How to withdraw money from Venmo without card? Have you misplaced your Venmo card, left it at home, or failed to order one? Are you wondering if you could withdraw money through Venmo without a credit card.
While it is hard to use a cardless ATM with Venmo, there are potential workarounds. Among them are:
- Transfer funds to a different bank account and debit card.
- Request assistance from a friend.
- Purchase a Venmo card.
- Using a global prepaid debit card.
Table of Contents
Is it possible to use Venmo without a credit card?
Of course, you can use Venmo without a credit card. It is becoming normal to transfer money or pay bills without using a credit card.
You can exchange money with Venmo by linking it to another debit card, bank account, or Venmo account where you want to receive or send money.
You may pay your rent, energy payments, restaurant bills, and retail expenses with the cardless Venmo app without utilizing a Venmo card.
Businesses and merchants use Venmo to pay their employees.
Venmo is a time-saving online money exchange bank that requires no additional paperwork.
Does Venmo Offer Cardless Withdrawals?
In short, Venmo does not support cardless withdrawals. This implies you won’t be able to withdraw money from Venmo without a card. This is due to the fact that Venmo has not yet implemented the necessary functionality to process this type of transaction.
As a result, the only way to withdraw money from Venmo is to use your debit card at an ATM (which costs $2.50 per withdrawal*) or a counter at most major banks or credit unions (which costs $3.00). cost per recording). , wherever you are asked to show your debit card.
Can you withdraw money from Venmo without a card?
While you can use Venmo without a card, it is not possible to withdraw money from Venmo without a card.
This is due to a lack of support for Venmo with cardless withdrawals, making it impossible to withdraw money from Venmo without a card at an ATM.
However, there are many ways to withdraw money from Venmo without a card that you can use to get money from your Venmo account even if you don’t move with your Venmo debit card.
However, getting money from Venmo without a bank is a great way to withdraw money from Venmo if you don’t want to use your bank account.
How to Withdraw Money From Venmo Without Card?
How to withdraw money from Venmo without card Option 1: Use a different account or card
You can immediately use a debit card that is connected to another bank account to make an ATM withdrawal. By choosing Add Bank or Card… then Banking in the Venmo app settings, you can connect a bank account to your Venmo account if you have money on your account that you explicitly wish to withdraw. You can instantly transfer money from your Venmo balance to your bank account after having your account verified, or you can wait for one to three business days (for free with the 1-3 Biz Days option) (for a fee) when using the Direct option).
By following this method, you can use a debit card linked to another bank account to withdraw funds previously held in your Venmo account.
Of course, this method won’t work if you’ve lost or forgotten your entire wallet and your Venmo card.
What You Will Need
- A Venmo balance and another bank account or
- A second debit card.
How to withdraw money from Venmo without card Option 2: Ask a friend to do it for you
If you have a friend who has a Venmo card and is ready and available to help you, asking them to withdraw the money for you if you don’t have a Venmo card is a good option.
The beauty of this option is that your friend can receive their money quickly, and all they have to do is tap Pay and enter their username, phone number, or email address to send and withdraw money. If they are nearby, you can also scan your friend’s QR code in the app to ask them to pay.
What You will need
- A friend;
- A Venmo account with sufficient funds;
- A smartphone or other device with an internet connection.
How to withdraw money from Venmo without card Option 3: Request a Venmo card
Although getting a Venmo card would be a better alternative for you if you don’t need your case right now, this can sound like a smart idea to you. When you need to make a withdrawal in the future, the card will be instantly connected to your Venmo balance and is free to use every day.
It takes five to seven days for the card to arrive at your house once you order it.
What you will need
- A Venmo account;
- A valid ID (e.g. driver’s license, passport, social security card, etc.).
How to withdraw money from Venmo without card Option 4 – Use a global debit card
The best approach to withdraw money is to use a prepaid debit card that is made for low-cost purchases, such as ATM withdrawals, whether you don’t have a Venmo card, have lost it, or left it at home.
Even when traveling abroad and using foreign currency, you can totally avoid cash withdrawal costs using a competitor’s travel card offering. (The only fees you might pay in these situations might be the ATM’s network cost or a minor Visa or Mastercard exchange surcharge, depending on the card.)
One of your greatest options if you frequently travel outside of the US is to register a Wise Multi-Currency account, which gives you access to a current online account, balances in multiple currencies, and a debit card.
Go to Wise
- Once you have registered and received your card (this can take up to 3 weeks in the US), you can take advantage of the following unique features:
- Local bank details in the US, Eurozone, UK, Australia, New Zealand, Singapore, Romania, Canada, Hungary, and Turkey;
- Hold, exchange, and reload up to 56 coins;
- A multi-currency Visa debit card convenient to pay in foreign currencies with no hidden fees;
- Access Wise’s powerful international money transfer service directly from your account balance.
- We also recommend checking out our pick of the best banks for international travel (number one is one of the best options for free international withdrawals).
What you will need
- Proof of residence;
- A valid ID (e.g. driver’s license, passport, social security card, etc.);
Is Venmo safe?
Venmo is usually regarded as secure. Venmo claims to utilize encryption to protect your account information and to track your behavior in order to detect fraudulent transactions. It also intends to keep your information secure on computer systems.
You can set a PIN to your account using the Venmo app for enhanced security. Multi-factor authentication protects Venmo accounts even further.
When you log into your Venmo account, you may be prompted to input a code delivered to your phone or email by Venmo.
According to the firm, Venmo’s technology is “designed for payments between friends and those who trust each other.” Pay for items and services only if Venmo allows it.”
Venmo now requires users to verify their identity through the Venmo app to increase security.
Venmo won’t let you use your Venmo balance to make payments without verification, but you can still receive and transfer money to your bank account.
To authenticate your Venmo account, you will need a Social Security Number or Individual Taxpayer Identification Number (ITIN).
“While it is always dangerous to send sensitive information to a company,” states the Identity Theft Resource Center, “identity verification is vital to limiting the frequency of identity crimes.”
In a related move, Venmo now allows users to choose whether their in-app friend list is public, private, or friends, and opt-out of being featured on other Venmo users’ friend lists.
According to the Identity Theft Resource Center, the number of scams involving Venmo and other money apps has increased since the start of the Covid-19 outbreak.
Scammers have targeted money app users via social media, email, and text messages to steal their money or identity.
Scams involving Venmo include:
- Notify someone by email or text that they’ve won a Venmo prize
- Call a Venmo user to get their account information (Venmo doesn’t do this)
- Call a Venmo user and impersonate someone from Venmo support
- Selling something to a stranger gives them the impression that they have paid for an item or service when they have not.
Conclusion – How to withdraw money from Venmo without card?
Venmo is a United States-based mobile payment service that was founded in 2009 and has been owned by PayPal since 2012. Venmo allows users to instantly send and receive money online.
Venmo users can use their money without a card to pay rent, utility bills, etc. However, you cannot withdraw money directly from Venmo without a card at an ATM as Venmo does not support cardless withdrawals.