How Much Can You Send On Venmo? Daily, Weekly Limit, Withdrawal Limit & Transaction fee?

Venmo, a popular mobile payment platform, has certain limits and fees associated with its services. The daily limit for sending money on Venmo depends on several factors, including your account history and verification status. Typically, the Venmo daily limit ranges from $2,999.99 to $4,999.99.

When it comes to the Venmo weekly limit, it also varies based on your account's verification level and history. The weekly limit can range from $4,999.99 to $19,999.99. These limits are subject to change, and Venmo may adjust them based on individual account activity.

Regarding withdrawal limits, Venmo allows users to transfer funds from their Venmo balance to their linked bank account. The standard withdrawal limit is $999.99 per week. However, Venmo offers a feature called "Instant Transfer" that allows you to move money instantly to your bank account for a fee. The Instant Transfer limit is $7,000 per transaction and may vary for different users.

Venmo charges a transaction fee for Instant Transfers. The fee is 1% of the transferred amount, with a minimum fee of $0.25 and a maximum fee of $10. For standard bank transfers, there is no fee involved.

Remember that Venmo's policies and limits may change over time, so it's essential to refer to Venmo's official website or contact their customer support for the most up-to-date information.