How to delete a Venmo account

Venmo is one of the industry leaders in virtual wallets. As such, you may have already opened an account but haven't used it for a long time. When you opened the account, you submitted a ton of personal and financial information. Now, you may be worried that the open and unused account will expose you to identity theft or other cyber crimes.

Fortunately, opening a digital wallet account is not a lifetime contract. You can close your account to delete your personal information. This article will show you how to delete your Venmo account and possibly lessen your worries.

How to Delete Venmo Account on Android

The majority of Venmo users rely on mobile devices to transact. However, you cannot delete your account through the Android mobile app. A laptop or desktop computer is required to make this change. You must be logged into your Venmo website in a web browser, but you can use your Android to take the first steps in preparing to delete your account.

To get started, check your balance in the app on your device. Venmo will not close an account that has a remaining balance. Any money in your account must be withdrawn before you can close it on the Venmo website. If you have a balance, you can use your Android device to transfer all funds from your account as follows:

  1. Log in to your account from the Venmo app.
  2. Select the blue “You” icon (top left corner).
  3. Tap "Add or Transfer" (under your profile picture).
  4. Enter the total amount of money remaining in your account.
  5. Select “Instant” (for a small fee) or “1-3 business days” (free).
  6. Choose the debit card or bank account where the money should be transferred.
  7. Tap "Transfer" to confirm.

It will take a few days for your withdrawal to be completed. It is essential that you do not close your account until you have confirmed that it has a zero balance. Once the transaction is complete, you will see the money you transferred added to your bank balance. Once you've confirmed the transfer, you can log in from a web browser and follow the instructions to delete your account.

How to Delete Venmo Account on iPhone App

So far, you've probably used your iPhone for Venmo transactions. However, from this point on, you cannot delete your account using the iPhone app. Like most financial companies, Venmo requires major changes to their website for security reasons. To do this, you will need a computer to open a web browser.

However, you can prepare in advance to delete your account from the mobile application. Venmo will only close an account with a zero balance. Following these rules, check the app to see if you have money in your account. If so, you can use your iPhone app to withdraw the remaining balance. Here's how:

  1. Log in to your Venmo account from the app.
  2. Tap "You" (the blue figure with the dollar sign).
  3. Select the “Add or Transfer” option.
  4. Type in the amount to withdraw (must be equal to your total balance).
  5. Choose "Instant" (pay a small fee) or "1-3 business days" (free of charge).
  6. Select the bank account or debit card you want to transfer your money to.
  7. Confirm by clicking the green “Transfer” button.

Once you exhaust your account, it will take a few days for the transaction to be fully completed. Although you will receive a notification about the withdrawal from Venmo, wait until your bank has confirmed the transfer before deleting your account on the Venmo website.

How to Delete a Venmo Business Account

Maybe you have a business account in addition to your personal Venmo profile. Venmo treats profiles as separate accounts. If you no longer need a business account, you can close it and keep your personal profile. However, you can't just use the app or delete it through Venmo's website.

To delete your Venmo business account, you must contact the company in one of the following ways:

  • Email Venmo Business Profile Support to request deletion of your business account.
  • Initiate a request by filling out a Contact Us form on the Venmo website.
  • Call Venmo at its customer service phone number.

Once you contact Venmo, their representative will walk you through the proper steps to delete your business account. You may need their direct assistance to comply with specific regulations regarding the closure of business accounts. Before you begin the process of closing your Venmo business account, you should know the following:

  • Your Business Profile cannot be reopened once you have closed it.
  • Venmo may need to verify your identity for tax purposes before closing your account.
  • You will not be allowed to create another business profile linked to your current personal account.

Be sure to complete and submit any forms Venmo may require. Keep copies of all correspondence, transaction history, and other information related to your business account. If you still have a personal account, you can continue to use it for private transactions only.

How to delete a bank account from Venmo

You may have closed your existing bank account or decided to use a different one for your Venmo profile. If so, you can easily delete the bank account on your Venmo profile. The steps below show you how to delete a bank account with the app and a web browser.

To delete a bank account in the Venmo app:

  1. Open the app on your mobile device.
  2. Go to the “You” tab (the blue silhouette icon).
  3. Select "Settings" (the gear icon).
  4. Choose "Bank" from the list of account settings to edit.
  5. Delete the bank account you want to delete.

You will be allowed to add another bank account to replace the one you deleted from the "Settings" page if you wish. Other account information such as your email address and phone number can also be edited from this page using the Venmo app on your mobile device.

Steps to delete bank account from Venmo in web browser:

  1. Go to the Venmo website and log in to your account.
  2. Go to the “Settings” page.
  3. Select "Bank" from the list of parameters to modify.

It only takes a few steps if you need to remove a bank account from a business profile. Switch to your business profile by tapping your photo in the top left corner and follow the steps above to delete your bank account. Additionally, you can add a new bank account or make other changes to your account from the "Settings" page.

Put your mind at ease

You can take action if an abandoned Venmo or other financial account is keeping you up at night. The solution is to permanently close your account. Even if you're currently "between computers," you can find a way to delete your Venmo account.

There are many ways to access computers and the Internet. Consider borrowing a computer from a trusted friend or relative or using a computer at your office. It only takes a little effort to have peace of mind.

Did you close a Venmo account that you weren't using? Let us know if you tried the steps in this article using the comment box below.

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