Yes. Venmo Borrow lets select users borrow $200–$5,000 with a 5% flat fee, repaid over 4 monthly installments. This is invite-only — eligibility depends on direct deposit history, credit profile, and state regulations. If "Borrow" appears in your app, you qualify.
Venmo Borrow charges a flat 5% fee on the principal amount. For example, a $2,000 loan has a $100 fee, making the total repayment $2,100 split across 4 equal monthly payments of $525. There are no additional interest charges, no late fees, and no prepayment penalties.
Dave (up to $500), MoneyLion Instacash ($25–$1,000), Klover ($750), and Current can transfer cash advances to your Venmo-linked debit card. Venmo itself does not offer a direct cash advance feature — these are separate third-party services.
Venmo Credit Card
Apply directly through the Venmo app. You must be 18+, a US resident, and have a Venmo account in good standing for at least 30 days. The card is issued by Synchrony Bank and typically requires a FICO score of 640 or higher. No credit impact if declined.
Synchrony Bank typically approves applicants with a FICO score of 640 or higher (fair to good credit range). The initial application uses a soft credit pull with no impact on your score. A hard pull only occurs upon actual approval.
Debit Card & Stash
Venmo Stash is a tiered rewards program earning up to 5% cash back at participating brands with the Debit Card. Auto reload earns 2%, direct deposit unlocks 5%. Maximum $100 cash back per month, deposited directly to your Venmo balance.
Crypto Trading
Yes. Venmo supports buying, selling, and holding Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and PayPal USD (PYUSD). Start from $1. Since May 2026, crypto services are provided by PayPal Digital, Inc. (Venmo Digital).
Direct Deposit & Fees
The Venmo routing number is 124085244. Your unique account number is in the app under Settings → Direct Deposit. You can receive paychecks up to 2 days early with no fees, and eligible deposits are FDIC insured through Program Banks.
Venmo funds are FDIC insured through Program Banks when you use Direct Deposit, cash a check, or have a Venmo Debit Card. PayPal is not a bank. Cryptocurrency holdings are never FDIC insured and may lose value.
P2P via bank/debit is free. Credit card payments cost 3%. Instant transfers cost 1.75%. Standard bank transfers are free (1–3 days). Free ATM at 40,000+ MoneyPass locations. The Credit Card has $0 annual fee. The Debit Card has $0 monthly fee.
Pay in 4 & Teen Account
Yes. Split $30–$1,500 purchases into 4 interest-free bi-weekly payments at participating merchants through the PayPal ecosystem. No late fees, no sign-up costs. First payment due at checkout.
For ages 13–17, linked to a parent's account. Teens get a personalized Mastercard Debit Card with a $3,000/day purchase limit and $7,000/week. Parents receive real-time notifications, can view all spending, and can lock the account instantly. No monthly fee.
Still Have Questions?
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Venmo is a service of PayPal, Inc. PayPal is not a bank, does not take deposits, and is not FDIC insured. The Venmo Visa® Signature Credit Card is issued by Synchrony Bank. The Venmo Mastercard® Debit Card is issued by The Bancorp Bank, N.A.
Venmo Borrow: $200–$5,000, 5% flat fee. Invite-only. Not all qualify. APR and fees accurate as of September 2026, subject to change. Venmo® is a registered trademark of PayPal, Inc.