How To Transfer Money From PayPal To Venmo 2024

Venmo and PayPal are owned by PayPal Holdings, Inc.

However, despite this relationship, there isn't a direct method for transferring between the two.

But don't worry! Today we're going to help you navigate moving your money from PayPal to Venmo, step by step.

This will involve using a separate bank account as an intermediary.

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1. Link Your Bank Account To PayPal

In order to move your money from PayPal to Venmo, you'll need to start out by moving those funds from PayPal to a linked bank account.

Here's how to link a bank account to PayPal:

1. Log in to your PayPal account
2. Click on "Wallet" at the top of the page
3. Select "Link a bank or card"
4. Follow the on-screen instructions to link your bank account
5. Verify your bank account or card if prompted

2. Transfer Funds From PayPal To Bank Account

Once your bank account is linked, you can transfer your money from PayPal to your linked bank:

1. Go to "Wallet" in your PayPal account
2. Click on "Transfer Money"
3. Choose the amount you want to transfer and select your linked bank account
4. Review your transfer details are correct, and confirm the transfer

You can choose the instant transfer for a small fee, or choose the free standard transfer that takes 1 to 3 business days to complete.

3. Link Your Bank Account To Venmo

If you haven't already, download the Venmo app and create an account.

Now, you'll need to link the same bank account you linked to PayPal to your Venmo account:

1. In the Venmo app, select "Me" on the bottom-right corner
2. Press the gear icon for "Settings" in the upper-left corner
3. Tap "Payment Methods"
4. Select "Add a Bank or Card" and follow the instructions to link your bank account

4. Transfer Funds From Your Bank Account To Venmo

Finally, it's time to transfer the PayPal funds from your bank account to Venmo:

1. In the Venmo app, click on the "Me" tab
2. Next to your displayed Venmo balance, select "Manage"
3. Choose "Add Money"
4. Enter the amount you want to transfer and select the linked bank account
5. Review your transfer details are correct, and confirm the transfer

Again, depending on the transfer speed chosen, your money could take up to 3 business days to process.