Venmo has become a ubiquitous tool for transferring money between friends, family, and even small businesses. As convenient as it is, users often find themselves bumping up against Venmo’s person-to-person transfer limits. Whether you’re looking to split a large bill, pay rent, or manage other substantial transactions, understanding and increasing your Venmo person to person limit can save you time and frustration. In this comprehensive guide, we will explore the steps to increase your Venmo limit and ensure smooth transactions.

Understanding Venmo Limits

Venmo sets various limits on transactions to ensure security and compliance with financial regulations. These limits can vary based on whether your account is verified or unverified. Let’s break down the different types of Venmo limits:

Venmo Person To Person Limit

For unverified accounts, the weekly rolling limit is $299.99. Verified accounts can send up to $4,999.99 per week for person-to-person payments. This limit includes payments to friends and family.

Venmo Payment Limits

When using Venmo to make purchases from authorized merchants, unverified accounts have a weekly limit of $299.99, while verified accounts enjoy a higher limit of $6,999.99.

Venmo Transfer Limits

Venmo transfer limit also apply when transferring funds to your bank account. Unverified users can transfer up to $999.99 per week, whereas verified users can transfer up to $19,999.99 per week.

Why Increase Your Venmo Limit?

Increasing your Venmo transaction limit can provide several benefits:

Convenience: Higher limits mean fewer transactions to cover large amounts.Efficiency: Save time by not splitting payments into smaller amounts.Flexibility: Greater ability to handle unexpected large expenses. Steps to Increase Your Venmo Person To Person Limit

1. Verify Your Identity

The most straightforward way to increase your Venmo limit is to verify your identity. Here’s how:

Open the Venmo App: Go to the “☰” menu.Settings: Tap on “Settings” and then “Identity Verification.”Follow the Prompts: You will need to provide your full name, date of birth, social security number, and other relevant information.Submit: Once submitted, Venmo will review your information, and upon approval, your limits will be increased. 2. Link and Verify Your Bank Account

Linking and verifying your bank account can also help in increasing your Venmo limits. This process includes:

Adding a Bank Account: In the “Settings” menu, select “Payment Methods,” then “Add a Bank or Card.”Choose Bank: Select your bank and enter your banking credentials.Verify Account: Venmo will make two small deposits into your account. Enter these amounts into the app to verify. 3. Use Venmo Consistently

Frequent use of Venmo for legitimate transactions can signal to Venmo that you are a trustworthy user. Regular activity, such as sending and receiving money and making purchases, can positively affect your account standing.

4. Contact Venmo Support

If you’ve verified your identity and linked your bank account but still need higher limits, consider contacting Venmo support:

In-App Support: Use the “Get Help” section within the app.Email Support: Email Venmo at support@venmo.com with your request. Additional Tips to Manage Your Venmo Account

Monitor Your Limits

Regularly check your transaction history and limits:

Transaction History: Go to the “☰” menu and select “Transactions.”Limits: Under “Settings,” you can view your current limits and recent changes. Avoid Suspicious Activity

Ensure all transactions are legitimate. Suspicious activity can lead to account freezes and limit reductions. Always use Venmo for personal and authorized transactions.

Understand Venmo Fees

While increasing your limits, be aware of Venmo fees:

Standard Transfers: Free if you use your bank account or debit card.Instant Transfers: 1.5% fee (minimum $0.25, maximum $15).