Cash App and Venmo are two of the most popular payment apps on the market today. They both allow users to send and receive money with ease. But these two are just an inch in the world of money transfer apps.
With hundreds of money transfer apps that are now available in the world right now, the first one was made available around the 1990s but from that time till now, many have been made available. With the likes of Paypal, Venmo, Cash App, Netspend, Chime, Google pay, Apple pay, just to name a few.
Transfer of money is not usually a big job when it involves several money transfer apps or from one P2P app to the other. But what if you want to transfer money from one app to the other? What if you want to send money from maybe Cash App to Venmo?
In this article, we will walk you through a simple guide on how to transfer money from Cash App to Venmo. We will also provide some tips on how to avoid fees when making the transfer.
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How to Send Money from Cash App to Venmo Easily
Well, in this article we will be showing you how you can send money from Cash App to Venmo rapidly without any issues in three quick steps. Follow the steps provided below;
Step 1: Add your bank account to both Cash App and Venmo
To transfer money from Cash App to Venmo you need to have your bank account linked to both apps. This will allow you to transfer funds between the two apps simply.
To link your bank account to Cash App:
1. Open the Cash App
2. Tap the profile icon in the top left corner
3. Scroll down and tap "Add a Bank Account"
4. Follow the prompt to enter your bank account information
And now to link your bank account to Venmo:
1. Open Venmo
2. Tap the three horizontal lines in the top left corner
3. Tap "Settings" and then "Payment Methods"
4. Follow the prompt to enter your bank account information
Step 2: Transfer Money from Cash App to Bank Account
Before you can transfer money from Cash App to Venmo, you must first of all send the money from the sending account to your bank account before any other step. This is how to send money from Cash App to Bank Account:
1. Open Cash App
2. Tap the “Balance” tab located in the bottom center of the screen.
3. Click “Cash Out” button and enter the amount you want to withdrawal
4. Select the bank account where you want to send the money
5. Tap “Cash Out” again
Step 3: Transfer Money from Bank Account to Venmo
Now that you have sent the funds in to your bank account, you can easily transfer them to Venmo now. Follow the steps below to send money from bank account to Venmo.
1. Open Venmo
2. Click on the “☰” located in the top left corner
3. Click on the “☰” again to open the menu
4. Tap “Manage Balance” and then “Add Money”
5. Enter the amount that you want to transfer from your linked bank account
6. Confirm the transaction.
Once all of these three steps have been completed, you will now be able to use your money in your Venmo Account.
Also just keep in mind that, if you want to send money the other way round from Venmo to Cash App, you will follow the same procedure but the other way round. You will have to send money from Venmo to Bank Account, and from your bank account to your Cash App.
What are some tips for avoiding fees
Even during transfers, there are some things you should not minimize. And so, these are some tips to know and to avoid while transferring money. When transferring money;
- Transfer money during weekdays: Transferring money over a weekend can cause you extra charges. So it's better to transfer money during weekdays to avid high fees.
- Ensure that you use a bank account for the transfer. Transfers using a credit card or debit card will be subject to higher fees compared to a normal bank account.
- Use apps that have no transfer fee. If you are not using a bank account, using apps with no transfer fee, such as Zelle or Google Pay, can save you on transaction fees.
Some Frequently Asked Questions on Sending Cash from Cash App to Venmo
1. Is it safe to send money from Cash App to Venmo?
Yes! Sending money from Cash App to Venmo is very safe since the app producers don't warn their users not to do so.
Also, Cash App and Venmo are very secured apps and if you are sending money between them, then you should not be bothered except of the person you are sending money to, is a scammer who will likely block you after you have send the money.
2. Why Send Money to Venmo?
Venmo is a product of Paypal, and when created, it was made possible to easily make quick transfers for class group projects.
And so, if you are in class and will have to contribute for a classroom project, then sending money to Venmo is the ideal thing at that moment.
3. Does Cash App Accept Venmo?
No! Cash App does not accept any money transfer app and you won't be able to link Cash app to another P2P app directly.
4. Does Venmo Accept Cash App?
Cash App does not Accept Venmo or any other P2P app, meanwhile Venmo does not accept all these money transfer apps apart from Paypal(it's creator).
5. What is the Cash App fee for $100?
Cash App is an application that does not charge for transfers(whether sending or receiving of money). But in some very few cases like using a Credit or debit card for the transfer, they may charge about 3% of the money sent which is at $3 for $100.
6. Does Cash App ask for fees for transfers?
No! Cash App does not ask for fees for normal or standard transfers involving bank accounts. But if it is instead your Debit or credit card rather that your bank account you use, Cash App will charge you about 3% fees.
Also, if you are in for an instant transfer, then cash app could also request for a limited fee which ranges at about 2%.
Final thoughts on how to send money from Cash App to Venmo in Three quick steps
In conclusion, transferring money from Cash App to Venmo is easy as long as you have your bank account linked to both apps.
By following these steps, you'll be able to transfer funds between the two apps seamlessly. Remember to transfer during weekdays, use a bank account transfer, and use fee-free apps to ensure you save on fees as much as possible.