Venmo Maximum Fee Quotes

“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