How Much Can You Venmo Someone? Transaction Limits

Venmo operates as a widely used mobile payment service allowing individuals to send and receive money with ease. Like many financial platforms, Venmo implements transaction limits to maintain security and ensure compliance with various financial regulations. These limits vary based on a user’s account status and the specific type of transaction being conducted. Understanding these thresholds is important for managing personal finances and ensuring seamless transactions. The structure of these limits is designed to balance user convenience with fraud prevention measures.

Default Venmo Transaction Limits

Users who create a Venmo account without completing identity verification operate under default transaction limits. These baseline restrictions apply to all transactions, including sending money to other users and making purchases through the platform. An unverified Venmo account typically maintains a weekly spending limit of $299.99 for all combined payments. This amount covers person-to-person transfers and payments made to authorized merchants.

In addition to spending limits, unverified accounts also face restrictions when transferring funds out of their Venmo balance. The weekly transfer limit to a linked bank account for these users is generally capped at $999.99. These initial limits are in place until an account holder provides additional personal information to Venmo. The system calculates these limits on a rolling weekly basis, meaning a transaction counts against the limit for exactly seven days from its initiation.

Increasing Your Limits Through Identity Verification

To expand transaction capabilities on Venmo, users can complete an identity verification process. This step is a standard practice across financial institutions and is primarily driven by federal regulations designed to prevent financial crimes. By verifying identity, users unlock significantly higher transaction limits, allowing for greater flexibility in sending and receiving funds. This verification also enhances the security of the user’s account.

The identity verification process typically requires submitting specific personal details. Users are generally asked to provide their full legal name, date of birth, current address, and either the last four digits of their Social Security Number (SSN) or their full SSN. In some instances, Venmo may request an image of a government-issued identification document, such as a driver’s license or passport, to further confirm identity. Users can initiate this verification within the Venmo application by navigating to the “Me” tab, then “Settings,” and selecting “Identity Verification.”

Venmo Limits for Verified Accounts

Once identity verification is successfully completed, Venmo accounts benefit from substantially increased transaction limits. A verified account can generally send up to $60,000 per week, encompassing all types of payments, including person-to-person transfers and purchases. Within this overall sending capacity, specific sub-limits apply to different transaction categories. For person-to-person payments, a verified user can typically send up to $4,999.99 per week.

Payments made to authorized merchants, including in-app purchases and transactions using the Venmo debit card, typically have a combined weekly limit of up to $7,000. The Venmo debit card also carries its own daily limits, such as a $3,000 daily cap for purchases and a $1,000 daily limit for ATM cash withdrawals. When transferring money from a Venmo balance to a linked bank account, verified users can transfer up to $19,999.99 per week. Individual transfers to a bank account are typically capped at $5,000 per transaction. These higher limits provide verified users with considerably more flexibility for their payment needs.