Is there a maximum you can send on venmo

Virtual wallet provider Venmo offers everything from an easy way to split the dinner bill to buying merchandise with a QR code, but every transaction comes with a limit. Here are the highlights of what account holders need to know about Venmo limits.

Table of Contents Show

Venmo Limits for Personal Accounts
Person-to-Person Transfers
Authorized Merchant Purchases
Venmo Mastercard Debit Purchases
Bank Transfer Limits
Good to Know
Venmo Limits for Business Accounts
Person-to-Person Weekly Limit
Standard and Instant Bank Transfer Weekly Limit
Venmo Limits on Crypto
Related Articles
About the Author
What is the largest amount you can send with Venmo?
Can you send $5000 over Venmo?
Is there a max you can send on Venmo per day?

Venmo Limits for Personal Accounts

When consumers sign up for a Venmo personal account, they may spend up to $299.99 a week before having to verify their identity with Venmo. Going through the authentication process usually takes a few minutes on the app and opens up a $4,999.99 weekly spending ceiling — with all combined payment and purchase options.

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Person-to-Person Transfers

Maximum weekly expenditures: $4,999.99
Per transaction limit: $4,999.99

Authorized Merchant Purchases

Maximum weekly expenditures: $6,999.99
Per transaction limit: $2,999.99

Venmo Mastercard Debit Purchases

Maximum weekly expenditure: $6,999.99
Per transaction limit: $2,999.99

Cardholders have additional limits, including a $400.00 daily limit for ATM withdrawals, retail purchases and cashback. Account-holders are also subject to a $3,000 daily purchase limit and no more than 30 transactions per day. All limits reset at midnight Central Standard Time.

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Bank Transfer Limits

Select Venmo debit card holders with verified bank accounts have two ways to add money straight to their wallets.

Standard Add Money: Transfer takes three to five days, and the limit is $1,500 per rolling calendar week. There is no minimum transfer limit.
Instant Add Money: Available only to some Venmo debit card holders, Instant Add Money enables these customers to instantaneously transfer up to $500.00 a week from their verified bank accounts. While the money will appear immediately in the digital wallet, it may take three to five days to be debited from the customer’s bank account.

Account-holders who do not verify their identity can still transfer funds from the Venmo app to their bank accounts, but those amounts are limited. Depending on Venmo security checks, customers can send up to $999.99 per week.

Opting into Venmo’s identity verification system raises the Venmo-to-bank-account limit to $19,999.99 a week. The maximum allowable limit per transaction to a bank account is $2,999.99, while the minimum transfer limit for instant bank transfers is $0.26.

Good to Know
Venmo customers will soon be paying a little more for convenience when fees for Instant Transfers go up on May 23, 2022. Personal accounts will pay 1.75% of the transfer amount at a minimum of $0.25 and a maximum of $25.00.

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Venmo Limits for Business Accounts

Business Venmo accounts have different limits than personal accounts. The standards for verifying a registered business account are required by the USA PATRIOT Act, which includes but is not limited to verifying a business’s EIN.

However, like personal accounts, Venmo sets limits on business accounts pre-identity verification:

Person-to-Person Weekly Limit

Unverified: $2,499.99
Verified: $24,999.99

Standard and Instant Bank Transfer Weekly Limit

Unverified: $999.99
Verified: $49,999.99

The weekly limit is based on a rolling calendar week.

Venmo Limits on Crypto

In April 2021, Venmo’s parent company, PayPal, announced the app would have crypto-handling capabilities. Personal account holders can choose four cryptocurrency offerings and use the app’s simplified buying system to invest. However, business Venmo account holders cannot engage in Crypto transactions.

Venmo’s weekly crypto-buying limits are generous at $20,000 a week, while the annual maximum is $50,000.

Editorial Note: This content is not provided by Venmo. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Venmo.

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By Lindsey Boycott

May 5, 2022

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About the Author

Lindsey Boycott

Lindsey Boycott is a freelance writer specializing in business and technology trends. She has a B.A. in psychology and over five years experience writing in the financial sphere. When not working, Lindsey likes to play vintage video games, read books, and go skiing.

What is the largest amount you can send with Venmo?

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.

Can you send $5000 over Venmo?

The single largest amount you can transfer to your bank account at one time is $5000. Transfers can be declined for reasons other than the limit. You may only make instant transfers of $0.26 or more. If you need to transfer less than $0.25, our standard bank transfer option is available to use.

Is there a max you can send on Venmo per day?

Account-holders are also subject to a $3,000 daily purchase limit and no more than 30 transactions per day. All limits reset at midnight Central Standard Time.