What is the Venmo routing number?

Venmo assigns each user an individual routing number when they enable direct deposit. Venmo's banking features are powered by The Bancorp Bank, and most users receive routing number 031101334, though your specific number may differ.

Venmo, owned by PayPal Holdings, launched its direct deposit feature to compete with neobanks like Chime and Cash App. Like Cash App, Venmo's routing number is tied to your individual account rather than being a universal bank routing number.

How to find your Venmo routing number

In the Venmo app, go to Settings, then tap 'Direct Deposit' to view your routing and account numbers. You must set up direct deposit before these numbers become available.

If you've already set up direct deposit, you can also find your routing number by going to the 'Me' tab and tapping on your Venmo balance, then 'Direct Deposit'.

Venmo direct deposit details

Venmo supports direct deposit for paychecks, tax refunds, and government benefits. Users may receive funds up to two days early depending on when the sender initiates the transfer.

You can split your direct deposit between Venmo and another bank account if your employer supports multiple deposit destinations.

Venmo transfer limitations

Venmo does not support incoming or outgoing wire transfers. The routing number provided by Venmo only works for ACH-based transactions like direct deposit and ACH transfers.

For bank-to-bank transfers, you can link an external bank account to Venmo and transfer funds between them. Standard transfers take 1-3 business days; instant transfers incur a fee.

Slash for business payments

Venmo is designed for personal peer-to-peer payments. For businesses, Slash provides proper business banking with full wire and ACH support, dedicated routing numbers, unlimited virtual cards, and robust expense management.

Unlike payment apps, Slash offers the financial infrastructure businesses need - from vendor payments to payroll, all with real-time tracking and accounting integration.