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Personal Finance · by Jonas Schneider · 2026-10-27

PayPal, Venmo and friends - do you still keep money sitting in payment apps?

With PayPal's earnings in the news I checked my balances and found \$340 just sitting in Venmo doing nothing. How do you manage money spread across apps? Auto-transfer to savings, or just let it ride?

20 sparks · 3 comments

Comments

Rohan Mehta · 5 likes

I sweep everything to a high yield savings account every friday. money in apps earns zero

Sleepy Comet · 1 likes

remember balances in payment apps aren't always insured like bank deposits

Marco Conti · 0 likes

found \$90 in an old PayPal account last year. best 'raise' I ever got