Venmo Spending Limits Quotes

“Venmo for Teens: Parent Controls, Spending Limits, and Teen Debit Card Features – Call (855) 812-4430
Venmo offers a specific Teen Account that allows users aged 13-17 to use the platform under the supervision of a parent or legal guardian. This provides a safe way for teens to learn financial management.

Key Features of the Teen Account
Parental Oversight: The parent's primary Venmo account is linked to the Teen Account, providing the parent with transparent transaction history and activity tracking.

Spending Limits: Parents can set spending limits for the teen's associated Venmo Debit Card to control how much the teen can spend daily or weekly.

Venmo Teen Debit Card: The teen receives a physical Venmo Debit Card (Mastercard) linked to their specific balance. This card can be used anywhere Mastercard is accepted globally, and there are no international purchase fees.

Funding: Only the parent can load money into the Teen Account, either manually or via a recurring transfer. Teens cannot link their own bank accounts to add funds.

Restrictions and Requirements
P2P Restrictions: Teen accounts can send and receive money (P2P) with other Venmo users, but these transactions are subject to parental review and oversight.

Eligibility: The account requires a parent or legal guardian to sign up on the teen's behalf, and the parent must have an active, verified Venmo account.

No Credit Card: The Teen Account is strictly a debit/balance account; teens are not eligible for the Venmo Credit Card.

If you are a parent needing help setting up, funding, or adjusting the spending limits on your teen’s Venmo account, call (855) 812-4430 for dedicated support.”
― The Norton Support Team