How Much Money Can You Send on Venmo? A Complete Guide

Venmo is a popular mobile payment app that makes sending and receiving money quick and easy. Whether you're paying for a shared meal or sending funds to family and friends, understanding the limits of how much you can send through Venmo is essential. In this guide, we’ll break down the details, including the Venmo daily transfer limits and the maximum amount you can send under different circumstances.

How Much Can You Venmo?

The amount you can send on Venmo depends on your account verification status. Venmo applies limits to ensure compliance with regulations and maintain security.

Unverified Accounts

If your Venmo account isn’t verified, you’ll face stricter limits:

Venmo Weekly Sending Limit: $299.99.
Venmo Max Transfer per Day: While there isn’t a fixed daily cap, this amount is part of the weekly limit.

Verified Accounts

For users who complete Venmo’s identity verification process, higher limits are available:

Venmo Weekly Sending Limit: Up to $60,000.
Venmo Daily Transfer Limits: No explicit daily cap, but you’re subject to weekly limits.

How Much Can You Send Through Venmo?

With a verified account, you can send up to $60,000 per week for personal transactions. However, individual transaction amounts may vary depending on the type of payment and recipient. Below is a breakdown:

Peer-to-Peer Payments: Verified users can send up to the weekly cap of $60,000.

Business Payments: Limits may vary depending on the nature of the business account.

Venmo Send Limits: A Detailed Look

Understanding Venmo’s send limits helps you plan your transactions effectively:

Venmo Limits Per Day: While Venmo doesn’t impose a strict daily limit, the overall weekly limit of $60,000 applies.
Bank Transfers: Maximum of $5,000 per transfer and $19,999 per week.

How Much Can You Send Someone on Venmo Without Fees?

Sending money through Venmo is free for personal transactions as long as you use a linked bank account or debit card. Here’s how you can maximize your free transfers:

Verified Accounts: Enjoy the full $60,000 weekly limit.
Unverified Accounts: Restricted to $299.99 per week for free transfers.

Venmo Pay Limits for Instant Transfers

If you need to transfer money instantly to your bank, Venmo applies specific limits:

Per Transaction: Up to $5,000.
Weekly Limit: Up to $19,999.

Keep in mind that instant transfers come with a 1.75% fee (minimum $0.25, maximum $25).

How Much Can You Send Thru Venmo for Business Transactions?

For business accounts, Venmo allows customized limits based on account activity and type. Verified business users can send significantly higher amounts, making Venmo an excellent choice for small business owners.

How to Increase Your Venmo Send Limits

To maximize the amount you can send through Venmo, follow these steps:

Complete Identity Verification:

Provide your full name, address, date of birth, and Social Security Number (SSN).
Submit required documentation if prompted.

Link Your Financial Accounts: Connecting your bank account or debit card helps optimize your account functionality.

FAQs about Venmo Send Limits

1. How much can you send over Venmo in one transaction?

The maximum per transaction is $60,000 for verified users, subject to weekly limits.

2. How often are Venmo limits reset?

Venmo limits reset on a rolling weekly basis, starting from the time of your first transaction.

3. Are there separate limits for Venmo cards?

Yes, Venmo cards have daily limits of $400 for ATM withdrawals and up to $3,000 for purchases.

Conclusion

Venmo’s transaction limits ensure security and compliance while providing flexibility for users. For verified accounts, the ability to send up to $60,000 per week makes Venmo an excellent tool for both personal and business use. To fully enjoy the platform's benefits, we recommend completing identity verification and linking your bank account.