What Is Venmo Limit Daily, Weekly And How to Increase Them?

[soni kumari]

Venmo has various limits for different types of transactions, including sending money, receiving money, and withdrawing funds. Here's a breakdown of the typical Venmo limits and how you can increase them:

Daily and Weekly Limits

1. Sending Limit: For new, unverified users, the Venmo sending limit is $299.99 per week. Once you verify your identity, this limit increases to $4,999.99 per week for person-to-person payments, and $6,999.99 per week in total for all transactions (including payments to authorized merchants and Venmo Mastercard transactions).

2. Withdrawal Limit: The standard withdrawal limit for a verified account is $400 per day from an ATM or over the counter, and $50,000 per day for transfers to your bank account.

3. Receiving Limit: There is no specific limit on the amount of money you can receive on Venmo.

How to Increase Limits

To increase your Venmo limits, follow these steps:

1. Verify Your Identity: To increase your sending limit, you need to verify your identity on Venmo. This involves providing your full name, date of birth, Social Security Number (SSN), and, in some cases, additional documentation.

2. Apply for the Venmo Debit Card: Getting the Venmo Mastercard Debit Card can increase your withdrawal limit to $400 per day.

3. Bank Account Verification: Ensure that your bank account is verified and linked to your Venmo account. This can help with increasing your transfer limits.

4. Contact Venmo Support: If you have specific needs or questions about your account limits, you can contact Venmo's customer support for assistance.

Note

• Venmo limits can change, and there may be different limits based on various factors, including your account history and activity.
• Venmo's week starts on a rolling basis, meaning it's a continuous 7-day period from any given transaction, not a fixed calendar week.

It's important to keep these limits in mind when planning your transactions on Venmo. If you need to increase your Venmo limits, following the steps above can help you achieve that.