When you verify your identity, the Venmo limit raises to $4,999.99 per week for person-to-person transfers and $6,999.99 for all types of Venmo transactions (both purchases and person-to-person transfers). But there are weekly limits to the amount of money you can transfer and withdraw from your account.īy default, the Venmo transfer limit for person-to-person transfers is $299.99 per week. If you don’t have a Venmo Debit Card, your account balance is any funds you’re received through Venmo transfers from friends, assuming those funds haven’t been moved out of your account to a linked bank account or card. There’s no option to instantly transfer funds. Transfers take three to five business days. To transfer funds directly into your Venmo account, you have to have a Venmo Debit Card. You can’t use multiple payment methods to fund a single payment. If the balance is insufficient, the full amount will be taken from the bank account or card linked to your account. You can allow the transaction to be visible to everyone, your friends or just yourself and the recipient (default).
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