Are you trying to make a payment using your Venmo app and suddenly realized that your bank is not connected with the app?
Does Venmo say ‘lost connection with bank plaid’?
If you are also having such issues with your bank account on Venmo, you are at the right place. This post explains why Venmo says ‘lost connection with the bank’ and what to do when your bank account is disconnected from the app.
So, let’s get started.
Why Venmo says lost connection with bank
Venmo says lost connection with bank due to several reasons – such as you have recently changed your banking credentials or you have adjusted your banking MFA settings, you are using an outdated version of the Venmo app and more.
Below we have listed all the possible why Venmo may lose connection with your bank.
1. Change in banking credentials
If you have recently changed your banking credentials like you have updated your online banking username or password. Or you have changed your email or phone associated with your bank, then it is likely that your bank account will be disconnected with the Venmo app.
Venmo detects changes that have been made to your banking credentials, and for security reasons, it automatically disconnects your bank account from the app.
Thus, in this way, it would help protect your account from unauthorized access.
2. Change in banking MFA settings
If you have changed your security settings for your online banking or enabled the MFA (multi-factor authentication) to protect your account, Venmo disconnects the connection with your bank account.
Again, this is also done due to security reasons. If you have changed the MFA setting, Venmo systems detect it and your bank gets disconnected from the app.
3. Connection Issues
Sometimes there can be some connection issues between your bank servers and the Venmo servers, and due to an awry connection, your linked bank account with Venmo app will get disconnected.
4. Use of outdated Venmo app
If you haven’t updated the Venmo app, or you’re using an outdated version of the app, any problem and issue can occur.
In this situation also, you can get an error where Venmo says we lost connection with your bank.
5. Security issues
There can be several other reasons why your bank may get disconnected from your Venmo account, such as someone is trying to log in to your account, or you are using multiple devices to sign in to your Venmo account, etc.
What to do when you get ‘Venmo we lost connection with your bank’
Is your bank account disconnected from your Venmo?
Are you wondering what you can do now?
When will your bank account be connected again?
Well, let us tell you that your bank may not get automatically connected to Venmo.
If you ever get ‘we lost connection with your bank’ on Venmo, you can simply remove your bank account and reconnect it.
If you don’t know how to remove or add a bank account in the Venmo app, you can follow the steps below.
SEE ALSO: How to remove card from Venmo
How to Add bank account 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- Enter bank account/card details
Finally, add the details of your card or bank account.
Venmo is an easy-to-use online mobile payment app using which you can easily send money to your friends, family, or someone else who has an active Venmo account.
It makes sending and receiving money so simple. Just create your account and link your bank account or card, and you are ready to go.
The best part of the app is that it also provides you with a debit called Venmo card that can be used at ATMs to take out cash or used to pay bills at both online and offline stores.
Well, sometimes you might have issues using the Venmo app, such as sometimes your payment can have problems or sometimes Venmo may lose connection with your bank, like we discussed today in this post.
So, we hope you were able to know why Venmo says lost connection with your bank, and you have successfully relinked your bank with Venmo.
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.