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. However, your transactions may be declined for other reasons.
Venmo Mastercard Debit Card transactions are subject to additional limits:
- Maximum weekly spending limit of $6,999.99
- Reload Limits*: see your personal reload limit in the Venmo Debit Card section of the Venmo app
- ATM withdrawals, over the counter withdrawals, and cash back daily limit: $400.00 (this limit resets daily at 12:00 AM CST)
- Daily Purchase limit: $3,000.00 (this limit resets daily at 12:00 AM CST)
- Transaction Limit: 30 transaction per day (this limit resets daily at 12:00 AM CST)
*Anticipated reloads on pending Venmo Debit Card purchases, and any reloads triggered in the past rolling week, count against your limit. Find your pending and completed purchases by going to the "Me" tab in your Venmo app.
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?
There are limits on other types of transactions you make on Venmo.
You are limited to $20,000 in cryptocurrency purchases per week. There is also a limit of $50,000 in cryptocurrency purchases in a 12-month period. You can learn more about your limits for purchasing cryptocurrency here.
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.