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Move up your payday.

Why wait to spend the money you've earned? Most paychecks need a day or two for processing, but we make your money available as soon as we get it from your employer.²

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Do more with your money – on the double.

With Direct Deposit on Venmo, you can use your hard-earned money to settle up, shop with the Venmo Debit Card, or pay with Venmo on your favorite mobile sites and apps quickly. 

Setup is simple.

Get Venmo

Open the Venmo app and go to Settings, then Direct Deposit, for your account and routing numbers. 

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Fill out your employer’s form

Complete your employer’s Direct Deposit form using your account and routing numbers from the Venmo app.

Choose the amount

Choose how much goes in your Venmo account—your whole paycheck, or just some.  

No extra fees, plus other perks.


No additional cost.


We keep it simple and transparent. Get your money fast1 and pay no additional fees for using Direct Deposit.


Get your federal tax refund up to 5 days early.

You can even use Direct Deposit to get your federal tax refund early3. Simply file with your Venmo routing and account number to get started.

Pass-through
FDIC Insurance.

If you have added money to your Venmo account using the cash a check feature, have bought or received cryptocurrency with your Venmo account, or you or a Teen User have been issued a Venmo Mastercard® Debit Card that has not been closed or canceled, or have used Direct Deposit to added money to your Venmo account balance (including to a balance associated with a Teen Account), we will place your U.S. dollar Venmo account funds at one or more Program Banks.


Any other Venmo account funds and all cryptocurrencies are not held in FDIC insured bank deposits. Cryptocurrencies may lose value. See the Venmo User Agreement.

FDIC insurance protects against the failure of a Program Bank, not the failure of PayPal, which provides the Venmo service.
PayPal is not a bank, does not take deposits and is not FDIC insured.


Direct Deposit FAQs(opens in a new tab)

Do more with Venmo.

Send and receive money.

Venmo is the simple, social way to pay and get paid. 

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Manage your money.

Move money in and out of your Venmo account with ease. 

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Shop your favorite brands.

Move money in and out of your Venmo account with ease. 

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Get the
Venmo app

¹ Early access compared to standard banking practice of posting funds at settlement and subject to your employer providing pay information to the bank prior to payday. It may take up to two pay cycles for Direct Deposit to take effect. Transactions are reviewed, which may result in delays or funds being frozen or removed from your account. The availability of Direct Deposit is subject to your employer sending paycheck information 1-2 days in advance of payday.

² Early access to your tax refund deposit applies to federal tax returns and requires Venmo Direct Deposit enrollment. Federal tax returns must be filed directly with the Internal Revenue Service (IRS). Early access to tax refund deposit as compared to receiving via standard banking direct deposit method, is subject to IRS timing, payment instructions, a Venmo account in good standing and fraud prevention measures.

The Venmo Mastercard® is issued by The Bancorp Bank, N.A., pursuant to license by Mastercard International Incorporated. Card may be used everywhere Mastercard is accepted. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. The Bancorp Bank, N.A. is issuer of the Card only and not responsible for the associated accounts or other products, services, or offers from Venmo.

All trademarks and brand names belong to their respective owners. Use of these trademarks and brand names do not represent endorsement by or association with this card program. All rights reserved.

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