Venmo lets you select bank account instead of Venmo balance to make the final payment. Check our step-by-step guide on the same.
Are you someone who is finding ways to use Venmo balance instead of a bank account?
Is it even possible?
Can you send money from Venmo balance?
Well, you have reached the right web page to find answers to any Venmo balance-related questions.
Here, you will know if it is possible to use Venmo balance instead of bank account. We have also provided a detailed guide on the same.
If you are ready, let us dive right into the details.
How to use Venmo balance instead of bank account
Short Answer: To use Venmo balance instead of bank account, you need to have a verified identity on Venmo first. At the time of finalizing the payment, you can manually select the payment method to Venmo balance instead of a bank account.Â
Venmo balance is automatically used when you have an insufficient balance in your bank account.Â
As you already know, Venmo provides three different options to make payments.
- Debit card –Â You can link your debit card to Venmo and select it as a payment method. Venmo supports the majority of debit card
- Bank account – Other than the bank-associated debit card, the user also gets the option to link their bank account. Simply submit
- Venmo balance – It is not an issue if you do not have a bank account or any debit card. You can still make transaction using your Venmo account. Venmo balance can be used as a payment method at the time of making the transaction.
You can either pay using the linked card or bank account
Venmo is one of the popular payments processing apps made for users in the USA. The renowned payment platform Paypal owns Venmo, which ensures highly secured payments for all users.
Other than a bank account, or credit card, there is one more payment method that can be used, it is Venmo balance. It is where the amount, which has been sent by your friends, is held. And if you want, you can transfer it to your bank account anytime.
But, to access your Venmo balance, you need to verify your identity on Venmo. Fret not, Venmo verification is completely safe, and it takes just a few minutes to complete the verification procedure. Other than the accessibility of the Venmo balance, the verification lets you increase the sending and receiving limits on Venmo.Â
If you are having issues with the Venmo verification procedure, you can visit this post –Â Fix: Venmo identity verification not working.
If you are looking for an entire guide on how to send money from Venmo balance, you can check out the step-by-step provided below.
How to use Venmo balance instead of card
You can easily switch to using Venmo balance instead of card. Simply change the payment method to Venmo balance while finalizing the transaction. Select the payment method options from the bottom of the screen and change them to Venmo balance.
How to send money from Venmo balance
To send money from the Venmo balance, you need to first login to your Venmo account. select the contact you want to send the payment and enter the amount. And finally, select the payment method for Venmo balance from the bottom of the screen.
Check out the step-by-step guide for more details.
Step 1 – Verify your identity on Venmo
You won’t be able to use your Venmo balance to pay anyone if you do not have your identity verified on Venmo.
As mentioned earlier, a verified identity is needed if you want to hold money yourself on Venmo as well as use the balance to transfer funds to others.
If you need assistance with the verification, you can check out the link for more insight on the verification procedure and a quick step-by-step guide.
VISIT NOW: How to verify identity on Venmo
Only after getting your identity verified on Venmo app, you should proceed with further steps.
Step 2 – Open Venmo app
Open the Venmo app on your mobile device. The steps we are about to discuss are compatible with both the Android and iOS platforms.
You can continue with any device of your choice.
Always use an updated app to avoid any kind of inconvenience. Simply visit the respective app store and search for the app, and hit the update button to download the latest patch.
Step 3 – Select ‘Pay or Request’ option
On opening the Venmo app, you will find yourself on the home screen. And there only, you will see the ‘Pay or Request’ option button.
Simply select the button to start paying another Venmo user.
Step 4 – Add Recipient from contacts
Now select the user to whom you want to send the amount. This option will be available right after you hit the ‘Pay or Request’ button.
Here, you can select anyone from your contacts. If the Venmo user is not on your contact list, you can simply enter the Venmo username to continue.
Step 5 – Enter the required amount
Now, you will be asked to enter the amount that you want to transfer.
Use the on-screen keyboard to enter the amount.
Select the ‘Pay’ button, which will be at the bottom of the screen or right above your keyboard.
Step 6 – Select ‘Venmo balance’ as payment method
And finally, you will be able to change the payment method to Venmo balance.
To do this, select the payment method at the bottom of your screen.
If you are eligible to use the Venmo balance, you will be able to select it for the payments.
And that’s it.
That is exactly how you can use Venmo balance instead of bank account.
If you have any queries, let us know in the comments section below.
For more details, you can check out the video included below –
FAQs
1. How to send Venmo balance to someone
To send Venmo balance to someone, you need to have a verified Venmo account first. This allows you to not only hold money in Venmo balance but also to use it to transfer money to others. If you are verified, you will be able to change the payment method to Venmo balance before making the final payment.
Final Words
And that’s it, ladies and gentlemen.
In this post, we first discussed how you can use Venmo balance instead of bank account.
Whereas, in the next part, we provided a detailed guide on how to send money from Venmo balance.
If you have any related queries, do let us know in the comments section below.
Further Reading:
How to Pay someone on Venmo without an account (2022)
What happens when you remind someone on Venmo
(Guide) Can you change a Venmo payment from private to public?
How Does Venmo Appear on Bank statement
When I Remove a Friend on Venmo do they know

Ankit Kumar is an Engineer by profession and a blogger by passion. Over the last several years, he has written tons of articles, solving queries on Quora. He also has years of experience in investing in Cryptocurrencies, Funds, and Stocks.