Can You Have Multiple Venmo Accounts? (What You Need To Know) -

Venmo is a convenient payment app that is designed to help you split bills with friends, family and loved ones. One common question that comes up is if it’s possible to have more than one Venmo account at once.

In this blog post, we’ll answer the “Can I have multiple Venmo accounts” question.

Answer To The Question Can You Have Multiple Venmo Accounts:

The answer to the question is yes it is possible to have two accounts. The biggest downside is that you’ll need to sign up for a the second account with a different phone number than your profile because you can’t make two accounts under the same number. One way around this is to get a temp number from a web site like TextNow so you can sign up for a second account. another option is if you have a work phone you can use that number.

Can You Use The Same Bank Account For Two Accounts?

Unlike the phone number problem when making a second account with Venmo you can actually use the same bank account for your second account. This is where they draw the line though you’re only allowed two accounts per bank account. The reason they set this number at two is because a lot of couples have joint bank accounts which if they couldn’t use two accounts for the same one, a lot of people wouldn’t be able to sign up for Venmo and would have to stick with PayPal or cash.

How do I set up a second Venmo Account?

It’s literally the same process as signing up for your first account. You’ll need to download the app, go through the registration process and then connect it with your bank account.

The biggest problem as stated above is that you’ll need a different phone number. If you have two phones this isn’t too big of an issue but if not there are some alternatives listed above in the article that can work for you.

You will also most likely get a notification that your bank account is being used on a different Venmo account. All you’ll have to do is click through it and accept (not cancel) the request.

Is It Possible To Merge Two Accounts?

Unfortunately, there is no way to merge two Venmo accounts connected to the same bank account together into one account. If this is an issue for you there is an easy fix.

If you and your partner do a side hustle together just make one Venmo account for that side hustle. This way you can just collect payments on that one account.

What Are The Benefits Of Having Multiple Venmo Accounts?

Side Gigs:

If you run certain side gigs where you take payment, using a second account can help you stay organized with your earnings.

For example if you make money babysitting or dog walking having two accounts can be very helpful. You can have one account that is designated for personal expenses and another that is strictly business where you’ll put all the $$$ made from your side gig into.

This makes it very convenient to be able to report the money you make as you don’t have to go through and combine both accounts.

Separate Friends and Side Hustles:

One account could be for receiving payments for your side gigs and another could be strictly for friends and family to send you money.

Can you make a Venmo account without a phone number?

You can create a Venmo account without a phone number. The biggest problem with this is you need to verify that account with a phone number in order to start using it. So in other words, no you can’t.

Conclusion:

The answer to the question, “Can I have multiple Venmo accounts” is yes you can as long as you follow the rules.

We hope you found this blog post helpful. If you did please leave us a comment below with any feedback, questions or suggestions.

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