In today’s world, being able to transfer money quickly and easily is crucial, and with popular platforms like Venmo and Chime, managing your finances has never been more convenient. While these platforms aren’t directly integrated, there’s a simple way to transfer funds between them. In this easy guide, we’ll walk you through the process of sending money from your Venmo account to your Chime account, step by step. So, whether you’re a seasoned user or a complete beginner, get ready to breeze through money transfers in no time!
Does Chime work with Venmo?
Yes, However Chime and Venmo are not directly integrated, meaning you cannot not use Chime directly within the Venmo app to send or receive money. However, you can link your Chime Visa Debit Card or Chime account to Venmo as a funding source, allowing you to transfer money between the two platforms.
Send Money From Venmo To Chime
Using Venmo with your Chime Bank account and Chime debit card is a seamless experience, including sending and receiving money, making payments for goods or services, and investing in cryptocurrencies. The setup process is simple and straightforward, but there are minimal fees associated with using your Chime account in conjunction with Venmo.
Begin by linking your Chime Card to the Venmo app. Below is a step-by-step guide with instructions to connect your Chime debit card to Venmo for fund transfer:
How To Add Chime Card To Venmo?
- Step 1: Open Venmo App and log in
Log into your Venmo account if you haven’t already by opening the app on your device.
- Step 2: Tap on the Menu button
In the upper right corner of the Venmo app, tap on the menu button (three dots).
- Step 3: Tap Setting.
Click on the ‘Settings’ option in the drop-down menu that appears.
- Step 4: Tap on Payment Method
Select ‘Payment Method’ from the settings menu.
- Step 5: Tap on Add Bank or Card
You can add a bank or a credit card by tapping the ‘add bank or credit card’ option in the Payment method menu.
- Step 6: Tap Card
You can now tap on the Add card option in the pop-up that appears from the bottom.
- Step 7:Verify added Chime card
You can verify the card using Instant Verification or Microtransfers after adding it to Venmo.
You can read the official Venmo document to learn how both verification methods work.
By following these steps, you can send money to the Chime card once it has been added to the Venmo app.
How To Transfer Money From Venmo To Chime?
You can now send money to the Chime Card by simply linking it to your Venmo app.
Step 1: Open Venmo App and Log In
The first thing you need to do is download the Venmo App and login if you do not already
Step 2: Tap on the Menu button
To access the menu (three dots icon) from the home screen of the Venmo app, click on it.
Step 3: Tap Manage Balance
Tap the ‘Manage Balance’ option from the drop-down menu that appears.
Step 4: Tap ‘Transfer to Bank’
Instead of adding money, select ‘Transfer to Bank’ from the popup at the bottom.
Step 5: Enter amount you want to transfer
Select the amount you wish to transfer from Venmo to Chime in the next menu.
Step 6: Choose Transfer to Chime Bank or card.
When you have linked multiple bank accounts to your Venmo app, you’ll now be able to choose which bank account you want to transfer money to. Choose ‘Chase card.’
Step 7: Tap the Transfer button
Now, you can send money from your Venmo account to your Chime account by tapping the green transfer button.
Chime cards can be added to Venmo accounts and money can be transferred between Venmo and Chime.
Frequently Asked Questions
How long does Venmo transfer to Chime take?
Transfers from external accounts can take up to five business days from the start date. Funds sent from non-Chime accounts usually arrive within three business days after the originating bank initiates the transfer.
Can I send Venmo through Chime?
Yes. With the Chime app, you can effortlessly transfer funds to anyone, regardless of whether they are a Chime user or not, without incurring any fees.
Can you link Chime to Venmo?
Yes, you can link your Chime account to Venmo using your Chime Card.
Conclusion
The two companies provide users with services such as money transfers and other financial technology. Venmo is owned by PayPal, while Chime is owned by The Bancorp Bank or Central National Bank. Many people think Chime and Venmo are banks. Bancorp Bank is the parent company of both of them.
The process for transferring money from Venmo to Chime is very simple and only takes a few minutes. First, open the Chime app and sign in. Then, tap on the menu bar at the top of the screen and select “Transfers”. Tap on “Add Account” and select Venmo as your funding source. Once you have added your Venmo account, you will be able to transfer money from Venmo to Chime instantly.