Venmo Limit - How To Increase Venmo Person To Person Limit?

Posted on 12 March, 2024 by justin smith

Venmo has become one of the most popular digital payment platforms, offering convenience and ease of use for millions of users. However, many users encounter limitations on their transactions, such as daily, weekly, and monthly limits. In this guide, we'll explore how to increase your Venmo Person To Person Limit and navigate the daily, weekly, and monthly restrictions.

Understanding Venmo Limits

Venmo imposes limits on the amount of money you can send and receive to protect against fraud and ensure a secure platform. These limits vary depending on several factors, including your account history, verification status, and transaction activity. By default, new Venmo accounts have lower limits, but these can be increased over time.

Venmo Daily Limits

The daily limit for sending and receiving money on Venmo varies based on your account's verification status. Unverified accounts have a lower daily limit, typically around $299.99. To increase this limit, you'll need to verify your identity by providing your full legal name, date of birth, and the last four digits of your SSN.

Once your account is verified, your daily limit may increase to up to $2,999.99. However, this limit can vary based on your transaction history and other factors. To check your current daily limit, open the Venmo app, tap on the menu icon, select "Settings," and then tap on "Payment Limits."

Venmo Weekly Limits

In addition to daily limits, Venmo also imposes weekly limits on transactions. The weekly limit is typically $4,999.99 for verified accounts. This limit includes both payments and purchases made using Venmo. To increase your weekly limit, you'll need to provide additional information, such as your income level and source of funds.

To check your current weekly limit, follow the same steps as checking your daily limit. Keep in mind that exceeding your weekly limit may result in temporary account restrictions, so it's important to monitor your transactions closely.

Venmo Monthly Limits

Venmo also sets monthly limits on transactions, which are typically around $6,999.99 for verified accounts. Like the daily and weekly limits, the monthly limit can vary based on your account activity and verification status. To increase your monthly limit, you may need to provide additional documentation, such as bank statements or tax returns.

To check your current Venmo monthly limit, follow the same steps as checking your daily and weekly limits. It's important to note that exceeding your monthly limit can result in permanent restrictions on your account, so it's essential to stay within your limits.

Increasing Your Venmo Limits

To increase your Venmo limits, follow these steps:

1. Verify your identity: Ensure your account is verified by providing the required information, such as your full legal name, date of birth, and SSN.
2. Increase transaction activity: Use Venmo regularly for transactions to demonstrate responsible use of the platform.
3. Provide additional information: If requested, provide additional documentation, such as bank statements or tax returns, to increase your limits.
4. Contact Venmo support: If you have specific reasons for needing a higher limit, such as a large purchase or payment, you can contact Venmo support for assistance.

By following these steps, you can increase your Venmo person-to-person limits and enjoy greater flexibility when using the platform for payments and purchases.