Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How do I use Venmo to transfer money?

Learn all about the instant money transfer app taking the US by storm.

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

If you haven’t yet heard of Venmo, you certainly must have heard of PayPal. Think of Venmo as PayPal’s mobile-friendly cousin. Its approach speaks to something we’ve all faced: the annoyance of splitting a restaurant bill five different ways, the stress of borrowing money from a friend and never having the cash to pay them back, splitting rent and utility bills – the list goes on and on.

Instead of reaching for the calculator app to figure out how much to pay your friends, you can simply Venmo anyone you owe instantly. An app that’s both practical and easy to use, Venmo stands out as a convenient method to send and receive money electronically.

Can I use Venmo in New Zealand?

Unfortunately, Venmo hasn’t launched in New Zealand yet. To be able to use it, you need to fulfil two requirements:

  • Be physically located in the US
  • Have a US mobile number

You’ll also need a US bank account if you want to take your money out of your Venmo wallet.

Long story short – you won’t be able to use Venmo in New Zealand.

If you want to transfer money to another currency, you’ll need an international money transfer service. Read our guide on sending money overseas to make sure you get the best deal possible.

How do I request and send money through Venmo?

1. Create a Venmo account. Sign up with your email address and credit or debit card information. Add your bank account info if you want to deposit the money you receive. Note that you may have to pay a transaction fee when using your credit card.

2. Request a transfer. Once you’ve created your account, request or send money by clicking the pen and paper icon at the upper right corner of the page.

step 2 venmo money transfer

3. Enter your Venmo recipient or sender. Use the person’s Venmo username to send or request money, adding the transfer amount. Name your transaction with as fun or serious a memo as you’d like – or use Venmo’s bitmoji shorthand for your transaction.

step 3 venmo money transfer

4. Tap Pay or Request to complete your transaction.

What happens when someone sends me money?

You’ll receive a notification from Venmo each time a user sends you money. Unlike other payment apps, the money you’ve been sent doesn’t go directly into your bank account. Rather, it stays linked to your Venmo account until you choose to transfer it. You can transfer all of your balance or only a portion of it.

venmo transfer to bank money transfer

A feature that sets Venmo apart from other peer-to-peer payment systems is its social media component. Once you’ve been sent money, it shows up on your friends’ feeds, where they can see your transactions – but not the amounts.

Is Venmo safe?

Venmo encrypts your personal information and transactions details. However, whereas the Payment Card Industry Security Standards Council gives Square Cash, Google Wallet and other money transfer apps high ratings for standards security, Venmo is considered only “PCI compliant.”

What is PCI compliance?

The Payment Card Industry Security Standards Council keeps track of companies that meet its strenuous security standards for development, enhancement, storage, dissemination and implementation for data protection. It determines the overall security of businesses that process payments online.

Like most companies, Venmo keeps the magnitude of its user base private, so its lack of a standards rating could mean that it processes fewer than 6 million credit card transactions per year. It’s also possible that Venmo’s additional fee for credit card payments all but encourages users to pay through a debit account instead. But it’s worth considering safety, given the security breaches faced by Venmo over the years.


  • Widely popular service. Many people in the US are already using Venmo, making it even easier to transfer money.
  • Social media platform. Venmo’s more fun to use than other services and even includes a feed of transactions to your friends.


  • US only. Venmo’s services are limited to users in the US, so you can’t use it in New Zealand.
  • Steep credit card fee. Unlike when you use a debit card, a credit card incurs an additional 3% fee for each transaction.
Back to top

Compare Venmo to other money transfer services

Name Product Montant minimum de transfert Temps de traitement Frais de transfert Lien
Wise (TransferWise) - France
3 à 5 jours
À partir de 0,25 €
Quand il faut envoyer de l’argent, bénéficiez de bons taux de change et une tarification facile à comprendre avec Wise.
CurrencyFair - France
1-2 jours ouvrables
À partir de 1,41 €
Special offer: New customers get unlimited fee-free transfers for their first 3 months. T&Cs apply.
CurrencyFair propose de meilleurs taux de change ainsi que des délais de transfert plus rapides que ceux des banques dans plus de 15 devises populaires.
Azimo - France
10 GBP
1 jour
À partir de 0,99 €
Azimo permet d’envoyer de l’argent vers plus de 200 pays, directement sur le compte bancaire de votre destinataire ou dans une agence de retrait d’espèces.
Remitly - France
3 à 5 jours
À partir de 0,99 €
Remitly vous permet de bénéficier de taux de change avantageux et de frais réduits sur des transferts d’argent vers plus de 100 pays.
Revolut - France
Revolut - France
USD $0
Le jour même
USD $0
Effectuez des transferts sans frais dans plus de 27 devises du lundi au vendredi.
XE Money Transfers - France
Même jour
2 €
XE est en mesure d’effectuer des transferts d’argent rapides avec des frais réduits et une gamme d'outils pour les devises étrangères.
WorldRemit - France
2 jours ouvrables
À partir de 0 €
Pour 20 € dépensés, profitez d'une remise de 10 € en utilisant le code Plus10FR. Offre valable jusqu'au 31 Janvier 2022. Les conditions générales s'appliquent.
Utilisez le code promo 3FREE pour effectuer vos 3 premiers transferts sans frais. Les conditions générales s'appliquent.
Avec WorldRemit, vous pouvez envoyer de l’argent en quelques minutes, avec des commissions et des taux de change très compétitifs.
Key Currency - France
Key Currency - France
Le jour même pour les devises principales, en un jour pour les devises exotiques
Effectuez des transferts le jour même vers l’Europe dans toutes les principales devises.

Compare up to 4 providers

More guides on Finder

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use, Disclaimer & Privacy Policy.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site