So here's my understanding: PayPal owns Venmo. Venmo can transfer to any bank that has ACH Transfers The Bancorp Bank handles all things paypal (Business Debit Card, PrePaid Mastercard, etc.) The Bancorp Bank does ACH Transactions. PayPal Business Debit Cards do not provide a routing/account number for deposits (called in to verify) Advised to purchase (Obtain + Load) a PayPal PrePaid Mastercard and attach to PayPal for deposits. Questions: Why when I enter the routing and account number does Venmo keep telling me they don't support that bank? How is it in this day and age 2 companies under the same umbrella, providing essentially the same services, managed by the same corporate giants make this so complicated? Is there another method of receing funds that doesn't require a franchised bank account which I neither have nor desire. disclaimer: I know this is PayPal Community not Venmo Community, however there seems to be sharper tools in this shed and thought I could get a quick direct answer. Emailed Venmo, but no clue as to the turnaround time on that.
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