Have you ever hit your Venmo weekly limit at the wrong moment? Frustrating, right? Increasing your Venmo weekly limit can make managing larger expenses much easier. Whether you’re handling rent payments, splitting group bills, or just want more flexibility, learning how to increase your Venmo limit is worth it. This guide walks you through simple steps to get a higher limit and answers common questions along the way.
What is the Venmo Weekly Limit?
Venmo sets a weekly limit on how much you can send and spend to help protect your account. For unverified users, this cap is usually lower, while verified accounts have higher limits. Weekly limits apply to both person-to-person payments and purchases with authorized merchants. Knowing your current weekly limit can prevent unexpected holds on your account and help you budget your transactions.
How Much is the Venmo Weekly Limit for Verified vs. Unverified Accounts?
The Venmo weekly limit varies depending on whether your account is verified or unverified:
- Unverified Accounts: Limited to approximately $299.99 for weekly spending.
- Verified Accounts: Typically enjoy higher limits, reaching up to $4,999.99 weekly for payments and purchases.
Verifying your account can make a big difference in how much you can send and spend weekly, which is why it’s often the first step in increasing your Venmo limit.
Why is My Venmo Weekly Limit So Low?
If your Venmo limit feels low, there could be a few reasons:
- Unverified Account: Unverified accounts have lower spending caps as a security measure.
- New Account Status: New accounts often have lower limits until the user’s identity is confirmed.
- Recent Suspicious Activity: Suspicious transactions can lead to a temporary limit reduction for added protection.
Addressing these issues can help you raise your Venmo limit and enjoy more flexible spending.
How to Verify Your Venmo Account to Increase Your Weekly Limit?
Verifying your Venmo account is the quickest way to boost your weekly limit. Follow these steps:
- Open the Venmo App: Access your account on your smartphone.
- Go to the Settings Menu: Tap on the three horizontal lines in the upper-left corner, then select “Settings.”
- Choose “Identity Verification”: Venmo may ask for personal information to verify your identity, including your legal name, address, birth date, and Social Security number.
- Submit Verification Details: Follow the prompts and enter the requested information accurately.
Once submitted, Venmo reviews your details and will increase your limit if everything checks out. Verification usually takes a few minutes to a day.
Step-by-Step Guide: How to Increase Venmo Weekly Limit Beyond Verification
If you’re already verified and want an even higher limit, here’s what you can try:
- Link Multiple Bank Accounts: Adding a bank account (or two) can sometimes lead to increased spending flexibility.
- Consistently Use Your Account: Regular transactions with a positive balance can show Venmo that you’re a trustworthy user, which may help when requesting higher limits.
- Contact Venmo Support: If you need a higher limit, reach out to Venmo customer support and explain your needs. They may review your account history and provide an exception.
These tips can help you manage a higher volume of transactions without hitting your limit too quickly.
Tips to Maximize Your Current Venmo Limit
If you’re near your limit, here are a few ways to make the most of what’s available:
- Schedule Large Payments for the Following Week: If possible, time your payments so you’re not maxing out in one week.
- Split Payments: For big purchases, consider splitting them into smaller transactions over a few weeks.
- Use Linked Bank Accounts for Purchases: Some purchases can go directly through your bank, reducing the Venmo load.
These tips make your limit go further without having to wait for it to refresh.
How Long Does It Take for Venmo Limits to Update After Verification?
After verifying your account, Venmo typically updates your weekly limit within minutes. However, if Venmo needs additional time to review your details, it may take up to 24 hours. You’ll receive a notification once your limit increases. If your limit hasn’t updated after a day, try restarting the app or contacting support to confirm everything is in order.
Understanding Venmo Payment Limits vs. Withdrawal Limits
Venmo users have different types of limits:-
- Venmo Payment Limits: The total amount you can send to others or spend with Venmo-authorized merchants weekly.
- Venmo Withdrawal Limits: If you have a Venmo Card, there’s a cap on ATM and cash-back withdrawals (typically $400 daily).
Knowing the difference between these limits can help you better plan your spending and transactions, ensuring you don’t hit unexpected barriers.
Common Issues When Trying to Increase Your Venmo Limit
Some users experience difficulties in raising their Venmo limit. Here are a few common issues and how to troubleshoot them:
- Verification Pending: If verification is still processing, your limit may not increase until it’s complete.
- Incomplete Personal Information: Ensure all your details are correct in the app; incorrect information can lead to delays.
- Account Flags or Suspicious Activity: Venmo may temporarily lower your limit if it detects unusual activity. Contact support if this happens to review your account status.
Following these tips can help ensure a smooth limit increase.
Alternative Payment Options When Venmo Limits Are Insufficient
If Venmo’s weekly limit isn’t meeting your needs, consider these alternatives:
- PayPal: Another popular option owned by Venmo, PayPal has higher transaction limits and can be used for both personal and business purposes.
- Zelle: Many banks offer Zelle for quick, direct bank transfers with no set transaction limits.
- Cash App: Similar to Venmo, Cash App also has limits but may provide more flexibility for certain transactions.
These platforms can be handy when you’re managing larger expenses.
How to Contact Venmo Support for Limit Inquiries
If you’ve tried everything and still need a higher limit, Venmo Support is here to help:
- Open the Venmo App: Go to the settings menu.
- Select “Get Help”: Choose “Contact Us” to reach customer support.
- Describe Your Request: Briefly explain why you need a higher limit. They may review your account history and provide additional options.
Venmo’s support team is responsive and often willing to help if you provide a clear explanation.
Frequently Asked Questions (FAQ)
Q. Can I increase my Venmo limit without verifying my account?
Verification is the primary way to raise your limit. Unverified accounts remain at lower limits.
Q. How often does my Venmo weekly limit reset?
The limit resets every rolling seven days from the last transaction date, not necessarily on a specific day of the week.
Q. Will Venmo notify me if my limit changes?
Yes, Venmo typically sends a notification once your limit is updated after verification or any other change.
Q. Can I change my limit back if I no longer need a higher amount?
The limit adjusts automatically based on your account type and activity, but you can always contact Venmo support for assistance.
Pros and Cons of Increasing Your Venmo Weekly Limit
Pro
- More Flexibility: Higher limits mean fewer restrictions on spending.
- Convenience: Fewer transactions to track and worry about, especially for regular expenses.
- Easy Splitting: Great for managing larger group payments or high-cost items.
Cons
- Potential Fees: Higher transaction volumes may incur more fees if you use credit rather than a linked bank.
- Spending Risks: Higher limits may lead to overspending if not managed carefully.
Conclusion
Boosting your Venmo weekly limit can be a game-changer for those who need flexibility with transactions and expenses. Following the steps to verify your account and maintain good account standing is usually enough for most users to enjoy higher limits.
