Venmo is a popular mobile payment platform that allows users to send and receive money quickly and easily. However, there are certain limitations on the amount of money that can be transferred per day or week. In this article, we will explore the maximum transfer limits for Venmo accounts, both verified and unverified.
Venmo Max Transfer Limit Per Day and Per Week
Unverified Accounts

Venmo Daily limit: $2,999.99 for both sending and receiving
Venmo Weekly limit: $299.99 (person-to-person and authorized merchants combined)

Verified Accounts

Daily limit on Venmo: $4,999.99 for sending and receiving
Weekly limit on Venmo: $60,000 (person-to-person and authorized merchants combined)

Other Limits and Restrictions:

Venmo ATM Limit: The Venmo Mastercard Cardholder Agreement states that the maximum daily withdrawal limit at ATMs is $400 for both verified and unverified accounts.
Venmo Spending Limit: Unverified accounts have a spending limit of $299.99, while verified accounts have a higher weekly spending limit of $7,000.
Venmo Bank Transfer Limits: Verified Venmo users with verified bank accounts can add money to their wallets through standard or instant bank transfers. The standard add-money limit is $1,500 per rolling calendar week, while the instant add-money limit is $500 per week.
Venmo-to-Bank Account Transfer Limit: The maximum allowable limit per transaction to a bank account is $5,000, and the minimum transfer limit for instant bank transfers is $0.26.

How Much Can You Send On Venmo For Free?
Whether you can send money on Venmo for free depends on two key factors: verification and transaction type.

Unverified Accounts:

Free sending limit: $0 (you pay a 1% fee, minimum $0.25, for every transaction)
Total weekly sending limit: $299.99

Verified Accounts:

Free sending limit: $4,999.99 per day for person-to-person transactions (excluding Instant Transfers)
Weekly sending limit: $60,000 for total transactions (person-to-person and authorized merchants combined)

Venmo Transfer Limit Per Day To Bank Account
The maximum amount you can transfer from Venmo to your bank account per day depends on two main factors:

  1. Verification:

Verified accounts: If you've completed identity verification on Venmo, the daily standard transfer limit is $4,999.99. This means you can transfer this amount to your bank account for free (excluding any bank fees).
Unverified accounts: If you haven't verified your identity, the daily limit for standard transfers is significantly lower at $2,999.99. Additionally, you'll pay a 1% fee (minimum $0.25) for every transaction, including transfers to your bank account.

  1. Transfer type:

Standard Transfer: As mentioned above, the daily limit for standard transfers is $4,999.99 for verified accounts and $2,999.99 for unverified accounts. These transfers typically arrive in 1-3 business days.
Instant transfer: Venmo offers an "Instant Transfer" option that allows you to move money to your bank account immediately. However, there's a fee associated with this service: 1.75% (minimum $0.25, maximum $25) per transfer. The daily limit for instant transfers is $2,000, regardless of verification status.

Conclusion
Venmo imposes certain limits on the amount of money that can be transferred per day for both verified and unverified accounts. Unverified accounts have a lower daily limit of $299.99, while verified accounts have a higher daily limit of $4,999.99. Additionally, there are limits on ATM withdrawals, spending, and bank transfers. Venmo users need to be aware of these limits to effectively manage their transactions.