How Much Can You Venmo at Once? Venmo’s Limits

Venmo, a widely used peer-to-peer payment service, allows individuals to send and receive money quickly. To ensure security and comply with federal regulations, Venmo implements various transaction limits. These limits depend on factors such as your account’s verification status, the type of transaction, and specific timeframes. Understanding these limitations is important for managing your financial transactions effectively on the platform.

Types of Venmo Transaction Limits

Venmo applies different limits based on account verification status. Unverified accounts have a combined weekly spending limit of $299.99 for person-to-person payments and purchases. Bank transfers for unverified accounts are limited to $999.99 per week.

Upon identity verification, limits increase. Verified users can send up to $6,999.99 per week for person-to-person payments, authorized merchant payments, and Venmo Mastercard debit card purchases. The weekly bank transfer limit for verified accounts is up to $19,999.99, though individual transfers are capped at $5,000. Adding money to your Venmo balance from a linked bank account is limited to $1,500 per week. For Venmo Debit Card users, daily ATM withdrawals are limited to $400, and daily purchases are capped at $3,000.

Account Verification to Adjust Limits

Increasing Venmo transaction limits involves verifying your identity within the application. This process complies with federal regulations and enhances account security. Users are prompted to verify their identity when attempting transactions that exceed unverified limits, or they can initiate the process proactively.

To verify your account, provide personal details such as your full legal name, date of birth, and the last four digits of your Social Security Number (SSN). Venmo may also request your residential address or a clear image of a government-issued identification, like a driver’s license or passport. Submit this information through the Venmo app by navigating to the “Settings” menu and selecting “Identity Verification.” The verification process takes a few minutes, but may require additional time if further documentation is needed.

Understanding Rolling Weekly Limit Calculations

Many Venmo transaction limits operate on a “rolling weekly” basis. This means the limit does not reset on a fixed day of the week, like every Sunday. Instead, a transaction counts against your limit for exactly seven days from authorization.

For example, if you send $100 on a Tuesday at 11:00 AM, that $100 will no longer count toward your weekly limit at 11:01 AM the following Tuesday. This dynamic calculation means your available limit constantly shifts based on transaction activity over the preceding seven-day period. You can track your remaining limit within the Venmo app to manage transactions.