Home Financial Transfer Does Chime Work with Venmo?
Financial Transfer

Does Chime Work with Venmo?

Does Chime Work with Venmo

Does Chime work with Venmo? When it comes to P2P platforms in the U.S., Chime and Venmo are two of the most popular apps. Yes, Chime works with Venmo – with Chime’s Pay Anyone feature, you can send money to Venmo.

Chime and Venmo are mobile money apps that harness the power of online financial technology. So, users find it swift to send and receive money. Given their prominence, one would wonder if they can transfer money between Chime and Venmo. While some platforms offer seamless integration with others, Venmo has its own set of compatible and incompatible applications. Though they do not directly connect, there are indirect workarounds to move funds between both apps.

Key Takeaways

  • Chime and Venmo can work together, but not directly.
  • You can send money from Chime to Venmo using Chime’s “Pay Anyone” feature.
  • Transferring money from Venmo to Chime requires using Venmo’s “Instant Transfer” to a linked Chime debit card.

Does Chime Work with Venmo?

Does Chime Work with Venmo

Yes, Chime does work with Venmo. As a Chime user, you can transfer money from your Chime account to a Venmo account. thanks to the “Pay Anyone” feature integrated into Chime. When sending money to someone who is using Venmo, all you need is their email address or phone number. Once you send the money, a Venmo user will get a link to receive their funds. If you change your mind about a transfer, you can cancel it while it is still pending, even if it is a Venmo user who is not part of Chime yet.

As a Venmo User, you can use the “Instant Transfer” feature on Venmo to send money to a Chime debit card connected to your Venmo account.

What is Chime

Chime is a leading neobank in the US, operating outside the traditional banking infrastructure. It offers a debit, credit, and savings account with a commitment to fee-free mobile banking. Chime provides features like a $200 overdraft for free, access to over 60,000 ATMs for free, receiving a paycheck two days early, and a credit builder service.

The platform does not have any physical branches and generates most of its income through a process called interchange.

  • Chime was founded in 2013.
  • Chime has over 14.5 million active customers in 2023.

What is Venmo

Venmo began in 2009, founded by Andrew Kortina and Iqram Magdon-Ismail, as a way to pay each other without exchanging cash or writing a check. Initially, the prototype worked over SMS, but with the app’s launch in late 2010, the SMS functionality was dropped.

The social element of Venmo, however, remains one of its core features. Venmo uses peer-to-peer technology to send money online and has recently allowed users to hold money in their accounts. Users can connect a debit or credit card to the app for transactions. Venmo was acquired by online payments provider Braintree for $26.2 million shortly after its official launch and later became a part of PayPal when it purchased Braintree for $800 million.

  • Venmo was launched in 2009.
  • Over 78 million people use Venmo in 2023, with most users based in the United States.

Can I Transfer Money from Chime to Venmo?

Chime offers a feature called Pay Anyone, a convenient way to send money to others without any fees. This tool is integrated within Chime. Chime combines both checking and savings accounts. And with Pay Anyone, you can send money to anyone. If the recipient is also using this feature, they should receive the money instantly.

If you are thinking of sending money to someone who is not registered with Chime, such as Venmo, all you need is their email address or phone number.

Once you send the money, they will get a link to collect their funds. If you change your mind about a transfer, you can cancel it while it is still pending, even if it is a Venmo user who is not part of Chime yet.

No Sending Limits

One of the perks of using Chime’s Pay Anyone is that there’s no limit to the number of transactions you can make in a month. However, the amount you can send will be based on your account’s history.

Security

When it comes to keeping your data safe, Chime has got you covered. They conduct regular security checks across their systems and ensure that all the money in Chime accounts is insured up to $250,000 by The Bancorp Bank, N.A. or Stride Bank, N.A. And if you ever need assistance or have questions, Chime provides round-the-clock support with real people ready to help.

How to Transfer Money from Chime to Venmo Instantly

Even if they are not a Chime member (i.e., Venmo, for example), you can easily transfer funds using just their phone number or email address. Here’s how:

  1. Open Chime mobile app.
  2. Head over to the “Pay Anyone” tab.
  3. Type in the email or phone number of the person you want to send money to.
  4. Enter the amount you wish to send and jot down a quick reason for the transfer.
  5. Confirm the recipient’s details and the amount.
  6. Tap on Pay now and voila, the money is on its way.

The Chime account will get a notification, either through text or email, letting them know about the funds waiting for them. They will have 14 days to provide their details and claim the money instantly!

