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Written by Ryan Scribner on February 15, 2024
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How To Transfer Money From PayPal To Venmo 2024

Venmo and PayPal are owned by PayPal Holdings, Inc.

However, despite this relationship, there isn't a direct method for transferring between the two.

But don't worry! Today we're going to help you navigate moving your money from PayPal to Venmo, step by step.

This will involve using a separate bank account as an intermediary.

Learn More: Robinhood Retirement 3% Match

Robinhood is a popular "all-in-one" investing app.

While they are most well-known for their commission free stock trading, they've recently shaken up the Retirement Investing World too.

Introducing Robinhood Retirement; home of the biggest IRA match on the market.

Robinhood IRA Boost

Here's what you need to know:

  • Robinhood offers 2 types of retirement accounts - the Roth IRA and Traditional IRA
  • All Robinhood investors will get a 1% Match on what they Contribute or Transfer
  • Robinhood Gold members will get a 3% Match - the biggest on the market

And don't worry, this comes with a Portfolio Builder Tool. You don't have to construct your investment portfolio from scratch if you don't want to.

Lastly, you'll even get a free stock worth up to $200 when you open a new Robinhood account using our link.

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1. Link Your Bank Account To PayPal

paypal logo

In order to move your money from PayPal to Venmo, you'll need to start out by moving those funds from PayPal to a linked bank account.

Here's how to link a bank account to PayPal:

  1. Log in to your PayPal account
  2. Click on "Wallet" at the top of the page
  3. Select "Link a bank or card"
  4. Follow the on-screen instructions to link your bank account
  5. Verify your bank account or card if prompted

2. Transfer Funds From PayPal To Bank Account

Once your bank account is linked, you can transfer your money from PayPal to your linked bank:

  1. Go to "Wallet" in your PayPal account
  2. Click on "Transfer Money"
  3. Choose the amount you want to transfer and select your linked bank account
  4. Review your transfer details are correct, and confirm the transfer

You can choose the instant transfer for a small fee, or choose the free standard transfer that takes 1 to 3 business days to complete.

3. Link Your Bank Account To Venmo

If you haven't already, download the Venmo app and create an account.

Now, you'll need to link the same bank account you linked to PayPal to your Venmo account:

  1. In the Venmo app, select "Me" on the bottom-right corner
  2. Press the gear icon for "Settings" in the upper-left corner
  3. Tap "Payment Methods"
  4. Select "Add a Bank or Card" and follow the instructions to link your bank account

4. Transfer Funds From Your Bank Account To Venmo

Finally, it's time to transfer the PayPal funds from your bank account to Venmo:

  1. In the Venmo app, click on the "Me" tab
  2. Next to your displayed Venmo balance, select "Manage"
  3. Choose "Add Money"
  4. Enter the amount you want to transfer and select the linked bank account
  5. Review your transfer details are correct, and confirm the transfer

Again, depending on the transfer speed chosen, your money could take up to 3 business days to process.

Article written by Ryan Scribner
Ryan Scribner is the Co-Founder of Investing Simple and author of the personal finance book ‘From Side Hustle To Main Hustle To Millionaire’ (available on Amazon and at Barnes & Noble). He is recognized as a Top 100 Money Expert by GoBankingRates. Ryan Scribner runs a successful YouTube channel focused on money and investing, which he started in 2016. Scribner was exposed to the finance world early on with a dad who is a financial advisor. Before he started his YouTube channel, he was working and making a surplus of money which he began investing on his own. Then he started to document it on his YouTube channel, before launching the Investing Simple blog in 2018. Ryan Scribner has used his own experiences with money to show others what he’s done to be successful so that they can learn from it. He has been featured in The Wall Street Journal in a publication on The Financial Gurus Millenials Listen To. In addition, Ryan Scribner has been featured in MarketWatch, Business Insider and Forbes - where he was recognized as the #1 Must Watch YouTube Channel For Making Money. In recent years, Ryan has become an angel investor across numerous startups. This includes fintech platforms such as Yotta, Mesh Connect and Commonstock - recently acquired by Yahoo Finance. Beyond that, Ryan has equity investments in a veteran-led cybersecurity company Netrise, as well as Beacons - an all-in-one builder tool for creators. Today, Scribner lives in South Florida - teaching others how to build wealth and “semi-retire,” without sacrificing your life to a 9-to-5.

Read more

Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
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Get 1 Free Stock Worth Up To $200 From Robinhood!

Don't Miss This Opportunity!

Investing Simple readers can claim a free stock from Robinhood worth up to $200 when they open a brokerage account and deposit any amount.

For US Residents only. Investing Simple is affiliated with Robinhood, and we may earn a commission when you sign up for Robinhood.

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