Last Updated on November 16, 2022
Can you send money from Venmo to Zelle? This article explains whether or not you can send money from Venmo to Zelle.
While Zelle is a virtual money transfer service that enables you to pay merely by providing the recipient’s email address or mobile number, Venmo is a terrific payment app that makes it simple to send payments to friends, family, and other individuals with a social touch.
Can you send money from Venmo to Zelle?
By including the Venmo debit card as a payment option in the Zelle App, you can send money from Venmo to Zelle. In this method, you can use the Venmo balance to send money to Zelle.
Venmo is a payment app rather than a bank; it, however, provides a debit card that can be linked to Zelle. The Venmo debit card must be added as a payment option on the Zelle app. However, there is no way to use Zelle within the Venmo app.
How to Use Venmo with Zelle and Add a Venmo Debit Card
- Download and set up the Zelle application.
- Use your registered email address or mobile number to register.
- Tap the gear icon in the top left corner of the home screen to access the menu.
- Next, select “Account” from the menu.
- If you’ve already connected a bank account to Zelle, it will display that account and give you the option to “Switch Accounts.” Select this by tapping on it.
- The next step is to enter your Venmo debit card information, including the number, CVV, and expiration date.
- Afterward, enter the billing address connected to your Venmo card.
- You will receive a notification confirming the updated card information.
Make sure the information you are entering exactly matches the card information that Venmo has on file. This comprises:
- The name that is on your debit card
- Address, location, and zip code
- Debit card number
- Date of expiration
- CVV number
Only use Zelle with individuals you trust is the recommended policy. It offers no buyer protection and does not store any money on account. Therefore, refrain from using it when transacting business or making purchases.
Although both mobile apps are made to send and receive money from family and friends, they serve different purposes.
The Zelle and Venmo smartphone applications are similar and can be used by small company owners to accept payments from their clients.
How Do Zelle And Venmo Function?
Zelle and Venmo mobile applications are not directly compatible with one another because of the way they are both created.
However, you can use both payment systems in a back-and-forth manner by using a different system, such as your MasterCard or Visa credit card.
Are Venmo and Zelle money transfers safe?
Both applications have security mechanisms set up that make them secure for everyday use and peer-to-peer exchanges.
However, because canceling a transfer or getting your money back might take some time, the authorities still strongly advise users to only send money with accounts they trust.
Online money app scams and frauds have also increased in frequency. As a result, it is always advised to use caution when making financial transactions. Do not solely rely on the app’s security measures. Instead, pick a secure password, enable fingerprint verification, set up OTP for transaction confirmation, and so on to add an extra layer of security.
Can You Send Money to Venmo through Zelle?
Transfers to numerous peer-to-peer payment apps are supported by Zelle. The move from Zelle to Cash App is a typical illustration. However, you are unable to transfer money from Zelle to Venmo.
It is not that Zelle only supports in-network transfers i.e. Zelle to Zelle but, as per the current features and policy, you can not send money to Venmo directly.
How does a transfer from Zelle to Venmo work?
You are aware that Zelle is connected to a bank account and that you can transfer money between Zelle and the connected bank at any time. After that, you can either send money to your friend’s Venmo account or their bank account using bank transfer. In order to have the money paid to their Venmo later, they can use their bank to send themselves a Venmo.
Even if you don’t have a Zelle account of your own, you can still send money to other Zelle accounts.
Nearly all of the top banks in the US embrace Zelle. You can transfer money to another person’s Zelle account using your bank account, however, to make the procedure simpler, I advise downloading the app and signing up.
You could link your VISA or Mastercard as an alternative if the bank you use does not offer Zelle. This is a wonderful option to use Zelle if you don’t have an account with one of the banks that qualify because it will limit the amount of money you can transfer to $500 each week.
What can Venmo not do?
You must be physically situated in the United States and have a U.S. cellphone that can send and receive text messages in order to use Venmo, therefore international transactions are not permitted.
Unless the recipient is not a Venmo user, it is not possible to cancel a payment that has already been sent. You have a few choices if you unintentionally sent the wrong amount or the wrong contact money: You’ll need to either send that user a request for the same amount along with a note asking them to reimburse you for the money you unintentionally sent, or you’ll need to use Venmo to make the request.
However, keep in mind that Venmo states that it cannot guarantee that it will be able to recover the money.
What are Venmo’s fees?
Sending money from your linked bank account, debit card, or Venmo balance is free. If you receive money through Venmo, you can transfer it for free by conventional bank transfer (1–3 business days) or for 1.75% via immediate transfer to your bank account or debit card.
You have it, then. Even while there isn’t a direct way to send money from Venmo to Zelle, you can still add a Venmo debit card as a payment method to your Zelle account, giving you the option to use the Zelle transfer service and send money to your friends and family who also have a Zelle account.