Venmo Payment Not Showing Up in Bank Account? Here’s Fix
Venmo app users know how efficient this platform is for transferring money, receiving funds and managing your personal finances easily.
Nonetheless, some new Venmo users might experience certain problems with the app as soon as they start using it.
One of these problems is the Venmo Payment Not Showing in Bank Account issue, a common error with a simple solution.
Thus, today we will talk to you about the following matters:
- Why is Venmo payment not showing up in bank account?;
- How to fix Venmo payments not showing on bank statement;
- What to do if a Venmo payment is not showing on your bank;
Why Are Venmo Payments Not Showing Up in Bank? 3 Common Reasons
All Venmo payments issues have a solution, so it’s important to stay calm and identify what is happening on your Venmo account.
Your Venmo wallet is pretty safe, which is why so many people use this payment service on a daily basis.
Thus, let’s look at the root causes of these problems to understand why your Venmo payment is not showing in your bank transaction history.
1. You Haven’t Transferred Money from Venmo Account to Bank
Picture this: a friend of yours decides to transfer funds into your active Venmo account.
When you receive payments, you will be able to use that Venmo balance to pay for things with your Venmo debit card, send money to another Venmo user, and more.
Now, the thing is that this balance will not automatically move to your bank account.
After receiving money, you need to manually start a transfer to your preferred bank account immediately if you want these funds to show up there.
2. There Are Venmo Server Issues
Maybe the money transfer features are not working because Venmo’s servers are failing.
Although this doesn’t happen all the time, you need to wait for a while before the sender’s account is able to move funds into yours.
3. There Are Bank Server Issues
Likewise, there might be a bank server issue related to the financial institution you use.
If a bank’s servers are failing, your Venmo profile will lose connection with bank, which can be sorted out within a few hours or a couple of business days - it depends.
How to Fix Venmo Payment Not Showing Up in Bank Account
If someone transferred money to you, and you can see this balance in your Venmo account but not in your bank, then fixing it is quite easy.
Before moving on to the fixes, make sure that your Internet connection is working efficiently.
Without further ado, let’s learn how to fix Venmo payments not showing in bank accounts!
1. Wait for Server Issues to Disappear
If there are issues with bank servers or Venmo servers, you have nothing else to do other than to wait.
A Venmo server issue will prevent you from receiving payments, adding money, and making any standard deposit on your bank.
Thus, even if the payment appears on your profile, it is imperative to wait until the Venmo app (or your bank) is up and running again - as simple as that.
2. Transfer Money from Venmo Balance to your Bank
If your friends transfer money to you, these funds will be automatically stored on your Venmo account, but will not move into your bank until you manually add money to it.
Thus, if you add money to Venmo and then need to receive money on your bank, it is imperative to complete the transfer process:
- Launch Venmo, tap on the Single Person icon and select Manage Balance;
- Here, add all the details related to your bank, including account number, router number, and more;
- Once the bank is linked to the app, you need to select Bank Transfer;
- Select the amount of money you want to move into your bank and start the transfer.
Depending on the payment method you choose, transfer times can delay, which is exactly the next point on our list.
Also, try not to type in incorrect bank details - otherwise, your account’s verification can take longer than necessary.
3. Use the Instant Deposit Feature
There are two types of transfers on Venmo: standard transfer and instant transfer.
If you use the standard transfer method, deposits can take between 1 and 3 business days.
On the other hand, instant deposits are instant. There’s a minimum fee of 0.25 USD and a maximum fee of 15 USD if you use the instant transfer method, but it might as well save your day!
Hence, if you decide to transfer money via a standard deposit, the payment will not reflect on your bank immediately, which is not the case if you use an instant deposit.
4. Check if Venmo Flagged the Payment
Venmo can flag payments made from your account if they notice that something is not right with it.
Venmo Security System can identify whether they should block or let a Venmo payment pass.
You will see a minus sign right next to the payment if it has been flagged by the platform.
The only way to appeal a flagged payment is to contact customer support, which is your last resort alternative.
5. Contact Venmo Support
Last but not least, if a few days have passed and the payment is still not in your bank account, then you need to contact Venmo Customer Support Team.
You need to go to the submit a request page and fill out the online form while explaining your case to the Venmo team.
They should come back to you as soon as they have a chance, so do not despair.
All in all, these solutions should be enough to fix a Venmo payment not showing up on your bank account. GrowFollowing has more Venmo guides for you, so check them out!
FAQ
How Many Bank Accounts Can I Add to Venmo?
There is no apparent limit on bank accounts that you can add to Venmo. As long as each bank account belongs to you, you should not have any further inconvenience while adding 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.