Venmo Weekly Limit 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

“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