You want to send money from your Chase Bank account to Venmo, and you're looking for a comprehensive guide to make that happen smoothly. You've come to the right place! While there isn't a direct "Chase to Venmo" transfer button within your Chase banking app, the process is incredibly straightforward and involves linking your Chase account to Venmo. Let's dive in!
Sending Money from Chase Bank to Venmo: Your Complete Step-by-Step Guide
Hey there! Ready to get your money moving from Chase to Venmo? Don't worry, it's simpler than you might think. We'll walk you through each step to ensure a smooth transfer. Let's get started!
Step 1: Get Your Venmo Account Ready (Or Set One Up!)
First things first, you need a Venmo account. If you already have one, fantastic! You can skip ahead to the next section. If not, let's get you set up.
Sub-heading: Creating Your Venmo Account (If You Haven't Already)
Download the Venmo App: Head over to your smartphone's app store (Google Play Store for Android or Apple App Store for iOS) and search for "Venmo." Download and install the official app.
Sign Up: Open the app and tap "Sign Up." You'll be prompted to enter your phone number, email, and choose a strong password. You can also sign up using your Facebook account, which can make connecting with friends easier later on.
Verify Your Information: Venmo will likely send a verification code to your phone or email. Enter this code to confirm your account.
Create a Profile: You'll be asked to create a username and can optionally add a profile picture. Your username is how others will find and send money to you.
Step 2: Link Your Chase Bank Account to Venmo
This is the crucial step where you connect your financial institutions. There are two primary ways to do this: Instant Verification or Manual Verification. Instant verification is usually faster and recommended if available.
Sub-heading: Option A: Instant Verification (Recommended)
This method uses your Chase online banking login credentials to quickly verify your account.
Open the Venmo App: Log in to your Venmo account.
Navigate to "Me" Tab and "Wallet": Tap on your profile picture or initials (usually in the top right or bottom right corner) to go to the "Me" tab. Then, tap on "Wallet" (or "Payment Methods" depending on your app version).
Add a Bank or Card: Look for an option like "Add a bank or card" and tap it.
Select "Bank": Choose the "Bank" option.
Search for Chase: Venmo will present a list of popular banks. Search for "Chase" or "JPMorgan Chase Bank, N.A." and select it.
Log In to Chase: You'll be redirected to a secure Chase login page within the Venmo app (powered by a third-party service like Plaid). Enter your Chase Online User ID and Password.
Choose Account to Link: If you have multiple Chase accounts, select the checking or savings account you wish to link to Venmo.
Confirm: Follow any on-screen prompts to confirm the connection. Venmo will confirm once your Chase account is successfully linked.
Sub-heading: Option B: Manual Verification (If Instant Fails or is Unavailable)
If instant verification isn't an option or you encounter issues, you can manually link your bank account using your Chase account and routing numbers.
Follow Steps 1-4 from Instant Verification: Open the Venmo app, go to "Me" tab, then "Wallet," and tap "Add a bank or card," then "Bank."
Choose "Manual Verification": Instead of searching for your bank, look for an option like "Link with account and routing number" or "Don't see your institution? Fill in the account info yourself."
Locate Your Chase Account and Routing Numbers:
Online Banking: Log in to your Chase online banking account. You can usually find your routing and account numbers by clicking on your checking or savings account details.
Checks: Your routing number is the nine-digit number at the bottom left of your checks. Your account number is typically the number next to it.
Enter Details in Venmo: Carefully enter your Chase routing number and account number into the Venmo app.
Micro-deposit Verification: Venmo will send two small "micro-deposits" (usually a few cents) to your Chase account within 1-3 business days.
Verify Deposits: Once you see these small deposits appear in your Chase transaction history, return to Venmo. Go to your "Wallet" and tap on the linked Chase account. You'll be prompted to enter the exact amounts of the two micro-deposits to verify your account. Do not enter your check number as your account number; this will cause issues.
Step 3: Send Money from Venmo Using Your Linked Chase Account
Now that your Chase account is linked, you can easily send money!
Open the Venmo App: Log in to your Venmo account.
Tap the Pay/Request Button: This is usually the central button at the bottom of the screen.
Select Recipient: Choose the person you want to send money to from your Venmo friends list, or search for their username, phone number, or email.
Enter Amount: Input the amount of money you wish to send.
Add a Note (Optional): It's good practice to add a note explaining the payment (e.g., "Dinner," "Rent," "Gift"). You can also choose the privacy setting for this note (Public, Friends, or Private).
Choose Payment Method: This is a critical step to ensure you're using your Chase account. Below the amount, you'll see your default payment method. Tap on it to reveal your linked payment methods. Select your linked Chase checking or savings account.
Important Note on Fees: Using a linked Chase checking or savings account (or debit card) to send money on Venmo is generally FREE. However, if you link a Chase credit card and use it to send money to individuals, Chase typically treats this as a cash advance. This means you'll incur a cash advance fee (often $10 or 5% of the transaction, whichever is greater) and immediate, higher interest from Chase. Always use your debit card or linked bank account to avoid these fees.
