To send a bank transfer to Venezuela with MAJORITY, pick the bolívar (VES) option in the app, enter the recipient's Venezuelan bank account, and confirm.
Quick answer
A Venezuela bank transfer pays out in Venezuelan bolívares (VES) directly to your recipient's account at a supported Venezuelan bank. You set up the transfer in the app, enter the recipient's bank, account number, and cédula identification, and confirm. Most transfers complete in under 1 hour during business hours; weekends and Venezuelan bank holidays can extend the delivery window.
What you need to know
- The Venezuela bank transfer option pays out in Venezuelan bolívares (VES), not US dollars.
- Supported Venezuelan banks include Banco de Venezuela, Banesco, Banco Provincial, Banco Mercantil, Banco Nacional de Crédito, Banco Fondo Común (BFC), and Banco del Tesoro, with additional institutions available in the bank picker inside the app.
- Your recipient needs a Venezuelan bank account in their own name and a valid cédula de identidad tied to that account.
- Most transfers in this destination complete in under 1 hour, with delivery sometimes longer on weekends and Venezuelan bank holidays.
- If you do not have the recipient's bank details, the app can generate a transfer link so the recipient enters their own account information and receives the money.
- The membership is $5.99 per month, and money transfers in supported countries carry no per-transfer fee at the member tier.
How a Venezuela bank transfer works
A bank transfer is the most common way to send money to a recipient who already has a Venezuelan bank account. You start the send in the app, select Venezuela as the destination, choose the VES bolívar option, and enter the recipient's bank, account number, and identification details. The app converts your US dollars to bolívares at the rate shown before you confirm, and the funds are routed to the recipient's Venezuelan bank account.
The recipient receives the money in their own account, in bolívares, and can spend or withdraw the funds the same way they would any other deposit. The receiving bank verifies the recipient's identity on its side using the cédula and account information on file. From your side, you only need to confirm that the bank name and account number match what your recipient has given you.
How to send a bank transfer to Venezuela, step by step
Follow these steps in the app to send a Venezuela VES bank transfer. The process is the same whether this is your first transfer to Venezuela or a repeat send to the same recipient.
- Open the app and tap Send money.
- Choose Money Transfer, then International.
- Select Venezuela as the destination country.
- Choose the Venezuelan bolívar (VES) option to send to a Venezuelan bank account.
- Enter the recipient's full legal name as it appears on their Venezuelan cédula.
- Select the recipient's Venezuelan bank from the list (Banco de Venezuela, Banesco, Banco Provincial, Banco Mercantil, Banco Nacional de Crédito, Banco Fondo Común, Banco del Tesoro, or another supported institution).
- Enter the recipient's bank account number and any other details the app requests, such as the cédula number.
- Enter the USD amount you want to send. The app shows the live USD-to-VES rate and the bolívar total the recipient will receive.
- Review the transfer and confirm.
If you do not have the recipient's bank details on hand, choose the transfer link option instead. The app generates a link you share with the recipient; they enter their own bank and account information, and the money is delivered once the form is complete.
Supported Venezuelan banks for VES bank transfers
The app supports VES bank transfers to a long list of Venezuelan financial institutions. The 7 most commonly used recipient banks are listed below, with additional banks available in the bank picker once you select Venezuela as the destination.
| Bank | Type |
|---|---|
| Banco de Venezuela | Public commercial bank |
| Banesco | Private commercial bank |
| Banco Provincial | Private commercial bank |
| Banco Mercantil | Private commercial bank |
| Banco Nacional de Crédito | Private commercial bank |
| Banco Fondo Común (BFC) | Private commercial bank |
| Banco del Tesoro | Public commercial bank |
The full Venezuelan bank list in the app also includes Bancaribe, Banplus Banco Universal, Banco Exterior, Banco Caroní, 100% Banco, Banco Activo, Banco Sofitasa, Banco Occidental de Descuento (BOD), BANFANB, and DelSur. Check the bank picker before you ask your recipient for their account details, in case the bank they use is listed under a slightly different name.
Timing, fees, and what your recipient needs
The cost and timing profile for a Venezuela VES bank transfer is straightforward. The table below summarizes what to expect on a typical send.
| Item | Detail |
|---|---|
| Send currency | US dollars (USD) |
| Payout currency | Venezuelan bolívares (VES) |
| Typical timing | Most transfers complete in under 1 hour during business hours |
| Outer timing | The general bank-transfer range is 30 minutes to 5 days, depending on the receiving bank and destination conditions |
| Weekend / holiday timing | May take longer on weekends and Venezuelan bank holidays |
| Per-transfer fee at the member tier | $0 per-transfer fee in supported countries; the $5.99 monthly membership applies |
| Exchange rate | Live USD-to-VES rate shown in the app before you confirm |
| Recipient information needed | Recipient full legal name, Venezuelan bank, account number, and cédula or other identification details requested in the app |
The exchange-rate margin between the live USD-to-VES rate and any benchmark rate is the variable that most affects how many bolívares your recipient ends up with. The app shows the rate and the bolívar total before you confirm, so you can compare it against the rate published by the receiving bank or another reference before you send.
