Can I delete my Venmo account?
Yes, you can delete your Venmo account. But before you do that, make sure to move any remaining balance to the bank account.
There are a good number of digital banking sectors in the United States, and Venmo is among them.
Venmo is more of a Social Network. It offers a range of services such as P2P transactions. To access Venmo, you must be a US resident.
However, if you tried Venmo and you’re not satisfied with their services, you can decide to close your account.
Many factors can cause you to close your account. For instance, if you are a victim of a scam on Venmo, or if you prefer other digital banking platforms such as Cash App, Paypal, or Zelle to Venmo.
Whatever the case may be, you can easily delete your account without stress. Also, you can close your Venmo Business account, if it’s no longer useful.
Previously, you could only delete your Venmo account using a Desktop/Laptop. But now, it can be done using your Mobile phone. It now goes down on your preference.
So, whichever method you choose, I’m going to show you how to delete your Venmo account permanently using a computer.
Reasons you might consider to close your Venmo account
There are three major reasons that might make you consider closing your account.
Number 1: the first reason might be, you created an account you’re not making use of. So what’s the need of creating an account you don’t use, thereby blocking space on your device for other important apps. If this is the case, deleting your account will be the best option.
Number 2: the second reason might probably be as a result of finding a better mobile app that serves you better than Venmo. So the best thing to do in this situation is to get rid of the app by closing it.
Number 3: the last reason might be if you’re scammed. Maybe you got scammed on the app and no longer trust their security measures. If you find yourself in this scenario, you can park your tent to any other digital wallet that seems convenient and secure to you.
What are the steps to take before closing your Venmo account?
In order to avoid losing your money, there are few important things to do before closing your account.
- Transfer your remaining balance to the bank account before closing the account. Or transfer back the money to the sender. Failure to do this, your money will be stocked up on the account, unless you reach out to Venmo.
- Make sure your PC is close by. Because, you can’t close your Venmo account with your smartphone (mobile device) or through the app. You can only delete the account using a computer.
How To Close Your Venmo Account
You can’t just log in to your account and delete it straight away. No, it is not done that way.
Before you can delete your Venmo account, there’s something you need to do,
- Make sure you don’t have any money left in the account. If there are any funds, make sure you transfer the money to your linked bank account. Or you can transfer to a friend or family member. Failure to do this, you’ll have to contact Venmo before you can claim the money.
- Secondly, check for any incomplete or pending transactions. If there are any, you have to wait until it’s completed.
Once you’ve cleared all funds on your account, you can go ahead and close the account using either your Laptop or your mobile phone.
To close your Venmo account using a computer,
- Sign in to your Venmo account
- Go to your “Account Settings”
- Finally, tap “Close my Venmo Account” located at the bottom of the page.
To close your Venmo account using a mobile phone,
- Open your Venmo app
- Go to the “Me” icon
- Tap on the “Settings” tab, located at the top right corner
- Click on “Account”. You can see it under the “Preference” tab
- Click on “Close Venmo Account”
- Finally, follow the prompt and click on “Confirm” to complete the request.
Note: to know if your request went successful, you’ll receive an email from Venmo along with your transaction history.
Can You Close a Dead Person’s Account on Venmo?
Yes, you can delete and close a deceased user’s Venmo account.
To do this, you have to know the person’s username and password. Once you’ve them, you can use any of the above-mentioned methods to delete the account.
However, if you don’t have access to the username and password, you can contact Venmo. Here is the number to call 855-812-4430. Or you can reach out to Venmo Contact Support.
Note: before you can be given access to the account, Venmo will request your ID and the deceased death certificate.
Can You Delete Your Venmo Business Account?
Venmo made it possible to do so if you wish to. But there’s something you need to understand.
You can delete your Venmo business profile without tampering with your Venmo personal profile. But you can’t delete your Venmo Personal account without tampering with your business account. This implies that, once you close your Venmo personal profile, your business profile will close automatically.
To close your Business account, you’ve to contact Venmo. The option to do it yourself is not available yet.
But before you do that, have this at the back of your mind,
- Once you close your business account, it can’t be reversed.
- It will be impossible to create another business account associated with your profile.
- Lastly, you can’t create another business profile with the previous business profile information.
Why Can’t I Delete My Venmo Account?
If there are still available funds in your account, or you have an incomplete/pending transaction, you may not be able to close your Venmo account.
But after taking care of this, and still getting an error message while closing the account, don’t hesitate to contact the Venmo support team, to help resolve the issue.
Can You Delete Your Venmo Account and Start Over?
The answer is yes. You can close your account and start over. Starting over means creating an entirely different account.
Once you delete your Venmo personal account, it’s permanent. It can’t be undone.
What Happens to My Money if I Close My Venmo Account?
To avoid contacting the Venmo support team, it is advisable to transfer any remaining funds to your bank account before closing your account.
Failure to do this, you’ll be denied access to the money. To claim the money back, you must reach out to Venmo.
What Happens if You Send Money to a Closed Account?
If you mistakenly transfer some funds to a closed account, Venmo will return the money to you. It’s called “Chargeback”.
The good thing is, you don’t need to call or write to Venmo. They will handle the case themselves and return the money to your account.
Can I Have Two Accounts on Venmo?
Yes. If you wish, you can create two Venmo accounts.
And the two accounts you can have is
A Personal Profile and
A Business Profile.
You can’t have two personal or business accounts on Venmo. Rather you can have a Personal and a Business Venmo profile, which makes it two accounts in total.
With the information you’ve gotten in this post, I believe deleting your Venmo account shouldn’t be a problem anymore.
When closing your account, always bear this in mind,
Endeavor to transfer all funds to your bank account.
Make sure you don’t have any pending/incomplete transactions in your account.