Can You Venmo Yourself? 2023 Detailed


By FintechHop

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Yes, Venmo yourself is possible only if you have two Venmo accounts. Separate bank accounts and two other accounts can be used to send money to yourself.

A major feature of Venmo is its ability to transfer funds (Venmo transfer limit), make online purchases, and receive money from friends.

Though Venmo is extremely efficient, there’s one question that constantly arises among users: Can you actually Venmo yourself?

Related Article: Add Venmo to Google Pay

Can You Pay Yourself on Venmo?

Venmo can be used by you by creating two Venmo accounts with two different bank accounts or even the same bank account. Another option is to have a colleague or family member receive the money from you and send it on to them.

For a better understanding, it depends on what you mean. Initially, you must understand that Venmo was created so that money could be transferred between different accounts.

Ultimately, because Venmo allows people to have only one account at a time, you cannot use Venmo to pay yourself, no matter what payment method you choose. 

You can however use your Venmo Balance to make payments if Venmo has approved you to have a Venmo Card. Although it may seem as if this is a Venmo payment, some may not understand it that way.

  • If you have a bank account, you can use it for Venmo.
  • Credit cards can also be used (fees apply).
  • Venmo allows you to deposit checks as well.
  • If you want to pay your friend later, ask them to Venmo your funds

Can I Venmo Myself From A Credit Card?

The Venmo app lets you use your credit card to send money to yourself. It is important to keep in mind that to keep money in your Venmo account, you need to own a Venmo card. If you use a credit card, you will be able to use Venmo yourself. Furthermore, Venmo will charge you a 3% fee for each amount you request to add.

You must link your credit card first on Venmo to be able to use a card. Below is a guide that will help you link your credit card to Venmo.

  • Open the Venmo app

On your mobile device, open the Venmo app. You can use any Android or iOS device to continue. Before you proceed, make sure your app is up-to-date.

  • Go to the Settings page

A menu can be found at the top of the Venmo homepage. Choose Settings from the menu. You can identify it by its gear icon.

  • Select the Payments Method option

The Payments Method can be found at the top of the Settings page. Choose it.

  • Select ‘Add bank or Card’

All linked banks are listed in Payments Method.

Select the ‘Add bank or card’ button at the bottom of the page.

  • Select Card and enter details

Choose a Card from the menu. A few details about your card will be requested by Venmo. As instructed, enter the correct information.

Can You Venmo Yourself From One Account to Another?

It is technically possible to transfer money between two Venmo accounts that have their own US bank accounts and phone numbers. Although that sounds good in theory, it doesn’t work in practice. Why? You may ask.

Due to Venmo’s restrictions, users cannot have multiple Venmo accounts at the same time. Whenever the company discovers that two accounts are linked to the same person, both accounts will be automatically banned. 

To avoid this issue, we strongly recommend not creating two Venmo accounts. You’re on your own if you decide to take a chance. 

If possible, pay a trusted family member or friend with money from your first account and have them Venmo you the same amount. Your money will now be transferred into your other bank account, and ta-da, you’ve completed the transfer.

The only exception is if you transfer money from a gift card or prepaid debit card. In this case, you can link the cards to Venmo and transfer the balance directly into your Venmo bank account. This process is often used to transfer money from a gift card to your Venmo account, so you can then send it on to others. However, keep in mind that some prepaid cards may not be compatible with Venmo. Therefore, it’s important to check the terms and conditions before making any transfer of funds.

Can Two Separate Venmo Users Add the Same Bank Account?

The user cannot have more than one account, regardless of whether the accounts are opened from the same bank account or from different ones. If two individuals have separate bank accounts, what happens?

As long as the number of opened Venmo accounts does not exceed two and the users are different, Venmo allows the use of the same bank account to create separate Venmo accounts. 

A notification will be sent to the first user when the second user creates a Venmo account using the joint bank account. As a result of linking the two accounts, the other user will also not be able to utilize the shared bank account if the shared one is invalid for some reason.

It is important to get in touch with Venmo immediately if you suspect that a new account has been opened using your bank details (bank account or debit card).

Frequently Asked Questions

Can You Venmo Yourself With A Gift Card?

A gift card cannot be used to Venmo yourself. It is not possible to use a gift card with Venmo. Venmo prompts an error message when adding Visa and Mastercard gift cards.

Can You Venmo Yourself From Paypal?

PayPal does not allow you to directly Venmo yourself. The problem can be solved, however. In order to receive funds from Paypal(transfer money from Venmo to PayPal), you will need to transfer funds to your bank account first. Select Venmo’s Add Money option after linking the same bank account.


In summary, you can’t really Venmo by yourself. Venmo allows you to deposit funds into your account from your bank account, but you cannot actually transfer money from your credit card or use two Venmo accounts at the same time. 

Technically you can create two Venmo accounts, but if you’re caught, you’ll be banned from using both of them. Therefore, if you want to transfer money between your two bank accounts safely, you should hire a trusted friend. To know more about Venmo, you can visit fintechhop.

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