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Venmo ATM Limits Explained: How Much Can You Get?

julianaheavennjulianaheavenn
in General

Venmo has become a widely used digital payment platform, allowing users to send and receive money instantly. However, many Venmo users are curious about their Venmo withdrawal limit when using an ATM. In this article, we will provide an in-depth guide on how much you can withdraw from an ATM using Venmo, how to increase your limits, and where to withdraw money for free.

Venmo Limit: What You Need to Know

Venmo provides a Venmo debit card ATM limit, which restricts how much cash you can withdraw per day. The platform enforces these limits for security reasons and to prevent fraudulent transactions.

  • Standard Venmo ATM withdrawal limit: $400 per day
  • Venmo daily withdrawal limit reset: The limit resets at 12:00 AM CST daily
  • Weekly spending limit: Venmo has a cumulative spending limit of $6,999.99 per week, which includes ATM withdrawals, transactions, and purchases
  • Venmo card reload limit: If your balance is insufficient, Venmo allows reloads of up to $500 per week from a linked bank account

How to Withdraw Money from Venmo at an ATM

Withdrawing money from Venmo at an ATM is straightforward if you have a Venmo debit card. Here’s how you can do it:

  1. Locate a Compatible ATM: Venmo debit cards work at ATMs that accept Mastercard, Pulse, Cirrus, or MoneyPass.
  2. Insert Your Venmo Debit Card: Enter your card into the ATM and follow the on-screen prompts.
  3. Enter Your PIN: The default PIN for your Venmo card is set during activation.
  4. Select “Withdraw Cash”: Choose the amount you want to withdraw, ensuring it does not exceed the Venmo ATM withdrawal limit.
  5. Complete the Transaction: Take your cash and collect your Venmo debit card before leaving.

What Are Venmo Card Limits and How to Increase Them?

Venmo has predefined limits for withdrawals, purchases, and transfers. If you need higher limits, you can request a Venmo ATM withdrawal limit increase by following these steps:

1. Verify Your Identity

Venmo requires identity verification before granting higher limits. You can verify your identity by:

  • Going to Settings > Identity Verification in the Venmo app
  • Providing your full name, date of birth, Social Security Number (SSN), and address
  • Completing the verification process

2. Request a Limit Increase

Once your account is verified, Venmo may offer higher limits. However, increases are subject to approval based on transaction history and account activity.

3. Use a Linked Bank Account

If you need to withdraw larger amounts, consider transferring funds to your linked bank account and withdrawing cash directly from your bank’s ATM.

What is the Daily Withdrawal Limit for a Venmo Card?

The Venmo daily withdrawal limit for ATMs is $400 per day. This limit applies to:

  • ATM withdrawals
  • Over-the-counter withdrawals at banks
  • Cash-back withdrawals at retail stores

Important Notes:

  • Withdrawals exceeding this limit will be declined.
  • The limit resets daily at 12:00 AM CST.
  • If you need to withdraw more than $400, consider splitting withdrawals across multiple days or transferring funds to a bank account.

Where Can I Withdraw Money from Venmo for Free?

Venmo partners with MoneyPass ATMs to offer fee-free withdrawals. Here’s how to find free ATM options:

1. Use MoneyPass ATMs

  • MoneyPass ATMs allow free withdrawals when using a Venmo debit card.
  • Locate the nearest MoneyPass ATM using their official ATM locator.

2. Bank Over-the-Counter Withdrawals

  • Venmo allows cash withdrawals from participating banks without additional charges.
  • Present your Venmo card and a valid ID to the bank teller to withdraw funds.

3. Retail Store Cash Back

  • Many stores, such as Walmart and Walgreens, allow Venmo debit card users to get cash back when making a purchase.
  • Choose “Cash Back” at checkout and select the amount (up to store limits).

Conclusion

Understanding the Venmo ATM withdrawal limit is essential for managing your cash needs effectively. With a standard Venmo debit card ATM limit of $400 per day, users must plan their withdrawals wisely. If you need a Venmo ATM withdrawal limit increase, verifying your identity and maintaining an active account can help you qualify for higher limits. Additionally, using MoneyPass ATMs and cash-back options can help avoid unnecessary withdrawal fees.

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