You actually don't need to carry a balance with Venmo to send funds to a friend.... | Hacker News

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		cristinacordova on Aug 27, 2014 \| parent \| context \| favorite \| on: Square Cash 2.0 Adds Free Money Transfer by Text M... You actually don't need to carry a balance with Venmo to send funds to a friend. If you have a balance of $0, you can send funds and Venmo will pull the funds from your bank account.

jvm on Aug 27, 2014 [–]

But you do carry a balance to receive funds, until you cash out. With Square you receive funds directly into your bank account via your debit card.

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