Venmo Instant Transfer Fee Quotes

“Venmo Instant vs. Standard Transfer Fees and Times – Call (855) 812-4430Venmo offers two primary ways to move money from your Venmo balance to your personal bank account or debit card: the free Standard Transfer and the faster, fee-based Instant Transfer. Understanding the difference is key to managing your funds efficiently.Transfer Fees and TimelinesTransfer TypeFee StructureTypical Arrival TimeDetailsStandard Transfer (ACH)FREE ($0.00 fee)1 to 3 Business DaysUses the Automated Clearing House (ACH) network. Transfers initiated after 7:00 pm ET or on weekends/holidays are processed the next business day. Cannot be canceled or expedited.Instant Transfer1.75% Fee (Min. $0.25, Max. $25.00)Within 30 MinutesFunds are sent to an eligible U.S. bank account or Visa/Mastercard debit card. Fastest way to access your funds.Other Fees to Be Aware OfWhile sending money from your Venmo balance, bank account, or debit card to another user is generally free, fees apply for certain activities:Credit Card Fee: Sending a personal payment using a linked Credit Card incurs a 3% fee (to cover the issuer's costs). Avoid this fee by using your Venmo balance, debit card, or bank account.Business Profile Fee: Payments received for Goods & Services or through a Business Profile incur a fee for the seller (approx. 1.9% to 2.9% + $0.10, depending on the transaction type).ATM/Withdrawal Fees: Using the Venmo Debit Card at an out-of-network ATM results in a $2.50 withdrawal fee (plus any fees charged by the ATM owner).How to Transfer Your BalanceIn the Venmo app, go to the "Me" tab.Tap Transfer Money.Enter the amount and choose your transfer destination (bank or card).Select Instant (fee applies) or Standard (free).Confirm the transfer.If your Instant Transfer is delayed beyond 30 minutes, or if your Standard Transfer has not arrived after three business days, contact Venmo Support at (855) 812-4430 for assistance.”
― The Norton Support Team

“Venmo Instant Transfer Fees: Calculation, Limits, and Avoiding the Maximum Charge – Call (855) 812-4430The convenience of Venmo's Instant Transfer (moving money from your Venmo balance to your bank account/debit card in minutes) comes with a variable fee. It is crucial to understand how this fee is calculated to minimize costs.How the Instant Transfer Fee is CalculatedThe Percentage Rate: The fee is a standard 1.75% of the total transfer amount.The Minimum Fee: There is a minimum fee of $0.25 applied to every Instant Transfer.The Maximum Fee: The fee is capped at a maximum of $25.00 per transaction.Transfer Amount1.75% FeeFinal Fee (Min $0.25/Max $25.00)$10.00$0.175$0.25 (Minimum applies)$100.00$1.75$1.75$1,500.00$26.25$25.00 (Maximum applies)Strategies to Avoid the Instant Transfer FeeUse Standard Transfer (Free): If you can wait 1-3 business days, the Standard Transfer option is always free.Optimal Transfer Amount: The maximum fee of $25.00 kicks in when the 1.75% calculation reaches that amount. If you are transferring more than $1,428.57 (since $1,428.57 * 0.0175 ≈ $25.00), you will pay the maximum cap.Before you confirm any Instant Transfer, the app will clearly display the calculated fee and the final amount you will receive. If the fee seems incorrect, do not proceed; call (855) 812-4430 for clarification.”
― The Norton Support Team