Do you have a bank account? Maybe not. In 2021, it’s possible to use debit cards and credit cards without having a traditional bank account. Venmo is one of those apps which allows you to send money from your phone or computer with only an email address as validation.
The good news is that there are no fees for depositing money into your Venmo account, so the best way to get cash from Venmo without opening a bank account is by using their “Pay With Debit” option!
All you need to do is link your debit card and then transfer any amount of money over $10 back out of your Venmo wallet onto the card – instant cash! In this article, I’ll be going through how to get money from Venmo without a bank account.
Can You Get Money From Venmo Without a Bank Account?
Yes, if you’re willing to transfer the money you’ve received back onto your debit card. This option allows you to receive cash into an account without having a bank account or credit history. It’s not that difficult, and there are no fees for doing this either, which is fantastic news!
The best thing about Venmo is that you can now use it for shopping without having to wait 3-5 business days to receive cash into your account. It would help if you used the “pay with debit” option in order to get money from Venmo without a bank account.
How To Get Money From Venmo Without Bank Account?
Here we explain the easy way that how to get money from Venmo without a bank account.
Launch the Venmo app and
Firstly you have to launch the Venmo app on your phone and sign up with a username and password. Once you’ve done this, go to the “Balance” tab along the rear of your screen.
Then press it from right to left until you see it say “Pay with debit.” Click that option and then put in how much cash you want to add to your card. Within a few seconds, the money will be added to your card.
Complete the identity verification process
The next step is to complete the identity verification process with your photo ID. If you already have a Venmo account, then this step will be effortless as you can use your phone number and email address which will be used for payment. However, I suggest using a backup phone number or an old email address to set up the account.
Once you’ve sent the verification to your phone, go back onto Venmo and click “Verify Identity.” Then put your information and take a photo of yourself with your ID next to the computer screen. Once this is done, please attach it to the email that appears on your phone and then verify it all over again.
Apply for Venmo’s MasterCard debit card
This step isn’t actually mandatory, but it becomes more accessible if you want to shop with Venmo. All you need to do is go onto “Settings” and then click on the “Linked Accounts” tab. Click “Add Credit or Debit Card.” On the next screen, put all of the information and apply. You’ll then need to wait a few days for it to be approved, and then you can go shopping!
Get the Venmo card delivered to your apartment/house
Once you’ve set up the card, scour the “Settings” option and then scroll to the foot. Click that and then click “Link Credit or Debit Card.” Enter your details again to get another card delivered on this page, which is your Venmo debit card!
You can also choose when this card arrives, so you can get it the same day and then use it to get cash! This card is fantastic because you can now play with it at any store, inside restaurants, and even in the grocery stores.
It doesn’t matter if your credit card is declined anywhere because this will just go through as a Venmo payment which means that you can now use it as a debit card. It is the most significant way to get cash from Venmo without opening a bank account!
Visit a MoneyPass ATM near you
This is another way to get money from Venmo without a bank account. There are over 24,000 MoneyPass ATMs across the US where you can go and withdraw your cash.
You’ll find them in McDonald’s, Walgreens, and Walmart too! The most attractive about withdrawing with MoneyPass is that there are fees-free whatsoever. This is such a fantastic feature, and it makes getting cash from Venmo that much easier.
Insert your Venmo card into an ATM
Firstly, you need to have a Venmo card that has been linked up with your account. Once you have this, go into the “Settings” option again and then click on the “Link Credit or Debit Card.” Input in your information here once more so that an ATM card is made available to you.
Once this card arrives, you can then insert it into an ATM to get your cash. There are fees-free whatsoever, which is fantastic. With this method, however, the only really great thing is that you won’t have to withdraw hundreds of dollars at a time because there will be limits on how much you can get out.
If you enjoy traveling, then this might be a good feature for you to have. You can also get money from your friends on Venmo by using a debit card, which will make things easier if they don’t have one themselves.
Enter the amount you want to withdraw from an ATM
Another method of getting cash from Venmo without a bank account is using the “Enter Amount” option at an ATM. This means that you can enter in how much you want to get out, and then the maximum amount that it’ll be allowed to withdraw is around $600. At some ATMs, however, this will be unavailable, so it might not always work.
