Need a quicker way to get your Venmo balance into your bank account? We’ve got it.
· by Ny Vo, Product Manager
Have you ever discovered a Venmo balance you forgot you had? It's a great feeling. But sometimes you need that balance in your bank account, fast. We've all been there.
Starting today you can transfer your Venmo balance to your bank account within minutes using an eligible Mastercard or Visa debit card.* There’s a $0.25 flat fee for each transfer. [EDITOR'S NOTE: Effective on or after Nov. 6, 2018, the fee for instant transfer is 1% of the transfer amount (minimum fee $0.25, maximum fee $10).] We’ll continue to offer our standard bank transfer method at no charge.
We’re making the new transfer option available to everyone over the next few days. Update your app to see if you have access today. If not, don’t fret, you’ll get access soon!
* Transfer speed depends on your bank and could take up to 30 minutes. Transfers are reviewed which could result in delays or funds being frozen or removed from your Venmo account.