Why Hasn’t Venmo Taken My Money From My Bank Account?

Why hasn’t venmo taken my money from my bank account? This is one of the most commonly asked questions by Venmo users that are begging for answers. If you are one of those who wish to get the best answers to this question, then come along with me as I show you every tiny detail you need to know about why your bank account has not been debited after initiating that transaction on Venmo.

Venmo has earned the trust of many people due to its seamless transactions over the years of its existence hence it has millions of users from the US. However, in the course of using the app for sending and receiving payments, some users have encountered some challenges such as not being debited after sending a payment. This has prompted questions like “Why hasn’t Venmo taken money from my bank account?”

Some of the commonest reasons are invalid bank accounts, unverified accounts, and declined payments, among others. In this article, we will be examining them one after the other. So read to the end to get all the information.

Why Hasn’t Venmo Taken My Money From My Bank Account?


There are very many reasons why Venmo hasn’t taken money from your bank account. Some of them are explained below.

1. Venmo Server Error

Most times, if money for a certain transaction has not been taken from your bank account by Venmo, the problem is not from your end. It could be a result of a Venmo server error or problem. The app’s server often experiences downtimes due to the number of users and transactions sent daily.

This often leads to delay hence your transaction has not been processed. This is the most frequent reason for that problem but if you are sure that the issue is peculiar to you alone, then read on to see other reasons.

2. You May Have Initiated A Standard Transfer

Another answer to “Why hasn’t Venmo taken money from my bank account” is that you made a Standard Transfer. When sending money on the app, you are made to choose between the Instant and Standard Transfer options. Instant transfers are sent within 30 minutes but at a fee. Standard transfers are free but will take up to 3 business days to process.

Therefore, going with the Standard Transfer option could be the reason why your account hasn’t been debited.

3. It Was Done On A Weekend

In the same vein, if the standard transfer was made on a weekend or holiday, it will not be processed till the next business day.

4. Pending Payment

It could also be that Venmo hasn’t taken money from your bank account because your payment is still pending. In other words, the transaction has not been completed. This could be because it was sent to an unverified email or phone number on Venmo. It could also be that the recipient does not have an active Venmo account.

5. Payment Declined

Venmo could also decline your payment sometimes. And this happens most often with Instant Transfers. It could be due to security reasons especially associated with unverified bank cards or conflicting card details. And of course, when a payment is declined, money will not be taken from your account.

6. Invalid Or Unverified Bank Account

Some bank accounts on Venmo are marked invalid when two users use that account. Hence they can not send or receive payments. It can also be invalid if it is a savings account that does not accept electronic or ACH transfers. Additionally, if you have exceeded your transaction limits.

Furthermore, when you have not verified your bank account with Venmo before making the transfers, it could be a contributory factor. And all of these could be the reason why Venmo hasn’t taken money from your bank account.

7. Incorrect Bank Account Details

This is a common error that happens to users and can result in not being debited as the transaction will not be completed. When you enter incorrect or wrong bank details there is every tendency that hiccups will occur.

8. Poor Internet service

A poor internet connection from your end could also be a reason why Venmo hasn’t taken money from your account. This problem is common with using a wifi connection.

9. Violation Of Venmo’s Policy

Venmo will not approve your transaction if you or the recipient have violated any of its policies in any form. Also, any form of security threat from your account or the other party could lead to placing a temporary ban. An example of such violations could be sending or receiving money from a stolen card.

What To Do If Venmo Hasn’t Taken Money From Your Bank Account


With all of the causes of this problem discussed above, I know you must have been able to deduce why Venmo hasn’t taken money from your bank account. Now let’s itemize the possible solutions or quick fixes to the issue below.

  • Get your bank account verified with Venmo. The verification process is usually not stressful.
  • Check your bank account details for the specific transaction to make sure they are correct.
  • Ask the recipient to verify their email or phone number with Venmo or add your email address to their Venmo account if they have an active one.
  • Cancel the payment and send it again.
  • Check your internet connection and switch it from wifi to mobile data.
  • Contact Venmo customer service for help.
How To Contact Venmo Customer Service

Use any of the following media to contact Venmo

  • Call (855) 812-4430 between 8:00 AM and 8:00 PM CT every day.
  • Chat with a representative on the Venmo mobile app between 8:00 AM and 10:00 PM daily.
  • Visit venmo.com\contact-us

Venmo Payment Not Taken Out Of Account

There are several reasons Venmo payment has not been taken out of your account, just as I mentioned above. And it’s probably because you don’t have enough money in your account to cover the payment, or the payment was declined by your bank.


How Long Will It Take For Venmo To Take Money From My Bank Account?


If you initiate an instant transfer, Venmo will take money from your bank account within 30 minutes. On the other hand, if the transaction is a standard transfer, you will be debited within 1-3 business or working days.

How long does it take for a Venmo payment to show up in my bank account


A Venmo payment will typically show up in your bank account within 1-3 business days. This is because Venmo uses the ACH (Automated Clearing House) network to process bank transfers, and ACH transfers can take up to 3 business days to complete.

However, there are a few things that can affect the transfer time: The time of day you request the transfer, your bank’s processing time, and the weekend.

How Long Does Venmo Hold Money?

Venmo holds money for at least 21 days within which it will be automatically made available to you.


There are many reasons why Venmo hasn’t taken money from your bank account and we have discussed 9 of them and how they can be fixed in this article. So go ahead and fix yours. If the issue persists, contact Venmo through any of the media stated above.

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