Do you need a Venmo card? (all you must know)

Do you need a Venmo card? (all you must know)

Venmo is gaining popularity in the US as a handy app that allows you to send money between friends and family. Likewise, it is becoming increasingly popular with business owners.

However, as the user base grows, many people want to sign up for Venmo, but there are some issues or limitations. For example, can you use Venmo without a debit card? This article has all the answers you need!

Do you need a Venmo card in 2022?

Venmo users will be able to use their accounts in 2022 without linking a debit card. In fact, you can use Venmo to send and receive money without linking a bank account or card. However, if you want to withdraw cash from your Venmo account without a debit card, you will need to get a Venmo debit card.

Using Venmo without an associated debit card is actually pretty easy, but there are some important facts you need to keep in mind, so keep reading to learn more!

How do I withdraw money from Venmo without a bank account?

If you create a Venmo account but don’t have a bank account associated with it, you can keep the money you receive in your balance and use the app to pay people.

Another option is to sign up for a Venmo debit card.

The card will allow you to withdraw cash from ATMs from your Venmo balance and pay for goods and services wherever Mastercard is accepted.

If you have a Venmo card and would like to withdraw cash from your account, please visit an ATM and perform a cash withdrawal as you would a normal bank withdrawal.

What do I need to use Venmo?

To use Venmo, you need to be in the US and have a US phone that can receive short code text messages.

Again, you must be at least 18 years old to open a Venmo account, and the app must be updated to version 7.32.0 or later.

How do I use Venmo for the first time?

To open a Venmo account, you first need to download the Venmo app or visit account.venmo.com.

Next, you will be asked whether your account is for business use or personal use.

Personal accounts are used to send money between friends and family, while business accounts are primarily used to receive payments for goods and services.

Once you’ve created an account and entered your address, phone number, and email address, you can start using Venmo.

Please note that it is strongly recommended that you use your SSN or tax ID to verify your identity on Venmo.

In fact, this is required by federal law if you want to store and send funds from your Venmo balance.

Once your identity is verified, you can use the balance stored in Venmo to send money to others from whoever sent you money.

You don’t have to link bank accounts, but you do if you want to transfer Venmo funds to your bank.

Can you use Venmo without linking a bank account?

You can use Venmo without a linked bank account or debit card.

You won’t be able to transfer funds to the bank, but if you’re verified, you can still receive funds and store them in your Venmo balance.

With a verified personal account, you can use your Venmo balance to send money to others without using a linked bank account.

Can I pay people with my Venmo balance?

You can use your Venmo balance to send money to others on Venmo. To do this, you’ll need to verify your identity in your Venmo profile in the app.

Verifying your identity using your SSN or taxpayer number allows you to store and send money in your Venmo balance in accordance with federal regulations.

To learn more, you can also read our posts on whether Venmo is more secure than PayPal, how to send a Venmo link, and whether Venmo works in the UK.

in conclusion

Venmo users don’t need a debit card to use the app. If you have a verified account, you can receive payments, deposit money into Venmo, and send it to others directly from the app.

If you want to withdraw cash from Venmo but don’t have a debit card or bank account, your only option is to apply for a Venmo debit card. This will allow you to withdraw cash at any US ATM.