Venmo has become one of the most popular digital wallets andpeer-to-peer payment apps in the U.S., but when using it frequently or forlarge transactions, it’s essential to understand the Venmotransfer limits. Below, we cover every important detail about Venmolimits, how to increase them, and what they mean for yourfinancial transactions.
What is VenmoLimit?
The Venmo limit refers tothe maximum amount you can send, receive, or transfer through the Venmoplatform within specific timeframes. These limits are in place to protect usersand comply with financial regulations. Venmo has different limits for unverified and verified accounts, and these limits vary for payments to people, purchases from businesses, and bank transfers.
Venmo Weekly Limit
For users with unverified accounts, the default Venmoweekly sending limit is $299.99. Once your identity is verified,this limit increases significantly. For verified accounts, the Venmoweekly limit for person-to-person payments, authorized merchantpayments, and Venmo Mastercard debit card purchases is $6,999.99.
This weekly rolling limit resets on a rolling basis, not acalendar week. That means each transaction will “fall off” the calculationexactly 7 days after it occurred.
Transfer LimitVenmo
The transfer limiton Venmo depends on whether you're sending money to anotherVenmo user, paying a merchant, or transferring funds to your bank account. For instanttransfers to your bank, the limit is:
- $5,000 per transaction
- $5,000 per week
- Minimum transfer amount: $0.26
Transfers that exceed this must be split into smaller transactions. For standardbank transfers, there's typically no lower limit, but the $19,999.99weekly cap still applies for verified users.
Venmo DailyTransfer Limit
Venmo does not technically impose a daily transfer limit, butbecause of the weekly cap, it indirectly affects how much you can sendin a single day. For verified accounts, if you haven't made any transactions inthe past week, you could potentially send the full $6,999.99 in one day.
Maximum VenmoPayment
The maximumVenmo payment for verified users is up to $4,999.99 pertransaction when sending to individuals. For merchant payments, limits mayvary based on the merchant's setup, but the total cannot exceed the $6,999.99weekly limit across all Venmo spending.
Venmo WeeklySending Limit
The Venmoweekly sending limit breaks down like this for verified users:
- Person-to-person payments: Up to $4,999.99 per transaction
- Purchases with Venmo debit card: Included in the $6,999.99 total weekly limit
- Authorized merchant payments: Also part of the same limit
Once this $6,999.99 cap is reached, you must wait until theoldest transaction falls outside the 7-day window before sending more money.
Venmo Account Limit
Your Venmoaccount limit varies depending on verification status. A fullyverified account enjoys significantly higher limits, including:
- Sending funds: Up to $6,999.99 per week
- Transferring to bank (instant): $5,000 per transfer
- Venmo Debit Card ATM withdrawals: $400 per day
Unverified users are limited to $299.99 per week across all typesof transactions.
Venmo Send LimitPer Day
While there’s no set Venmo sendlimit per day, the weekly limit governs what can be donedaily. You can technically send the full allowable weekly amount in one day ifno other transactions have occurred that week.
Venmo Account LimitPer Month
Venmo does not have a strict monthly limit; instead, it focuseson a rolling 7-day period. However, if you're looking for a roughmonthly estimate for a verified account, it could be as much as $27,999.96 (i.e., $6,999.99 x 4 weeks) in sending and purchasing activity.
Venmo VerifiedAccount Limit
When you complete identity verification with Venmo, your limits increasesignificantly. Here are the Venmoverified account limits:
- $6,999.99 per week for all transactions
- $5,000 per instant bank transfer
- $19,999.99 per week for bank transfers (cumulative)
- $400 daily for ATM withdrawals using Venmo Debit Card
Venmo Limit PerWeek
The Venmo limitper week is most relevant for active users. To summarize:
- Unverified users: $299.99
- Verified users: $6,999.99 (spending + sending)
- Instant bank transfers: $5,000 per week
- Standard bank transfers: Part of $19,999.99 total weekly transfer cap
How Much Can YouSend on Venmo for Free?
All person-to-person payments on Venmo are free when funded via a linked bank account,debit card, or Venmo balance. You can send up to $6,999.99 per week on a verified account without fees. However, using a credit card to fundpayments incurs a 3% fee.
How to IncreaseVenmo Limit
To increase your Venmo limit, you mustcomplete the identity verification process. This allows Venmo to complywith federal regulations and raise your sending and bank transfer caps. Onceverified, your weekly limit jumps from $299.99 to $6,999.99.
How to Verify VenmoAccount
Follow these steps to verify your Venmo account:
- Open the Venmo app
- Tap the menu icon (?)
- Select Settings
- Choose Identity Verification
- Submit your legal name, address, date of birth, SSN, and possibly a photo ID
Verification typically completes in a few minutes to a couple ofbusiness days.
Venmo Monthly Limit
Venmo does not implement a strict Venmo monthly limit but rathera weekly rolling cap. However, with a verified account, if youmaximize your weekly sending limit, you could send nearly $28,000monthly. Instant transfer and debit card use limits remain unchanged.
Conclusion
Understanding your Venmo limits is crucialfor managing personal and business finances efficiently. Whether you're acasual user or someone who frequently moves large sums of money, verifying youraccount unlocks the highest potential of the platform. Stay informed and trackyour weekly activity to avoid interruptions or declined transactions.
FAQs
Q1: What’s the fastest way to increase my Venmolimit?
A: Complete the identity verification process in the app under Settings> Identity Verification.
Q2: Can I send more than $5,000 at once?
A: No, Venmo’s maximum per transaction limit is $4,999.99 for person-to-person transfers. You will need to split the transaction if it'slarger.
Q3: Do Venmo limits reset on Sundays?
A: No, Venmo uses a rolling 7-day window, so limits resetgradually as previous transactions fall outside the 7-day period.
Q4: Is there a limit on receiving money?
A: No, there is no limit on how much you can receive in Venmo.
Q5: Will linking a bank increase my limit?
A: No, only completing identity verification increases your Venmo limit.
