How To Use Venmo Balance Instead Of Card or Bank Account (Updated 2023)

if you want to know how to use Venmo balance instead of card, read till the end of this article.

Venmo has made sending and receiving money, paying for your purchases, and investing in Crypto very convenient, easy, and fast. 

The app was created in the year 2009 by Andrew Kortina and Iqram Magdon-Ismail. But it was later acquired by PayPal in the year 2013 for $800 million from “Braintree”.

Since then, the app has taken rapid growth, turning into one of the best P2P transaction apps in the US. They recorded over 75 million users in the year 2022. 

Over 2 million authorized stores in the US have adopted Venmo as means of payment. To show you how powerful and popular the app has become. 

For this reason, many United States residents now prefer paying for purchases using Venmo. 

Now you might be wondering as a user if Venmo is a convenient way of making payments, and I have money in my Venmo account, can I be able to use the Venmo Balance when making payments instead of a Card or Bank Account?

Yes, you can pay for your purchases using the Venmo balance instead of the card or bank account. 

In this post, I will show you how you can add money to your Venmo balance, how to use the balance for payment purposes, and other related issues. 

                    Quick Insight 

Yes, you can pay for your purchases using the Venmo balance, instead of the bank account or card. But before it can work, you need to verify your Venmo account. 

How To Add Money to Venmo Balance

There are different ways to add money to your Venmo balance, but I’m going to show you the two easiest ways to do that. 

Ask a Friend 

Bank Transfer 

  1. Ask a Friend: the app was previously created as a mutual transaction, that’s sending and receiving money from people you know. This is the simplest way to fund your account, even if you’re not yet verified. Again, you don’t even need to link a bank account or have a Venmo debit card. All you’ve to do is request money from your friends or family members. Once they send the money, it will reflect in your Venmo balance. To spend the money, you need to verify your account. To withdraw money at an ATM, you need to have a Venmo Mastercard debit card. You can as well transfer the funds to your linked bank account. 
  2. Bank Transfer: this is one of the easiest ways to load money into your Venmo balance. You can fund your Venmo personal profile from your bank account. However, this method requires you to verify your Venmo account, link your bank account, order, and activate your Venmo debit card. 

Now, let’s see how you can verify your account. 

How to setup and Verify Your Venmo Account

  • Open your Venmo app 
  • Click on the “Me” tab 
  • Choose “Settings” 
  • Click on the “Identity Verification” tab 
  • Click “Next” 
  • Fill in your correct Name, Date of Birth, and the last four digits of your SSN 
  • Enter your correct “Home Address” 

Now that you’re done with the first step, the next thing to do is to link and verify your bank account 

How To Link Your Bank Account to Your Venmo Account

Follow these steps to do that 

  • Open your Venmo app 
  • Click on the “Me” tab 
  • Choose “Settings” and select “Payment Methods
  • Click on “Add a Bank or Card“, and select “Bank Account
  • Finally, enter your bank account details, and follow the instructions to verify the account. 

After that, the next thing is to link your Venmo debit card. 

How To Link a Venmo Debit Card 

To link your card, follow the step below 

  • Open your Venmo app 
  • Click on the “Me” tab 
  • Choose “Settings” and select “Payment Methods
  • Click on the “Add a Bank or Card” option, and select “Card” 
  • Finally, enter your card information, and follow the prompts to verify your account.

Once you’re done with the required linking and verification processes, the final step is to add money to the account. 

How To Add Money to Your Venmo Balance from Your Bank Account 

Follow these steps to fund your Venmo balance using your bank account 

  • Open your Venmo app 
  • Head on to the “Me” tab 
  • Go to the “Wallet Section” and select “Manage” 
  • Enter the amount you’d like to transfer 
  • Check and confirm if the bank account you’re transferring from is correct, after confirming, click “Next
  • Finally, click “Add Now” to complete the transaction.

As you can see, your Venmo account has been funded. You can now use the for payment purposes. 

How To Pay With Your Venmo Balance 

This is one thing you need to know before you can use your Venmo balance, you must, first of all, verify your account. 

