Cash is no longer king nowadays.
Money is what keeps the world turning, but how? That's through successful transfer of funds.
Over the years, before the modernization of the financial sector, you'll typically need to visit a financial institution to request and conduct a money transfers.
Thankfully, today, modernization of the financial industry has brought to live "digital wallets", also known as "mobile wallets" (or call them money transfer apps), which made made it more than easy to transfer money from an account to the next in no time.
Some of the popular choices in the market, Venmo and Cash App are two payment services that allows users transfer money instantly, conveniently and securely, and at the same time letting them maintain a healthy financial.
Following the numerous benefits offered by these two apps, most enthusiasts are more than excited to transfer funds between Venmo and Cash App.
If you've always wondered how to transfer money from Venmo to Cash App, then you've come to the right place.
In this guide, we'll see whether does Venmo work with Cash App and how you can transfer money from Venmo to Cash App without hassle.
Table of Contents
What is Venmo?
Venmo is a peer-to-peer (P2P) payment app for iPhones and Android phones that allows consumers to send and receive money quickly and easily.
Venmo launched as a text-message-based payment delivery system in 2009. The company then launched a platform with an integrated social network in March 2012 in an attempt to profit on the booming peer-to-peer economy.
Braintree, the mobile payment system used by Airbnb, Uber, and other ecommerce titans, acquired Venmo for $26.2 million less than six months later. 12 Venmo saw a significant increase in users less than a year later, when eBay purchased Braintree for $800 million and merged it with its PayPal subsidiary.
How Does Venmo Work?
Venmo users can immediately begin transferring funds between one another after downloading the app and linking their Venmo accounts to their credit cards, debit cards, or bank accounts. Venmo acts as a virtual fiscal mediator.
In other words, Venmo can be thought of as a middleman between two users' bank accounts during a payment transaction. Consider the case below: Sally accepts Mary's offer of $50 for a bracelet. Mary sends the funds to Sally via Venmo, which increases Sally's Venmo balance by $50 while lowering Mary's Venmo balance by the same amount.
Within the Venmo platform, a Venmo balance is effectively a virtual ledger that symbolizes funds moving hands. The money isn't officially in the user's hands until Venmo transfers it to the recipient's bank account.
What is Cash App?
Cash App is a peer-to-peer payment app that allows users to transfer, receive, and invest money rapidly. Block, Inc. (previously Square, Inc.) released the app (formerly known as Square Cash) in 2013 to compete with mobile payment apps such as Venmo and PayPal.
Cash App is not a bank, but rather a financial platform. Through its bank partners, it offers financial services and debit cards. The Federal Deposit Insurance Corporation (FDIC) insures your account balance through partner banks.
Cash App Investment LLC, a broker-dealer registered with the Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulation Authority, provides investing services (FINRA).
Users can transfer and receive money, get a debit card, and set up direct deposits using the Cash App. Users can invest as little as $1 in equities using the investing tool. This is accomplished by purchasing fractional shares of stock. The app also allows users to buy, sell, and transfer Bitcoin.
How Does Cash App Work?
You must first download the Cash App mobile app, which is available for iOS (4.7 stars out of 5) and Android (4.6 stars out of 5). You can also create a verified Cash App account on the internet. The app includes sections for banking, debit cards, payments, investment, and Bitcoin, among other things.
Who Can Use Cash App?
Individuals aged 13 and above can use the Cash App. Expanded Cash App capabilities including P2P transactions, direct deposit, and a Cash Card require parental or guardian approval for users aged 13 to 18.
Other features, such as investment and Bitcoin, are restricted to Cash App users above the age of 18.
Does Cash App Work With Venmo?
No, Cash App does not work with Venmo since none of the two financial apps feature an option to integrate one service in the other.
Can You Transfer Money from Venmo to Cash App?
Yes, you can transfer money from Venmo to Cash App.
However since Venmo does not directly work with Cash App, the process can only be completed indirectly.
How to Transfer Money from Venmo to Cash App
As earlier mentioned, you can't directly transfer money from Venmo to Cash App since they don't integrate.
With that said, there are three possible ways to transfer money from Venmo to Cash App, which include;
- Using a linked bank account.
- Using the Venmo debit card.
- Asking a friend to help.
Let's cover each method in details.
Method 1: How to Transfer Money from Venmo to Cash App Using a Linked Bank Account
One of the best (if not the best) way to transfer money from Venmo to Cash App is by using a linked bank account.
You'll basically find this method on a couple of online resources referring to this process.
With this method, you'll first need to make sure the same bank account is linked to both Venmo and Cash App then, transfer money from Venmo to bank account (or it's linked debit card), and finally, transfer money from your bank account to Cash App.
Let's see how this can be done.
1. Link Your Bank Account to Venmo
Linking a bank account to Venmo is crucial and the very first step to transfer funds from Venmo to Cash App.
To do this:
Here's how to add a bank account to Venmo.
- Open your Venmo app.
- Go to the "Me" tab by tapping your picture or initials.
- Go to the "Wallet" section.
- Tap "Add a bank or card..." and then select "Bank."
- Select your preferred verification method.
You'll basically need your account and routing number when looking to add your bank account manually to Venmo.
Once you add your bank account, they'll send microtransfers of $1 each to your bank account to verify its ownership. So make sure you have at least $2 in your bank account to avoid overdrafts on it.
