What is a Venmo Teen Account?
If you're under 18 and want to use Venmo, today's your lucky day! Venmo offers a Teen Account for anyone 13-17 years old, created by a parent or guardian.
What's so special about Venmo Teen Accounts? You'll get:
- A Venmo Teen Mastercard ® debit card with your name on it
- Access to the Venmo app to send and receive money and track the Teen Account balance
- Ability to set up Direct Deposit to get your paycheck into the Teen Account balance
What can I do with my Venmo Teen Account?
There are a few cool things you can do with a Venmo Teen Account and the Venmo app:
- Use the teen debit card to make purchases at approved merchants or get cash at an ATM
- Send and receive money with your friends and family
- View transactions and your Teen Account balance
- Get money from your paychecks added to your Teen Account balance using Direct Deposit
Payment & Transfer limits for Teen Accounts
Your Venmo Teen Account has different limits for different activities:
- Teen Venmo Debit Card purchases: $3,000 per day and $7,000 per week
- ATM withdrawals: $400 per day
- Payments to other Venmo users: $2,000 per week
- This includes payments sent to your parent or guardian's account
- In-store QR code purchases: $2,000 per week
Most payment limits on Venmo are weekly rolling limits. This means that a transaction will count towards your limit for 7 days. For example, if you make a purchase for $100 at 11:00 on a Monday, it would count towards your purchase limit until the following Monday at the same time.
Get help with your Teen Account
If you are having any issues with your Venmo Teen Account, please have your parent or guardian contact our Support team.
The Venmo Mastercard® is issued by The Bancorp Bank, N.A., pursuant to a license by Mastercard International Incorporated. Card may be used everywhere Mastercard is accepted. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated. The Bancorp Bank, N.A. is issuer of the Card only and not responsible for the associated accounts or other products, services, or offers from Venmo.