Additional restrictions apply to cardholders, such as a $400.00 daily withdrawal limit, retail purchase limits, and cashback limits. There is also a daily purchasing restriction of $3,000 and a maximum of 30 transactions per day for account holders. At midnight, Central Standard Time, all limitations are reset.<\/p>\n

Limits on Bank Transfers.<\/h2>\n

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In order to transfer money to their Venmo wallets, certain debit card holders with confirmed bank accounts have two options:<\/p>\n

Transfers take between three and five days and the weekly cap is $1,500. A minimal transfer amount is not set.<\/p>\n

Only some Venmo debit card holders have access to the Instant Add Money feature, which allows them to instantly deposit up to $500.00 per week from their verified bank accounts to their Venmo accounts. While the funds are immediately available in the customer’s digital wallet, it may take up to five business days for them to be deducted from their bank account.<\/p>\n

In order to transfer money from the Venmo app to a bank account, account holders must first authenticate their identification. Customers can send as much as $999.99 every week using Venmo, subject to the app’s security checks.<\/p>\n

The Venmo-to-bank account limit is increased to $19,999.99 a week if you enroll in Venmo’s identity verification system. The greatest amount that can be transferred to a bank account in a single transaction is $2,999.99, while the least amount that can be transferred is $0.26.<\/p>\n