How to Transfer Money from Venmo to Bank on iPhone

To transfer money from Venmo to your bank account on your iPhone, you'll need to have the Venmo app installed and be logged in. Make sure you have your bank account information ready, including your account number and routing number.

First, open the Venmo app and tap on the "Balance" tab at the bottom of the screen. From there, select the amount you want to transfer by tapping on the "+" icon and entering the desired amount.

You can also transfer money from Venmo to your bank account by tapping on the "Transfer" button on the home screen of the Venmo app. This will take you to a screen where you can select your bank account from a list of connected accounts.

To connect your bank account, tap on the "Add a Bank" button and enter your account information, including your account number and routing number.

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To initiate the transfer, you'll need to go to the Me tab in the Venmo app. You can then tap the Add or Transfer button under "Wallet" to get started. Some users may see Manage instead, but it's the same button.

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To transfer money to your bank account, you'll need to select your transfer method - either Instant or 1-3 biz days. Be aware that instant transfers come with a fee, which is $1.5% of the total amount, with a minimum of $0.25 and a maximum of $15.

You'll also need to confirm your transfer details by tapping the green "Transfer" button. This will initiate the transfer and send the money to your bank account.

If you're using a computer, you can transfer money to your bank account by clicking "Transfer balance" from the sidebar. The process is the same as in the app.

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To transfer money from Venmo to your bank account on your iPhone, you have two transfer methods to choose from: Standard Transfer and Instant Transfer. The Standard Transfer is free, but it takes 1-3 business days to appear in your bank account.

You can link your bank account to Venmo and verify it before transferring the funds from your Venmo account to the bank. This process is relatively simple, especially after you have fully set up your Venmo account by adding a bank account.

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To verify your bank account, you can either use the instant verification process or micro-transfer. Make sure to enter the correct credentials to avoid any issues with the transfer.

Here are the steps to transfer money from Venmo to your linked bank account:

Note that an Instant Transfer fee of 1.75% (minimum $0.25, maximum $25) will be applied to the transfer amount.

You'll need to verify your bank account with Venmo before transferring funds. This step is crucial for a smooth transfer process.

To verify your account, you can choose between an instant verification process or micro-transfer. Both methods will deposit small amounts into your bank account, which you'll need to confirm.

If you enter the wrong credentials, the bank account linking and subsequent funds transfer will fail. So, make sure to double-check your information.

The deposits will show up within 1-3 days, after which you can verify the bank account.

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There are two methods to transfer money from Venmo to your bank account, each with its own speed and potential fees.

The standard transfer is free, but it takes 1-3 business days for the money to appear in your bank account.

If you need the money in your bank account right away, you can use the instant transfer option, which is available within 30 minutes, but comes with a fee of 1.75% (minimum $0.25, maximum $25) applied to the transfer amount.

Here are the details of the two transfer methods:

You can choose the transfer method that best fits your needs, whether it's the speed or the cost.

The transfer charges for Venmo are similar to other money transfer apps, with a $1.5% fee on instant transfers, capped at $15.

If you choose standard transfers, you won't be charged a fee, but it may take up to 3 days for the funds to arrive in your account.

The time it takes for a Venmo payment to appear in your account depends on the transfer mode you choose. Standard transfers typically arrive between 1-3 business days.

Instant transfers, on the other hand, are available within minutes. However, be aware that Venmo may delay transactions to review details, which can freeze the funds for hours or days.

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