Understand all aspects of the Venmo ATM withdrawal limit

[Juliana]

In today’s fast-paced digital world, Venmo has become one of the most popular peer-to-peer payment platforms. With the Venmo debit card, users can easily access their funds at ATMs or make purchases wherever Mastercard is accepted. But to use Venmo efficiently, especially when it comes to withdrawing cash, it’s essential to understand all aspects of the Venmo ATM withdrawal limit, fees, and other related constraints. Below, we dive deep into all the crucial details surrounding Venmo withdrawal limits and ATM use, helping you stay informed and avoid surprises.

Venmo Daily Withdrawal Limit

The Venmo daily withdrawal limit is the maximum amount you can take out using your Venmo debit card in a single day. As of now, the daily withdrawal limit is $400 per day. This resets every 24 hours and includes all ATM withdrawals, over-the-counter withdrawals, and cash back at the point of sale. It’s important to note that any attempt to exceed this amount will result in a declined transaction.

Venmo Debit Card Limit

The Venmo debit card limit encompasses several types of limits: purchase, ATM withdrawals, and cashback transactions. Here’s a breakdown:

Daily purchase limit:
$3,000
Daily ATM withdrawal and cashback limit:
$400
Daily over-the-counter withdrawal limit:
Included in the $400 daily withdrawal limit

These limits apply within a 24-hour rolling period and help prevent fraud and misuse.

Venmo Card Withdrawal Limit

When discussing the Venmo card withdrawal limit, we’re specifically referring to the total amount you can withdraw through ATMs, cashback, and over-the-counter requests. This limit is capped at $400 per day. If you attempt to withdraw more than this amount, the transaction will be automatically declined, even if you have sufficient funds in your account.

Venmo Card Limit

The overall Venmo card limit includes purchases, ATM withdrawals, and cashback. Users can spend up to $3,000 per day on purchases and withdraw a maximum of $400 per day in cash. These restrictions are put in place to safeguard user accounts and maintain transactional integrity.

Venmo ATM Limit

The Venmo ATM limit is simply another term for the Venmo ATM withdrawal limit, which is $400 per day. This applies to any ATM transactions performed using the Venmo debit card, regardless of the bank or network used, as long as the ATM accepts Mastercard.

Venmo ATM Withdrawal Limit

To summarize, the Venmo ATM withdrawal limit is currently set at $400 per 24-hour period. This includes all types of cash withdrawals and cashback transactions. If you reach this limit, you will need to wait for the next 24-hour cycle for the limit to reset before withdrawing more.

Venmo Cash Limit

The Venmo cash limit also refers to how much physical cash you can access via ATM, point-of-sale cashback, or over-the-counter transactions. This limit is $400 per day. Note that this does not impact your ability to send or receive money through the Venmo app itself.

Venmo Withdrawal Limit

The broader Venmo withdrawal limit includes ATM withdrawals, cashback at merchants, and over-the-counter cash withdrawals, all of which fall under the $400 daily limit. For larger transactions, users will need to plan ahead or explore alternate withdrawal methods.

Where Can I Withdraw Money from Venmo for Free

You can withdraw money from Venmo for free at any MoneyPass ATM located within the U.S., provided you use your Venmo debit card. Transactions at these ATMs do not incur any additional fees. Use the ATM locator within the Venmo app to find the nearest fee-free ATM.

How Much Can You Withdraw from Venmo at ATM?

You can withdraw up to $400 per day from ATMs using your Venmo debit card. This includes ATM withdrawals, cashback, and over-the-counter cash outs.

What ATM Can I Use My Venmo Card for Free?

You can use your Venmo card for free at any ATM that is part of the MoneyPass network. These ATMs allow fee-free access to your Venmo funds. Using non-MoneyPass ATMs typically results in a $2.50 fee per transaction, plus any additional charges imposed by the ATM owner.

What is Venmo’s Daily Limit?

Venmo’s daily limit refers to several transactional caps:

ATM/Cash withdrawals:
$400/day
Purchases (with the debit card):
$3,000/day
Venmo-to-Venmo payments:
$4,999.99/week (rolling 7-day period) for verified accounts

These limits can vary based on account verification and activity levels.

How Much is the ATM Domestic Withdrawal Fee for Venmo?

If you use an ATM outside the MoneyPass network, Venmo charges a $2.50 domestic withdrawal fee per transaction. Additional fees may be applied by the ATM operator. To avoid fees, always use MoneyPass ATMs.

MoneyPass ATM Near Me

Looking for a MoneyPass ATM near you? Use the ATM locator in the Venmo app or visit the MoneyPass official website. This tool helps you find fee-free ATMs that support your Venmo debit card quickly and efficiently.

Venmo ATM Withdrawal Limit Reddit

On platforms like Reddit, users frequently discuss real-life experiences with the Venmo ATM withdrawal limit. While the official limit remains at $400 per day, some users share tips on optimizing withdrawals by combining in-store cashback and scheduling withdrawals across multiple days.

Venmo ATM Withdrawal Limit Increase

Currently, there is no official way to increase the Venmo ATM withdrawal limit beyond $400/day. However, verified users may experience fewer restrictions on Venmo peer-to-peer transfers and purchases. For large cash needs, consider transferring funds to a traditional bank account.

Venmo ATM Near Me

To locate a Venmo ATM near you, search within the Venmo app or use the MoneyPass ATM locator. These ATMs accept your Venmo card and allow free withdrawals, as long as they are part of the MoneyPass network.

Venmo ATM Fee

If you use a non-MoneyPass ATM, you will be charged a $2.50 Venmo fee per transaction, in addition to any surcharge from the ATM operator. Avoid these fees by sticking with in-network ATMs.

How to Withdraw Money from Venmo Without Card

If you don’t have your Venmo debit card, there are a few options:

Transfer funds to your linked bank account
and withdraw from your bank.
Use Cash App or PayPal, if linked, to send
money to a platform that allows cardless withdrawal.
Send
funds to a trusted friend with a card and have them withdraw on your
behalf.

Venmo does not currently offer cardless ATM access, so using a linked bank is the most straightforward option.

Conclusion

Understanding the Venmo ATM withdrawal limit and associated fees is essential for anyone relying on Venmo for their daily financial transactions. By staying within the $400/day cash withdrawal limit, using MoneyPass ATMs, and planning ahead for larger cash needs, you can manage your Venmo account efficiently and avoid unnecessary charges. Always keep track of your limits and use the Venmo app’s tools to stay updated.

FAQs

Q1: Can I increase my Venmo ATM withdrawal limit?
A: No, Venmo does not currently offer an option to increase the ATM withdrawal limit.

Q2: Are there any ATMs where I can withdraw money from Venmo for free?
A: Yes, MoneyPass ATMs allow you to withdraw funds for free using your Venmo card.

Q3: What happens if I exceed my Venmo withdrawal limit?
A: Any transactions above the limit will be declined until the 24-hour period resets.

Q4: Does Venmo offer cashback options at stores?
A: Yes, participating merchants allow cashback up to the daily withdrawal limit.

Q5: What’s the best way to withdraw money from Venmo without a card?
A: Transfer funds to your linked bank account and withdraw from there.