Are there limits on bank transfers?

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If your identity has not been confirmed yet, the limit on the funds that you can send to your bank account is $999.99 per week (depending on security checks at Venmo).

You can raise this limit by confirming your identity (see instructions below). Once you do, you can transfer up to $19,999.99 per week. The single largest amount you can send to your bank account at one time is $3,000.

As noted in Venmo’s User Agreement, these limits may change from time to time in Venmo’s sole discretion.

Rolling limits

If you make a bank transfer at 11am on Monday, then at 11:01am the following Monday, that bank transfer will no longer count against your limit.

Verifying  your identity

You will need to add the last four digits of your SSN, your zip code, and your birthdate to your Venmo account by logging in from a computer and visiting this page. We may also request additional information or documentation to verify your identity.

Raising your limit

Transaction limits help us screen for suspicious activity, protect your financial security, and keep Venmo a safe place to send and receive money. They also help us keep our costs down so that we can continue providing an awesome service for our users. For these reasons, we cannot increase your limits beyond those described above.

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