Popular money transfer service Venmo is polishing its money movement cred today. In a blog post, Venmo claims it will transfer your money in “minutes.”
Venmo states:
“This may sound familiar- and it is. Last year we launched Instant Transfer via debit card, allowing users to transfer the money in their Venmo account to their eligible Visa and Mastercard debit card within minutes for a 1% fee (minimum fee $0.25, maximum fee $10). We’ve seen a great response from the Venmo community, so we’re thrilled to now offer Instant Transfer to your bank account within minutes for the same small fee. We also will continue to offer our free standard bank transfer which typically takes 1-3 business days.”