If you’re wondering how to transfer money from Venmo to Cash App, you’re not alone. With the rise of digital payments, more people are using peer-to-peer payment apps like Venmo and Cash App to send and receive money. Both of these apps are convenient and easy to use, but what if you need to transfer money between them? In this article, we’ll show you how to transfer money from Venmo to Cash App step-by-step.
1. Understand the Limits and Fees
Before you transfer money from Venmo to Cash App, it’s important to understand the limits and fees. Venmo allows you to send up to $4,999.99 per week, while Cash App has a limit of $7,500 per week. Both apps charge a 1% fee for instant transfers, but Venmo also offers free standard transfers that take 1-3 business days to complete.
2. Link Your Bank Account
To transfer money from Venmo to Cash App, you’ll need to link your bank account to both apps. This is a simple process that involves entering your bank account information and verifying your identity. Once your bank account is linked, you can use it to transfer money between Venmo and Cash App.
3. Transfer Money from Venmo to Bank Account
The first step in transferring money from Venmo to Cash App is to transfer the money from Venmo to your bank account. To do this, follow these steps:
- Open the Venmo app on your phone
- Tap the “☰” icon in the top-left corner of the screen
- Tap “Transfer to Bank”
- Enter the amount you want to transfer
- Tap “Instant” or “1-3 Biz Days”
- Select your bank account
- Tap “Transfer”
If you choose the “Instant” option, Venmo will charge a 1% fee. If you choose the “1-3 Biz Days” option, the transfer will be free but will take 1-3 business days to complete.
4. Transfer Money from Bank Account to Cash App
Once the money is in your bank account, you can transfer it to Cash App. To do this, follow these steps:
- Open the Cash App on your phone
- Tap the “Balance” tab on the home screen
- Tap “Add Cash”
- Enter the amount you want to transfer
- Tap “Add”
- Select your bank account
- Enter your bank account login information
- Tap “Confirm”
The money should now appear in your Cash App balance.
5. Verify the Transfer
After you transfer the money from Venmo to Cash App, it’s important to verify that the transfer was successful. Check your Venmo and Cash App transaction histories to make sure the money was debited from Venmo and credited to Cash App. If you have any issues, contact customer support for either Venmo or Cash App.
Conclusion
Transferring money from Venmo to Cash App is a simple process that can be done in a few steps. Make sure you understand the limits and fees, link your bank account to both apps, transfer the money from Venmo to your bank account, transfer the money from your bank account to Cash App, and verify the transfer was successful.
