Venmo Debit Card Withdrawal Limit [Complete Guide 2022]

What is Venmo debit card limit?

In order to enjoy full Venmo debit card limit, complete the identity verification process. If you cannot complete the identity verification process, your weekly limit will be restricted to $299.99. However, if you complete the identity verification process, your weekly limit will exceed to $699.99. 

Both the limits include online and in-app purchases, purchases with your Venmo debit card, and person-to-person payments. 

Venmo debit card restrictions

venmo debit card limit

Venmo complies with a limit or restriction on every card user. Users always have a restriction on the total amount of money they are receiving or transferring. 

Overall Combined Sending Limit:
$6,999.99
Person-to-Person PaymentsAuthorized Merchant PaymentsVenmo Mastercard Debit Card Purchases
Maximum Weekly Spending$4,999.99$6,999.99
$6,999.99
Per Transaction Limit$4,999.99$2,999.99$2,999.99

Note that if any amount exceeds for a particular vendor, say in the person-to-person section, your spending or transaction limit will decrease for the other two sections accordingly. 

Also Check:- Venmo debit card ATM withdrawal limit

Venmo debit card withdrawal limit

The Venmo MasterCard Debit Card can be used anywhere in the US and the UK. It, therefore, has proven to be a trusted card to withdraw money and to be used at stores and at the time of online purchases. You can reload your amount on your Venmo debit card but you have got only a fixed withdrawal limit. The daily limit on the Venmo debit card is $400. There are no charges in withdrawing money from the Venmo debit card if you are using it within the US territory. 

Summing up, you can only withdraw up to $400 per day without paying any extra charges for the withdrawal. However, the daily withdrawal limit for merchants is $3000.00 per day. If you are not a merchant or do not hold any business, your daily withdrawal limit will be $400 USD.

Also Check:- Increase Venmo transaction limit per day

Venmo debit card daily limit

If you are a Venmo Mastercard Debit Card user, you should know about the various limits set for the debit card. The limits are laid down as follows:

  • Daily purchase limit: You can spend only up to $3000 as your daily purchase limit. The limit resets every night at 12:00 AM CST.
  • Transaction limit: Venmo has set a transaction limit for every debit card. Even if you are performing a simple transaction, say $1, you will not be able to do more than 30 of it in a single day. So, the transaction limit for your debit card is 30 transactions per day. This resets daily at 12:00 AM CST.
  • ATM withdrawal: Venmo gives you the option to withdraw money from ATMs but you can not withdraw more than $400 from the ATM. However, the limit could be increased by certain procedures. This limit also resets at 12:00 AM CST daily.

Reload Limit: The reload limit varies from user to user. If you want to know about your reload limit, you can check it from the Venmo Debit Card section of the Venmo application.

Venmo card spending limit

If you are an unverified user on Venmo, your total Venmo debit card spending limit is set up to $299.99 weekly. You can use this limit for various types of payments, which include payments to local members and also merchants. If you get yourself verified on the Venmo application, you can increase your maximum weekly spending limit to $6,999.99. To verify yourself on the Venmo app, follow the steps below:

  • Go to the Me tab
  • Click on the Setting gear icon
  • Then click on the Identity Verification
  • Follow the prompts and complete your identity verification

Venmo App debit card transfer limit

The Venmo Debit card transfer limit is $299.99 if you do not complete the identity verification process. However, if you complete the identity verification process, the transfer limit with Venmo Debit card increases to $699.99. 

Also Check:- How to increase Venmo weekly limit per day?

Venmo Card reload limit

Suppose you want to purchase something and want to pay the balance with your Venmo app. But you notice that the amount you need to pay is exceeding the amount you have in your Venmo account. In that case, Venmo reloads can help. You need to enable the Venmo reload option from Venmo Debit Card section in your Venmo app. Once you do that, reloads will automatically pull the amount from the linked bank account. 

However, the Venmo debit card reload limit is $10.

Don’t forget to Check:- Venmo debit card cash back rewards

Venmo debit card deposit limit

Venmo has a debit card deposit limit. If you have completed your identity verification process, you need to deposit $999.99 in your bank account. However, on completing the identity verification process, you can deposit up to $19,999.99 every week. 

Venmo debit card age limit

In order to use a Venmo debit card, you need to be at least 18 years of old or equivalent to the age of majority in your current living state of residence. There are other requirements that you should know in order to use Venmo. These are:

  • You must be staying n the United States.
  • You must be using a US cell phone to receive text SMS and verification codes. Remember, the phone number you are using will be registered at the Venmo application.
  • You should have an updated version of the application

Venmo debit card atm limit

Venmo debit card ATM limit is $400 USD every day. You will have to pay an additional fee of $3.00 on withdrawing money from the ATM using Venmo debit card.

How to increase Venmo Debit Card limit?

You can increase the Venmo debit card limit by verifying yourself on the Venmo application. The steps for the process are discussed on the above points. Kindly have a check. Apart from the daily spending and withdrawal limits on the Venmo debit card, there are other limits too. 

Like, you are limited to only $20,0000 cryptocurrency purchases per week. And if taking into consideration for a month, you can only buy cryptocurrencies worth up to $50,000 in a 12-mont period. You can learn more about the Venmo limits by visiting their Help section and can also contact their support team if you are stuck in understanding a certain limit.

Venmo App FAQs

Does the Venmo debit card have a limit?

Yes, Venmo debit cards have got certain limits. These limits are transaction limit, reload limit, daily purchase limit, and ATM withdrawal limit. All these limits get reset every day at 12:00 AM CST.

Is there a spending limit on Venmo debit cards?

Yes, there is a spending limit on Venmo debit cards. You can spend only up to $299.99 per week. However, you can increase the spending limit by getting yourself verified on the Venmo application.

Does Venmo have a daily limit?

Yes, there is a daily limit on the Venmo application. You can only perform only 30 transactions in a day. And the daily purchase limit is restricted to $3000. This limit resets daily at 12:00 AM CST.

Does Venmo have a weekly withdrawal limit?

There is no such weekly withdrawal limit on Venmo. However, Venmo has imposed a daily withdrawal limit of $400. If you wish to increase this withdrawal limit, get yourself verified on the Venmo application and then contact the Venmo support team for further proceedings.

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