Can you have more than one Venmo account?
Do you want to create more than one Venmo account? Is it even possible?
Can you have 2 Venmo accounts with the same phone number?
If these are your questions, you have landed on the right place. In this post, we have talked all you need to know about creating multiple accounts on Venmo.
So, let’s get started.
The short answer to the question “Can you create multiple Venmo account?” is yes, you can create two or more Venmo account, but you will have to use different phone number for both the accounts.
Confused? Let’s learn more about it in detail below.
Can you have two Venmo accounts
Yes, you can have two Venmo account but for that you will need to have two different phone numbers & email address.
Creating multiple or different Venmo accounts makes sense if you want to keep your personal and business transactions separate. Having said that, for creating two Venmo accounts, you will need different phone numbers, email IDs, banks accounts, and debit cards.
Can you make two Venmo accounts with the same phone number
No, you cannot create two Venmo account with the same phone number.
You can only create one Venmo account with one mobile number. To create another Venmo account, you will need to use a alternate phone number.
Other basic requirements for creating a Venmo account are:
- You must be physically located in the United States
- You must have a U.S. cell phone that can send/receive text messages from short codes (please note that this phone number can not be on file with another Venmo account)
- You must be at least 18 years old (or the age of majority in your state of residence)
- Your Venmo app must be updated to version 7.31.0 or newer
Can you use same bank accounts on two Venmo accounts
Yes, you can use the bank same accounts on two different Venmo account, however, it may only be valid if you have a joint bank account with another user.
Read below the joint account policy of Venmo:
If you share ownership of a bank account with another Venmo user, you may both be able to use the bank account on Venmo. We are slowly rolling out a new feature to allow two Venmo users to share a bank account to fund payments on Venmo and initiate standard (or, if eligible, instant) bank transfers to the joint bank account.
If a joint bank account becomes invalid on one Venmo user’s account, it will be unusable (for payments and transfers) on the other user’s Venmo account, too.
What if you want to use both Venmo account simultaneously?
To use both Venmo account at a time, you will have to use a clone app for Venmo.
Most of the latest Android devices have a feature called Clone apps or dual apps feature using which you can create two Venmo apps.
If your smartphone does not have a dual apps feature, or it’s not working for Venmo, you can download an app called Parallel Space.
The parallel space app allows you to create dual apps for any app on your smartphone.
Once you have two clone Venmo Apps on your smartphone, log in with different accounts on each app, and this is how you can use Venmo with different accounts simultaneously on your smartphone.
SEE ALSO: Does Venmo report to IRS or Police?
How to create a Venmo account
Follow the steps below to create a Venmo account:
- Download one of our mobile apps: iOS & Android (Venmo does not have a Windows app)
- Open the Venmo app
- Choose your sign-up method and create a secure password (between 8 and 32 characters long).
- Verify your phone number and email address
- Add and verify your bank account
Please Note: Venmo is only available in the USA, so you must have a US phone number and US bank account to create a Venmo account.
Venmo, owned by PayPal, is a P2P (Peer-to-Peer) money transferring service or app with a social media twist.
Using the app, you can send or request money to and from your friends or family members with emoji-studded text messages, which are shown up on a Facebook-like feed. Well, the dollar amount is hidden, and visibility can always be altered in the settings to private, friends, or public.
Venmo was founded in 2009, later acquired by PayPal in 2012. Venmo was aimed at friends and family who wish to split bills, e.g., movies, dinner, rent, or event tickets. The company handled $159 billion in transactions in the first quarter of 2018.
As a recap of this post, Yes, you can have two Venmo account but for that you will be able to use different phone number and email address.
So, that’s all for folks. We hope you were able to know everything about creating multiple accounts on Venmo after reading this post. For more posts like this, you can head over to our Venmo section or follow a few related posts below.
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.