Venmo Instant Transfer Limits [Easy Guide]

Venmo gives you the ability to instantly transfer funds from your Venmo account to a linked bank account or debit card. If you are interested in knowing your Venmo instant transfer limits, you are on the right post to get the complete details of what are the per transaction, daily, and weekly Venmo Instant transfer limits per day.

Venmo has an instant transfer limit of $999.99 per week for non-verified accounts. The limit increases substantially to $49,999.99 per week if you have completed identity verification on Venmo (Maximum $2999.99 per transaction). There is no daily instant transfer limit.

Venmo instant transfer is a way to cash out or transfer funds from Venmo to your linked bank account or debit card.

But as they say, the devil lies in the details.

Let’s understand some of the finer details of the limits involved in Venmo.

Venmo Instant Transfer Limits

Personal   Account
Particulars Not Verified
     Account
Verified
     Account
Remarks
Per Transaction $2,999.99
Weekly Limit $999.99 $49,999.99 Any standard transfer will be counted against the limit
Business Account
Particulars Not Verified
     Account
Verified
     Account
Remarks
Per Transaction $10,000 if transfer is to bank   account(not debit card) , the per transaction limit is S50K
Weekly Limit $999.99 $49,999.99 Any standard transfer will be   counted against the limit

A verified account is one where you have completed identity verification on Venmo.

Standard Transfers will impact your Venmo Instant Transfer Limit

Venmo has a single limit for transfer to your bank which is $999.99 per week for non-verified, 49,999.99 per week for verified accounts. This limit includes both instant transfers as well as standard transfers (1-3 business days).

So actually there is no separate limit for instant transfer or standard transfer. Any standard transfers that you make from Venmo to your bank account will also be counted towards your instant transfer limit.

Venmo Instant Transfer Limits are Rolling Weekly Limit

Venmo Instant Transfer Limits are rolling and reset weekly from the day and time of each transfer.

So if you make your first transfer on the week on Tuesday at 6 pm, then at 06:01 pm the following Tuesday, that bank transfer will no longer count against your limit.

e.g. If you have a non-verified account and transfer $400 on Monday, your balance limit for the week will be $599.99 ($999.99-$400). Assuming you made no further transactions in the week, the next Monday, your limit will be restored back to $999.99 per week, as the $400 usage will be released.

Venmo Instant Transfer Limits for Business Account

If you have a verified Venmo Business Account, the per transaction instant transfer limit is $10,000 for transfer to debit card and $50,000 for transfer to bank. The weekly instant transfer limit for a business account is the same as for a personal profile i.e. $999.99 per week for non-verified accounts and $49,999.99 per week for verified accounts.

How to increase Venmo Instant Transfer Limit

Venmo instant transfer limit is a reasonable $999.99 if your Venmo account is not verified.

If you want to increase your Venmo transfer limit, the best option is to verify your identity on Venmo to get a substantial increase up to $49,999.99 per week. Venmo does ask you for details like SSN for identity verification, but it is a one-time process.

How to verify identity on Venmo

  1. In your Venmo app, go to the “You” tab by selecting the single person icon blobid0.png
  2. Tap the Settings gear in the top right
  3. Tap “Identity Verification”

There doesn’t seem to be any way to go beyond $49,999.99 per limit if you ever hold such a huge balance is Venmo. Do keep in mind Venmo balance may not be covered by FDIC insurance and also you don’t earn any interest on your Venmo balance.

Instant Transfer Limits are subject to Venmo Screening

Even if your transfer amount is within Venmo instant transfer limits, there may still be times when the instant transfer does not go through.

This could be because Venmo screens all transactions using its AI and transactions can be declined or blocked as a result of such screening.

Transfers are reviewed and could be declined, delayed, or blocked if we identify an issue.

There are also cases where Venmo instant transfer does not work which can happen at the most unexpected moment. So it is not the most reliable transfer option.

How to bypass the Venmo Instant Transfer limit

If you find yourself looking to go beyond the Venmo instant transfer limit, there is no better way than to complete identity verification.

But if it is a one-off situation, you can try some ways below if the amount is not that material. The thing is Venmo transfer limits for cash out or instant bank transfer to your bank account are separate from Venmo spending limits which include person-to-person payments and other spending on authorized merchants and is $299.99 per week (for a non-verified account). So you can utilize this additional amount, if available if you have not used it in that week.

  • Transfer money from Venmo to Cash App and instant transfer from Cash App to your Bank (if you have a Cash App account)
  • Send money to your friend or family member on Venmo and have him Zelle it back to you (make sure you send it to a trusted friend since the transfer is irreversible)

Venmo Instant Add Money Limit

Venmo has also recently introduced the option to instantly add money to your Venmo account, as one of the ways to add money to Venmo. This option is not available to all users, but only to some Venmo users who have the Venmo Debit Card.

Using this option, you can instantly add money from your bank account to Venmo (it does not work with a bank debit card). The limit to instantly add money to Venmo is currently $500 per week.

Venmo Instant Transfer Limit vs other limits

It is important to note that Venmo Instant Transfer Limits are separate from your Venmo spend limits.

The Venmo spend limits are applicable for person-to-person transactions and payments to authorized merchants (combined $299.99 per week for non-verified accounts, combined 6999.99 per week for verified accounts).

Venmo also has a limit of $400 per day for cash withdrawals at ATMs or over-the-counter cashback at stores.

You can check more details on the Venmo website.

Wrap Up

Hope this post has helped you get more clarity on Venmo instant transfer limits. Do keep in mind the limits and also the fees involved when doing an instant transfer on Venmo.

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Dev

I am a blogger with a passion for finance and technology. On this website, I share helpful information mostly on products and services, that we use in our daily lives.

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