Are you a Venmo user? Have you ever encountered the error – “Venmo lost connection with bank”? We shall be addressing that in this article so you would know what to do when next you encounter such an error.
Venmo is an American mobile payment network tasked with helping you to share money with your family members, as well as your friends or small circle.
Apart from your usual credit cards and debit cards, Venmo also allows their users to link their bank account directly with their Venmo account. From there, they can carry out bank transactions, which will involve either sending money to their Venmo account, or sending money from their Venmo account to their bank account.
However, whatever way that you are doing the transaction, either sending money from your bank account to your Venmo, or sending money from your Venmo account to your Bank account, there is always an occasional error message which pops up and says “venmo lost connection with your bank“.
This error message can be very annoying and may make you wonder if anything is wrong with your bank account, or whether your Venmo account has been hacked.
To spare you from having all these thoughts, in this article, I will be sharing with you everything that you need to know regarding the ” Venmo lost connection with bank” error message. This will include what this message means, what causes it and how to avoid it.
Venmo Lost Connection With Bank Plaid; What Does It Mean?
The Venmo lost connection with a bank error message is usually a result of a technical glitch. And it means that somehow, Venmo has been unable to connect with your bank. And so, you can not send money to your bank account via the Venmo platform.
Although this might be troubling to most people, keep reading to find out what causes this “Venmo lost connection with bank” error message and how to solve it.
Possible Reasons For The Venmo Lost Connection With Bank Error?
There are a lot of reasons why your Venmo lost connection with your bank. And sometimes, there are some technical issues from the side of Venmo.
However, there are few other reasons that could cause the Venmo lost connection, and even more likely than the “technical error”.
Below are a few possible reasons why you keep seeing the Venmo lost connection error message –
1. Change of Bank Account In Your Venmo Account
The Venmo lost connection error message is an automated security that occurs whenever you have made a change in your bank account on your Venmo account.
And as I had said, changing your Venmo bank account could lead to the error message popping up.
2. Using The Outdated Venmo Mobile App
Apart from the change of bank account on your Venmo account, another reason that could lead to the Venmo lost connection with bank error message is that you are using an outdated version of the Venmo mobile app.
Periodically, Venmo releases newer versions of its mobile app so as to fix bugs in the previous one as well as make updates.
3. Poor Internet Or Network Connection
Poor internet connection has proven to be responsible for error messages such as this one.
And as such, you will need to check your WiFi and/or your internet connection.
4. A Server Problem On Your Banking App
Companies with one server are usually prone to having a time out and this is directly related to them having one server.
The error message could be caused by your bank having just one server which is actually down at the moment of request, and this means that you can not perform Bank transactions.
5. Strange Banking Activities
Usually, a strange banking activity going on in your bank account could result in the Venmo error message.
That is, the Bank suspects that the activities are irregular and they decide to limit the account, until they sort it all out.
6. Unverified Bank Account
Apart from poor internet connection, this is one of my major reasons why the error message keeps popping up.
Usually before signing up on Venmo, you will be asked to provide your bank account details. And then, you will be asked to verify these details. Failure to verify these details often lead to the “Venmo lost connection with bank” error message.
Venmo Lost Connection With Bank; How To Solve The Error
Having known the causes of the Venmo lost connection with the bank error message, it is now simple for us to solve this problem. Below are ways on how to solve the Venmo lost connection with bank error –
1. Wait For Your New Bank Account To Resolve Itself
Having added a new bank account to your Venmo account, you will have to wait a while for your new bank account to resolve itself.
This usually takes about thirty minutes or even more.
2. Update Your Venmo Mobile App
Depending on the device that you are using, you can find the updated version of the Venmo mobile app on the Google play store for your Android devices, and the Apple App store for your iOS devices.
3. Check For Your Internet Connection
Ensure that all internet connections are connected properly and that your Reuter (if available) is turned on and connected to your device.
4. Wait For Server To Get Back
You might have to wait for the Bank server to get live before you retry.
You can get news from your bank, if their server is down.
5. Verify Your Bank Account On Venmo
Submit all your personal banking details to Venmo so that they can have your bank account verified on their payment platform.
Note: The method of solving the error message actually depends on the reason for the error message itself.
Can I Verify Bank Account On Venmo To Fix Venmo Lost Connection With Bank Error?
Yes. You should verify your bank account on Venmo, as this is one of the reasons why the error message usually comes up on your mobile device.
How Do I Verify My Bank Account On Venmo?
For every bank account that is added on the Venmo platform, you will need to verify it. Below are steps on how to verify your bank account on Venmo:
- Link your bank account to Venmo
- Click on Bank Verification
- Select Instant Verification or Manual verification and then enter what will be asked of you
Venmo Alternatives That You Can Use If Your Venmo Lost Connection With Bank
Apart from Venmo, there are a few other online payment platforms that you can use to transfer money to your Bank account. Below are a few Venmo alternatives that you can use:
Is The Venmo Lost Connection With Bank An Error Message?
Yes, the Venmo lost connection with the bank is always an error message which indicates that you can not send money to your bank as both have lost connection with each other.
Is It Free To Fix The Venmo Lost Connection With Bank Error?
Yes, it is free to fix the Venmo lost connection with bank error.
You only just need to find the reason for the error. Or apply all ways written above on how to solve it.
Can I Receive Money To My Bank While Venmo Lost Connection With My Bank?
Yes, it is still possible to receive money to your bank account even when Venmo shows the error message.
However, this will be impossible if the error message is caused by the Bank server.
Can A Violation Of User Agreements Result To “Venmo Lost Connection With Bank Error”?
No, a user violation does not result in this type of error. Rather, you will only get your account banned, or placed under suspension.
Is It Safe To Link My Bank Account With Venmo?
Yes, it is actually safe to link your bank account with Venmo.