I didn't read the previous comment as a suggestion that they were looking to Venmo as an alternative to a checking account, but rather as a purse where money goes temporarily until it ends up at the final destination: said checking account (or another user or service that takes payments from venmo). That's how I and many services I use-like the furniture movers I paid a few weeks back-the App

Or have I misunderstood something, perhaps?

My thesis is Venmo is a feature, not a product. Real banks will eventually replace the need for it (technically, they already have; the UX needs some catching up).