What are The Venmo Limits Daily, Weekly, and Monthly to Send Money?

If you're a Venmo user, you may wonder about the Venmo limit which is the restriction of sending money on the platform. Venmo, like most payment apps, limits the amount of money you can send and receive to help prevent fraud and other illegal activities. In this article, you can learn about the daily, weekly, and monthly limits for sending money on Venmo how to increase your limits, and other related topics.

How Much Money Can You Send on Venmo?

Venmo allows users to send and receive money up to certain limits. The Venmo limits for sending and receiving money can vary depending on various factors, including your account status, transaction history, etc.

Venmo Daily Limit

The Venmo daily limit for person-to-person sending and receiving money depends on whether your account is verified or unverified. For unverified accounts, the daily limit is $299.99, while for verified accounts; the daily limit is $4,999.99.

Venmo Weekly Limit

The Venmo weekly limit for person-to-person sending and receiving money depends on whether your account is verified or unverified. For unverified accounts, the weekly limit is $499.99, while for verified accounts; the weekly limit is $4,999.99.

Venmo Monthly Limit

The Venmo monthly limit for person-to-person sending and receiving money depends on whether your account is verified or unverified. For unverified accounts, the monthly limit is $999.99, while for verified accounts, the monthly limit is $19,999.99, per transaction limit $5000.

Venmo Withdrawal Limit

The Venmo withdrawal limit is the maximum amount of money you can transfer from your Venmo account to your bank account in a single transaction. The withdrawal limit for most Venmo users is $400 USD per Day, although this limit may be higher or lower depending on various factors.

Venmo Instant Transfer Limit

Venmo Instant Transfer feature allows you to transfer funds to your bank account for a fee instantly. The Venmo transfer limit is $2,000 per transfer, with a minimum fee of $0.25 and a maximum fee of $10.

These limits apply to both sending and receiving money through Venmo. Keep in mind that if you exceed these limits, you won't be able to send or receive additional funds until the next period (daily, weekly, or monthly) begins. Additionally, Venmo may request further verification information to increase your limits

What is The Venmo Limit Daily, Weekly, And Monthly to Send Money After Verification?

After you verify your Venmo account, you can send and receive more money than before. The daily, weekly, and monthly limits for sending money on Venmo increase to $4,999.99, $19,999.99, and $19,999.99, respectively. However, the Venmo limit may vary depending on various factors, including your transaction history and other factors.

How To Increase Venmo Limit?

If you need to send more money on Venmo than the standard limits allow, you can request a limit increase. Follow the step-by-step method on how to increase your Venmo limit:

• Log into your Venmo account.
• Click on the three dots icon in the top left corner of the screen.
• Select "Settings" from the menu.
• Tap "Payment Methods."
• Select the bank account or card you want to increase the limit for.
• Follow all the steps to “Increase limit”.
• Venmo may require additional information or documentation before granting a limit increase.

How To Venmo Identity Verification?

For Venmo identity verification you need to take the below-mentioned steps:

• Log into your Venmo account.
• Click on the three dots icon in the top left corner of the screen.
• Select "Settings" from the menu.
• Tap "Identity Verification."
• Follow the prompts to provide the required information and documentation, including your name, date of birth, Social Security number, and a government-issued ID.

Is Venmo Identity Safe?

Venmo takes security and privacy seriously and uses encryption and other security measures to protect your personal information. However, as with any online service, there is always a risk of fraud or other security issues, so it is important to take precautions such as enabling two-factor authentication and reviewing your transactions.