, where you can also find the menu icon.
We recommend you enable mobile authenticator features to ensure the safety of your Venmo account.
Step 3: Select “Add Money” to Venmo
Tap where it says “Add Money.” Here, tap on the three-line icon and you will be given the options to add a bank account, a debit, or credit card in order to your profile.
Type in your bank account or credit card details, and save them.
You can now send money and cash from your bank account or credit card to Venmo. This is the easiest way to add money to Venmo efficiently.
Step 4: Transfer Funds from Bank Account or Card to Venmo
Later on, your bank account or credit card money transfer will be completed.
In theory, you have just “Venmo-ed” yourself because you sent money from your financial profiles to Venmo.
We know the answer to the question “Can you Venmo yourself?” is as abstract as the question itself, but this is your best way to go.
For more Venmo content, GrowFollowing will always be here!
FAQ
Can I Venmo Myself from My PayPal Account?
No. There isn’t a service that allows you to manage money between these two platforms, even if they are owned by the same company.
Can You Have 2 Venmo Accounts?
Yes, but you can only have two separate Venmo accounts in case you use two different verified bank accounts on each of them.
Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.