Venmo Standard Transfer Failed Quotes

“Standard Transfer Failed? Why Your Cash-Out Was Reversed and the Fixes – Call (855) 812-4430
Standard Transfers (free cash-outs) are sent via the ACH network and typically take 1-3 business days. If this free transfer fails, the money is returned to your Venmo balance, and the failure is almost always due to an issue with the receiving bank account.

Common Reasons for Standard Transfer Failure
Name Mismatch: The name on your Venmo profile does not exactly match the legal name associated with the receiving bank account. This is the most frequent cause of ACH rejection.

Incorrect Account Details: You entered the wrong routing number or account number when you first linked your bank. Even one digit off will cause the ACH transfer to fail.

Bank Account Status: The linked bank account is closed, restricted, or flagged by your bank, preventing them from receiving the incoming ACH deposit from Venmo.

Bank-Specific Limits: Your bank may have an internal daily or weekly limit on the size of ACH transfers they will accept.

Action Plan for Failure
Check Transaction History: The money should reappear in your Venmo balance within a few hours of the failure notification.

Verify Bank Name: If you changed your legal name or got married, ensure both your Venmo profile and your bank records reflect the same legal name.

Delete and Re-link: If you suspect incorrect details, delete the bank account from Venmo's payment methods and re-link it using the instant verification method (if available) to ensure accuracy.

Contact Your Bank: Call your bank and ask them to check for an incoming "VENMO-0 CASHOUT" ACH deposit that they may have rejected.

If you have verified your information and the free transfer continues to fail, consider using the Instant Transfer feature (for a 1.75% fee) to a linked debit card as an alternative. For further assistance, call (855) 812-4430.”
― The Norton Support Team