In today's digital age, Venmo has become a ubiquitous platform for peer-to-peer transactions, offering a convenient way to send and receive money. However, users often encounter limitations in terms of daily, weekly, and monthly transaction limits. In this article, we will provide a comprehensive guide on how to increase your Venmo limits, ensuring you can make the most out of this popular payment service.

Venmo Daily Limit

Venmo imposes a daily limit on the amount of money you can send and receive. The standard limit for person-to-person transactions is $299.99 for unverified users. However, once you verify your identity, this limit increases significantly to $4, 999.99 per week, with a rolling limit for any 24-hour period.

To increase your daily limit, follow these steps:

Open the Venmo app and navigate to the "Settings" menu.

Select "Identity Verification" and provide the necessary information, including your Social Security number, date of birth, and address.

Once your identity is verified, your daily limit will automatically increase.

Venmo Weekly Limit

For verified users, the weekly sending limit is $4, 999.99. This includes all person-to-person payments, payments to authorized merchants, and Venmo Mastercard purchases. If you need to increase this limit, you can contact Venmo support for a review of your account and potential adjustment.

Venmo Monthly Limit

Venmo does not explicitly state a monthly limit, but it is generally understood to be a sum of your weekly limits. Therefore, if you have a weekly limit of $4, 999.99, your monthly limit would be approximately $19, 999.96.

What Are the Sending Limits on Venmo?

For unverified users, the sending limit is $299.99 per week. Upon verifying your identity, this limit increases to $4, 999.99 per week for person-to-person payments. For Venmo Mastercard purchases, the limit is $6, 999.99 per week.

What Are the Receiving Limits on Venmo?

There is no specific limit on the amount of money you can receive through Venmo. However, if you're involved in a high volume of transactions, it's advisable to verify your identity to avoid any potential account limitations.

Are There Any Withdrawal Limits for Venmo?

Yes, Venmo has withdrawal limits for transferring funds from your Venmo account to your bank account. The standard limit is $999.99 per week for unverified users. For verified users, this limit increases to $19, 999.99 per week, with a per-transaction limit of $2, 999.99.

Conclusion

Increasing your Venmo limits is a straightforward process that primarily involves verifying your identity. By doing so, you can enjoy higher daily, weekly, and monthly transaction limits, making Venmo an even more convenient tool for managing your finances. Remember to keep your account information up-to-date and reach out to Venmo support if you encounter any issues or need further assistance.