How to Withdraw Money from Venmo without a Card

Introduction

Venmo is a mobile payment service that makes it easy to transfer money to friends and family. One of the challenges of using Venmo is figuring out how to withdraw money without having a card to link to your account. Luckily, there are several methods for withdrawing money without a card. In this article, we will explore the different options available and provide step-by-step instructions for each method.

Linking Venmo Account to Bank Account

The easiest and most straightforward way to withdraw money from Venmo without a card is to link your Venmo account to your bank account. This allows you to transfer money from your Venmo account directly to your bank account, which you can then withdraw from your bank’s ATM.

To link your bank account to Venmo, follow these steps:

1. Open the Venmo app and tap the three horizontal lines in the upper-left corner to open the menu.
2. Tap “Settings” and then “Payment Methods.”
3. Tap “Add Bank or Card.”
4. Select “Bank Account” and then enter your account and routing number.
5. Venmo will deposit two small amounts into your bank account. Check your bank account statement to find the amounts and enter them in the Venmo app to verify your account.

Once your bank account is linked, you can transfer money to your bank account by following these steps:

1. Open the Venmo app and tap the “☰”icon at the top of the screen.
2. Select “Transfer to Bank” or “Manage Balance.”
3. Choose the amount you want to transfer and select your bank account for the transfer.
4. Tap “Transfer” and the money will be sent to your bank account.

The benefits of linking your bank account to Venmo are that it is a fast and easy withdrawal method. Transferring money to your bank account is usually instant, and you can withdraw the cash from any ATM.

Venmo Direct Deposit

Venmo also offers a direct deposit feature that allows you to have your paycheck or other income directly deposited into your Venmo account. This allows you to withdraw money without needing a card, as long as you have linked your bank account to your Venmo account.

To set up direct deposit with Venmo, follow these steps:

1. Log in to your Venmo account on a web browser.
2. Go to the “Settings” section of your Venmo account.
3. Click on “Direct Deposit” and then “Add Account.” Enter your bank account number and routing number.
4. Venmo will verify your account, and once confirmed, direct deposit will be set up.

To withdraw money using direct deposit, follow these steps:

1. Open the Venmo app and tap the “☰”icon on the top of the screen.
2. Select “Transfer to Bank” or “Manage Balance.”
3. Choose the amount you want to transfer and select your bank account for the transfer.
4. Tap “Transfer” and the money will be sent to your bank account.

Tips for using Venmo direct deposit include setting up recurring payments and using the money transfer feature to send money to friends and family.

Use a Third-Party App

There are several third-party apps available that allow you to withdraw money from your Venmo account without having a physical card.

Two popular third-party apps are Cash App and PayPal.

To withdraw money from Venmo using Cash App, follow these steps:

1. Open the Cash App and tap the $ sign on the bottom left.
2. Type in the amount you want to withdraw.
3. Tap “Cash Out” then select “Deposit Speed”
4. Choose “Instant” if you want to deposit it now
5. Select “Venmo”
6. Enter your Venmo credentials and follow the prompts to authorize the payment.

Withdrawing from Venmo using PayPal is similar:

1. Log in to your PayPal account on a web browser.
2. Select “Wallet” from the menu.
3. Click “Link a Bank Account” and enter your bank account information.
4. Verify your bank account by entering the amounts of two small deposits made by PayPal.
5. Click “Withdraw” from the main menu and then select “Transfer to Bank Account.”
6. Select “Instant” and then choose “Venmo” as the account.
7. Enter the amount you want to transfer and click “Continue.”
8. Review the information and click “Transfer.”

The benefits of using a third-party app include the ability to withdraw money without a card and the flexibility to use multiple payment services. However, there may be additional fees associated with withdrawing money from Venmo using a third-party app.

Peer-to-Peer Transfers

Another way to withdraw money from Venmo without a card is to utilize peer-to-peer transfers. Simply transfer the money to a trusted friend or family member, who can then withdraw the cash for you.

To transfer money on Venmo, follow these steps:

1. Open the Venmo app and tap the “☰”icon at the top of the screen.
2. Select “Pay or Request.”
3. Enter the amount you wish to transfer and select the recipient, a trusted friend or family member, who can withdraw the cash.
4. Make the payment and send the notification to the recipient.

The benefits of this method are that it is a safe, secure, and trusted method to withdraw money without needing a card. However, it does require a trusted recipient to withdraw the cash and return it to you.

Venmo Debit Card

If you prefer a physical card to withdraw money directly from Venmo, you can apply for the Venmo debit card. The Venmo debit card is a Mastercard debit card that can be used to withdraw cash from ATMs that accept Mastercard.

To get a Venmo debit card, follow these steps:

1. Open the Venmo app and tap the “☰”icon on the top of the screen.
2. Select “Venmo Card” and then “Get Started.”
3. Enter your personal information, and Venmo will mail you a debit card within 5-7 business days.

The benefits of having a Venmo debit card are that it is a quick and easy way to withdraw money, and the card can be used anywhere that accepts Mastercard.

ATM Withdrawals

Finally, you can also withdraw money from Venmo using an ATM. Not all ATMs accept Venmo withdrawals, and you may incur additional fees, so this should be a last resort.

To withdraw money from an ATM using Venmo, follow these steps:

1. Open the Venmo app and tap the “☰”icon at the top of the screen.
2. Select “Payment Methods” and then choose “Venmo Debit Card.”
3. Find an ATM that accepts Mastercard, and withdraw your cash.

While ATM withdrawals are an option, they are not the preferred method due to the additional fees and the limited number of ATMs that accept Venmo withdrawals.

Conclusion

Withdrawing money from Venmo without a card can seem challenging, but there are several options available. Linking your bank account to Venmo is the easiest and most straightforward method, while peer-to-peer transfers and third-party apps also offer secure and flexible withdrawal options. If you prefer a physical card, applying for the Venmo debit card is a convenient way to withdraw money. ATM withdrawals should be a last resort, as they are associated with additional fees and limited availability. We encourage you to explore the different options and select the withdrawal method that best suits your needs.