Venmo Daily Limit: How much money can you send via Venmo per day?

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The amount of money you can send via Venmo per day depends on your account verification status.

Here’s a breakdown of the limits on venmo:
Unverified Accounts
If your account is unverified (you haven’t completed Venmo’s identity verification process), your weekly rolling limit for sending payments is:
$299.99 per week.
Verified Accounts
If your account is verified (you’ve completed Venmo’s identity verification process), your weekly rolling limit for sending payments is higher:
$6,999.99 per week.
Important Details
Weekly Rolling Limit:
Venmo uses a weekly rolling limit, which means your limit is calculated based on the transactions in the past 7 days, not on a calendar week.
Verification Process:
To verify your account, go to the Venmo app’s settings, select „Identity Verification,” and follow the prompts. You’ll need to provide personal information, such as your Social Security Number and a government-issued ID.
Specific Limits for Different Transaction Types
Within the overall limit, there are sub-limits for different types of transactions:
Person-to-Person Payments:
These count toward the weekly sending limit mentioned above.
Purchases:
If you make purchases with Venmo (e.g., using your Venmo balance at approved merchants), these also count toward your overall weekly limit.
Bank Transfers:
Instant transfers to your bank have a daily limit of $5,000 per transaction, with a minimum transfer amount of $0.26.
For the most accurate and up-to-date information, it’s always best to check directly within the Venmo app or on Venmo’s official website, as limits and policies can change.

• This topic was modified 4 months, 1 week ago by  41675253.

Last edited: 21.05.2024 11:50

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