Venmo Limit – How To Increase Venmo Limit?

ByThomas Cook

I can provide you with information about Venmo Limit and general practices. Keep in mind that these details might have changed since then, so it’s a good idea to refer to Venmo’s official website or contact their customer support for the most up-to-date information.

What is the Venmo limit?

Venmo imposes certain limits on transactions to ensure security and prevent misuse. These limits can include sending limits, withdrawal limits, and receiving limits. The specific limits can vary based on factors such as account verification, usage history, and more.

How to Increase Venmo Limit?

Venmo often allows users to increase Venmo limits by verifying their identity. Here’s a general step-by-step guide based on the process as of my last update:

  1. Log In: Sign in to your Venmo account using the app or website.

  2. Access Settings: Navigate to the “Settings” section of your Venmo account.

  3. Verify Identity: Look for an option related to identity verification. It might be called “Verify Identity” or something similar.

  4. Provide Information: Follow the prompts to provide the necessary information for identity verification. This might include your full legal name, date of birth, Social Security number, and possibly a photo of a government-issued ID.

  5. Submit Documentation: If requested, upload clear photos of the required documentation, such as your driver’s license or passport.

  6. Wait for Review: Once you’ve submitted the required information, Venmo will review your application. This process can take some time.

  7. Confirmation: You’ll receive a notification once your identity verification is approved. Your limits should increase after this step.

Limits on a Verified Venmo Account:

The exact limits for sending and receiving money on a verified Venmo account can vary. Generally, after completing identity verification, users might experience increased limits. However, these limits can still be subject to periodic reviews by Venmo.

Daily, Weekly, and Monthly Limits:

Again, these limits can vary based on different factors, but here’s a rough idea of what the limits might look like for a verified account:

  • Sending Limits: Daily limit could range from $2,999 to $4,999.
  • Receiving Limits: Similar to sending limits, the daily limit for receiving funds could be around $2,999 to $4,999.
  • Weekly and Monthly Limits: These could be higher than the daily limits, usually ranging from $6,999 to $19,999.

Keep in mind that Venmo may also have additional Venmo limits on instant transfers and withdrawals to your bank account.