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Written by Drew Cochran on August 23, 2022
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How To Transfer From Venmo To Public 2022

Public is taking the best parts of social media platforms like Twitter and creating a space where new investors can come and interact with not only the stock market, but investor veterans and their trending thoughts.

It's a mobile broker that's taking the internet by storm, and many Venmo users are wondering how to link their Venmo to Public, so they can start building wealth for themselves.

You may be one of these folks - welcome! Today we're going to show you exactly how to transfer from Venmo to Public, as quick and painless as possible.

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How To Transfer From Venmo To Public

Right now there isn't a way to directly transfer funds from your Venmo into Public.

Instead, you'll have to move the funds to your associated bank account and transfer the money into Public from there.

Here's each step we'll go over together:

  1. Transfer your Venmo money into your bank
  2. Sign up for Public
  3. Link your bank to Public
  4. Deposit funds into Public from your bank

Buckle up!

1. Transfer Money From Venmo Into Your Bank

Before we get anything started in Public, let's make sure your money is available inside the bank you'll be using.

Go into your Venmo app, and perform the following steps to transfer your cash into your bank:

  1. Click the menu icon on the top right of your screen (three horizontal lines)
  2. Select "Manage Balance" next to your cash statement
  3. Choose "Transfer to Bank"
  4. Enter the amount of funds you'd like to transfer
  5. Choose between an instant transfer (and a 1% fee) or a free transfer in 1-3 business days
  6. Below the fee statement, confirm your chosen bank is correct
  7. Confirm the transaction by pressing "Transfer $X"

The instant transfer is nice, but unless you're in a real bind, we recommend keeping your money and choosing the free transfer. Why leave money on the table?

If you don't have a bank linked to your Venmo yet, here's how to do that:

  1. Click the menu icon at the top right corner inside the Venmo app
  2. Choose the "Settings" tab near the bottom
  3. Select "Payment Methods" under preferences
  4. Click "Add bank or card..." at the bottom
  5. Select Bank
  6. Choose to add your bank instantly by logging in with Plaid, or manually with your bank account and routing numbers.

You may have to verify your identity when linking your bank to Venmo, and the manual option can take up to 3 business days to process. After you've linked up your first bank, you'll be able to transfer money out of Venmo.

2. Sign Up for Public

Public Logo

Now we'll set up your Public account.

You can still start this step even if the money hasn't settled from your bank transfer from step 1.

Already set up with Public? Skip to step 3!

Use this link when signing up for a free stock slice, on us!

  1. Download the Public app
  2. Click "Get Started"
  3. Provide your phone number and name
  4. Choose your username
  5. Provide your email address
  6. Create a strong password
  7. Choose to follow some new accounts
  8. Claim your free stock slice! (only works with referral link)
  9. Confirm your citizenship
  10. Submit photo ID for fast-track verification
  11. Provide birthdate and personal information
  12. Accept Terms & Conditions if you agree
  13. Fill out investment goals questionnaire
  14. Make your first deposit by Linking your Bank

This process can take up to 10 business days, but doesn't always take that long.

3. Link Your Bank To Public

You might find a prompt to link your bank while signing up with Public - either way, here's the steps to get it done:

  1. Inside your Public app, click on the person icon at the bottom of the screen
  2. Scroll down and select "Deposit Funds"
  3. Here, you have two options:
    • Choose "Bank Link", and log in to your chosen bank through the third-party security service Plaid
    • Connect your bank with micro-deposits in the bottom option

If you choose the micro-deposit option, it will take around 5-7 business days to fully link your bank account.

Public will send you 2 micro-deposits (small deposits of cash) which you'll need to verify the amounts inside the app.

4. Deposit Funds Into Public From Your Bank

Now that everything is in place with your bank account and Public, you can deposit the money from Venmo into Public. Sweet, sweet victory.

Log into Public and do the following:

  1. Click the person icon in the bottom menu
  2. Scroll down and press "Deposit Funds"
  3. Choose how much money you want to transfer (probably the same amount you moved out of Venmo)
  4. Confirm it's taking money from your bank account shown above the dollar value you entered and press "Continue"
  5. Confirm all other transaction details and press "Continue" again to finish the transaction

Bank transfers into Public can take up to 5 business days, but they allow users to invest with "instant cash" up to a certain amount as soon as the deposit is initiated.

Transfer From Venmo To Public: Final Thoughts

Public is a great place to learn the ins and outs of investing, especially in such a dynamic market we're seeing nowadays.

Make sure to follow your friends who are already on the app, and tell your friends about Public to get them thinking about investing in their future as well!

If they sign up using this link, they can get a free stock slice ranging from $3-300 in value!

Happy hunting.

Article written by Drew Cochran

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