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Venmo person-to-person limits are the maximum amounts you can send or receive using the Venmo app within specific time frames. Understanding Venmo limits is crucial for managing your transactions effectively.
Venmo Person To Person Limit
Venmo sets certain limits on how much money users can send to others. These limits vary depending on whether your identity is verified or unverified.
Unverified Accounts:
- Weekly Sending Limit: $299.99
- Daily Sending Limit: $299.99
Verified Accounts:
- Weekly Sending Limit: $6,999.99
- Daily Sending Limit: $4.999.99
To verify your identity on Venmo, you need to provide personal information such as your full name, date of birth, and the last four digits of your Social Security Number (SSN).
How to Check Your Limits
You can check your current Venmo limit by following these steps:
- Open the Venmo app.
- Go to the “?” menu (three horizontal lines).
- Select “Settings.”
- Choose “Limits.”
Increasing Your Limits
To increase your Venmo Person To Person Limit, ensure your identity is verified. This process can be done through the app by providing the necessary information. Once verified, your limits will automatically increase.
Summary
Understanding and managing your Venmo person-to-person limits is essential for smooth transactions. Unverified accounts have a weekly limit of $299.99, while verified accounts enjoy a higher limit of $6,999.99 per week. Verifying your identity can significantly enhance your transaction capabilities on Venmo.
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