Enter the card PIN at an ATM
Some ATMs have the option to get cash with your PIN. With this method, you’ll need to get a separate card with your PIN attached to use it on the machine.
This is another popular way of getting rewards credit cards from Venmo without having a bank account! These are all great methods for getting cash out of Venmo without having to get a bank account. So, if you’re looking for money from Venmo without opening up an account, then these are definitely worth trying!
Take cash from the machine
An alternative method of getting cash from Venmo without having a bank account is to take the money out from the ATM itself. This means that you won’t need to input any information or cards in order to get your cash, and it’s surprisingly easy.
Firstly, go into the “Settings” option on Venmo and then click on the “Link Credit or Debit Card” button. Input in your credit/debit card details and, once this is done, you’ll be able to take out cash from the ATM with no fees whatsoever!
This is fantastic because it means that you can get the maximum amount of money every time without paying any extra money whatsoever.
This is another excellent method for getting money from Venmo without having to sign up for an account. It’s really simple and easy to use, so you should give it a try.
How to Get the Venmo MasterCard Debit Card
Another option for getting money from Venmo is to get a Venmo debit card. This will allow you to input your details online and buy items directly with your balance, so this might not be great if you lose it! It’s restricted and available in the United States at this time, but that should be changing soon.
To get started, go to the “Settings” option on Venmo and then click the little cogwheel next to your profile picture. To get hold of this debit card, select the option “Add Venmo Debit MasterCard.”
Once you’ve clicked this, it’ll begin the account verification process, and then you’ll also be required to select the state that you’re from. You can receive your card within ten days as soon as this is done, with free shipping right to your door!
This is one of the most convenient ways of getting money from Venmo without a bank account because it’s like an ATM card, but it also functions as a regular card. It’ll make your life much easier when you have the required money from Venmo without opening up a bank account!
That’s it for this article on how to get money from Venmo without a bank account. It’s a straightforward process, and there are many options that you can use, though some might have fees attached.
However, the best option that we’d recommend is to use an ATM card or debit card because you’ll be able to keep your balance safe and withdraw maximum money each time.
If you’re not in the United States, you might not be able to get hold of this kind of card because it’s only available for residents of the USA. However, there are plenty of other ways to get your money, so keep trying until you find one that works!
Venmo is a convenient way for transferring large amounts of money because it’s free and easy to use. But sometimes, you need some cash instead of just virtual dollars.
Maybe you want to buy something or go out for a meal with your friends. You can’t just write them an IOU or send some cash through the mail, so here are nine different ways of getting money from Venmo without having to open up a bank account!
What Are The ATM Withdrawal Fees for Venmo Debit Cards?
As mentioned in the article, you can use a Venmo card at ATMs to withdraw cash for free. Unfortunately, not all ATMs are accessible. If you find an ATM that isn’t owned by your bank or credit union, then it’s likely that there will be fees associated with using it.
The Venmo website states that ATM fees are always zero when you use the accessible in-network ATMs. But this isn’t entirely true. If you check out this Reddit thread, there are reports of people being charged $3-$5 for using in-network ATMs owned by Wells Fargo!
The same goes for Foreign currency ATMs, where fees can be as much as $10 per withdrawal! If you still want to use an out-of-network ATM, the Venmo FAQs suggest that you call Venmo customer service and ask for fee waivers.
This is likely why many people suggest that it’s easier to use a bank account than a Venmo card. Unless you’re happy to check before each withdrawal the fees associated with the ATM, it’s probably a good idea to use your bank account instead of a debit card issued by Venmo.
There you have it, nine ways of getting money from Venmo without opening up a bank account. Some are simple, and some are more complex, but all these methods will help you get your hands on that sweet, sweet cash.
I’ve used Venmo for years now and had never heard of the “cash-out” option. I always made purchases with my debit card directly linked to the app. With that being said, I have received money for selling items on eBay and Craigslist, but I’ve always just sent that money back to my linked bank account immediately.