Understanding Venmo Debit Card Limit and Restrictions

The Venmo debit card can be a convenient way to spend your money, but it's essential to understand the limits and restrictions that come with it. You can spend up to $4,999.99 per day.

Venmo debit cardholders have a daily spending limit of $4,999.99, but this limit may be lower if you have a history of overspending or if you're using a debit card with a lower limit. This limit is in place to help protect you from overspending and to prevent unauthorized transactions.

If you need to make a large purchase, you can contact Venmo customer support to request a temporary increase in your spending limit. This is usually done on a case-by-case basis, and it's not a guarantee that your limit will be increased.

Venmo debit cardholders are also subject to a $4,999.99 daily ATM withdrawal limit.

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The Venmo debit card is a convenient way to spend the money in your Venmo account, but it's not without its limitations. You can't use it for international transactions, whether you're making purchases online or in person, and it's not a substitute for a checking account.

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There are several features that you might need with a checking account that Venmo can't deliver, including direct deposits for your paychecks, mobile check deposits, and in-person cash deposits. You'll still need a checking account to reload your Venmo balance.

The Venmo debit card has several spending limits. The per-transaction limit is $2,999.99, and the weekly spending limit is $6,999.99. For merchant transactions, the daily limit is $3,000.

Here are the key spending limits for the Venmo debit card:

You can also make purchases, but there are limits to how much you can spend. No single purchase can exceed $3,000, and on a weekly basis, you can't make more than $4,999.99 in purchases with your Venmo debit card.

Venmo offers a range of payment and transfer options, making it easy to manage your finances.

The weekly spending limit on Venmo is $6,999.99, which includes payments to authorized merchants and person-to-person transactions. This limit increases to $29,999.99 once you've completed the verification process.

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You can also set up a Venmo debit card, which has a per-transaction limit of $2,999.99 and a weekly spending limit of $6,999.99. Additionally, merchant transactions have a daily limit of $3,000.

Venmo's bank transfer limits vary depending on the type of transaction. When adding money from your bank account to your Venmo account, the weekly limit is $1,500. However, if you're moving money into your bank account, the limit is $999.99 with an unverified identity and $19,999.99 with a verified identity.

Here's a breakdown of Venmo's transfer options:

You can add money to your Venmo account from your bank account, but be aware that there's a weekly limit of $1,500, which may be reduced depending on security checks at Venmo.

To move money into your bank account, you'll need to use a bank transfer, which has its own set of limits. With an unverified identity, the weekly limit is $999.99, while a verified identity boosts the limit to $19,999.99.

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Keep in mind that there's a minimum transfer amount of 0.26 USD for instant transfers, and if you're moving less than 0.25 USD, you can use the standard bank transfer option.

Here's a breakdown of the bank transfer limits:

Payment options on Venmo are quite flexible. You can make person-to-person payments, online payments, in-app purchases, Venmo debit card transactions, and in-store purchases.

The weekly spending limit for these transactions is $6,999.99, but there's a catch. If you haven't completed the verification process, the limit drops to $299.99. Once you've verified your account, you'll have access to the higher limit.

For person-to-person payments, the per-transaction limit is $4,999.99, and the weekly limit is also $4,999.99. This is a good thing to keep in mind if you're planning to send or receive large payments through Venmo.

Here are the per-transaction limits for different types of transactions:

The reload feature on Venmo is a convenient way to add money to your account when you're running low. It automatically adds $10 increments to your Venmo balance, but be careful not to overdraft your bank account.

Cash withdrawals from ATMs, over the counter, or at checkout come straight out of your Venmo balance, and there's a $400 daily withdrawal limit.

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Sending money with Venmo is a breeze, and you can send up to $4,999.99 per transaction to another person.

However, if you're sending to a merchant, the per-transaction limit drops to $2,999.99.

Your weekly sending limit is also affected by these per-transaction limits, and it's different depending on whether you're sending to a person or a merchant.

Here's a breakdown of Venmo's sending limits:

Keep in mind that if you make a transaction, it will be deducted from your weekly limit, but if a whole week passes, your weekly limit will be restored to its usual amount.

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You can disable your Venmo debit card in the app or by calling Venmo customer service if you suspect your card's been compromised.

Mastercard's zero liability rule applies to Venmo debit cards in most cases, meaning you're not responsible for fraudulent transactions.

If Mastercard's zero liability policy doesn't cover you, your liability can be limited to $50 by Venmo if you notify them within two business days.

Notify Venmo of an unauthorized transaction within two business days to limit your liability to $50.

You can also disable your card if it gets lost, and if you find it again, you can enable it again through the Venmo app.

If you notify Venmo after the two-business day window closes, you could be liable for up to $500 in unauthorized transaction losses.

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The Venmo Mastercard is a debit card that's linked to your Venmo account, allowing you to make purchases and withdraw cash. It's a contactless payment option, so you can tap your card on the payment reader at checkout to pay.

The Venmo Mastercard is similar to PayPal's debit card, which is linked to your PayPal balance. This new card offers Venmo a way to make inroads into the retail payments market, competing with other popular payment systems like Apple Pay and Google's Android Pay.

You can use your Venmo Mastercard to make purchases anywhere Mastercard is accepted in the U.S., including online from Amazon, buying groceries, or booking a hotel. It's also equipped for contactless payments, making it a convenient option.

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One thing to keep in mind is that the Venmo Mastercard has weekly limits, with a maximum expenditure of $7,000 per week, and a per-transaction limit of $2,999.99. You'll also have a $400 daily limit for ATM withdrawals and cash back, and a $3,000 daily purchase limit.

Here are the key limits for the Venmo Mastercard:

If you're considering getting the Venmo Mastercard, it's worth weighing the pros and cons. On one hand, it offers a convenient way to use your Venmo funds at brick-and-mortar merchants. On the other hand, if you're happy with your bank's debit card, the Venmo Mastercard might not add much value.

Venmo offers a Teen Account for ages 13 to 17, which parents or guardians can set up and add money to via bank transfers or their own Venmo account.

This account has no monthly fees or deposit requirements, making it a more affordable option compared to other kid cards.

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