Venmohas revolutionized how we manage peer-to-peer payments, but many users areunaware of the specific limits in place for daily withdrawals. Whether you’reusing the Venmo debit card or accessingyour funds via ATM, knowing the exact Venmo daily withdrawal limit is crucial for managing your finances efficiently and avoiding declinedtransactions. This comprehensive guide explains everything you need to knowabout Venmo’s withdrawal policies and how to use your Venmo card wisely.
Venmo Daily Withdrawal Limit
The Venmo daily withdrawal limit isthe total amount of cash you can withdraw within a 24-hour period using your Venmo debit card. As of now,the limit is set at $400 per day.This cap includes ATM withdrawals, cash back from purchases, andover-the-counter withdrawals at banks or financial institutions. If you hitthis limit, you must wait for a new 24-hour cycle before making another cashwithdrawal.
Venmo Debit Card Limit
The Venmo debit card limit includes various types of transactions — not just cash withdrawals. Here is abreakdown of the major limits associated with the card:
- Purchases: You can spend up to $3,000 per day.
- ATM withdrawals + cashback + OTC withdrawals: Combined limit of $400 per day.
Theselimits help protect users from unauthorized transactions and encourageresponsible use of the card.
Venmo Card Withdrawal Limit
The Venmo card withdrawal limit applies to cash transactions. This includes:
- Withdrawals from ATMs
- Cash back at the point of sale (e.g., grocery stores)
- Over-the-counter withdrawals from financial institutions
Allof these are collectively capped at $400 per day.You cannot exceed this amount, even if your Venmo balance is higher.
Venmo Card Limit
Theoverall Venmo card limit combines yourspending and cash access limits. Here’s how it breaks down:
- $3,000 per day for purchases
- $400 per day for cash withdrawals
Theselimits reset on a rolling 24-hour basis, not by calendar day. That means if youwithdraw $400 at 3 PM today, your limit won’t reset until 3 PM the next day.
Venmo ATM Limit
The Venmo ATM limit refers specifically to the amount you can withdraw from any ATM using your Venmo debit card. This limit ispart of the $400 daily withdrawal limit.Any cash withdrawal from an ATM, whether in-network or out-of-network, countstoward this cap.
VenmoATM Withdrawal Limit
The Venmo ATM withdrawal limit is capped at $400 every 24 hours.This includes all ATM transactions—whether you’re using a MoneyPass ATM or another network.Going over this limit will result in declined transactions, so be sure tomonitor your usage through the Venmo app.
Venmo Cash Limit
The Venmo cash limit is simplyanother term for the combined withdrawal limit. Whether you’re getting cashfrom an ATM, receiving cashback during a store transaction, or making anover-the-counter withdrawal, the total amount you can receive in cash islimited to $400 per day.
Venmo Withdrawal Limit
The Venmo withdrawal limit applies to all cash-related transactions done through your Venmo debit card.This includes:
- ATM withdrawals
- Store cashback
- Over-the-counter cash
Theaggregate limit for all of these is $400 per day,regardless of how you split the withdrawal types.
Where Can I Withdraw Money from Venmo for Free
Youcan withdraw money from Venmo for free by using your Venmo debit card at any MoneyPass ATM in the U.S. TheseATMs do not charge you any fees for withdrawals. To find a MoneyPass ATM, use the ATMlocator in the Venmo app or visit the official MoneyPass website. If you use anout-of-network ATM, Venmo charges a $2.50 fee,and additional operator fees may also apply.
Conclusion
Understandingthe Venmo daily withdrawal limit and how it fits into the broader structure of your Venmo debit card limit is keyto managing your money efficiently. By staying within the $400 daily cap, using MoneyPass ATMs for freewithdrawals, and monitoring your transactions through the Venmo app, you canavoid unnecessary fees and failed transactions. Always keep track of your balanceand limit usage wisely.
FAQs
Q1: What is the daily ATM withdrawal limit forVenmo?
A: The daily ATM withdrawallimit is $400, including allcash-related transactions.
Q2: Does the limit reset at midnight?
A: No, the limit resets on a rolling 24-hour basis, startingfrom your first withdrawal.
Q3: Can I increase my Venmo withdrawal limit?
A: Currently, there is no wayto increase the withdrawal limit beyond $400 per day.
Q4: Where can I withdraw Venmo money withoutpaying fees?
A: Use MoneyPass ATMs in the U.S. for fee-free withdrawals.
Q5: Is the $400 limit for ATM only or all cashwithdrawals?
A: The limit includes ATM, cashback, and over-the-counter cashwithdrawals, all combined.