With Direct Deposit on Venmo, paychecks can show up in your account up to two days early¹. Jackpot!
It’s your money. You’ve earned it. So why wait to enjoy it? Banks usually add a day or two for processing, but we get your money to you as soon as we have it from your employer². All without extra fees.
With Direct Deposit, you can use your hard-earned money to settle up with friends fast, shop with the Venmo Debit Card right away, or pay with Venmo on your favorite mobile sites and apps.
Open the Venmo app and go to Settings → Direct Deposit for your account and routing numbers.
Fill out your employer’s Direct Deposit form with your account and routing numbers from the Venmo app.
Choose how much goes in your Venmo account — your whole paycheck, or just some.
Open the Venmo app and go to Settings → Direct Deposit for your account and routing numbers.
Fill out your employer’s Direct Deposit form with your account and routing numbers from the Venmo app.
Choose how much goes in your Venmo account — your whole paycheck, or just some.
We keep it simple and transparent. Get your money fast,¹ and there's no fee for using Direct Deposit.
You could even get your tax refund up to 5 days early.³ Simply file your taxes with your Venmo routing and account number, and we’ll do the rest.
If you have added money to your Venmo personal account using Direct Deposit, or the cash a check feature, or have bought cryptocurrency with your Venmo account, we will place your U.S. dollar Venmo funds in one or more Program Banks, where they will, subject to certain conditions, be eligible for pass-through FDIC insurance, up to applicable limits. FDIC insurance protects against the failure of a Program Bank, not the failure of PayPal, which provides the Venmo service. PayPal is not a bank, does not take deposits and is not FDIC insured. Any other Venmo account funds and all cryptocurrencies are not held in FDIC-insured bank deposits. Cryptocurrencies may lose value. See Venmo User Agreement.
Venmo is the simple, social
way to pay and get paid.
Move your money in and out of
your Venmo account easily.
Use Venmo just about
anywhere you shop: in apps,
in-store, and online.