Gino Rodriguez, Writer
@gino_rodriguez
No, you can’t borrow money from Venmo. The company explicitly states that they do not offer loans to their users, but they do offer peer-to-peer payments and other financial services including digital direct deposits, a Venmo debit card and a Venmo credit card.
Don’t be discouraged, though. There are several mobile apps that allow you to borrow money, with loan or cash advance amounts up to $750.
Popular Cash Advance/Loan Apps
- Albert
- Brigit
- Cash App (select users)
- Dave
- Earnin
- MoneyLion
Alternatively, you could borrow money from a friend or family member who has the Venmo app and conduct the transaction through Venmo. The funds will be in your Venmo account immediately, and you can transfer the money to your bank account within 30 minutes using Venmo’s “Instant transfer” feature, although a 1.75% fee will be deducted from the transfer amount. If you opt for a standard bank transfer, your money will typically be in your bank account in 1-3 business days.
Popular Credit Cards from Our Partners
People also ask
What apps let me borrow money instantly?
Dave, Earnin and Brigit are apps that let you borrow money instantly. These cash advance apps allow you to borrow a portion of your next paycheck before you get it, and they can provide funds within minutes after you set up your account. You may have to link your bank account and pay a fee in order to qualify for instant cash.
There are other apps that allow you to borrow money instantly, as...
read full answer by Gino Rodriguez, WriterHow can I get a cash advance with my Venmo Credit Card?
To get a Venmo Credit Card cash advance:
- Call Synchrony Bank customer service at (855) 878-6462 and request a PIN, if you don’t already have one.
- Insert the credit card at an ATM and enter the PIN.
- Select the cash advance option on the ATM screen.
- Enter the amount you’d like to withdraw.
- Withdraw the cash and remove the credit card from the ATM.
It’s important to note that a Venmo Credit Card...
read full answer by Evelyn Boros, Credit Cards ModeratorCan you use a credit card on Venmo?
Yes, you can use a credit card on Venmo, but it might not be the best idea to do so if you’re using it to send money to another individual. Credit cards are the only funding method for which Venmo charges a 3% fee, and some card issuers might consider the transaction a cash advance, which will involve an additional fee and a high APR. However, this fee does not apply if you are using...
read full answer by WalletHub, Financial CompanyDid we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.