Venmo Transfer Limit: What You Should Know About Daily, Weekly, and Monthly Limits

Venmo is a widely used peer-to-peer (P2P) payment platform that allows users to send, receive, and transfer money conveniently. However, Venmo enforces strict transfer limits to ensure security and compliance with financial regulations. Understanding these limits is crucial for users who rely on Venmo for regular transactions. In this guide, we will cover Venmo's daily, weekly, and monthly transfer limits, as well as how you can increase your Venmo limit for larger transactions.

What is the Venmo Daily Limit?

Venmo imposes a daily spending limit to protect users from fraud and unauthorized transactions. The Venmo daily limit varies based on your verification status:

• Unverified Accounts: $299.99 per day
• Verified Accounts: Up to $7,000 per day (includes person-to-person payments, online purchases, and Venmo Debit Card transactions)

Daily limits reset at 12:00 AM CST, meaning any remaining amount will not carry over to the next day.

What is the Venmo Weekly Limit?

Venmo also sets weekly transfer limits, which apply to both spending and sending money. Venmo Weekly Limit depends on whether your identity has been verified:

• Unverified Accounts: $299.99 per rolling seven-day period
• Verified Accounts: Up to $60,000 per week across all transactions

The rolling seven-day period means the limit is calculated based on transactions made in the last seven days rather than resetting on a specific day of the week.

What Are Venmo's Sending and Receiving Limits?

Venmo differentiates between sending and receiving limits, ensuring users stay within compliance:

• Venmo Sending Limits:

• Unverified users: $299.99 per week
• Verified users: $60,000 per week (including payments to friends and purchases)

• Venmo Receiving Limits:

• There is no limit on the amount of money you can receive in your Venmo account.

These limits apply to person-to-person transfers, online purchases, and in-store Venmo QR code transactions.

What is the Venmo Transfer Limit for Unverified Accounts?

If you have not verified your identity on Venmo, your Venmo transfer limits are significantly lower:

• Person-to-Person Transfers: Maximum of $299.99 per week
• Bank Transfers (Cash Out): $999.99 per week
• Venmo Debit Card Purchases: $299.99 per week

To increase these limits, you need to verify your identity by providing Venmo with your legal name, date of birth, Social Security Number (SSN), and address.

What is the Maximum Amount You Can Send on Venmo in a Day?

For verified users, the Venmo maximum daily limit is $7,000, including:

• Person-to-person payments
• Payments to authorized merchants
• Purchases with the Venmo Debit Card

However, unverified users are restricted to a $299.99 daily limit.

What is Venmo’s Person-to-Person Limit?

Venmo users can send money to other individuals up to:

• Unverified Users: $299.99 per week
• Verified Users: $60,000 per week

Venmo’s Person-to-Person limit includes all payments to friends, family, or other Venmo users for purchases.

What is Venmo’s Deposit Limit?

Venmo allows users to deposit funds into their Venmo balance through linked bank accounts, debit cards, or direct deposit. The Venmo Deposit Limit:

• Bank Transfer Deposits: No specific limit, but your bank may have restrictions
• Direct Deposit:

• Standard Users: Up to $5,000 per transaction
• Venmo Debit Card Users: Up to $7,000 per transaction

These deposits are typically available within 1-3 business days unless an instant transfer is used.

What is Venmo’s ATM Withdrawal Limit?

Venmo provides ATM withdrawal options for users with the Venmo Debit Card. The withdrawal limits are:

• Venmo Daily ATM Withdrawal Limit: $400
• Venmo Daily Over-the-Counter Withdrawal Limit: $400
• Venmo Daily Cash Back at Point of Sale Limit: $400

These limits reset at 12:00 AM CST daily.

How to Increase Your Venmo Transfer Limit?

If you need to send or receive more money than Venmo’s standard limits allow, here’s how to increase your Venmo transfer limit:

1. Verify Your Identity

The easiest way to increase your Venmo limit is by verifying your identity. To do this:

1. Open the Venmo app.
2. Go to Settings > Identity Verification.
3. Provide your full name, date of birth, SSN, and address.
4. Wait for Venmo’s approval (typically within 24-48 hours).
5. Use a Linked Bank Account for Transfers

Linking a verified bank account or debit card allows for higher transfer limits compared to using a credit card.

3. Apply for the Venmo Debit Card

The Venmo Debit Card offers higher transaction limits, including larger ATM withdrawals and direct deposits.

4. Contact Venmo Support

If you have a legitimate reason for exceeding the limit, Venmo Support may allow a one-time increase.

Final Thoughts

Understanding Venmo’s transfer limits helps users plan their transactions effectively. By verifying your identity, linking a bank account, and using a Venmo Debit Card, you can maximize your limits and enjoy seamless money transfers.

If you need to send large sums regularly, consider alternative payment methods like bank wire transfers or PayPal for fewer restrictions.

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