Are you contemplating using Venmo but you are asking “can i send myself money on venmo?” Then I want to first congratulate you for stopping by. This article is here to give you the best and most accurate answers that you are searching for. Here we would be discussing the details of “how to send money to myself on Venmo” using two methods.
We would also explain how to add your bank account to Venmo and of course furnish you with information on how long the process will take to Venmo yourself money. Follow me as we go through it to the bottom.
Oftentimes, people experience some hitches when in the course of using Venmo, users want to send money to themselves just like they do to others using the App. And new users want to know the possibility of transferring money to themselves through Venmo.
Hence people often ask can I Venmo myself money? How Can I Send Money to Myself on Venmo? These and more are going to be answered in this piece but majorly, we will look at how to send money to myself on Venmo. So let’s begin but first what is Venmo.
What Is Venmo?
Venmo is a mobile payment application just like Cash App and PayPal that is used majorly to transfer money between friends and family without moving around with cash. With Venmo, you can request money from your friends and also pay them. It is also used for the payment of bills of any sort.
Venmo, which is a subsidiary of PayPal, was developed and launched in 2009 and is compatible with Android and iOS devices. It has its headquarters in New York, United States.
The app is very easy to use as it demands just a simple process to sign up with or without a phone number. After which you go through the Venmo verification process and you can send money to your friends, business-associated, or family members or also request money from them or pay your bills.
How To Send Money On Venmo
Remember we stated earlier that the major aim of the Venmo app is to transfer money between friends and family. In this vein, let’s quickly see how that is done before we proceed to how to send money to myself on Venmo. Take the steps below to send money on Venmo.
- Log into the Venmo app on your phone and click on the payment icon at the top right corner of the home screen.
- Choose a recipient for funds from your Venmo contacts list or add a recipient to the list. You can add someone to the list using their phone number, email address, or Venmo username. It’s also possible to scan the QR code of another Venmo user.
- Enter the amount you want to send to the person.
- Confirm details and click the pay button.
- Confirm your payment.
Can I Send Myself Money On Venmo?
Yes, you can send money to yourself on Venmo. This was recently updated on the Venmo website that is it possible to send Venmo yourself money. However, it takes some processes which are rather not direct.
And there are also some requirements as well as simple hacks to perform before the transfer will be successful. Read on to know how to transfer money to myself on Venmo.
How Can I Send Money To Myself On Venmo?
Ok now here is the center of the article. Being that we’ve established that it is possible to send money to yourself on Venmo, let us in this paragraph see how that is done. There are several ways to send money to yourself on Venmo.
You can do that by creating another Venmo account, using your checking or bank account, and using your debit or credit card. These I will explain gradually in the following paragraphs.
By Creating Another Venmo Account
This is quite easy and the most simple method to use to send money to yourself on Venmo. Note that this is unofficial as Venmo does not allow one individual to own more than one account. It is discovered, both accounts will be permanently banned.
This method requires that you open another account on the Venmo app other than that which you already have. You can do that by downloading a new app or logging out on the one that you have already and creating another one.
After creating the new account, you go through the entire verification process by providing all the requirements like phone number, account number, email address, SSN, and others. The account number can either be the same or different but more advisable the same.
Then you send the money from one account to the other like you are sending to someone else using the steps of how to send money on Venmo started above.
Can Two Venmo Accounts Use The Same Bank Account?
So we established that it is illegal to have two Venmo accounts and as such, individual bank accounts should be used. However, noting the fact that some persons have joint accounts, Venmo allows two accounts to use the same bank accounts. So the answer is Yes.
And when the second user creates a Venmo account, the first user will be notified of the action, and both Venmo users’ accounts will be linked. Hence whatever happens to one will affect the other.
Through A Bank Account?
This is the second method of how to send money to myself on Venmo that would be discussed in this article. Note that this process will not be possible if you haven’t added the bank account to Venmo. We will see how to add a bank account later on. First, let’s see how to send money from your bank account to your Venmo account
- Clicking on the same three parallel lines (≡) on the homepage of your Venmo after logging in.
- Tap on Manage Balance.
- Enter the amount you want to send to your account.
- Click Done.
- Go through the bank information again and click on Next.
- Select Add Money and the money will arrive in due time.
Make sure that you have a Venmo debit card before you begin this process.
How To Add A Bank Account To Venmo
To add a bank account to Venmo all you need to do is to log into your Venmo account, select the profile icon that will take you to the “You” tab. At the top right corner of the screen, click on settings and then on payment methods. On the next page, you will see the option of adding a bank or card, tab on it, and then on the bank. Select your preferred verification method and you are done.
Can I Send Money To Myself On Venmo With A Debit Card?
Therefore should you be among those asking if they can Venmo themselves from a debit card? Yes, you can as much as the card is verified by Venmo. And the method of doing this is the same as that of the bank account explained above.
Can I Send Money To Myself On Venmo With A Credit Card?
The answer to this is No. You can’t send money from your credit card into your Venmo account. This is because this method is not accepted by the App.
How Long Does It Take To Send Money To Myself On Venmo?
The time it takes to send money to yourself on Venmo is dependent on the payment option that was used. If you use the instant payment option, you will get your money in less than 30 minutes but this comes with charges.
However, if you go with the standard payment option which is free of charge, you will get the money between 3 to 5 business days.
This article has answered in detail the question of Can I Send Myself Money On Venmo? Although not official, two possible methods were examined above.