Venmo Lost Connection With Bank? Why & How To Fix (2024)

Are you seeing the "We lost connection with your bank" error on Venmo?

If so, you're not alone. This is a common error that can be caused by a number of factors, including changes to your banking information, your bank's security settings, or a problem with Venmo's servers.

Why Venmo Lost Connection With Bank?

Venmo is a popular mobile payment app that allows users to send and receive money quickly and easily. However, sometimes Venmo users may experience an error message that says "We lost connection with your bank." This can be frustrating, as it can prevent you from sending or receiving money.

• You recently changed your banking information. If you've made any changes to your account number, routing number, or online banking password, you'll need to delete your bank account from Venmo and add it back again.
• Your bank's security settings have changed. Some banks have recently implemented new security measures that can interfere with Venmo's ability to connect to your account. If you're having trouble connecting to your bank, you can contact your bank to see if they have any information about recent changes to their security settings.
• You're using an outdated version of the Venmo app. Venmo regularly releases updates to its app, which can include bug fixes and security improvements. If you're using an outdated version of the app, you may experience problems connecting to your bank. Make sure you have the latest version of the app installed.
• There's a problem with Venmo's servers. On rare occasions, there may be a problem with Venmo's servers that prevents them from connecting to banks. If you're having trouble connecting to your bank, you can check Venmo's status page to see if there are any known problems.

How To Fix Venmo Lost Connection With Bank

1. Delete your bank account from Venmo. This will reset the connection between your Venmo account and your bank.
2. Restart your device. This can sometimes help to clear up any temporary issues that may be causing the error.
3. Re-add your bank account to Venmo. When you add your bank account back, make sure to enter all of your information correctly.
4. Verify your bank account. Venmo may ask you to verify your bank account again. This can be done by entering a code that is sent to your phone or by making a small deposit into your account.

If you've tried all of the above and you're still having trouble connecting to your bank, you can contact Venmo support for help.

Here are some additional tips for troubleshooting the "We lost connection with your bank" error:

• Make sure you're using the latest version of the Venmo app.
• Check your internet connection to make sure it's working properly.
• Try connecting to your bank from a different device.
• Contact your bank to see if they have any information about recent changes to their security settings.
• Contact Venmo support for help.

Venmo Lost Connection With Bank Plaid

Plaid is a third-party service that Venmo uses to connect to banks. If Plaid is experiencing technical difficulties, it can prevent Venmo from connecting to your bank. You can check Plaid's status page to see if there are any known problems.

Here are some tips for troubleshooting the "We lost connection with your bank" error:

• Make sure you're using the latest version of the Venmo app.
• Check your internet connection to make sure it's working properly.
• Try connecting to your bank from a different device.
• Contact your bank to see if they have any information about recent changes to their security settings.
• Contact Plaid to see if they have any information about their technical difficulties.
• Contact Venmo support for help.

What Happens If You Don't Have A Bank Account For Venmo?

If you don't have a bank account, you can still use Venmo to send and receive money. However, there are some limitations. You won't be able to:

• Link your Venmo account to a bank account, so you won't be able to transfer money to or from your Venmo balance.
• Make payments for goods or services.
• Use Venmo's "instant transfer" feature, which allows you to send money to your bank account immediately.

Instead, you can use Venmo to send and receive money by linking a debit card to your account. When you send money using a debit card, Venmo will charge a fee of 3% of the amount sent. You can also use Venmo to request money from others, but they will not be able to send the money directly to your bank account. They will have to send the money to your Venmo balance, and you can then transfer it to your bank account.

Here are some other things to keep in mind if you don't have a bank account and want to use Venmo:

• You will need to verify your identity with Venmo before you can start using the app.
• You will need to add a valid phone number and email address to your Venmo account.
• You will be limited to sending and receiving a maximum of $299.99 per week.

If you need to send or receive more than $299.99 per week, you will need to link a bank account to your Venmo account.

Conclusion

Venmo is a popular payment service that allows people send and receive money.

If your Venmo lost connection with your bank, consider updating your bank details on the app and checking your internet connectivity.

Also, make sure your account does not violate any policies so as to use Venmo's full features.