How to set up Venmo?

Nowadays, people want their job to be done instantly without waiting in lines for making and transferring money. To solve your problems there is an app named Venmo which is a healing agent for users. This app transfers your money whenever you want but make sure that your account has enough funds to transfer.

Though it’s easy to move funds to family, friends, or merchants, before that first you need to set up the account. 

As of now, you might be pretty much interested in setting up an account on Venmo

How do I set up the Venmo account?

If you want to set up an account you need to understand the steps that we will be discussing on this page. There are simple steps that anyone can learn but you need to be careful of entering correct details so that no issues might hinder you from setting up.

Let’s have a look at the steps mentioned below:

  1. Download the appFirst and foremost, go to the store on your mobile and download the Venmo app. Then install and click on the app to open.
  2. Select an optionAs the page pops up, go to the bottom and select either “Sign up with Facebook” or “Sign up with email”.
  3. Provide the detailsThe next step is to provide the details according to the selected option. If you choose email then provide the first and last name, email address, and password. And if selected Facebook sign in then you will directly enter the account with the Facebook details. Tap the “Continue” tab and give the app permission to access.
  4. Go through the instructionsAs you proceed you will get the instructions on the app about how Venmo functions and the terms and policies. Read the policy carefully and after that hit on the “Next” tab. Now you will be asked to read the agreement of the user and its privacy policy and lastly, click the “Next” tab.
  5. Enter the mobile numberIn order to receive a code for verification, you need to enter a valid mobile number. In the text message, you will receive a 4 digit code. Type it in the field specified and click on “Submit Code”.

    After this, your account has been created. You can log in using the credentials.

    If you want the account for Business purposes then create a business profile.

    The following steps are required to be followed:-

    i) Select the “Business” tab.
    ii) Click the “Sign up” option. 
    iii) Next, select the option “Get Started”.
    iv) Now, enter the name, email, and password.
    v) After that click the “Agree” tab and next enter the mobile number. Then click on the option “Send Code”.  
    vi) You will receive the code instantly. Enter the code and click “Submit Code”. With this, the business profile is created successfully.

How can I sync the Contacts to the Venmo account?

After creating an account you need to sync the contacts so that you can see who in your contacts are using the Venmo account. 

i) Link the Account to the Facebook

In case you log in using the email then you can link the Facebook account afterward. If you wish to link then click the “OK” button or reject by tapping the “Not Now” option.

ii) Sync the Phone Contacts

Click the “Next” tab.

iii) Click on Privacy Information

Tap on “You’re in control” and next click on the “Done” tab. 

After creating the account then syncing the contacts now the most important one add a bank account.

The following instructions are to be followed:-

  1. Tap the 3 bars available on the homepage of Venmo. Click the “Transfer Balance” option.
  2. Two options will be available, select 1 to 3 working days or “Instant” transfer.
  3. As you proceed you will see a menu popped up called “Bank Verification”. Select Manual Verification and Instant Verification as per your need. Smaller bank or credit union are verified through Manual Verification and provide the routing and account number. It will usually take 3 days to complete the process. Whereas major banks are verified through “Instant Verification”. Just go to the bank site and sign in and link the Venmo account.
  4. Click the “Continue” tab twice if selected Instant Verification. In this case you are allowed to concede the proof that Venmo use the Plaid app in order to link to the bank.
  5. Choose the bank from the list available. If the bank is not listed then type the name in the search bar. If still you did not find the bank then try Manual Verification.
  6. Enter the details that you used online banking and this will enable you to link the Venmo ti the bank account. Gio through the instructions on the screen and complete the procedure.

How to set up a second Venmo account?

If you want to add two Venmo accounts with a single bank you can do so. The first person with the account already registered will get a notification asking for permission to add the account. You can create a second account and add a bank account.

Here are the instructions that you need to follow:-

  • Open the app using Android or iPhone gadgets.
  • Click on the 3 bars stacked together.
  • Choose Payment Methods.
  • Next, hit on the add a bank or card option.
  • Then click on Bank option.
  • Pick either Manyal or Instant verification.
  • Now follow the instructions as shown on the display screen.

Can you set up automatic recurring payments on Venmo? 

The answer is No, as Venmo doesn’t provide this preference at the current period.

Conclusion

Setting the account on Venmo is quite easy. If you want the process to progress smoothly without an error then follow step by step and complete the procedure. You need to link the bank so that as soon as you set up the account you can start transferring the funds on the app.

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