What your recipient needs to receive a Venezuela bank transfer
For a VES bank transfer to land cleanly in the recipient's account, the details you enter in the app have to match what the receiving bank has on file. Missing or mistyped information is the most common reason a transfer is delayed or returned.
Ask your recipient for:
- Their full legal name as it is printed on their cédula de identidad. The name on the transfer should match the name on the receiving account.
- Their Venezuelan bank name and any branch identifier the bank uses.
- Their bank account number, typed exactly as the bank lists it.
- Their cédula number, since many Venezuelan banks tie the account to the holder's cédula and may require it to clear an incoming international transfer.
If any of these details are uncertain, ask the recipient to confirm them directly with the receiving bank before you send the transfer. The app's review screen lets you double-check what you have entered before you confirm.
Bank transfer or USD cash pickup: how to choose for Venezuela
The Venezuela destination offers two main delivery delivery methods. A VES bank transfer pays out in bolívares directly to a Venezuelan bank account. A USD cash pickup pays out in US dollars at an Italcambio branch in fixed amounts of $100, $200, or $300 per send, with a $1.50 plus 6% fee on top of the send amount.
Choose a VES bank transfer when your recipient already has a Venezuelan bank account, can use bolívares for everyday spending, and wants the speed of an in-app deposit without traveling to a pickup branch. Choose USD cash pickup at Italcambio when your recipient prefers to hold US dollars in cash, does not have a Venezuelan bank account, or wants to collect the funds in person. The two delivery methods are independent, and you can use whichever fits each transfer.
What to do next
- Open the app and make sure your account is set up and funded.
- Ask your recipient for their full legal name (as on their cédula), bank name, account number, and cédula number.
- Start a Venezuela transfer in the app, choose the VES bolívar option, and enter the recipient's details.
- Review the live USD-to-VES rate, the bolívar total, and any other fees before you confirm.
- Share the transfer confirmation with your recipient so they know when to check their account.
How MAJORITY can help
MAJORITY is a financial membership for migrants in the US, priced at $5.99 per month, that includes an FDIC-insured account, the MAJORITY Visa® Debit Card, and international money transfers in more than 30 countries, including Venezuela via VES bank transfers to major Venezuelan banks and USD cash pickup at Italcambio. To set up a transfer or open an account:
Frequently asked questions
How do I send a bank transfer to Venezuela from the US?
Open the app, tap Send money, choose Money Transfer then International, select Venezuela as the destination, and choose the Venezuelan bolívar (VES) option. Enter the recipient's full legal name, their Venezuelan bank, their account number, and the cédula details the app asks for. Review the live USD-to-VES rate and confirm.
Which Venezuelan banks are supported for bank transfers?
Supported VES bank-transfer destinations include Banco de Venezuela, Banesco, Banco Provincial, Banco Mercantil, Banco Nacional de Crédito, Banco Fondo Común (BFC), Banco del Tesoro, Bancaribe, Banplus, Banco Exterior, Banco Caroní, 100% Banco, Banco Activo, Banco Sofitasa, Banco Occidental de Descuento (BOD), BANFANB, and DelSur. The bank picker inside the app holds the current full list.
How long does a bank transfer to Venezuela take?
Most Venezuela VES bank transfers complete in under 1 hour during normal business hours. The general bank-transfer delivery range across countries is 30 minutes to 5 days depending on the receiving bank and destination conditions, and weekends and Venezuelan bank holidays can extend the delivery window.
What information do I need to send a bank transfer to Venezuela?
You need your recipient's full legal name as it appears on their cédula de identidad, the name of their Venezuelan bank, their bank account number, and their cédula number. If you do not have these details, you can use the transfer link option in the app and the recipient enters the information directly.
Can I send US dollars to a bank account in Venezuela?
The Venezuela bank transfer option pays out in Venezuelan bolívares (VES), not US dollars. If the recipient prefers US dollars, the USD cash-pickup option at Italcambio branches pays out in US dollars in fixed amounts of $100, $200, or $300 per send, with a $1.50 plus 6% fee.
Is there a per-transfer fee on Venezuela bank transfers?
At the member tier, there is no per-transfer fee on Venezuela VES bank transfers; the $5.99 monthly membership applies. The exchange rate is set in the app and shown before you confirm. The Italcambio USD cash-pickup option carries a separate $1.50 plus 6% fee on top of the send amount, because it is a different delivery method.
Disclosures
The MAJORITY app facilitates banking services through Axiom Bank, N.A. ("Axiom"), Member FDIC. The funds deposited in the account held at Axiom, Member FDIC, are FDIC-insured on a pass-through basis up to $250,000 per depositor in the event Axiom fails and subject to the satisfaction of certain conditions. Non-deposit products or services such as money transfers and telecom services are not FDIC-insured.
MAJORITY Visa® Debit Card is issued by Axiom Bank, N.A., Member FDIC, pursuant to a license from Visa U.S.A. Inc.