• Y'all can have two Venmo accounts using different depository financial institution accounts or even the same bank business relationship.
  • Having 2 Venmo accounts is a bully characteristic if yous share a joint banking company account with your partner or family unit member.
  • When someone else adds the aforementioned depository financial institution details to their Venmo account, yous'll get a notification, which can assist yous guard against fraud and theft.
  • Visit Business organisation Insider's homepage for more stories.

If you lot have a joint banking company account, you lot may wonder if Venmo — the popular money transfer app for iPhone and Android — will allow both you and the person you share the depository financial institution account with add it to your respective Venmo accounts.

The short answer: Aye, yous can both have that bank business relationship added to your Venmo accounts without causing issues. But information technology's limited to two accounts at in one case.

When this happens, the beginning person to add the account will go a notification when another user adds that bank information to their own Venmo account. This is meant to assistance protect users who haven't given another person permission to add their banking company details.

To have advantage of this selection for those with joint accounts, all you have to practice is make a new Venmo account and add together your bank data.

Check out the products mentioned in this article:

iPhone 11 (From $699.99 at All-time Purchase)

Samsung Milky way S10 (From $899.99 at Best Purchase)

How to add a bank account to your Venmo account

1. Open the Venmo app on your iPhone or Android phone.

2. Tap the three stacked lines in the tiptop-left corner of the screen to get to the Venmo menu.

3. Select "Payment Methods."

4. Tap "Add Bank or Menu..."

2 CAN YOU HAVE TWO VENMO ACCOUNTS

Add together a new payment method to your account.
Devon Delfino/Business concern Insider

5. Tap "Banking concern."

3 CAN YOU HAVE TWO VENMO ACCOUNTS

Upwards to two different Venmo accounts can add a single banking company.
Devon Delfino/Business organisation Insider

half dozen. Select how you want to add your banking concern account: "Instant" (which requires you to sign into your banking concern business relationship) or "Manually" (which requires you to input your bank account'due south routing and business relationship numbers).

cd

If your bank has an online banking portal, you lot can use "Instant."
Devon Delfino/Business Insider

7. Follow the on-screen prompts according to the method yous chose to add your banking concern account to Venmo.

Be aware that when you add a new depository financial institution to your Venmo business relationship, the app will process "micro transfers" for that bank business relationship, pregnant they will take out (and immediately return) amounts of less than $one each. This is just to verify that yous've added a valid business relationship.

Related coverage from How To Practise Everything: Tech:

  • 'Does Venmo charge a fee?': A guide to Venmo fees, and how to avoid them

  • How to receive coin on Venmo and transfer funds to a connected bank account

  • How to send money on Venmo to anyone with an business relationship, and set up a privacy setting for payments

  • 'Does Venmo work internationally?': No, you must exist physically located in the US — here'due south what you need to know

Devon Delfino is a Brooklyn-based freelance journalist specializing in personal finance, civilisation, politics, and identity. Her work has been featured in publications such equally The Los Angeles Times, Teen Vogue, Business Insider, and CNBC. Follow her on Twitter at@devondelfino.