Where Can You Cash Out of Venmo Cash Without a Bank

Woman with mask and gloves withdrawing cash from ATM. Safety measures during pandemic.
Credit: pexels.com, Woman with mask and gloves withdrawing cash from ATM. Safety measures during pandemic.

If you're looking to cash out of Venmo Cash without a bank account, you're in luck. Many retailers and services accept Venmo Cash as a form of payment.

Some popular stores that accept Venmo Cash include Walmart, Target, and CVS Pharmacy. You can also use Venmo Cash to buy gift cards from various retailers like Amazon and Starbucks.

Another option is to use Venmo Cash at an ATM, but be aware that you may be charged a fee for the transaction.

Where to Cash Out of Venmo

You've got Venmo cash and you want to turn it into real money. You can cash out at thousands of CVS Pharmacy locations nationwide.

Venmo also partners with Walmart to allow cash out at over 4,700 locations.

If you're near a CVS or Walmart, it's a convenient option to get your cash.

Venmo Options

You can cash out of Venmo through various options, including direct deposit, transfer to a bank account, and transfer to a debit card.

Credit: youtube.com, How to Withdraw Your Money from Venmo

Direct deposit is a convenient option that allows you to transfer funds directly to your bank account, with a minimum transfer amount of $5 and a maximum of $4,999.99 per transfer.

Transferring funds to a bank account is another option, with a 1.75% fee for transfers over $100,000.

You can also transfer funds to a debit card, with a 1.75% fee for transfers over $100,000.

Venmo's transfer limits may vary depending on your account status, with limits of $4,999.99 per week for standard accounts and $19,999.99 per week for premium accounts.

It's worth noting that these transfer limits do not apply to direct deposit or transfers to a bank account.

Bank and ATM Options

If you're looking to cash out of Venmo, you have a few bank and ATM options to consider.

You can link your Venmo account to a bank account at participating banks, such as Bank of America, Capital One, or Wells Fargo, and transfer funds directly into your bank account.

Credit: youtube.com, How to use Venmo at an ATM - FOR FREE!

Some banks, like Bank of America, offer a fee-free transfer option, while others may charge a small fee.

You can also use an Allpoint ATM to withdraw cash from your linked bank account, and there are over 43,000 ATMs located across the US.

Some banks may charge a foreign transaction fee if you use an ATM outside of your network.

You can check with your bank to see if they offer a fee-free ATM network, such as Allpoint or MoneyPass.

Venmo Cash Out Features

You can cash out of Venmo using your Venmo debit card, which allows you to receive and send money without linking your bank account.

Having a Venmo debit card also makes it easier to use the app, as you can access your money directly.

If you want to avoid using the Venmo app, there are still many ways to receive or send money safely, such as using your Venmo debit card.

Instant Cash Out

Credit: youtube.com, ✅ How to Cash Out Venmo Balance 🔴

Venmo is officially launching instant bank transfers, a service that will allow users to instantly cash out their Venmo balance for a flat $0.25 fee.

This service requires a Visa or Mastercard debit card and will process cash outs within 30 minutes.

The instant cash out feature is not meant to replace the existing free option, which takes longer to process. Instead, it will roll out to all Venmo users over the next few days.

Venmo's decision to offer instant cash out is likely a response to competition from other P2P transfer services.

Fees and Limits

Venmo allows you to cash out up to $4,999.99 per week.

The cash out fee is 1.75% of the amount you're cashing out, with a minimum fee of $0.25.

You can cash out to your debit card, bank account, or prepaid card.

Cashing out to your debit card is free, but it may take up to 3 business days to process.

Cashing out to your bank account or prepaid card has a 1.75% fee, but it's processed immediately.

Venmo also has a daily transfer limit of $2,999.99.

Frequently Asked Questions

Can you withdraw money from Venmo at an ATM?

Yes, you can withdraw money from Venmo at an ATM, but be aware that daily withdrawal limits and fees may apply. Check your Cardholder Agreement for details on fees and limits.

Why can't I withdraw from Venmo?

Your Venmo account may be restricted, or your linked debit card or bank account may not be eligible for instant transfers. Check your account status or review your account linking information to resolve the issue

Timothy Gutkowski-Stoltenberg

Senior Writer

Timothy Gutkowski-Stoltenberg is a seasoned writer with a passion for crafting engaging content. With a keen eye for detail and a knack for storytelling, he has established himself as a versatile and reliable voice in the industry. His writing portfolio showcases a breadth of expertise, with a particular focus on the freight market trends.

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