To know if you’re eligible to use the Venmo balance,

  • Go to the “Me” tab 
  • Go to the “Wallet Section”

Then check if you’ll see “Venmo Balance” located at the top of the screen. If your account is verified you’ll see it. 

Once you’ve money in your balance, you can make payments with it and also make some withdrawals at an ATM. 

  1. You can pay with your Venmo balance using the QR Code. 
  2. You can as well pay with your Venmo Mastercard debit card.
  3. Also, you can pay authorized merchants, using your Venmo balance when checking out from their app or website 

When making a payment using the app, you can use your Venmo balance. This method doesn’t require a debit card. All that’s needed is account verification. 

To use your Venmo balance, follow these steps 

  • Open your Venmo app 
  • Click on the “Me” tab 
  • Tap the “Settings” icon 
  • Navigate to the “Payment Method” located at the bottom of the screen 
  • Change the payment method to “Venmo Balance” and complete the pay 

Note: make sure you’ve enough Venmo balance that can cover your purchases. If there are not enough funds, the money will be pulled from your bank account.

How To Transfer Venmo Balance To Bank Account 

Anytime you receive money on Venmo, it remains there. 

However, you can choose to move the money to your linked bank account. Before you do that, make sure you’re a verified user. 

Follow these steps to transfer money to your bank account 

  • Open your Venmo app 
  • Click on the three (3) horizontal line 
  • Choose “Manage Balance” 
  • Select “Transfer to Bank” 
  • Enter the amount you wish to send 
  • Select the bank account you’re transferring to 
  • You can choose either the “Standard Transfer” which takes 1-3 business days for it to reflect or you select the “Instant Transfer” which reflects immediately. Though it comes with a fee 
  • Finally, confirm the transfer to complete the transaction.

That’s it, your money has been transferred successfully to your bank account. 

Why Can’t I Use My Venmo Balance to Pay?

There are two reasons why you can’t use your Venmo balance to make payments. 

The first one is,

If you’re not yet verified on Venmo, you can’t access the balance section. You can receive money, but you can’t spend the money until you verify your account. 

The second reason is Insufficient balance. If you don’t have enough funds, you won’t be able to use the option. So make sure there’s always enough balance. 


Can I Use My Venmo Balance as a Debit Card?

Yes! The Venmo debit card works hand in hand with the Venmo balance.

With your Venmo debit card, you can pay for purchases directly from your Venmo balance. 

Can I Withdraw My Venmo Balance?

Yes, you can withdraw the funds in two different ways.

First way,

Debit Card: you can withdraw your funds at an ATM with your card. But, there’s a fee and a daily limit placed on it. You can only withdraw a maximum of $400 in a day, the same goes with Cashback. 

Another way to withdraw your money is through an instant transfer to your bank account. Using this method, you’ll be charged a 1.75% fee. (which is $0.25 – $25) per transaction. The good thing is, the money reflects in less than 30 minutes. 

Can You Use Venmo Balance Without a Card?

Yes, it is possible. If your account is verified, and you don’t have a Venmo card, you can make payment directly using your balance. 

You can pay with your Venmo balance using the QR Code at any authorized store in the US 

You can also use the Venmo balance to pay for your purchases during checkouts on authorized merchants’ apps or websites. 


How To Add Money To Venmo – Complete Guide.

How To Unfreeze Venmo Account – Everything You Need To Know.

How To Permanently Delete Your Venmo Account.

How To Make Venmo Transactions Private – Everything You Need To Know.

Everything You Need To Know About Venmo Transaction Limits. 

How To Cancel A Venmo Payment – Everything You Need To Know.

How To Get Money From Venmo Without a Bank Account – Complete Guide.

How To Get Access to Venmo Balance?

To know if you’re qualified to use your Venmo balance,

  • Open your Venmo app 
  • Go to the “Me” icon 
  • Navigate to the “Wallet Section”

If you’re a verified user, you’ll see “Venmo Balance” at the top of the screen in your transaction feed. 


There are ways to use your Venmo balance instead of a card or bank account. Like using the QR code for payment at authorized stores, and during checkout after purchasing using the merchant’s app or website. 

To enjoy this benefit, verify your Venmo account. 

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