How To Withdraw Money From Venmo To Your Bank 2024

Venmo, with its user-friendly interface and convenience, has become a staple in the realm of digital transactions.

However, the process of transferring funds from Venmo to your bank account may seem daunting at first glance.

In this guide, we will navigate through the steps, ensuring a seamless transition of your funds from Venmo to your bank account.

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Here's what you need to know:

• Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
• All Robinhood investors will get a 1% Match on what they Contribute or Transfer
• Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

Best Free Stock Promotions

Brokerage	Promotion	Link
	1 Free Fractional Share Worth Up To $200	Learn More
	Earn Up To 40 Free Fractional Shares	Learn More
	5 Free Stocks When You Deposit $100+	Learn More
	$20 Bonus When You Invest $5+	Learn More

Method 1: Instant Transfer

For those seeking immediate access to their funds, Venmo offers an instant transfer option.

While this option incurs a fee of 1.75%, with a minimum of $0.25 and a maximum of $25, it provides the advantage of swift transfer, typically within 30 minutes.

Here's how to initiate an instant transfer:

1. Open the Venmo app and navigate to the "Me" tab.
2. Select "Add or Transfer" under Wallet.
3. Choose the "Instant" option. (Assess the fee.)
4. Enter the desired amount for transfer.
5. Select your bank account from the linked accounts.
6. Tap "Transfer" to complete the process.

Method 2: Standard Transfer

Alternatively, Venmo offers a standard transfer option for users who prioritize cost-efficiency over immediacy.

Standard transfers are free of charge but may take 1-3 business days to complete.

Follow these steps to initiate a standard transfer:

1. Open the Venmo app and navigate to the "Me" tab.
2. Select "Add or Transfer" under Wallet.
3. Choose the "1-3 Business Days" option.
4. Enter the desired amount for transfer.
5. Select your bank account from the linked accounts.
6. Tap "Transfer" to proceed with the transfer.