Venmo is smarter than you think!
4 Ways Your Venmo Account Is Even Smarter Than You Thought
With over 40 million users in the United States, Venmo has transformed the way we send and receive money and split costs with friends and roommates. Gone are the days of digging for exact change in our wallets or heaven forbid writing a check. And better yet, gone are the days of awkward, “when are you going to pay me back?” convos with your roommates (tysm, Venmo reminders). But you can actually do way more than just transfer money from person-to-person using Venmo. Here, my four favorite ways to use Venmo to spend and save smarter this back to college season. Trust me, these are game-changers.
Rack up your Venmo money so you can splurge later
Apply for the Venmo card and spend your Venmo money anywhere Mastercard® is accepted, in-store and online (!!!). With no-cost withdrawals from select ATMs** and contactless payments (you can still insert your card if you prefer the #chiplife), the Venmo card is your new BFF. I use it at least three times a week to split the dinner bill with my friends (tip included) in the Venmo app. P.S., the card comes in 6 different colors and the pink one is what dreams are made of.
ICYMI, Venmo makes it super easy to transfer your Venmo balance into your bank account. If you choose a standard transfer, it takes about 1-3 business days depending on your bank. But if you’re out on a Friday night and need your money now (relatable), use Instant Transfer, which arrives in your bank account within minutes***. There’s a 1% fee on this transfer—the lowest minimum fee is $0.25, highest is $10. I’m super impatient when it comes to having my money returned to my bank account, so I literally use Instant Transfer all the time
Whether you’re figuring out what you’re going to order for dinner on Uber Eats, picking a movie from Fandango, or sharing an Uber ride home, you can pay with Venmo in these popular apps and then split the cost with your friends on Venmo. The best part? No math required—Venmo does it all for you (looking @ you, English majors).
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