Asked by: Thurman Halip
personal finance credit cards

Can I have multiple venmo accounts?

Last Updated: 22nd March, 2020

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The short answer: Yes, you can both havethat bank account added to your Venmo accountswithout causing issues. But it's limited to two accounts atonce. To take advantage of this option for those with jointaccounts, all you have to do is make a newVenmo account and add your bank information.

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Correspondingly, can I have more than one venmo account?

Venmo does not currently allow two separate usersto have the same bank account added to theiraccounts for security reasons. If you'd like to transfer thejoint bank account from one Venmo account to theother, we can help!

Similarly, can I have a personal and business venmo account? As a peer-to-peer service, Venmo is free forusers who use a debit card or bank account. If they pay witha credit card, though, users pay a 3% fee. However, if they pay youas a partner business, consumers can use any type ofaccepted payment. Venmo charges businesses 2.9% ofthe transaction plus $0.30.

Regarding this, how do I set up a second venmo account?

Adding a Bank Account

  1. Tap the "☰" icon in the upper left hand corner of theapp.
  2. Tap “Settings” and then “PaymentMethods”
  3. Tap “Add a bank or card” and then select“Bank”
  4. Select your preferred verification method.

Can you have more than one cash App account?

If you have multiple businesses or needindividual separate accounts, you have the ability tocreate multiple accounts and use the same mobile device,reader, and bank account. You can only linkone bank account per Square account, butindividual Square accounts can share a bank accountif needed.

Related Question Answers

Zenona Tenhaven

Professional

How do I create a new venmo account with the same number?

If you have a new phone number, here aresome steps to update it. First, from a computer, head towww.venmo.com and enter your username, email address or oldphone number along with your password. You'll see a screenthat offers to send the 6 digit sign in code to your old phonenumber.

Florindo Sasu

Professional

How do I verify my venmo account?

Simply select “Manual Verification”instead of “Instant Verification” and you'll beall set. When you add your bank account to Venmomanually (with your routing and account number), we'll sendmicrotransfers to your bank account to verifyownership (these will be less than $1 each).

Alec Gebauer

Professional

Can you add a second email to venmo?

If someone sends a payment to an email addressthat isn't already signed up on Venmo, then you canclaim those funds by adding that email address as asecond email address in your Venmoprofile.

Harminder Carchi

Explainer

Will venmo overdraft my bank account?

When the purchase is completed, if you do nothave enough funds in your Venmo balance to cover yourpurchase, we will reload your balance from your bankaccount. To avoid any overdraft or other fees imposed byyour financial institution, make sure you have enough funds in yourbank account to cover your reload.

Stana Lichtenthal

Explainer

Can you delete a venmo account?

In order to close (cancel) your Venmo account,please follow this link from a desktop computer browser and click“Close my Venmo account" at the bottom of the page.You'll need to transfer any funds in your Venmoaccount to your bank account before deleting youraccount, or return the funds to the sender.

Ouida Udroiu

Explainer

Is it safe to link bank account to venmo?

When dealing with friends or paying a reputablebusiness, Venmo is (for the most part) safe. Safestfunding methods: The safest way to use Venmo is to use acredit card as your primary funding method (as opposed to using adebit card, or a direct link to your bankaccount).

Susagna Tenezaca

Pundit

Can I use venmo without a bank account?

Even popular P2P apps like PayPal, Venmo, andSquare Cash require users to connect to a bank account.Regardless of your reasons, you can still send and receivefunds as well as pay your bills without having a bankaccount through the following techniques.

Egiarte Harnisch

Pundit

Can you pay bills with venmo?

You Can Now Use PayPal's Venmo To PayMerchants. PayPal recently laid out its plans to startmaking money from one of its fastest growing digitalpayment apps, Venmo. The service lets people linktheir debit and credit card accounts online and digitally transfermoney to anyone.

Odeta Polaina

Pundit

Can you make a venmo account without a phone number?

In order to use Venmo to the fullest, it's bestto verify your phone number and email address as soon asyou sign up. Without a verified phone number,you won't be able to transfer funds to your bankaccount or send/request payments.

Rufo Elleouet

Pundit

Can you log into venmo on a computer?

Simply sign in to the site over at Venmo andyou will be able to see your feed. You can alsomanage your account settings (profile, payment methods, etc.) onany normal computer via the internet browser on theVenmo site.

Urso Holzapel

Pundit

Can you venmo yourself from one card to another?

Pay yourself on Venmo from that same bankaccount. (You can also use a debit card). Transferthe funds to the intended bank account from your available balancein Venmo. It should only take one business day toprocess and clear your bank for use.

Migel Gan

Teacher

What is venmo account?

The money can be drawn from the in-app Venmobalance, an associated debit or credit card, or a linked bankaccount. The second is a debit card, the Venmo card,which draws directly from a user's Venmo balance. This cardoperates through Mastercard and can be used at any business thataccepts Mastercard.

Demetria Aldavero

Teacher

Is venmo owned by PayPal?

Venmo is a mobile payment service owned byPayPal.

Elsie Fritzges

Teacher

Can I change my venmo name?

Once you're logged in to the app, tap the "☰" iconin the upper left hand corner of the app. Your usernamewill be displayed under your full name and tothe right of your profile picture. From the web, click hereor “Edit Profile” in the upper right hand cornerof the screen to view or edit your username.

Sugoi Avanzi

Teacher

Does venmo report to IRS?

This is because this income is considered taxable andmust be reported to the IRS. Venmo will NOT send youa 1099-K form as its parent company PayPal might if you havereceipts totaling over $20,000. That's why it's extremely importantto report individual payments made by the Venmo appin excess of $600.

Lavonda Raumschussel

Reviewer

Can I use venmo for my small business?

Venmo may NOT otherwise be used to receivebusiness, commercial or merchant transactions, meaning youCANNOT use Venmo to accept payment from (or send payment to)another user for a good or service.

Navid Serafi

Reviewer

Why did venmo freeze my account?

Temporarily Frozen Account. If you received anemail that a recent transaction you made from a bank accounthas failed, you'll want to login from a computer and head tovenmo.com/recover to resolve the issue. Your accountwill also be temporarily frozen until the funds are paidback.

Geronima Ramallo

Reviewer

How is Zelle different from venmo?

Zelle. Zelle is peer-to-peer paymentsystem targeting mobile majority as an alternative to cash andchecks.. Payment transactions occur within minutes, which is fasterthan other apps, like Venmo. Online banking customerswho have accounts at participating banks can send money toanyone.

Luken Ancin

Reviewer

Which is better venmo or PayPal?

Venmo has also branched out into traditionalbanking services, albeit in a more limited capacity thanPayPal. Venmo is free to use. Credit card paymentsare subject to the 3% percent transaction fee that the card companycharges, but debit card payments and transfers from a user'sbalance cost nothing.