Venmo, the popular peer-to-peer mobile payment app owned by PayPal, offers a convenient way to send and receive money. Back a few days ago people were asking if should link my bank account or debit card to Venmo, but as time passed people seem to have trust in Venmo.
Some users may encounter issues when trying to link their bank account with Venmo. In this article, we will explore the possible reasons behind this problem and provide solutions to fix the issue.
Possible Reasons and Solutions of Venmo not Adding Bank Account Problem
1. Incorrect login information
One common reason for not being able to add a bank account to Venmo is entering incorrect login credentials. Ensure that you are using the correct bank account number and associated name. If you are using instant verification, double-check that you are using the correct username and password for your bank’s Internet banking.
2. Too many unsuccessful attempts
Repeatedly entering incorrect details while attempting to link your bank account can lead to the temporary freezing of your online banking. To resolve this, avoid guessing passwords and instead reset your password using the “forget password” option.
3. Bank account already linked to another Venmo account
If your bank account is already linked to another Venmo account, you will not be able to link it again. Check if you have previously connected your bank account to another Venmo account.
4. Venmo server issues
Sometimes, Venmo servers experience downtime or technical issues, which can prevent users from adding their bank accounts. Before proceeding, verify if the Venmo servers are operational by checking third-party platforms like DownDetector. If the servers are down, you may need to wait until they come back online before attempting to add your bank account.
5. Bank server outage
Similar to Venmo servers, your bank’s servers may face temporary outages, preventing the addition of bank accounts to Venmo. If this is the case, you will need to wait until the bank’s servers are back online.
6. Shared bank account limitations
Venmo may not support the addition of shared bank accounts at the moment. If you are unable to link a shared bank account, consider adding the associated debit card to Venmo or transferring ownership of the bank account on Venmo to the other account holder.
Additional Fixes for Venmo Bank Account Issues:
If the problem persists, try the following solutions:
- Try the manual verification method if instant verification fails.
- Check the status of Venmo servers using third-party platforms like DownDetector.
- Clear the cache of the Venmo app to resolve any issues related to data accumulation.
- Update the Venmo app to the latest version available on your device’s app store.
- Add your bank’s associated debit card first and then attempt to add your bank account.
- Further, you may have to verify the bank account with test deposit.
- Contact Venmo support via their support form, phone number (855-812-4430), or Twitter handle for assistance.
- If Venmo support is unable to help, reach out to your bank for further investigation and resolution.
How to Link Venmo to a Bank Account:
If you are encountering issues adding your bank account to Venmo, follow these steps:
- Tap the “☰” icon at the top of the Venmo app.
- Select “Settings” and then choose “Payment Methods.”
- Tap on “Add a bank or card…” and select “Bank.”
- Choose your preferred verification method.
- If instant verification fails, consider opting for manual verification, which may take up to a day to complete.
Venmo provides a convenient way to transfer funds, but encountering issues while adding a bank account can be frustrating. By following the possible solutions mentioned in this article, you should be able to resolve the Venmo not verifying bank account problem.
If the issue persists, reaching out to Venmo support or your bank will ensure a more personalized approach to troubleshooting. Remember, perseverance and patience are key to resolving any technical issues, allowing you to fully enjoy the benefits of Venmo’s services.