Review and Send: Double-check all the details: recipient, amount, and selected payment method (your Chase account). Once confirmed, tap the "Pay" button.
Step 4: Confirm the Transaction
Venmo will process the payment. You'll receive a confirmation in the app, and the transaction will appear in your Venmo activity feed. The money will be debited from your Chase account.
Important Considerations for Smooth Transfers
Verify Identity on Venmo: Venmo has limits on how much you can send and transfer to your bank. These limits are significantly higher if you complete Venmo's identity verification process. This typically involves providing your legal name, date of birth, and the last four digits of your Social Security Number.
Transaction Limits:
Sending Money: For verified personal profiles, weekly sending limits can be as high as $60,000, though individual transaction limits can vary (e.g., $10,000 to $60,000 per transaction depending on PayPal limits which Venmo is related to).
Transferring from Venmo to your Bank: If your identity is not verified, you can transfer up to $999.99 to your bank per week. If verified, limits are up to $5,000.00 per individual transfer and up to $19,999.99 per week.
Processing Times:
Sending Money (from Chase to Venmo): When you send money from your linked Chase bank account, the money appears in the recipient's Venmo balance instantly. The debit from your Chase account typically takes 1-3 business days to reflect.
Standard Transfers (from Venmo to your bank): If you receive money on Venmo and want to transfer it to your Chase bank account, a standard transfer is free and usually takes 1-3 business days. Weekends and holidays are not included.
Instant Transfers (from Venmo to your bank): Venmo offers an "Instant Transfer" option to send money from your Venmo balance to an eligible U.S. bank account or Visa/Mastercard debit card, typically within 30 minutes. This comes with a 1.75% fee (minimum $0.25, maximum $25).
Sufficient Funds: Always ensure you have enough funds in your linked Chase account to cover the payment to avoid overdraft fees from Chase or rejected transactions on Venmo.
Security: Always use a strong, unique password for both your Chase and Venmo accounts. Enable two-factor authentication on both for added security. Be wary of phishing scams. Venmo is intended for payments between people who know and trust each other.
10 Related FAQ Questions
Here are some frequently asked questions about sending money from Chase Bank to Venmo:
How to avoid cash advance fees when using Chase with Venmo? To avoid cash advance fees, always select your linked Chase checking account or Chase debit card as the payment method when sending money on Venmo. Using a Chase credit card to send money to individuals on Venmo will typically incur a cash advance fee and immediate interest.
How to link my Chase debit card to Venmo? You can link your Chase debit card to Venmo by going to the "Me" tab, then "Wallet" (or "Payment Methods"), tapping "Add a bank or card," selecting "Card," and then entering your debit card details manually or by scanning it.
How to check if my Chase account is successfully linked to Venmo? In the Venmo app, go to the "Me" tab, then "Wallet" (or "Payment Methods"). Your linked Chase bank account should be listed there. If it's still pending manual verification, it will indicate that.
How to add money to my Venmo balance from Chase? While you typically don't need to "add money" to your Venmo balance to send payments (it pulls directly from your linked Chase account), some users with a Venmo Debit Card can add funds to their Venmo balance from a linked bank. Go to your "Me" tab, "Manage Balance," and tap "Add Money," selecting your Chase account as the source.
How to resolve a "payment declined" error when using Chase with Venmo? If a payment from your Chase account is declined on Venmo, first check your Chase account for sufficient funds. Then, ensure the card or bank account is registered in your name. If issues persist, contact Chase Bank to inquire about any holds or restrictions on your account, or try using a different linked payment method on Venmo.
How to find my Chase routing and account numbers? You can find your Chase routing and account numbers by logging into your Chase online banking or mobile app and navigating to your account details. Alternatively, they are printed on the bottom of your Chase checks.
How to send money from Venmo to my Chase account (reverse transfer)? To transfer money from your Venmo balance to your Chase account, go to the "Me" tab in the Venmo app, tap "Transfer Money," select your linked Chase bank account, choose either "Standard" (free, 1-3 business days) or "Instant" (1.75% fee, typically 30 minutes), enter the amount, and confirm.
How to change my default payment method on Venmo to Chase? When you are about to send a payment, after entering the amount and recipient, you will see your current default payment method. Tap on it, and a list of your linked payment methods will appear. Select your Chase bank account to use it for that specific transaction. Venmo often learns your preferences for future transactions.
How to increase my Venmo sending limits using my Chase account? To increase your Venmo sending limits, you need to complete the identity verification process within the Venmo app. This typically involves providing your legal name, date of birth, and the last four digits of your Social Security Number. Once verified, your limits will significantly increase.
How to troubleshoot common issues when linking Chase to Venmo? If you're having trouble linking your Chase account, ensure you're entering the correct Chase online banking credentials for instant verification, or the correct routing and account numbers for manual verification. If you get an error like "We lost connection with your bank," try deleting the linked account from Venmo and re-adding it. For persistent issues, contact Venmo support.
