Does Venmo work with Chime

(2023) Does Venmo work with Chime (Yes, 7 Steps to transfer)

by

Does Chime Work with Venmo? Can you transfer money from Chime to Venmo or from Venmo to Chime?

If you are finding answers to all of these questions, you are at the right place.

In this post, we have discussed all you need to know about using Chime with Venmo.

So, let’s get started.

Can you send money from Venmo to Chime

Short answer: Yes, you can send money from Venmo to Chime. You will have to use the Chime Card to transfer money from your Venmo account to your Chime account.

First, you will have to link your Chime Card in the Venmo app, and then you can easily transfer money from Venmo to Chime like you would do normally do to transfer money from your Venmo app to your bank account.

For a step-by-step guide to link Chime debit card with Venmo and transfer money, follow the procedure provided below.

Does Venmo work with Chime

Short answer: Yes, Venmo works with Chime. You can easily send money from Venmo to Chime by linking your Chime Card to the Venmo app.

How to Add Chime Card to Venmo

You can follow the steps below to add Chime card to Venmo

  • Step 1- Open Venmo App and log in

To begin with, Open the Venmo App on your device and log in to your account if you haven’t already.

  • Step 2- Tap on the Menu button

Now, from the home screen of the Venmo app, tap on the menu button (three dots icon) present in the upper right corner of the app.

  • Step 3- Tap Setting.

From the drop-down menu that appears, tap on the ‘Settings’ option.

  • Step 4- Tap on Payment Method

Now, from the settings menu, tap on the option ‘Payment Method’ 

  • Step 5- Tap on Add Bank or Card

In the Payment method menu, tap on the option ‘add bank or Card.’

  • Step 6- Tap Card

Now, from the pop-up that arrives from the bottom, tap on the Add card option.

  • Step 7- Verify added Chime card

After adding the card to Venmo, you will need to verify it by using either Instant Verification or Microtransfers.

If you want to know how both of these verifications method works, you can read the official Venmo document.

Once, you have added the Chime card to Venmo app, you can send money to it easily by following the steps below.

How to transfer money from Venmo to Chime

Now, as you have linked the Chime Card to your Venmo app, you can easily send money to it, just follow the steps below.

  • Step 1- Open Venmo App and log in

To begin with, open the Venmo App on your device and log in to your account if you haven’t already.

  • Step 2- Tap on Menu button

Now, from the home screen of the Venmo app, tap on the menu button (three dots icon) present in the upper right corner of the app.

  • Step 3- Tap Manage Balance

From the drop-down menu that appears, tap on the ‘Manage Balance’ option.

  • Step 4- Tap ‘Transfer to Bank’

Now, from the pop-up that appears from the bottom, choose ‘Transfer to Bank’ instead of Add money.

  • Step 5- Enter amount you want to transfer

In the next menu, choose the amount you want to transfer from your Venmo account to Chime account.

  • Step 6- Choose Transfer to Chime Bank or card.

Now, in the same menu, there will be an option to choose the bank account in which you want to transfer money if you have linked multiple accounts in your Venmo app. You just choose ‘Chase card.’

  • Step 7- Tap the Transfer button

Now, simply tap on the green transfer button to send money from your Venmo account to your Chime account.

That’s how you can add your Chime card to your Venmo account and transfer money from Venmo to Chime.

Fess to send money from Venmo to Chime

Yes, following are the are fees associated with transferring fund from Venmo to your Chime account or card.

  • Instant transfer from Venmo to your Chime- 1.5% fee.
  • In case you use a credit card to transfer funds from your Venmo account – 3% fee.
  • For depositing a payroll check or government check into your Venmo account – 1% fee (minimum  $5 ).

Source: Venmo

How long does it take to transfer money from Venmo to Chime?

If you have linked the Chime card to your Venmo account, you can use the instant transfer feature to send money which gets transferred instantly (under 30 minutes). In case you opt for standard transfer, it will take about 1-3 business days to move money from Venmo to Chime.

Note: Instant transfers on Venmo are subjected to 1% fee (Maximum $10). On the other hand, standard transfer are free of cost.

Well, you would be like to know how to use Chime with Zelle to transfer funds.

SEE ALSO: How to remove card from Venmo

Final Words

Venmo and Chime are two different financial technology companies that provide users money transferring and other services.

Chime is owned by The Bancorp Bank or Central National Bank, while PayPal owns Venmo.

Venmo and Chime are not banks as many people think. They both are associated with Bancorp Bank.

Well, if you use both the apps to manage your money, and you want to send your money from Venmo to Chime or vice-versa and wondering how to do that then you can follow the steps mentioned above in this article.

So, that’s all for now; we hope you were able to send money from Venmo to Chime by reading this post.

Further Reading:

Does Venmo report to IRS or Police?

How to get a Venmo Card Under 18 Kid

Fix: Venmo “There was an issue with your payment”