How to Withdraw Money on Venmo

Withdraw Venmo funds into your personal bank account

Written by Nicole Levine, MFA

Last Updated: July 2, 2024 Tested

This wikiHow teaches you how to transfer money from your Venmo account to your bank account or debit card. Doing a standard transfer on Venmo is free, and you'll usually receive your funds on the following business day. If you have a supported Visa or Mastercard debit card or bank account, you can opt for an Instant transfer for a small fee.

Things You Should Know

You'll need to link your debit card or bank account prior to transferring money.
Debit cards can be linked as long as they have a Visa or Mastercard logo.
Instant transfers have a 1.75% fee, while standard transfers are totally free.

Steps

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It's a light blue icon with a bold, white V. You'll often find it on the home screen, in the app drawer (on an Android), or inside of a folder.
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Link a bank account or debit card to your Venmo account. If you haven't already done so, you will need to connect your bank account or debit card to Venmo. To do so, tap Me at the bottom-right, then tap + Add a bank or card to get started.
- To learn more, see How to Add a Bank Account on Venmo and How to Add a Debit Card to Venmo.
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It's at the bottom-right corner.
You'll see it right next to your Venmo balance.
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Enter the amount you want to transfer. To start typing, tap the $0 amount to spring open the keyboard.
- If your Venmo account is unverified, you can withdraw up to $999.99 per week. If you confirm your identity, you can withdraw up to $19,999 per week.^{[1]
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Venmo's standard 1-3 business day transfer is free. If you need your money in the next hour and are willing to pay a 1.75% fee (minimum of $0.25, maximum of $25), you can do an Instant transfer.^{[2]
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If you have multiple accounts linked to Venmo, tap the menu next to "Transfer to," then select the account to which you want to withdraw the money.
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Tap Transfer (amount. It's the button at the bottom of the screen. This transfers the selected amount from Venmo to your bank account.
- Transferring to a bank account should make your funds available within 1-3 business days. If it's been more than 4 days since you initiated the transfer, call your bank to check on the status.
- If you see a message that says your transfer is being held for review, don't panic. As long as your account isn't being used for fraudulent activity, your funds should be released shortly. Venmo will contact you via email if they need more information.^{[3]
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Question

What if I don't have a bank account, just a debit card?

Community Answer

You can link it to any Visa, Mastercard, or Amex credit card or any prepaid card.

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Question

How much does using Venmo cost?

Community Answer

Venmo is completely free. It will only take 3% if you use a debit card instead of connecting it straight to your bank account.

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