How to Transfer Money from Venmo to A Bank and Then Transfer to PayPal

 

As you know there is no direct way to transfer money from Venmo to PayPal. So, you must transfer funds from Venmo into a bank account linked to Venmo and then moving money from the bank account to PayPal. First, make sure that same bank account is linked to Venmo and PayPal. After linking your bank account, you can initiate a Venmo transfer by clicking "Transfer to Bank", enter the amount you want to transfer.

Then from the linked bank account, you easily move out the funds to PayPal account. This process to send money PayPal to Venmo may seem complicated but it is not. You have to simply take an alternative route. So let’s begin and learn more about it.

 

How do I transfer money from Venmo into a bank account?

1. Venmo and your bank account

Link your Venmo and bank accounts before you can transfer money.

·         Open the Venmo App on your mobile device.

·         Tap the three horizontal lines at the top left corner to access the menu.

·         Here in the Settings tab, select the Payment Method

·         Now select Bank which you want to link

·         Enter the bank account details and then submit

 

2. Transfer money from Venmo into your bank account

Venmo allows you to transfer money to your bank once your account has been linked. Here are the steps to send money from Venmo to bank:

·         Open the Venmo App on your phone.

·         Select "Transfer to Bank" from the menu.

·         Enter the amount that you wish to transfer.

·         At last, select the transfer speed Instant Transfer or Standard Transfer.

 

How do I transfer money from my bank account to PayPal?

1. Linking Your Bank Account to PayPal

Follow these steps to link a bank account to PayPal:

·         Open the PayPal app

·         Click Wallet

·         Here select the bank you wish to link

·         Enter the bank account details and submit it.

 

2. Transferring money from your bank account to PayPal

After linking the bank account, you can transfer money from bank to PayPal account.

·         Open the PayPal app

·         In the Wallet Menu select option to Transfer money

·         Enter the amount that you wish to transfer.

·         At last, select the transfer speed Instant Transfer or Standard Transfer.

 

 

FAQ

How to transfer money from Venmo to a bank?

To transfer money from Venmo to bank you need to link a bank account and then move out funds from Venmo to bank.

 

How to transfer money from Venmo to PayPal?

There is direct way to transfer money from Venmo to PayPal. Transfer the money to your PayPal account from your bank by linking your PayPal account with your bank and initiating a transaction.

 

Does PayPal own Venmo?

Yes, PayPal owns Venmo. PayPal acquired Venmo in 2014 as part of the Braintree acquisition.

 

How to link Venmo to PayPal?

You cannot directly link Venmo to PayPal. Instead, you can link a common bank account between both these apps.