How can I transfer money from Venmo to Cash App?
Venmo and Cash App are two of the most popular peer-to-peer payment platforms in the United States. While both apps make it easy to send and receive money, they don't offer a direct way to Transfer Money from Venmo to Cash App. However, with a few extra steps, you can move money from your Venmo account to your Cash App account. This guide will walk you through the process.
Step 1: Link a Bank Account to Both Venmo and Cash App
Before you can transfer money between Venmo and Cash App, you need to link a common bank account to both apps. Here’s how to do it:
Link a Bank Account to Venmo:
Open the Venmo app.
Go to the “Settings” menu by tapping the three horizontal lines in the top-left corner.
Select “Payment Methods.”
Tap “Add a bank or card” and then choose “Bank.”
Enter your bank account details and follow the prompts to verify your account.
Link the Same Bank Account to the Cash App:
Open the Cash App.
Tap the profile icon in the top-right corner.
Scroll down and select “Linked Banks.”
Tap “Link Bank” and enter your bank account information.
Follow the verification process to complete the linking.
Step 2: Transfer Money from Venmo to Your Bank Account
Once your bank account is linked to both apps, you can transfer the money from Venmo to your bank account:
Open the Venmo app.
Go to the “☰” menu in the top-left corner.
Select “Transfer to Bank.”
Choose the amount you want to transfer.
Decide whether you want an instant transfer (which incurs a small fee) or a standard transfer (which is free but takes 1-3 business days).
Confirm the transfer.
Step 3: Transfer Money from Your Bank Account to Cash App
After the funds have arrived in your bank account, you can move them to Cash App:
Open the Cash App.
Tap the “Banking” tab on the home screen.
Select “Add Cash.”
Enter the amount you want to transfer.
Tap “Add” to confirm the transfer.
Step 4: Confirm the Transfer
Once the transfer is complete, you’ll see the funds in your Cash App balance, ready to use.
Conclusion
Although Venmo and Cash App don’t allow direct transfers between each other, using a linked bank account is a reliable workaround. By following these steps, you can efficiently move your money from Venmo to Cash App without any hassle. Whether you're splitting bills with friends, paying for services, or simply managing your finances, knowing how to transfer funds between these platforms can be incredibly useful.
Comments
Post a Comment