Learn How To Withdraw Money From Venmo including withdrawal limits, cardless options, and free withdrawal locations. Get expert insights and tips on making your money work for you.

Venmo, the popular peer-to-peer payment platform, has made transferring money between friends and family a breeze. But what about getting that hard-earned cash back into your pocket? In this comprehensive guide, we will explore everything you need to know about how to withdraw money from Venmo. From withdrawal limits to cardless options, we've got you covered. Let's dive in!

How Much Can You Withdraw From Venmo

When it comes to withdrawing money from your Venmo account, there are some limitations to keep in mind. Venmo offers a standard withdrawal limit of $2,999.99 per week. However, if you want to increase your limit, you can verify your identity, linking your bank account, and have your limit raised to $19,999.99 per week. It's essential to plan your withdrawals according to these limits to avoid any inconveniences.

Withdraw Money From Venmo: Step by Step

Link Your Bank Account

To initiate a withdrawal, you'll need to link your bank account to your Venmo account. Here's how you can do it:

1. Open the Venmo app.
2. Tap on the three horizontal lines in the top left corner.
3. Select "Banks & Cards."
4. Tap "Add Bank or Card" and follow the prompts to add your bank account.
5. Once your account is linked, you can proceed with your withdrawal.

Initiate the Withdrawal

After linking your bank account, follow these steps to withdraw your funds:

1. Open the Venmo app.
2. Tap on your balance on the home screen.
3. Select "Transfer to Bank."
4. Enter the amount you wish to withdraw and choose your linked bank account.
5. Tap "Transfer" to confirm the transaction.

Wait for the Transfer

Venmo typically processes standard bank transfers within 1-3 business days. If you're in a hurry, you can opt for an instant transfer, which comes with a 1% fee of the total amount with a minimum fee of $0.25 and a maximum fee of $10.

How To Withdraw Money From Venmo Without Card

Don't have a debit or credit card to link to your Venmo account? No worries! Venmo allows you to make withdrawals without a card. Here's how:

Request a Venmo Debit Card

1. Open the Venmo app.
2. Tap on the three horizontal lines in the top left corner.
3. Select "Venmo Card."
4. Follow the prompts to request your Venmo debit card.

Once you receive your card, you can use it at ATMs to withdraw money.

Where Can I Withdraw Money From Venmo For Free

Venmo offers free withdrawals at MoneyPass® ATMs, which are found at various locations across the United States. You can easily locate these ATMs using the MoneyPass ATM locator on the Venmo app. This is a great way to avoid ATM fees and get your cash without any extra cost.

FAQs

Can I withdraw money from Venmo to a credit card?

No, Venmo only allows withdrawals to linked bank accounts or the Venmo debit card.

What is the maximum withdrawal limit for Venmo?

The maximum withdrawal limit on Venmo is $19,999.99 per week for verified accounts.

Are there fees for withdrawing money from Venmo?

Standard bank transfers are free, but if you opt for an instant transfer, there is a 1% fee with a minimum of $0.25 and a maximum of $10.

Can I withdraw money from Venmo if I don't have a Venmo debit card?

Yes, you can withdraw money from Venmo without a card by linking your bank account.

How long does it take for a Venmo withdrawal to reach my bank account?

Standard bank transfers typically take 1-3 business days, while instant transfers are immediate.

Where can I find MoneyPass® ATMs for free withdrawals?

You can use the MoneyPass ATM locator in the Venmo app to find free ATMs near you.

Conclusion

Now that you know how to withdraw money from Venmo, you can make the most of your funds with confidence. Whether you want to transfer your money to your bank account, enjoy cardless withdrawals, or find free ATM locations, Venmo offers flexibility to suit your needs. With the right approach, you can manage your finances seamlessly using this popular payment platform.