Money transfers have become a crucial activity in this digital era.
Over the years, transferring money has been a hassle for many as you'll typically have to visit a bank branch in order to transfer funds.
Nowadays, money transfers have become even easier since the release of money transfer apps that facilitate person-to-person (P2P) transfers, some of which include Venmo, PayPal, Zelle, Cash App, etc.
Given the numerous benefits and services offered by each app, it is no new thing we see people looking to to a cross transfer from one app to the next.
With that said, if you're looking to transfer money from Venmo to PayPal, then you've come to the right place.
To help you out, we've compiled what you need in order to transfer money from Venmo to PayPal.
Table of Contents
Can I Transfer Money From Venmo To PayPal?
Yes, you can transfer money from Venmo to PayPal.
However, since the two apps don't integrate, a direct transfers of funds from Venmo to PayPal isn't possible.
In this case, you'll need a bank account as a bridge to complete the transfer.
How To Transfer Money From Venmo To PayPal
As earlier mentioned, transferring money from Venmo to PayPal is not directly possible
However, if you have a bank account linked to both PayPal and Venmo, then transferring the funds should be very easy.
With that said, transferring money from Venmo to PayPal involves three simple steps, which are as follows:
1. Link Your Bank Account To Venmo
Since we'll be using a bank account as a middleman for the transaction, we'll need to start by linking the bank account to Venmo.
To do so:
- Open the Venmo app.
- Go to the "Me" tab by tapping your picture or initials.
- Go to the "Wallet" section.
- Tap "Add a bank or card..." and then select "Bank."
- Select your preferred verification method.
Make sure you verify your bank account on Venmo after adding it.
2. Withdraw Money From Venmo To Your Bank Account
Once you've linked your bank account to Venmo, the next thing you'll want to do is to transfer the funds from Venmo to your linked bank account.
To do so:
- Open the Venmo app.
- Go to the "Me" tab , then tap the "Add or Transfer" button under "Wallet."
- Enter or edit the amount you would like to transfer to your bank.
- Tap "Instant" (for a small fee) or "1-3 Biz Days" (for no fee), and select your preferred bank account or debit card.
- Confirm your transfer details, and tap the green "Transfer" button.
Depending on the method you choosed, the transfer might be instant or can take up to 3 business days to hit your bank account.
3. Link Your Bank Account To PayPal
The next thing to do is to link your bank account to PayPal.
If the choosed the "1-3 Biz Days" option, I'll recommend to start linking your bank account to PayPal while waiting for the funds to hit your bank account.
To do so:
- Login to your PayPal account.
- Go to "Wallet."
- Click "Link a bank."
- Search for your bank or select it from the list.
- You can link your bank instantly by entering your bank login details. If the instant option isn't available, enter your bank account details manually and click "Agree and Link."
4. Transfer Money From Your Bank Account To PayPal
Finally, once the funds from Venmo arrive your bank account, and you've linked the same account to PayPal, it's great time to transfer the money to your PayPal account.
To do so:
- Login to your PayPal account.
- Go to your "Wallet."
- Click "Transfer Money."
- Click "Add money to your balance."
- Select your bank and enter the amount that you want to transfer, and click "Add."
How Long Does It Take To Transfer Money From Venmo To PayPal?
Depending on the method you use, it typically takes 1-5 business days for the money transferred from Venmo arrives in your PayPal account.
That said, if you use the "Instant Transfer" option from Venmo, the funds should arrive within the same business day. On the other hand, if you use the "1-3 Biz Days" option it should take between 1-5 business days (considering the time it takes for money to be transferred from your bank to PayPal).
Frequently Asked Questions
Can I transfer funds from Venmo to PayPal?
Yes, you can transfer funds from Venmo to PayPal through a linked bank account. That said, the same bank account must be linked both to your Venmo and PayPal account
How do I transfer money from Venmo to PayPal or Cash App?
The best way to transfer money from Venmo to PayPal or Cash App is through a linked bank account. Keep in mind that the same bank account must be linked to both apps to assure a successful transfer.
How long does it take to transfer money from Venmo to PayPal?
It typically takes 3 to 5 business days for the funds transferred from Venmo to hit your PayPal account. What makes the transfer take so long is that it passes through a bank account.
Final Thoughts
PayPal and Venmo are two popular payment services that have brought plenty of convenient services to the financial industry.
Among the numerous services they offer, the money transfer facility is what makes users love these two apps.
While PayPal owns Venmo, they do not, however, feature an option that allows the integration of one app in the other—making a direct transfer between the two apps impossible.
However, this guide compiles steps to transfer money from Venmo to PayPal through a linked bank account.
While considering this option, consider checking the fees involved (especially with Venmo's "Instant Transfer" option) to see whether the method is ideal for you.