Venmo is a user-friendly app that allows users to send and receive money simply. Yet, to maintain financial integrity, Venmo has certain limits in place. Venmo limits are put in... moreVenmo is a user-friendly app that allows users to send and receive money simply. Yet, to maintain financial integrity, Venmo has certain limits in place. Venmo limits are put in place to protect both users and the platform against fraudulent activities by different types of Venmo limitations and their purpose. You are limited to $299.99 for all your transactions per week before you have verified your identity.
Upon verification of your identity, however, this Venmo limit is increased substantially and updated on a weekly rolling basis. If you reach your weekly limit, the transaction amount will not count against your limit until exactly a week after the transaction was posted.
What are the different types of Venmo limits?
Venmo has different limits. Venmo users who have not verified their identity are subject to lower limits than those who have. After you have verified your identity, here is the breakdown of Venmo maximum transfer amount:
• All transactions combined: $4,999.99 weekly limit on a... less