How to Add and Send Money on Venmo – Latest Tips

Venmo has revolutionized the way we handle personal transactions, making it simple and fun to send money to friends, split bills and even make purchases. If you’re new to Venmo or looking to master its features, this detailed guide will walk you through adding money to your account and sending it with ease.

1. Setting Up Your Venmo Account

1.1 Download the App:

• iOS Users: Visit the App Store and search for “Venmo.”
• Android Users: Visit the Google Play Store and search for “Venmo.”
• Download and install the app on your device.

1.2 Sign Up:

• In order to start to add and send money on Venmo, you need open the Venmo app and sign up using your email address or mobile number. You can also sign up using your Facebook account.
• Follow the prompts to create a secure password and verify your identity.

2. Linking Your Bank Account or Card

2.1 Navigate to Settings:

• Tap the menu icon (three horizontal lines) in the top-left corner of the app.
• Select “Settings” and then “Payment Methods.”

2.2 Add a Bank Account:

• Tap “Add Bank or Card…”
• Select “Bank.”
• Choose your bank from the list or enter your bank details manually.
• Follow the verification process, which may include entering micro-deposits sent to your account.

2.3 Add a Debit or Credit Card:

• Tap “Add Bank or Card…”
• Select “Card.”
• Enter your card information and billing address.
• Note: Adding a credit card incurs a 3% fee when sending money, while debit cards and bank accounts do not.

3. Adding Money to Your Venmo Balance in order to Send

3.1 Direct Deposit:

• You can set up direct deposit to automatically add money to your Venmo balance.
• Navigate to “Settings” and select “Direct Deposit.”
• Follow the prompts to set up direct deposit with your employer.

3.2 Bank Transfer:

• Tap the menu icon and select “Manage Balance.”
• Choose “Add Money.”
• Enter the amount you want to add and select the linked bank account.
• Confirm the transfer. It may take 1-3 business days for the funds to appear in your Venmo balance.

4. Sending Money

4.1 Open the Venmo App: Ensure you’re logged in to your Venmo account.

4.2 Start a Payment: Tap the “Pay or Request” button (usually a pen and dollar icon) at the bottom of the screen.

4.3 Choose a Recipient:

• Enter the recipient’s username, email, or phone number in the search bar.
• You can also select from your contacts or recent transactions.

4.4 Enter the Amount: Type in the amount you wish to send.

4.5 Add a Note: Write a brief note to describe the payment. This could be anything from “Dinner last night” to “Concert tickets.”

4.6 Choose Payment Method:

• Confirm the payment method (Venmo balance, linked bank account, or card).
• If using a credit card, remember the 3% fee applies.

4.7 Send Money:

• Tap “Pay” to complete the transaction.
• Confirm the payment when prompted.

5. Requesting Money on Venmo

5.1 Start a Request: Tap the “Pay or Request” button.

5.2 Select Recipient: Enter the recipient’s username, email, or phone number.

5.3 Enter Amount and Note: Type in the amount you’re requesting and add a note explaining the reason.

5.4 Send Request:

• Tap “Request” to send the payment request.
• The recipient will receive a notification and can approve the request.

Splitting Bills with Venmo

6.1 Create a Group Payment: Tap “Pay or Request” and add multiple recipients.

6.2 Enter Total Amount: Type the total amount to be split among the group.

6.3 Describe the Payment: Add a note explaining what the payment is for, like “Dinner split” or “Weekend getaway.”

6.4 Split Equally or Unequally: Venmo will automatically split the amount equally, but you can adjust the amounts for each person if needed.

6.5 Send Request: Tap “Request” to send the split bill request to all participants.

SEE: Venmo Fees Explained – All You Know

7. Security Tips

7.1 Enable Touch ID or Face ID: Go to “Settings” and enable Touch ID or Face ID for added security.

7.2 Set Up a PIN Code: In “Settings,” you can also set up a PIN code to prevent unauthorized access.

7.3 Monitor Transactions: Regularly check your transaction history to ensure all payments and requests are accurate.

Using Venmo to add and send money is straightforward once you know the steps. By linking your bank account or card, managing your balance, and understanding the nuances of payments and requests, you can leverage Venmo’s features to handle your personal transactions smoothly.