How to Transfer Money from Venmo to Your Bank Account (+ Alternatives)

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A step-by-step guide to cashing out your Venmo balance

Written by Nicole Levine, MFA

Last Updated: May 20, 2025 Fact Checked

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• Withdrawing to Bank (Mobile)
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• Withdrawing to Bank (Desktop)
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• Other Ways to Withdraw
|
• FAQ
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• Video
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• Q&A

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This wikiHow teaches you how to get money out of Venmo, with or without a bank account. If you've linked a bank account or a supported debit card to Venmo, you can do a free standard (1-3 days) transfer, or opt for an instant transfer for a small fee. If you don't have a bank account, you can still get cash out of Venmo in a few different ways. Keep reading to learn everything you need to know about transferring your money out of Venmo.

Quick Steps

1. Link a bank account or debit card to Venmo.
2. Tap the Me tab and select Transfer.
3. Enter the amount you want to withdraw.
4. Select Instant or 1-3 biz days (standard) transfer.
5. Select an account to transfer to.
6. Tap Transfer (amount).

Steps

Section 1 of 4:

Transferring to Bank on Mobile

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1. 
   1
   Open the Venmo app on your Android, iPhone, or iPad. 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 a folder.
2. 
   2
   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 so you can withdraw money. To do so, tap Me at the bottom-right, then tap + Add a bank or card to get started.

   • Venmo uses Plaid to verify your bank account automatically. As long as your bank account is eligible for instant verification, it should only take a few moments to connect it to Venmo.
   • If you can't use Plaid to verify your bank, you can manually add your account information. This type of verification can take 1-3 business days.
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3. 
   3
   Tap the Me tab. It's at the bottom-right corner.
4. 
   4
   Tap Transfer. You'll see it right below your Venmo balance.
5. 
   5
   Enter the amount you want to transfer. To start typing, tap the amount to spring open the keyboard.

   • If your Venmo account is unverified, you can withdraw up to $999.99 per week.
   • If you have confirmed your identity, you can withdraw up to $19,999 per week.
6. 
   6
   Select a transfer type. Venmo's standard 1-3 biz days transfer option 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.

   • Not all banks support instant transfers.
7. 
   7
   Select an account. 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.
8. 
   8
   Tap Transfer (amount). It's the button at the bottom of the screen. This transfers the selected amount from Venmo to your bank account.

   • A standard free transfer 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 the status.
   • If you see a message that says your transfer is being held for review, don't panic. Your funds should be released shortly as long as your account isn't being used for fraudulent activity. Venmo will contact you via email if they need more information.
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Section 2 of 4:

Transferring to Bank on a Computer

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1. 
   1
   Sign in to your Venmo account on a computer. If you're using a PC, Mac, or Chromebook, you can withdraw money from Venmo by logging in to Venmo.com. Click the menu at the top-right corner, select Log In, and sign in with your Venmo username and password to get started.
2. 
   2
   Connect your bank account or debit card. If you haven't already done so, you will need to connect your bank account or debit card to Venmo so you can withdraw money. To do so, click Settings in the left panel, select Payment Methods, and then click + Add bank or card.

   • Venmo uses Plaid to verify your bank account automatically. As long as your bank account is eligible for instant verification, it should only take a few moments to connect it to Venmo.
   • If you can't use Plaid to verify your bank, you can opt to add your account information manually. This type of verification can take 1-3 business days.
3. 
   3
   Click Transfer balance on the left side of your dashboard. It's just below your current balance amount.
4. 
   4
   Enter the amount you want to withdraw. By default, your entire balance appears in the field. You can withdraw a portion of that if you'd like.
5. 
   5
   Select a transfer type. Venmo's standard 1-3 biz days transfer option 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.

   • Not all banks support instant transfers.
6. 
   6
   Select an account. If you have multiple accounts linked to Venmo, click the "Transfer to" menu, then select the account to which you want to withdraw the money.
7. 
   7
   Click Transfer (amount). It's the button at the bottom of the screen. This transfers the selected amount from Venmo to your bank account or debit card.

   • A standard free transfer 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 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.
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Section 3 of 4:

Other Ways to Get Cash Out of Venmo

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1. 
   If you don't have a bank account (or don't want to connect yours to Venmo), there are still ways to withdraw money from Venmo:

   • Add a debit card instead of your bank account. If you don't feel comfortable linking your checking account to Venmo, you can link your debit card and withdraw the cash to that instead. Many debit cards support both standard and instant transfers from Venmo.
     • The card you use must be a debit card. You cannot withdraw cash to your credit card.
   • Get a Venmo debit card. A Venmo debit card turns your Venmo account into a virtual bank account. With a Venmo debit card, you can spend your Venmo balance anywhere Mastercard is accepted, including with your digital wallet, get cash back at point-of-sale purchases, and even use it to withdraw cash from your Venmo at an ATM.
     • To get your Venmo debit card, tap the Cards tab in the Venmo app and follow the on-screen instructions.
     • Withdrawing money from an ATM will incur fees unless you use a MoneyPass ATM.
   • Send your balance to a friend or family member. If you know someone who has Venmo, ask them if you can send them the money from your balance and give you the same amount in cash (or send you the same amount in your preferred money app, like Cash App or PayPal).

Section 4 of 4:

FAQ

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1. 1
   Is there a way to get money out of Venmo without a bank account? The easiest way to access the cash in your Venmo balance without a bank account is to order a free Venmo debit card. You can use this card like you would a regular debit card–just insert or swipe wherever Mastercard is accepted. You can also use it to withdraw cash from Venmo at any ATM.
2. 2
   Why can't I cash out on Venmo? There may be a restriction on your Venmo account. If you weren't notified of a restriction, your bank may not support the type of transfer you are trying to do. If you're trying to do an instant transfer, try a standard transfer instead (or vice-versa).

   • Double-check your bank account information to make sure it's entered properly.
3. 3
   Why does my Venmo withdrawal say "pending?" This usually means your withdrawal needs some extra time for internal review. The status will change once the transfer is approved, and the funds will arrive in your account.
4. 4
   How do you get money out of Venmo for free? Link your bank account or debit card to Venmo, then use the standard 1-3 biz days option to withdraw cash without paying fees.
5. 5
   What are the fees to cash out on Venmo? There's a 1.75% fee (minimum of $0.25, maximum of $25) for instant transfers. There are no fees to transfer money to your bank using the 1-3 biz days standard option.
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Community Q&A

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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.

  Thanks! We're glad this was helpful.
  Thank you for your feedback.
  If wikiHow has helped you, please consider a small contribution to support us in helping more readers like you. We’re committed to providing the world with free how-to resources, and even $1 helps us in our mission. Support wikiHow

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