Learn How to Get a Venmo Cash Advance Online

How to Get a Venmo Cash Advance Online

Are you short on cash? While Venmo is typically used to pay your friends back for dinner and other peer-to-peer payments, unexpected expenses may have you wondering how to get a Venmo cash advance online. While you can’t borrow money through Venmo directly, you can link your Venmo account with your bank account or debit card to transfer money. By transferring money, you’ll have an available Venmo balance to send money to friends or make purchases through participating stores. Keep in mind that immediate transfers on Venmo can incur fees, like the instant transfer fee.

Before increasing your Venmo balance and paying the fee to access your money immediately, it’s important to explore all of your cash advance options if you need fast funds to take care of personal expenses.

What Cash Advance Apps Work With Venmo?

If you don’t have money in the bank to add to your Venmo balance, you might be wondering if there are any cash advance apps that work with them to help you get your funds. With a cash advance app, you can access a portion of your paycheck and repay it within a short timeframe of around two weeks or less, in some cases.

These apps are not affiliated with Venmo, but they can help you get a cash advance online when you need $500 to handle bills until your next paycheck. Each app has its own fees for borrowing funds, so you’ll need to keep that in mind when considering working with an app to make ends meet. Understanding all of the relevant costs, including the Venmo instant transfer fee, can help you make an informed decision. Whether you need a $50 instant cash advance or $500, finding financial help online is possible. 

Dave

While Dave is known for protecting users from overdraft fees, the financial app can also offer smaller cash advances to help users make their paychecks “stretch” a little farther. If your primary bank account through Dave is also connected to Venmo, you can request a cash advance through Dave. Then, once the funds hit your account, transfer the money to your Venmo balance. It’s not a direct deposit to Venmo per se, but it is a workaround to get your money where you want it. However, one drawback is that, like Venmo, there is a fee to get an instant transfer that same day. Before you hit the button to request it, make sure that the speed is worth the extra charge you’ll need to pay to access funding. 

Earnin

Earnin is designed for hourly workers who need quick access to funds. You can access a certain percentage of your paycheck per period (depending on your state of residence) and repay it on your next payday. Like Dave, Earnin does have fees for same day cash advances, so keep that in mind when scheduling or requesting payments.

Empower

Empower, like other instant cash advance apps, deposits funds into a linked bank account and can offer up to $250 per pay period. Once the funds hit your account, you can transfer them to your Venmo balance, just like you would through other fast advance apps. ACH transfers to a bank account may take a few days unless you are willing to pay the instant transfer fee, along with the subscription fee of $8 per month. You won’t be able to request a cash advance without paying the monthly fee, so consider the pros and cons of using this type of service ahead of time. 

Is There a Fee to Get an Instant Venmo Cash Advance Online?

As mentioned above, Venmo charges an instant transfer fee to access your funds immediately from your balance. As for cash advance apps, there is often a similar fee to get your funds the same day you are requesting them.

Typically, it’s a flat fee or a percentage of the requested amount. For example, let’s say that you use a cash advance app to get $100 on the same day.

You may pay $5.99 in fees just to get your cash on the day you need it. If you aren’t carefully planning in advance, you may just pay the fee and not think anything of it – until it comes out of your next paycheck!

Alternatives to Using Venmo for Cash Advances

Accessing funds through Venmo isn’t your only option when you need an influx of cash. Check out some of the ways you can get emergency cash to handle personal expenses or pay your friends back after a night out:

Credit Card Cash Advances

If you already have a credit card from a provider, you can access a portion of your available credit line through a product called a credit card cash advance. Cash advances tend to have higher APRs than regular card purchases, however, so that is something to keep in mind when choosing this option.

Side Hustles 

Got a car and a driver’s license? Use your wheels to earn some extra cash! Ridesharing is just one of the many side hustles you can explore so that you don’t need to get a Venmo cash advance online. 

Explore Cash Advance Loans

A cash advance loan is a short-term loan that helps you get fast funds when you need a little bit of extra help.⁵ If you’re living paycheck to paycheck, you may not have enough money to make ends meet! With a cash advance loan, you can get access to money, even if your credit history isn’t perfect.⁵ 

FAQs About Getting a Venmo Cash Advance Online

Got questions about getting a Venmo cash advance online? We’ve got answers. See what other people are asking by reviewing the questions below:

Does Capital One charge cash advance fees for Venmo transfers?

P2P transfers, more commonly known as sending money to your friends via app platforms like Venmo, are a popular way to pay for dinners and other services. If you use your Capital One credit card to send money to a friend, it’s treated as a credit card cash advance, not a regular purchase with your card. Credit card cash advances from many providers often have higher interest rates than typical purchases at retail stores, 

How do I get instant money from Venmo?

Although Venmo charges an instant transfer fee to move your money from a checking account to a savings account, it is a fast way to get funds without a hassle. However, it isn’t borrowing money from the app directly. 

Can I get an advance on my paycheck?

Yes, through payday loans or paycheck cash advance loans, you can access some of your paycheck in advance! Get a paycheck advance loan and don’t wait around for your finances to fix themselves.⁵ If you can’t make ends meet, you are not alone! Max Cash can help you get connected to the financing option you need to get yourself back on track. Complete a short form now at your convenience or call 833-277-9052 to get started 24/7!