What Do I Need to Set Up a Venmo Account?

To set up a Venmo account, you need to ensure that you meet all the requirements, such as being physically present in the United States, In order to do the Venmo account setup, you need to have the following requirements in place, which is:

• Should be physically present in the country of the United States.
• You must have a cell phone with U.S. U.S.-based number that can be used for two-way communication of text messages. The number should be specific and unique to one Venmo account. 
• The age should meet the age of majority criteria of the country, which is at least 18 years old. 
• Have a valid email address through which the registration can be done. 
• The mobile device should be compatible and updated with the latest version of Venmo, which can be upgraded to 7.38.2 or more. 
• Provide an authenticated bank account detail along with the credit or debit card as required.

Do you need a bank account to use Venmo?

Yes, you would need a bank account to use Venmo. The verification of the account is usually done via the bank details provided. The interface gives the flexibility to add the bank account directly or, rather, add the debit card in accordance with your comfort level.

Should I link my bank account or debit card to Venmo?

Yes, you need to link the bank account or debit card to the Venmo account that has been created. It would help you to have a two-way model of money exchange. It means that you would be able to transfer all the money you receive through Venmo and make the payments wherever necessary via the bank account, debit card, or credit card.

Does Venmo require an SSN?

It is not mandatory for you to have a Social Security Number (SSN) to use the Venmo account. The SSN number is required for verification of the identity you have on Venmo. Even without doing the verification, you are free to keep using the app. The payment options are made available through the modes you have chosen, allowing you to make the transfer. Without SSN verification, you can also receive the payment from fellow users of Venmo to be sent to the bank accounts.

How long does it take to set up Venmo?

Once you complete all the online processes and submit all the documentation, the expert will review the shared details and help you successfully set up the Venmo account. The verification process can take around 2-3 business days for complete authorization, after which you would get the mail for the setup done.

Is Venmo safe to link to a bank account?

It is indeed safe to link your Venmo to the bank account for usage purposes. The application ensures to provide the best safety measures needed. Even so, you can be extra vigilant and cautious by setting up two-step authorization in the app.

How long does Venmo take to approve?

Venmo usually takes only a few minutes for approval of the identity verification. In case there is some error in the approval process due to a mismatch in the details entered, the team would request to submit the documents to confirm identity through the app.