How to Use Venmo Balance Instead of Card & Bank Account ✅

Venmo is a widely used mobile payment service in the United States. It’s easy, convenient, and quick — but this doesn’t mean people don’t have questions.

To Use Venmo Balance Instead of Card: 1) Open Venmo App 2) Visit the “Me” tab 3) Select Settings 4) Go to ‘Payment Method‘ 5) Change to ‘Venmo Balance.‘

If you don’t have access to the Venmo Balance feature, you can’t use money from your Venmo balance until you verify your identity in the Venmo mobile app.

How to Use Venmo Balance Instead of a Card or Bank Account

To pay with Venmo balance instead of your card or bank account,

1. Open Venmo App
2. Visit the “Me” tab 
3. Select the Settings gear
4. Go to the ‘Payment Method‘ option at the bottom of the app screen
5. Change to ‘Venmo Balance‘ upon completing your transaction.

Ensure that your Venmo account has been verified before using your balance feature.

You also need to make sure of two things:

• Your Venmo account has access to the Venmo Balance feature.
• Your Venmo balance has enough money to cover the whole payment.

If one of those conditions isn’t met, you won’t be able to send money out of your Venmo balance.

Using Venmo Balance

It’s easy to do and can save you time and hassle. Here’s how:

Linking Your Bank Account

The first step is to link your bank account to your Venmo account.

To link your bank account, follow these steps:

1. Open the Venmo app and go to the “☰” menu
2. Select “Settings” and then “Payment Methods”
3. Choose “Add a bank or card” and select “Bank Account”
4. Enter your bank account information and follow the prompts to verify your account

Adding Money to Your Venmo Balance

Once your bank account is linked, you can add money to your Venmo balance.

• Transfer money from your linked bank account to your Venmo balance
• Receive payments from friends or family and keep the money in your Venmo balance
• Use your Venmo debit card to add cash at a supported retailer

It’s important to note that there may be fees associated with adding money to your Venmo balance, depending on the method you choose

Using Venmo Balance Instead of Card

Venmo offers the option to use your Venmo balance instead of a card.

Selecting Venmo Balance at Checkout

When you’re ready to make a payment on Venmo, you’ll see a screen that prompts you to select a payment method.

By default, your linked bank account or card will be selected. However, if you have a Venmo balance, you can easily select it instead. Simply tap on “Change” next to the payment method and select “Venmo Balance.”

Once you’ve selected your Venmo balance, you can complete the payment as usual.

The funds will be deducted from your balance instead of your linked bank account or card.

Withdrawing Venmo Balance

If you want to withdraw your Venmo balance for use outside of the app, you can easily do so. First, make sure your identity is verified. Then, follow these steps:

1. Tap on the three horizontal lines in the top-left corner of the app
2. Select “Manage Balance”
3. Choose “Transfer to Bank”
4. Select the amount you want to transfer
5. Choose the bank account you want to transfer to
6. Tap “Instant” or “1-3 Biz Days” depending on your preference
7. Confirm the transfer

It’s that easy! Your Venmo balance will be transferred to your bank account and will be available for use outside of the app.

What if I Don’t Have Access to Venmo Balance?

If you can’t see a “Venmo Balance” option at the top of the screen in “Payment Methods” under “Settings” in the “Me” tab, this means you didn’t activate the feature for your account.

In this case, you need to provide identity verification to access the “Venmo Balance” feature. You can do this via the Venmo app only, not the Venmo website.

Here’s how:

1. On your smartphone, launch the Venmo app.
2. Tap on your picture or initials to go to the “Me” tab.
3. In the top right corner of the screen, tap the “Settings” gear.
4. Choose “Identity Verification”.
5. Tap “Next” and enter the required information such as your full name, address, date of birth, and the four digits at the end of your Social Security number.
6. Continue by following the on-screen prompts and tapping “Next” to complete the process.

How Long Does Identity Verification Take?

The good news is that the process of identity verification is typically finalized within a few minutes. So if the information you provide is solid, you won’t need to wait long before you can start using money in your Venmo balance.

That said, if a part of your information is unavailable or if you’ve changed your name or address, the process will take longer (usually a few days) because you’ll need to submit additional documentation in the Venmo app to further verify your identity.

Another event that may cause a delay in finishing the identity verification process is if you made a typo when entering information or provided a wrong document. 

In this case, you’ll need to wait and be on the lookout for a follow-up from the Venmo team asking for the correct details via the app if necessary. 

Additionally, if you don’t have the latest version of the Venmo app, you won’t be able to finalize your identity verification. So make sure your app is up to date. 

RELATED: How to Verify Venmo Account Without SSN?

How Does Venmo Balance Work?

Venmo Balance is a feature available on the Venmo app and website that lets you use money available in your Venmo account to make transactions.

This feature is available just by signing up for a Venmo account. You need to verify your identity via the Venmo app to be able to use your balance because Venmo transactions are regulated by the United States Treasury Department

You can make sure whether or not you have access to Venmo Balance as follows:

• On your smart device, open the Venmo app. 
• Tap on your picture or initials to go to the “Me” tab.
• In the top right corner of the screen, tap the “Settings” gear.
• Choose “Payment Methods”.

If there’s a “Venmo Balance” option at the top of the screen, that means you can use the feature right away.

If you can’t find this option, this means you don’t have access to this feature. If you want to pay out of your Venmo balance, the app will need an identity verification.

Why is Your Venmo Balance Not Working?

If you encounter any issues, try troubleshooting and contacting customer support if necessary.

Verification Troubleshooting Listicle

• Make sure you’ve completed the verification process by providing your full legal name, date of birth, and social security number.
• Double-check that the information you provided matches your legal identification documents.
• Make sure your account is in good standing and hasn’t been flagged for any suspicious activity.
• If you’re still having issues, contact Venmo customer support for further assistance.

Low Funds Troubleshooting Listicle

• Check your Venmo balance to make sure you have enough funds for the payment.
• If you don’t have enough funds, transfer money from your bank account to your Venmo balance.
• If you’re still having issues, try contacting Venmo customer support for further assistance.

Bank Account Troubleshooting Listicle

• Make sure your bank account is verified and linked to your Venmo account.
• Check that your bank account information is up-to-date and accurate.
• If you’re still having issues, contact your bank to make sure there are no issues with your account.
• If the problem persists, try contacting Venmo customer support for further assistance.

Is Venmo Safe?

Yes, Venmo is safe. Venmo offers several security features to help ensure that your transactions are safe.

For example, you can choose a mode of verification for your bank account, either instant or manual. This ensures that the bank account is available for sending money back and forth before you start any transfers. Additionally, Venmo uses encryption to protect your personal and financial information.

Wrap Up

There you go, everything you need to know about using a Venmo balance.

If your account has access to a Venmo Balance, any payments you make will be issued from the funds in your Venmo balance by default given that it contains enough money to cover the whole payment.

If you don’t have access to Venmo Balance, you can’t send or transfer money from your Venmo balance until you verify your identity in the Venmo app.