Venmo Maximum Transfer Limit: Everything You Need to Know

[Ailana]

Venmo has become one of the most popular digital wallets and peer-to-peer payment apps in the U.S., but when using it frequently or for large transactions, it’s essential to understand the Venmo transfer limits. Below, we cover every important detail about Venmo limits, how to increase them, and what they mean for your financial transactions.

What is Venmo Limit?

The Venmo limit refers to the maximum amount you can send, receive, or transfer through the Venmo platform within specific timeframes. These limits are in place to protect users and comply with financial regulations. Venmo has different limits for unverified and verified accounts, and these limits vary for payments to people, purchases from businesses, and bank transfers.

Venmo Weekly Limit

For users with unverified accounts, the default Venmo weekly sending limit is $299.99. Once your identity is verified, this limit increases significantly. For verified accounts, the Venmo weekly limit for person-to-person payments, authorized merchant payments, and Venmo Mastercard debit card purchases is $6,999.99.

This weekly rolling limit resets on a rolling basis, not a calendar week. That means each transaction will “fall off” the calculation exactly 7 days after it occurred.

Transfer Limit Venmo

The transfer limit on Venmo depends on whether you’re sending money to another Venmo user, paying a merchant, or transferring funds to your bank account. For instant transfers to your bank, the limit is:

$5,000 per transaction
$5,000 per week
Minimum transfer amount: $0.26

Transfers that exceed this must be split into smaller transactions. For standard bank transfers, there’s typically no lower limit, but the $19,999.99 weekly cap still applies for verified users.

Venmo Daily Transfer Limit

Venmo does not technically impose a daily transfer limit, but because of the weekly cap, it indirectly affects how much you can send in a single day. For verified accounts, if you haven’t made any transactions in the past week, you could potentially send the full $6,999.99 in one day.

Maximum Venmo Payment

The maximum Venmo payment for verified users is up to $4,999.99 per transaction when sending to individuals. For merchant payments, limits may vary based on the merchant’s setup, but the total cannot exceed the $6,999.99 weekly limit across all Venmo spending.

Venmo Weekly Sending Limit

The Venmo weekly sending limit breaks down like this for verified users:

Person-to-person payments: Up to $4,999.99
per transaction
Purchases with Venmo debit card:
Included in the $6,999.99 total weekly limit
Authorized merchant payments: Also part of
the same limit

Once this $6,999.99 cap is reached, you must wait until the oldest transaction falls outside the 7-day window before sending more money.

Venmo Account Limit

Your Venmo account limit varies depending on verification status. A fully verified account enjoys significantly higher limits, including:

Sending funds: Up to $6,999.99 per week
Transferring to bank (instant): $5,000
per transfer
Venmo Debit Card ATM withdrawals: $400
per day

Unverified users are limited to $299.99 per week across all types of transactions.

Venmo Send Limit Per Day

While there’s no set Venmo send limit per day, the weekly limit governs what can be done daily. You can technically send the full allowable weekly amount in one day if no other transactions have occurred that week.

Venmo Account Limit Per Month

Venmo does not have a strict monthly limit; instead, it focuses on a rolling 7-day period. However, if you’re looking for a rough monthly estimate for a verified account, it could be as much as $27,999.96 (i.e., $6,999.99 x 4 weeks) in sending and purchasing activity.

Venmo Verified Account Limit

When you complete identity verification with Venmo, your limits increase significantly. Here are the Venmo verified account limits:

$6,999.99 per week for all
transactions
$5,000 per instant bank transfer
$19,999.99 per week for bank
transfers (cumulative)
$400 daily for ATM withdrawals using Venmo Debit Card

Venmo Limit Per Week

The Venmo limit per week is most relevant for active users. To summarize:

Unverified users: $299.99
Verified users: $6,999.99 (spending + sending)
Instant bank transfers: $5,000
per week
Standard bank transfers: Part of $19,999.99
total weekly transfer cap

How Much Can You Send on Venmo for Free?

All person-to-person payments on Venmo are free when funded via a linked bank account, debit card, or Venmo balance. You can send up to $6,999.99 per week on a verified account without fees. However, using a credit card to fund payments incurs a 3% fee.

How to Increase Venmo Limit

To increase your Venmo limit, you must complete the identity verification process. This allows Venmo to comply with federal regulations and raise your sending and bank transfer caps. Once verified, your weekly limit jumps from $299.99 to $6,999.99.

How to Verify Venmo Account

Follow these steps to verify your Venmo account:

Open the Venmo app
Tap the menu icon (☰)
Select Settings
Choose Identity Verification
Submit your legal name, address, date of birth, SSN, and
possibly a photo ID

Verification typically completes in a few minutes to a couple of business days.

Venmo Monthly Limit

Venmo does not implement a strict Venmo monthly limit but rather a weekly rolling cap. However, with a verified account, if you maximize your weekly sending limit, you could send nearly $28,000 monthly. Instant transfer and debit card use limits remain unchanged.

Conclusion

Understanding your Venmo limits is crucial for managing personal and business finances efficiently. Whether you’re a casual user or someone who frequently moves large sums of money, verifying your account unlocks the highest potential of the platform. Stay informed and track your weekly activity to avoid interruptions or declined transactions.

FAQs

Q1: What’s the fastest way to increase my Venmo limit?
A: Complete the identity verification process in the app under Settings > Identity Verification.

Q2: Can I send more than $5,000 at once?
A: No, Venmo’s maximum per transaction limit is $4,999.99 for person-to-person transfers. You will need to split the transaction if it’s larger.

Q3: Do Venmo limits reset on Sundays?
A: No, Venmo uses a rolling 7-day window, so limits reset gradually as previous transactions fall outside the 7-day period.

Q4: Is there a limit on receiving money?
A: No, there is no limit on how much you can receive in Venmo.

Q5: Will linking a bank increase my limit?
A: No, only completing identity verification increases your Venmo limit.