Venmo has some limits on how much you can send in a given week. Read on for more information about these limits.
If you have not yet completed identity verification, you will have a weekly spending limit of $299.99. This limit includes person-to-person payments and payments to authorized merchants.
You can verify your identity in the Venmo app. Go to the "Me" tab, tap the Settings gear in the top right, then tap “Identity Verification.”
If you have completed identity verification, it is possible to send up to $60,000 per week on Venmo. You can also spend a combined $7,000 a week on purchases, including:
- Using your in-store QR code
- Using Venmo at checkout online
- Using Venmo in other apps
Payments sent to other users on Venmo count toward the purchase limit, and your payments may be declined for reasons other than the limit.
Weekly Rolling Limits
Most transaction limits on your account are rolling weekly limits. This means that a transaction counts against a limit for exactly one week from the time of authorization. For example, if you have a limit and send a payment on a Monday at 11:00 AM, that transaction will no longer count against your limit at 11:01 AM the following Monday.
Limits are subject to periodic review and may be changed based on your Venmo Account history, activity, and other factors, including but not limited to, your Venmo Mastercard Debit Card activity. Venmo retains sole discretion to apply and change limits.
Are there other limits on Venmo?
The Venmo Mastercard is issued by The Bancorp Bank pursuant to license by Mastercard International Incorporated. The Bancorp Bank; Member FDIC. Card may be used everywhere Mastercard is accepted in the U.S. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.