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Written by Ryan Scribner on March 1, 2024
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How To Transfer Money From Venmo To Chime 2024

In the rapidly evolving landscape of peer-to-peer (P2P) payment platforms, Venmo and Chime have emerged as key players.

Venmo is a mobile payment service owned by PayPal. It enables users to transfer money to others using the service via a mobile phone app.

On the other hand, Chime is a fintech company that provides digital streamlined mobile banking services.

Here's how to transfer money from Venmo to Chime as well as from Chime to Venmo.

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Does Chime Work With Venmo?

Fortunately, the answer to whether you can send money from Venmo to Chime is yes.

Both platforms support seamless transactions between each other, allowing users to transfer funds effortlessly.

You can initiate transfers using either your Chime debit card or bank account.

Method 1: Linking Chime Debit Card To Venmo

Here's how to link your Chime Debit Card with Venmo, within the Venmo app:

  1. Open the Venmo app and navigate to the settings through the menu option.
  2. Select the "Payment method" option and click on "Add bank or card."
  3. Fill in the required information related to your Chime debit card and verify the details to successfully link the card with Venmo.

Method 2: Linking Chime Bank Account To Venmo

Here's the alternative method, which is linking your Chime Bank Account with Venmo, once again within the Venmo app:

  1. Log in to your Venmo app and access the settings from the menu icon.
  2. Choose the "Payment method" option and select "Add bank or card."
  3. Opt for the "Bank" option and select your preferred verification method (instant verification or manual verification).
  4. Search for the specific bank associated with your Chime account, which could be either Bancorp Bank or Strides Bank.

Transferring Money Between Chime and Venmo

Once the accounts are successfully linked, initiating fund transfers between Chime and Venmo becomes a straightforward process.

Option 1: Transfer Chime To Venmo

Here's how to transfer funds from Chime to Venmo:

  1. Open the Venmo app.
  2. Access the menu icon on the screen and select "Manage balance."
  3. Choose the "Add money" option and specify the desired amount for transfer.
  4. Select the bank account or card for the transaction and confirm the details to complete the transfer.

Option 2: Transfer Venmo To Chime

How To Transfer From Chime To Venmo

As an alternative option, here's how to transfer funds from Venmo to Chime:

  1. Open the Venmo app.
  2. Access the menu icon and select "Manage balance."
  3. Choose the "Transfer funds" option and specify the amount you wish to transfer.
  4. Select the preferred destination for the funds - either the linked debit card or the Chime checking account.
  5. Decide on the transfer speed - either instant with a fee or within one to three days without any charges.

Transfer Instructions

How Long Does The Transfer Take?

While both Venmo and Chime support seamless fund transfers between each other, it is important to note that the transfer duration may vary based on the specific transaction type.

Typically, bank transfers take approximately 1-2 business days to reflect in the recipient's Chime account. However, for a fee, transfers can be initiated instantaneously.

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

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