What is the limit on Venmo for unverified accounts?

 


Venmo has become one of the most popular digital payment platforms, offering users an easy and seamless way to send and receive money. However, understanding your Venmo limit is crucial to making the most of the service. Venmo imposes different limits depending on whether your account is verified or unverified. In this guide, we’ll break down the Venmo person-to-person limit, Venmo send limit per day, and how to increase Venmo limit effectively.

How Do I Know My Venmo Limit?

Your Venmo limit depends on whether your account is verified. Unverified users have lower limits, while verified users enjoy higher transaction caps. You can check your current Venmo limit by navigating to the settings in the Venmo app:

  1. Open the Venmo app.
  2. Go to Settings.
  3. Select Payment Limits.
  4. Your current transaction limits will be displayed.

Venmo Person-to-Person Limit

The Venmo person-to-person limit dictates how much you can send to other Venmo users. This limit varies based on whether your account is verified or unverified.

  • Unverified Users: $299.99 per week
  • Verified Users: $4,999.99 per week

To verify your Venmo account, you must provide your legal name, address, date of birth, and Social Security Number (SSN).

Venmo Send Limit Per Day

There is no specific Venmo send limit per day, but transactions contribute to your overall Venmo limit per week. If you attempt to send a payment that exceeds your remaining weekly limit, the transaction will not go through.

Venmo Limits for Verified and Unverified Users

Venmo imposes different limits on users depending on their verification status. Here’s a detailed breakdown:

Transaction Type

Unverified Users

Verified Users

Person-to-Person Payments

$299.99 per week

$4,999.99 per week

Purchases with Authorized Merchants

No limit

$6,999.99 per week

Venmo Mastercard ATM Withdrawals

$400 per day

$400 per day

How Much Can You Send on Venmo for Free?

Venmo does not charge fees for sending money from your Venmo balance, linked bank account, or debit card. However, if you use a credit card, you will be charged a 3% fee. The amount you can send for free depends on your weekly transaction limit.

How to Increase Venmo Limit?

To increase Venmo limit, you need to verify your account. Follow these steps:

  1. Open the Venmo app.
  2. Tap on Settings.
  3. Select Identity Verification.
  4. Enter your full legal name, date of birth, and Social Security Number (SSN).
  5. Submit the information and wait for Venmo to verify your account.

Once your account is verified, your Venmo limit for verified account will increase significantly.

Venmo Verified Account Limit

A verified Venmo account comes with higher transaction limits, allowing for larger payments and purchases. Here’s what a verified user can do:

  • Send up to $4,999.99 per week to other Venmo users.
  • Spend up to $6,999.99 per week at merchants.
  • Withdraw $400 per day from ATMs using the Venmo Mastercard.

Venmo Limit Per Week

Your Venmo limit per week depends on your verification status.

  • Unverified Users: $299.99 for person-to-person transactions.
  • Verified Users: $4,999.99 for peer-to-peer transactions, plus $6,999.99 for merchant payments.

Weekly limits reset on a rolling basis, meaning each transaction affects your available limit for the next seven days.

Conclusion

Understanding your Venmo limit is essential for seamless transactions. Whether you’re sending money to friends, making purchases, or withdrawing cash, verifying your account ensures you have access to higher limits. By taking the necessary steps to increase Venmo limit, you can enjoy greater flexibility and convenience when using Venmo.

FAQs

1. What is the maximum amount I can send on Venmo?

For verified users, the Venmo person-to-person limit is $4,999.99 per week. Unverified users are limited to $299.99 per week.

2. How often do Venmo limits reset?

Venmo limits reset on a rolling weekly basis, meaning each transaction counts toward your limit for the next seven days.

3. Can I increase my Venmo limit beyond the verified account limit?

No, the maximum Venmo limit for verified account is set by Venmo. There is no way to increase it further.

4. Does Venmo charge fees for sending money?

Venmo does not charge fees for sending money using your balance, bank account, or debit card. However, credit card transactions incur a 3% fee.

5. What happens if I exceed my Venmo limit?

If you try to send more than your Venmo limit per week, the transaction will not go through until your limit resets.

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