JANUARY 4, 2021 | VENMO
We know now, more than ever, many of you are using Venmo to spend and manage your money. Whether you’re sending payments to support friends, family, and people in your community, or paying for essentials like groceries and bills, we’re here to help.
Today, we’re introducing a new feature in the Venmo app for select customers called Cash a Check with Venmo, to make accessing your money even more seamless. Venmo’s new check capturing feature will allow you to quickly and seamlessly cash checks straight from the Venmo app, without needing to visit a bank or physical check-cashing location, or worry about waiting in lines as people continue to follow social distancing protocols.
Plus, for people who may have recently received a government stimulus paper check, all fees associated with the Venmo Cash a Check feature for these funds will be waived for a limited time, to enable affordable access to this much needed funding, so you can use it on the things you need most. *
Using Venmo’s Cash a Check feature from the safety of your home
The Venmo Cash a Check feature allows select customers to cash checks and have them sent to a Venmo account. Using the fast-access Cash a Check feature is simple – eligible customers in the US can take a picture of the check they want to cash and send it for review using the Venmo app on a mobile device, rather than visiting a physical check-cashing location. Reviewing a check for approval usually takes a few seconds, although it can take 3-5 minutes and in rare circumstances, up to an hour to verify enough check information to make an approval decision.
If the check is approved, the money will be transferred to a Venmo account in minutes, with the fees associated with instant disbursement waived for all government-issued stimulus checks processed within the Venmo app. Fees will be waived for a limited time only. Checks which aren’t approved will not be processed and funds will not be received through Venmo.
To see if you’re eligible and to access the new Cash a Check feature, download the latest version of the Venmo app on iOS or Android and make sure you’re running the latest operating system on your mobile device.
For more information, go to www.venmo.com/stimulus.
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