To add a bank account to Venmo, the user provides bank account number and Venmo makes two small deposits into the account. The user must verify that they have access to the account by indicating the amounts to Venmo.
Venmo indicated they had made two small deposits into my account and indicated these amounts will manifest themselves tomorrow:
- Is there any technical, regulation, or security reasons why the Venmo test transaction can not be completed within seconds?
The context is for American banks.