Can You Add Chime to Venmo?

You can add Chime to Venmo. Only U.S. bank accounts or Visa/Mastercard debit cards that are part of instant transfer services (like Visa Fast Funds or Mastercard Send) work. Fortunately, Chime offers a Visa debit card. It works because Visa is listed as one of the supported

You just have to add your card to your Venmo account to check if it is eligible. If you cannot use it for an instant transfer, ask Chime to join an instant transfer service. That is the only way to use it with Venmo.

Follow these steps to add your Chime debit card to Venmo

From a computer

  1. Navigate to your payment methods.
  2. Click on Add bank or card.
  3. Choose Debit or credit card.
  4. Enter your card details.

From the Venmo App

  1. Tap on the “Me” tab (represented by your picture or initials).
  2. Access the Wallet section.
  3. Tap Add bank or card… followed by Card.
  4. Enter your card details either manually or using your phone’s camera.

How to Transfer Money from Venmo to Chime

You can transfer money from Venmo to Chime, but it has to be to the Chime card, not directly. As I mentioned earlier, there is no direct support.

Venmo offers two ways to get your money out of your Venmo account. One of the methods is the “standard transfer” which only supports sending funds to your bank through the ACH network to a verified checking account. This method is free but the money will arrive 1-3 business days after you request the transfer.

Now, the method that will work with Venmo is called “Instant Transfer”. But first, you would have added your Chime card following the steps in the previous section. Now, follow these steps to transfer money from Venmo to Chime.

  1. Open the Venmo app.
  2. Go to the Me tab.
  3. Tap Add or Transfer under Wallet (some users may see a Manage button instead).
  4. Select Instant (1.75% fee, minimum of $0.25 and maximum of $25). Do not select 1-3 biz days because it is the bank transfer method.

Note that this transfer will charge you a 1.75% fee (a minimum fee of $0.25 and a maximum fee of $25 is deducted from the transfer amount for each transfer) and typically arrives within 30 minutes.

Additional things to know about these transfers?

  • You can do instant transfers any day, anytime, even on holidays.
  • Sometimes, Venmo might face issues, affecting transfers.
  • Venmo checks transfers. If there’s a problem, your transfer might be stopped, delayed, or even declined.
  • In some cases, your money might be held or taken from your account. For more on this, see the Reviews of Transfers Out of Venmo section.

Venmo to Chime Declined

There could be many reasons.

  • Venmo’s security checks might stop it.
  • Always use a card in your name and make sure your Venmo account has your real name.
  • If you still face issues, even if you’ve used that card or bank before, you might not be able to use the instant transfer feature for now.
  • If this happens, you can do a regular bank transfer for free but this method won’t work if you are sending the funds to Chime.

But how do you know if an instant transfer to Chime worked? After you start a transfer, you should see a green check mark. Once it’s done, Venmo will notify you. If it’s still pending after 30 minutes, check your bank statement.

If you don’t see the transfer, talk to your bank. Tell them to look for an original credit transaction (OCT) or a real-time payment, not a missing ACH/direct deposit.

Chime Customer Support

Do you prefer to talk on the phone with Chime? Just call 1-844-244-6363 to talk with Chime’s customer support representatives. You can send an email to Chime at support@chime.com.

Venmo Customer Support

You can send an email to Venmo using the support form. Also, you can call Venmo at (855) 812-4430 (8:00 am–8:00 pm CT).

Conclusion – Does Chime Work with Venmo

Yes, Chime works with Venmo but not directly. That’s because Chime does not provide a one-click button that lets you transact with Venmo in a breeze. The same applies to Venmo. However, with Chime’s “Pay Anyone” feature, you can send money to a Venmo account. Also, with Venmo’s “Instant transfer”, you can send money from Venmo to a Chime debit card linked to Venmo.

Resources

  • Instant Bank Transfer FAQ. Venmo
  • What is a Chime Card? Chime
  • Adding a Credit or Debit Card. Venmo
  • How do I use Pay Anyone to send money? Chime
  • Standard Bank Transfers FAQ. Venmo

Read alsoCan I Use Zelle with Chime? Yes! Here’s How

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Written by
Jim Marous

Jim Marous is a Top 5 Retail Banking Influencer, Global Speaker, Podcast Host and Co-Publisher at The Financial Brand. I am a co-author here at Blueopes Finance, writing on a lot of topics regarding payments, banking software, cards, and investing.

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