2. Transfer Money from Venmo to Bank Account
After linking and verifying your bank account on Venmo, the next thing you'll want to do is transfer the funds to the bank account.
To do this:
- Open your Venmo app and go to the "Me" tab.
- From the "Wallet" section, select "Add or Transfer."
- Select "Transfer To Bank" on the next page.
- Enter the amount you would like to transfer to your bank.
- Tap "Instant" (for a small fee) or "1-3 Biz Days" (for no fee), and select your preferred bank account or debit card.
- Confirm your transfer details, and tap the green "Transfer" button.
The funds will reflect on your account instantly or between 1-3 business days depending on the transfer speed you choosed.
3. Link Your Bank Account to Cash App
After receiving the funds from Venmo, you'll need to link the same bank account to Cash App.
To do so:
- Open Cash App.
- Tap the Profile Icon on your Cash App home screen.
- Select "Linked Banks".
- Tap "Link Bank".
- Follow the prompts to link your bank.
You'll need your account and routing number to link your bank account to Cash App.
4. Transfer Money from Bank Account to Cash App
Finally, the last thing you'll want to do is transfer money from Venmo to Cash App.
Cash App offers an easy way to add money to your account balance through its "Add Cash" feature.
To add money from your bank to Cash App.
- Open Cash App and go to the "Money" tab.
- Tap"Add Cash."
- Enter an amount.
- Tap "Add."
- Use Touch ID or enter your PIN to confirm.
Congrats, you just transferred your money from Venmo to Cash App.
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Method 2: Transferring Money from Venmo to Cash App Using Venmo Debit Card
Another great way to transfer money from Venmo to Cash App is through the Venmo card.
The Venmo card is a debit card and since Cash App supports debit cards, you can add it to your account as a funding source for your transactions.
To do so:
- Log into your Cash App on your phone.
- Tap on your Profile icon in the upper right corner of the screen.
- Tap "Linked Banks."
- Tap "Link Debit Card."
- Enter your Venmo debit card information.
- Tap "Link Card."
While some Cash App users might succeed with linking their Venmo debit cards to Cash App, most users have experienced and reported issues with linking their Venmo debit card to Cash App.
If that's the case for you, I'll recommend trying out another method to transfer the funds.
Method 3: Ask a Friend To Help
It never hurts to ask someone for help, most especially if you're really in need of it.
Considering that, one great way to transfer money from Venmo to Cash App is by asking a friend to help.
How do you proceed?
Well just search around for one or a couple of trusted friends who use both Venmo and Cash App and ask them if they are willing to accept a Venmo payment and in return they send you a Cash App payment.
To even motivate them more, you can propose some little fee you're ready to pay them if they help you out.
Hopefully, at least one will be willing to help and will surely help you complete a Venmo to Cash App transfer.
How Long Does It Take To Transfer Money From Venmo To Cash App?
The time it takes to transfer money from Venmo to Cash App will depend on some factors, which include;
- Your bank transfer intervals and processing speed: Some banks might take longer to process payments, which highly influences the transfer speed.
- Venmo to bank transfer speed: If you choosed the "Instant Transfer" option, the time it takes for you to transfer the funds would be smaller than that for someone who choosed the "1-3 Biz Days" option.
- Your account status: If your accounts are in good status, then you should not experience any difficulties in transferring the funds—which should take lesser time.
- Availability of a trusted friend: In case you're using the third method, you'll need to find a trusted friend, which can equally take some time.
Simple put, it typically takes 1 to 3 business days to successfully transfer money from Venmo to Cash App considering all the aforementioned factors.
How Much Money Can You Send From Venmo To Cash App
The amount of money you can send from Venmo to another account is determined by whether or not you have verified your details in the app. Here are some key pointers that will clear up any confusion you may be experiencing.
- Without verification you can send $299.99 per week from Venmo account.
- Without verification you can sent $999.9 per week from Venmo to other bank account
- After verification you can send $2999.99 per week from Venmo account.
- After verification you can send $ 19999 per week from Venmo account to other bank account.
In a word, verification will help you send larger amounts of money in many transactions. By entering your full name, contact address, contact number, Zip code, birth date, and social security number, the Venmo app can verify your identification.
Can You Transfer Money From Cash App To Venmo?
Yes, you can transfer money from Cash App to Venmo.
Just as transferring funds from Venmo to Cash App, you'll equally need a linked bank account to transfer money from Cash App to Venmo.
Frequently Asked Questions
Can you transfer money from a Venmo or PayPal to a Cash App?
Yes, you can transfer money from Venmo to any other wallet, including PayPal or Cash App. However, you'll need a linked bank account to complete the transfer.
How do I transfer cash out of Venmo?
The best way to transfer cash out of Venmo is to withdraw through a linked bank account or debit card. You'll have the option to withdraw instantly or within 1-3 business days.
Can you use Cash App with Venmo?
No, you can't use Cash App with Venmo since neither of the two apps offers an option to integrate the other.
Both Venmo and Cash App are two great money apps. They let you conveniently and safely send and receive money to and from friends.
You cannot integrate one app to the other making the transfer of fund between both apps tricky. However, this article compiles different methods (with steps) to transfer money from Venmo to Cash App.
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