Venmo Auto Transfer Explained and Configured

Venmo's auto transfer feature allows you to automatically transfer a set amount of money from your Venmo balance to your bank account at regular intervals.

To use this feature, you'll need to link your bank account to Venmo, which can be done in the app or on the website. This process is typically straightforward, but you may need to provide some additional information, such as your bank's routing number.

You can set up auto transfers to occur daily, weekly, or monthly, depending on your needs. This can be a convenient way to keep your Venmo balance low and avoid overspending.

For another approach, see: Create Venmo Account with Email

You can set up automatic payments on Venmo to make managing one-time or recurring expenses easier.

Venmo's new feature allows you to schedule payments to another Venmo user, and the company promises that automatic payments will be widely available in the coming weeks.

To schedule a payment, choose the Pay/Request option in the app, select whom to send the money to, and hit the Schedule button.

You can set the payment date and choose whether this is a one-time or recurring payment, with options for monthly, weekly, or bi-weekly frequencies.

Venmo will even send a push notification and email 24 hours before the requested payment date, so you don't have to leave the app open for the payment to go out on schedule.

If there are insufficient funds on your Venmo balance, the app will fall back to your other billing methods, such as your linked bank account, debit card, or credit card, to cover the full amount.

You can cancel a scheduled payment request anytime in the Venmo settings.

However, if you want to have your Venmo balance automatically deposited into your bank account, you can use the Venmo auto-transfer feature, which is available for free within the Venmo app or website.

This feature uses a reverse-engineered client for the internal Venmo web API to automatically deposit your Venmo balance into your bank account.

Expand your knowledge: How Do I Use My Venmo Balance to Pay Someone

Venmo's automatic payment feature makes it easy to manage one-time or recurring expenses by setting up automatic payments or payment requests to another Venmo user.

To schedule a payment, you simply choose the Pay/Request option in the app, select whom to send the money to, and hit the Schedule button. This sets the payment date and allows you to choose whether this is a one-time or recurring payment. In the case of recurring payments, you can select a payment frequency such as monthly, weekly, or bi-weekly.

If you set up a scheduled payment request, Venmo will send a push notification and email 24 hours before the requested payment date, so you don't have to leave the app open for the payment to go out on schedule. You can also cancel a scheduled payment request anytime in the Venmo settings.

Sending a Venmo payment happens almost instantly, but if you're looking to transfer your money to a bank, a standard transfer typically takes 1 to 3 business days. If you're eligible for instant transfers, you can send money to an eligible U.S. bank account or Visa/Mastercard debit card within 30 minutes.

To use the Venmo auto transfer script, you'll first need to create a file called .env in your local repository with your Venmo username and password filled in.

The script will then prompt you to provide the account number of your 2FA bank account, which you can find by logging in to Venmo in a private browsing window and clicking Confirm another way on the 2FA screen.

You should note that this script has not been tested with different types of accounts, so it may not work for everyone.

Additional reading: Unfreeze Venmo Account

Venmo doesn't have automatic, recurring, or scheduled payment features.

Sending money through Venmo is quick and painless, but it's worth noting that the payment will be in red paired with a minus sign (-$20) for the sender.

The recipient will see the amount in green.

You can send money quickly, but there are limits to how much you can send - unfortunately, the article doesn't specify what those limits are.

Payment requests work, but the article doesn't go into detail on how they specifically work.

Curious to learn more? Check out: How Does Venmo Card Work

To use Venmo, you'll need to create a file called .env in your local copy of this repository, with your Venmo username and password after the equals signs, and your 2FA bank account number on the third line.

You can find out which bank account is your 2FA bank account by logging in to Venmo in a private browsing window and clicking Confirm another way on the 2FA screen.

This application has not been tested with different types of accounts, so it's hard to say whether it will work in general.

If you invoke ./venmo_auto_transfer.bash, then your Venmo balance will be printed, and if it's nonzero, it will be transferred to your linked bank account marked as the default for bank transfers.

If you invoke ./venmo_auto_transfer.bash -t, then not only will your balance be printed, but it will also be transferred to your linked bank account.

You can manually update your installed copy of Venmo on Google's Play Store and Apple's App Store to get the latest version of the app.

This will give you access to automatic payments, which can be scheduled one-time or recurring with friends and family.

If this caught your attention, see: Balance Transfer Check

Tracking and Cashout is a crucial part of using Venmo Auto Transfer. The tool has a feature called "Venmo Auto Cashout" that allows you to automatically cash out your Venmo balance.

This feature can be used as a cron script to automatically cash out your Venmo balance for you. You can also use it to ensure that you never miss an individual payment cash out. The tool will only cash out amounts that add up to the most recent transactions by default.

However, if you want to cash out everything, you can use the --allow-remaining option. This way, the tool won't exit when there is a remainder. It will keep running and cashing out all your Venmo balance.

Expand your knowledge: How to Add Apple Cash to Debit Card

To run the Venmo auto transfer script successfully, you should consider setting up a cron job on your personal computer to run the script once a day or so.

This approach is recommended because cloud servers are easily blocked by Venmo, and you want the traffic to appear organic to avoid being flagged.

Using a personal computer for the cron job also allows you to maintain a stable IP address, which is essential for the script's functionality.

You can set up a Healthchecks.io account to monitor the script's performance and receive email notifications if it starts failing for too many days in a row.

This will help you stay on top of any issues that may arise, such as Venmo API changes that could impact the script's operation.