venmo

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Says they do direct deposit, but THEY ARE NOT A BANK!!

Says they do direct deposit. They kind of do, but also don't.My employer demands a direct deposit letter from the bank in which I wish to have my checks deposited. Fine. Every other bank has one. Go to your account with any other bank, it's there.Venmo gives you your account and routing numbers, but will not provide you with any such documentation for direct deposit. Talking with a rep and he told me that THEY ARE NOT A BANK. They're just a payment method. So they don't have to provide any such paperwork to their customers. So where are my checks supposed to go? Somewhere else, that's where.

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Date of experience: May 10, 2022