Venmo account holders can transfer funds to others via a mobile phone app; both the sender and receiver have to live in the U.S.
Venmo wants to help you get your stimulus payment quickly. With Venmo's Direct Deposit feature, you can send your stimulus payment to your Venmo account instead of waiting for a paper check.
You can receive money on Venmo after you connect a bank or card with your account. After you add a bank or card, you will receive money when someone sends a payment to your Venmo username.
If you want to see if your card carries a fee, you can do so by going into your Settings Payment Methods, and tapping on the card. You'll also be notified while adding a card that falls under this category.
