Venmo limits for personal accounts apply to purchases as well as sending and receiving money on the platform.
Here are Venmo transaction limits1 for personal accounts:
For unverified Venmo personal accounts limit(when identity verification has not been completed yet), there is a weekly spending limit of USD 299.99. This limit includes payments made for purchases as well as sending money to others. The good news is that you can easily increase this limit by verifying your Venmo account. To do so, go to the “Me” tab and then Settings and then “Identity Verification”.
If you have successfully verified your Venmo account, you can make weekly purchases of up to USD 7,000 and send up to USD 60,000 via your account.
If you wish to withdraw money from your Venmo account to your bank account, here are Venmo’s withdrawal limits2 to be aware of:
If you are an unverified Venmo account holder, you can send up to USD 999.99 per week to your bank account.
If your Venmo account is verified, you can send up to USD 19,999.99 to your account every week. Just be aware that there is a cap of USD 5,000 per transfer so you may need to do multiple transfers if you wish to send more than that amount per week.
Finally, it is also possible to send money to your Venmo account. If you wish to do so, below are Venmo’s deposit limits:
Up to USD 10,000 per week via a bank account.
Up to USD 2,000 per week via a debit card.
Venmo limits for various transaction types depend on whether your account is verified or not. Verify your identity to enjoy higher limits.
