Venmo instant transfer gives users the instant access to funds. It usually completes within minutes. This feature allows users to transfer money directly from their Venmo accounts to their linked bank account or an eligible debit card. The standard transfer process usually takes between 1-3 days. However, the actual transfer time can be different for each user. And, the exact time for Venmo transfers, depends on factors such as bank processing time and additional security checks.

Venmo can hold a transaction for review if it detects unusual activity or security concerns, which may cause slight delays. There is also fee for Instant Transfer Venmo service. The fee is 1.75%, with a minimum of $0.25 and a maximum fee of $25. So, let’s begin and learn more about it.

How Venmo Instant Transfer Works?

Venmo instant transfer allows users to send money from their Venmo accounts to a bank account or a debit card that is eligible within minutes. This is much faster than the traditional bank transfer, which takes between 1-3 business days.

Instant transfer Venmo is only available to those who meet the following criteria:

• You must have a good account with no restrictions.

• Venmo requires a valid bank account or debit card.

• Instant transfers must be supported by the linked debit card/bank.

How to Use Venmo Instant Transfer Feature?

Here is how to use the instant Venmo transfer feature:

• Open the Venmo Account on your mobile device.

• To access the menu, tap the three horizontal lines in the upper left corner.

• Choose "Transfer to bank" to start a transfer.

• Enter the amount that you would like to transfer.

• Select "Instant" to ensure that the transfer occurs quickly.

• Confirm the Transfer Review the details of the transfer and confirm it. Within minutes, the funds should be in your account.

What are the Venmo instant transfer fees?

Despite its speed there is also the Venmo instant transfer fee. Venmo's standard fee is 1.75%. The fee for Instant Transfers starts at $0.25, and the maximum fee per transfer is $25. This fee will be deducted from your transfer amount.

What do you do if Venmo instant transfer is not working?

Sometimes you may see that Venmo instant transfer not working. Here is what you need to do:

• First of all, verify that your bank account or debit card supports instant transfers.

• Sometimes, Venmo transfer may not be working due to security reviews. Venmo Support can help if the transfer takes longer than 30 mins.

• Recheck all the details which entered for transfers.

• Check the mobile or Wi-Fi connection.

• At you can reach out the Venmo support team for resolving these issues.

FAQs

How much does Venmo Instant Transfer cost?

Venmo charges an instant transfer fee of 1.75%, with a minimal fee of $0.25 up to a maximum of $25.

How long does Venmo Instant Transfer take?

Venmo instant transfers are usually completed in minutes.

Can I use Venmo Instant Transfer with any bank account?

Only bank accounts or debit cards with instant transfer capabilities are eligible. Check that your linked accounts work together.

What should I do if my Venmo Instant Transfer is delayed?

You can need to contact the customer support team if the Venmo instant transfer delayed.

Are there any alternative methods if Venmo Instant Transfer fails?

If the Venmo instant transfer does not work, you can choose the standard option. This usually takes between 1-3 days, but there is no additional charge.