Can you add money to Venmo via debit card without a fee?

In recent years, mobile payment apps like Venmo have become increasingly popular for their convenience and ease of use. With Venmo, you can send and receive money from friends and family without ever having to handle physical cash. However, to use Venmo, you need to have money in your account. So, how can you add money to Venmo? Let’s learn how to add money to Venmo, including whether fees are involved.

How to Add Money to Venmo?

There are several ways to add money to your Venmo account. Here are the most common methods:

• Bank Transfer: You can add money to Venmo by linking your bank account and transferring funds directly from your bank. To do this, go to your Venmo app, click the “☰” icon, and select “Add Money.” Then, select the “Bank Transfer” option and enter the amount you want to transfer. You’ll be asked to confirm the transfer, and then it will take a few days for the funds to be available in your Venmo account.

• Debit Card: A debit card can add money to Venmo. To do this, go to your Venmo app, click the “☰” icon, and select “Add Money.” Then, select the “Debit Card” option and enter the amount you want to transfer. You’ll be asked to confirm the transfer, and then the funds should be available in your Venmo account immediately.

• Venmo Instant Transfer: If you need the funds in your Venmo account immediately, you can use Venmo Instant Transfer. This service instantly transfers money from your linked debit card to your Venmo account. However, the fee for using this service is 1% of the transfer amount (with a minimum fee of $0.25 and a maximum fee of $10).

• Venmo Card: Another option is to add money to your Venmo account by using your Venmo Card. This card functions like a debit card and can be used to make purchases or withdraw cash from ATMs. To add money to Venmo Card, you can deposit cash at a participating retail location (below).

Where Can I Load My Venmo Card?

If you have a Venmo Card, you can add money by depositing cash at a participating retail location. Here are some of the stores where you can add cash to Venmo:

• CVS

• 7-Eleven

• Walgreens

• Dollar General

• Family Dollar

• Speedway

• Sheetz

• Rite Aid

To load your Venmo Card, simply bring cash to the cashier and tell them you want to add money to your Venmo Card. They will scan your card and take your cash, and the funds should be available on your card within a few minutes.

Are There Fees for Adding Money to Venmo?

Generally, there are no fees for adding money to Venmo using a bank transfer or a debit card. However, as mentioned earlier, there is a fee for using Venmo Instant Transfer, which is 1% of the transfer amount (with a minimum fee of $0.25 and a maximum fee of $10).

It is also worth noting that fees may be associated with using your Venmo Card, such as ATM or foreign transaction fees. Be sure to read the terms and conditions of your Venmo Card to understand any applicable fees.

How to Transfer Money to Venmo?

If you need to transfer money to someone else’s Venmo account, you can link your bank account or debit card to your Venmo account and then send a payment to their Venmo username or phone number. Here is how to transfer money to Venmo:

• Link Your Bank Account or Debit Card: First, make sure your bank or debit card is linked to your Venmo account. You can do this by going to your Venmo app, clicking on the “☰” icon, and selecting “Settings” > “Payment Methods” > “Add a bank or card.”

• Send a Payment: To send money to someone else’s Venmo account, go to your Venmo app and click on the “☰” icon. Then, select “Pay or Request” and enter the amount you want to send. Next, enter the person’s Venmo username or phone number and add a note if you would like. Finally, click “Pay” to send the payment.

• Receive a Payment: If someone wants to send you money through Venmo, they can enter your Venmo username or phone number and the amount they want to send. You will receive a notification when the payment has been sent, and the funds should be available in your Venmo account within a few minutes.

Conclusion

Adding money to Venmo is easy and convenient, and several ways exist without incurring fees. Whether you link your bank account or debit card, use Venmo Instant Transfer, or deposit cash at a retail location, you can easily keep your Venmo account funded and ready to use. If you have a Venmo Card, you can add money by depositing cash at a participating retail location. And if you need to transfer money to someone else’s Venmo account, you can do so by linking your bank account or debit card to your Venmo account and sending a payment to their Venmo username or phone number.