Can You Venmo Yourself ? Everything You Want to Know

Last updated: April 19th, 2024

Can you Venmo yourself

Have you ever found yourself wishing you could quickly transfer funds between your Venmo account and thought, “Can I Venmo myself?”. 

Well, if you are someone who enjoys the convenience of this peer-to-peer payment app, this is a question that might have crossed your mind. Worry not! I am here to answer.

Transferring Money With Venmo

So, Venmo was primarily designed for P2P transfers which means it’s mainly to send money between two different users. The idea of sending money to yourself might seem not possible. However, it is doable, but with certain conditions.

Why Would You Want to Send Money To Yourself?

There might be times when you want to transfer money between two bank accounts that you own. Or perhaps you are simply curious. Either way, let’s dive into this interesting topic and find out how you can Venmo yourself.

How Can You Transfer Money to Yourself on Venmo

So, how can you pay yourself on Venmo? Here’s how:

Set Up Your User Profile:

  1. Go to your Venmo mobile app and sign in.
  2. Click on the menu symbol at the top left corner.
  3. In the menu, tap on the Settings option.
  4. Under Settings, locate the Payment Method section. 
  5. Tap on Add Bank or Card and enter your bank or credit card details.

Transferring Money:

  1. On the main page, select Manage Balance.
  2. Tap on Add Money and enter the amount.
  3. Then, select the bank account or credit card and confirm the transaction.
  4. When the amount shows in your Venmo balance, click on Send Money.
  5. In the recipient box, type in your own username or phone number.
  6. Enter the desired amount, confirm your action, and there you go! You’ve sent money to yourself.

Can you Venmo yourself between accounts?

If you have two Venmo accounts, you can send money between these accounts. But remember, both accounts should be verified and in good standing.

Few Things to Keep In Mind

Multiple Accounts

Venmo doesn’t allow two accounts with the same bank account. So, if you’re thinking of creating a second Venmo account to send money between them, think again. 

Transaction Fees

Sending money to yourself using your bank account, or debit card won’t incur a fee. But, if you’re using a credit card, Venmo charges a 3% fee. Something to keep in mind to avoid unwanted surprises.

Venmo Transfer Limits

Type of Transaction

Maximum Amount

P2P payments (unverified)

$299.99 per week

Person-to-person payments (verified)

$60,000 per week

Authorized merchants and Venmo Mastercard Debit Card transactions

$7,000 per week

Transfer to a bank 

$19,999.99 per week (standard transfer) or $5,000 per transaction (Instant Transfer)

Can You Venmo yourself from a credit card?

Yes, you can add a credit card to your Venmo account and send money to yourself. However, Venmo charges a 3% fee for sending money with a credit card. So, if you’re looking to move money from your credit card to your bank account, keep in mind that you’ll incur this fee.

Always make sure you are not violating any terms of service, and be aware that there’s a risk of your transaction getting declined or your account being flagged.

Misconceptions and Clarifications

a. Venmo Accounts and Payments

It might sound fun to create two accounts to play with, but Venmo’s terms of service are clear. Having two accounts for a single individual is a breach of their policy. 

b. Transfer Money From Paypal to Venmo

Many people think that since Venmo is owned by PayPal, transferring money between the two should be easy. However, that’s not the case.

To transfer money from PayPal to Venmo, you’d first need to transfer the funds from your PayPal account to your bank. Only after this can you add the money to your Venmo balance.

Can You Venmo yourself from one card to another?

Yes, if you have multiple cards linked to your Venmo account. You can send money from the card to yourself, and then cash it out to a bank account linked to that card.

Venmo Alternatives for Self-Transaction

Venmo Alternatives

Although Venmo is a popular choice, it’s not the only player in town. Here are a couple of alternatives that might suit your needs better:


Standard Transfer Fees

Instant Transfer Fees

Transfer Time (Standard)


Free when linked to a bank account

1.75% (min $0.25, max $25)

1-3 business days

Cash App

Free for standard transfers


1-3 business days


Typically free (as it’s bank-sponsored)

N/A (Zelle typically doesn’t charge for its services and doesn’t offer a separate instant transfer option)

Typically within minutes if both parties are enrolled, otherwise 1-3 business days


Free when linked to a bank account within the U.S.

1% (max $10)

1-3 business days

Google Pay

Free for both bank and debit card transfers

Not specified (but there might be charges depending on bank/card)

Up to 5 business days for bank transfers


In a nutshell, while you can technically Venmo yourself, the process isn’t straightforward and comes with potential risks. It’s always best to use mobile banking platforms as they’re intended to avoid any issues.

Frequently Asked Questions (FAQs)

No, once you send money, it cannot be canceled (unless sent to an inactive account).
It’s a bit tricky. Venmo officially doesn’t support sending money using gift cards. However, some have reported success in linking certain gift cards as if they were debit cards, but it’s hit or miss.
If you have more than one bank account linked to your Venmo, you can send money from one account and cash it out to the other.
Venmo does not charge a fee for sending money to yourself with a bank account or a debit card, but it charges a 3% fee for using a credit card.
Venmo does not allow two accounts with the same bank account or card, and having multiple accounts for one person is against their terms of service.

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Faizan Ahmed is a Tech and finance wordsmith. He creates clear and insightful articles that educate people about how digital wallets and mobile payment apps work.
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