Understanding Your Daily Withdrawal Limit with the Venmo Card – How Much Can You

[Jennifer]

The Venmo debit card provides users with seamless access to their Venmo balance for everyday purchases and ATM withdrawals. While it’s a convenient tool, there are important limits and rules every cardholder should understand. In this comprehensive guide, we break down the daily withdrawal limit with Venmo card, explain how to increase it, and answer the most common questions about accessing your funds.

What Are Venmo Card Limits and How to Increase Them

Every financial tool has limits to ensure security and prevent fraud. The Venmo debit card limit includes daily, weekly, and transaction-specific restrictions. For withdrawals, Venmo sets a daily cap of $400 at ATMs, over-the-counter (OTC) withdrawals, and cash-back transactions combined. This means that no matter how many ATM or OTC transactions you perform, the total cannot exceed $400 in a single calendar day.

To increase your Venmo card limits, ensure that your identity is fully verified within the Venmo app. Go to your settings and complete the identity verification process by providing your legal name, date of birth, SSN, and address. While Venmo does not guarantee a higher limit post-verification, it is a requirement for access to the full range of features and maximum limits.

Daily Withdrawal Limit with Venmo Card

The daily withdrawal limit with Venmo card currently stands at $400. This includes:

ATM withdrawals
Over-the-counter withdrawals
Cash back with purchases

Each of these transactions is counted together toward the daily total. Once you hit this limit, you cannot withdraw additional funds until the next calendar day.

Is There a Withdrawal Limit on Venmo Card?

Yes, there is a withdrawal limit on Venmo card

The card allows a maximum of $400 per day, irrespective of how many times you use it. These limits reset at midnight CST. Be aware that this restriction is separate from other card usage limits, such as purchase transactions.

Does Venmo Have a Daily Cash Limit?

Venmo does have a daily cash limit of $400, specifically for ATM and over-the-counter cash withdrawals. This limit helps to maintain account security and prevents excessive usage or abuse. The daily cash limit is enforced strictly, and transactions that would exceed it will be declined.

Can I Withdraw Money at an ATM With My Venmo Card?

Absolutely. You can withdraw money at an ATM with your Venmo card, just like any other debit card. Make sure to look for ATMs with the Mastercard, PULSE, or Cirrus logos, as these are compatible with the Venmo card.

How Much Does Venmo Take to Withdraw?

When withdrawing funds from an ATM, Venmo does not charge a fee if you use a MoneyPass ATM within the U.S. However, if you use an out-of-network ATM, there is a $2.50 withdrawal fee, in addition to any fee that may be charged by the ATM operator. For over-the-counter withdrawals, a $3.00 fee applies per transaction.

Daily Withdrawal Limit With Venmo Card ATM

The daily withdrawal limit with Venmo card ATM is $400. This includes any combination of cash withdrawals from ATMs, OTC, or cash-back requests. You cannot exceed this amount, even if your account balance allows it.

Daily Withdrawal Limit With Venmo Card Wells Fargo

Using your Venmo card at a Wells Fargo ATM falls under the same $400 daily limit. However, since Wells Fargo ATMs are not in the MoneyPass network, you will incur a $2.50 withdrawal fee unless your account offers ATM fee reimbursement.

Daily Withdrawal Limit With Venmo Card Chase

Just like with Wells Fargo, the daily withdrawal limit with Venmo card at Chase ATMs is capped at $400. Again, Chase is not part of the MoneyPass network, so be prepared for the additional $2.50 fee, plus any fees charged by Chase itself.

Venmo ATM Withdrawal Limit

The Venmo ATM withdrawal limit is a flat $400 per day, across all eligible ATM and cash withdrawal types. This figure includes both domestic and international transactions and is reset at 12:00 AM CST daily.

Where Can I Withdraw Money From Venmo For Free

You can withdraw money from Venmo for free by using MoneyPass ATMs within the U.S.. These ATMs are scattered nationwide and allow users to access their funds without incurring any withdrawal fees. To locate a free ATM near you, use the ATM locator on the Venmo app or the MoneyPass website.

Venmo Debit Card ATM

The Venmo debit card ATM functionality enables users to access cash 24/7, just like with any traditional debit card. It’s compatible with Mastercard, PULSE, and Cirrus ATM networks. To avoid additional fees, stick with MoneyPass ATMs for your withdrawals.

Venmo Debit Card Limit

Besides ATM withdrawals, the Venmo debit card limit also includes spending caps. The card comes with a daily purchase limit of $3,000 and a weekly rolling limit of $6,999.99 across all transactions, including ATM and purchase activity. These limits are in place to enhance security and manage risk effectively.

Conclusion

Understanding your daily withdrawal limit with Venmo card is essential to managing your finances effectively. With a $400 daily cap, it’s crucial to plan your withdrawals accordingly. Whether you’re withdrawing from ATMs, over-the-counter services, or getting cash back, keeping within these limits helps avoid declined transactions or unexpected fees. Always use MoneyPass ATMs when possible to save on withdrawal charges and verify your identity to ensure access to the highest possible limits.

FAQs

Q: Can I increase my daily withdrawal limit on the Venmo card?
A: No, Venmo currently does not allow users to increase their $400 daily withdrawal limit. However, verifying your identity is required to unlock all card features.

Q: What happens if I try to withdraw more than my limit?
A: Any transactions that would exceed the $400 daily withdrawal limit will be automatically declined.

Q: Does Venmo charge ATM fees?
A: Venmo charges no fee for MoneyPass ATM withdrawals. Out-of-network withdrawals will incur a $2.50 fee plus the ATM provider’s fee.

Q: What if I lose my Venmo card?
A: You can freeze your card instantly through the Venmo app and request a replacement card.

Q: How can I avoid withdrawal fees?
A: Stick to MoneyPass ATMs to avoid fees. You can locate these through the Venmo app or website.

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