Venmo Limits Quotes

“Venmo Limits: Maximum Amounts You Can Send, Receive, and Transfer – Call (855) 812-4430
Venmo enforces limits on the amount of money you can move, both for security reasons and to comply with financial regulations. Understanding these limits is crucial to avoid declined transactions.

Key Transaction Limits for Personal Profiles
Initial Weekly Sending Limit: If your identity is not yet verified, your combined total weekly spending limit is typically $299.99. This includes person-to-person payments and authorized merchant payments.

Verified Weekly Spending Limit: Once your identity is successfully verified (a process that may require your SSN and date of birth), your weekly rolling limit can increase significantly, up to $60,000.

Personal Profile Bank Transfer Limits (Cash-Outs):

Instant Transfers: There is a fee (1.75%, min $0.25, max $25) and a maximum per transfer, often up to $5,000.

Standard Transfers: These are free and usually have a higher weekly limit, which can be up to $25,000.

Receiving Limits: Venmo generally does not impose a limit on the amount of money you can receive from other users or merchants.

Limits are Dynamic: Venmo retains the right to change your limits at any time based on your account history, activity, and other security factors.

If a payment is declined, it is most often due to exceeding one of these rolling weekly limits or a decline from your linked bank. If you are close to your limits and need to make a large transfer, call (855) 812-4430 for expert guidance.”
― The Norton Support Team