In the majority of transactions in Venmo, there aren't any charges. This doesn't mean it's accessible for free - but rather users should be aware of what they can expect to get charged when sending or accessing their funds. It's free to transfer money in the direction of other Venmo users with the Venmo balance or bank account. If, however, you decide to make a payment via credit card, Venmo charges you 3% for the transaction. For instance, if you send your friend $100 with the credit card connected to your account you'll be charged $103. There are also fees to be paid when you transfer funds in your Venmo balance to your bank account by using the feature of instant transfer. In the case of an instant transfer, the money will be transferred to your bank typically within 30 minutes. However, Venmo charges a 1 percent fee, with an amount of $0.25 and up to $10. There is no cost for using the standard withdrawal and it can take anywhere from three to four days for it to appear in your account in the bank. In addition, if you're using also the Venmo debit card may be charged for the withdrawal of funds from an outside-of-network ATM. Alongside ATM charges, Venmo will charge $2.50 when you use an ATM.