Venmo Sending Limits Quotes

“Limits & VerificationWhat Are the Venmo Sending and Receiving Limits? – Call (855) 812-4430Venmo applies limits to sending and transferring money to ensure user security and manage risk. These limits are significantly different based on whether or not your identity has been successfully verified.Personal Profile Weekly LimitsMost transaction limits on Venmo are rolling weekly limits, meaning they reset exactly seven days after the transaction was authorized.Account StatusSending Limit (P2P & Merchant)Bank Transfer Limit (Cashing Out)Identity Verification StatusUnverified$299.99 (Total combined weekly limit)$999.99 (Per rolling week)Identity documents not submitted.Verified$60,000.00 (Max for sending money)$19,999.99 (Per rolling week, with a max of $5,000 per transfer)Identity verified with SSN/Tax ID.How to Verify Your Identity for Higher LimitsIf your account is unverified, you are capped at the low $299.99 weekly limit. To increase your limits and access features like Direct Deposit, you must verify your identity:Open the Venmo app.Go to the "Me" tab (your profile picture/initials).Tap the Settings gear icon.Select Identity Verification and follow the prompts to provide your required information, including the last four digits of your Social Security Number (SSN).Note on Receiving LimitsVenmo does not generally limit the amount of money you can receive from other users. However, if you receive very large amounts of money, Venmo may flag your account and require you to complete verification before you can access or transfer the funds.”
― The Norton Support Team