![]() ![]() In addition, users who use Venmo with their debit cards are also subject to a $400 daily Venmo limit for ATM withdrawals and over-the-counter withdrawals. Moreover, there are other personal reload limits for debit cards which vary from one user to the next, so you have to check them out yourself in the Venmo Debit Card section of the Venmo app. ![]() However, when using a Mastercard debit card to make transactions, users are subject to an additional Venmo weekly spending limit of $6,999.99. Once you have verified your identity with Venmo, you can start using the app to send larger amounts of money, or exactly up to $60.000 per week, to be precise. What Is the Max Amount You Can Venmo With a Verified Identity Verifying your identity with Venmo can only be done in the Venmo app and should not take more than a few minutes to finish. Then tap on “Identity Verification” and follow the prompts to finalize the process. To get rid of these low Venmo transfer limits and constraints, users can verify their identity by going to the “Me” tab and tapping on the settings icon on the top right. They can only transfer up to $999.99 to their bank accounts using Venmo, they cannot be added as managers for group accounts, and they cannot receive payments for selling goods and services, even if they have a business account. ![]() In addition to a weekly limit of $300, there are other restrictions for unverified users as well. When you haven’t verified your identity with Venmo, you won’t be able to use the app to the fullest, and the maximum you can send on Venmo, while unverified, is $299.99. The rules and regulations of this law obligate Venmo to collect certain personal information from its users to confirm their identity. How Much Money Can You Send on Venmo Without Verifying Your IdentityĪs a money transfer business, Venmo is regulated by federal law.
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