The cap on money transfers depends on your verification as a Venmo user. The initial limit is $299.99 a week by verifying your email address, phone number and bank account. This limit rises to $4,999.99 once Venmo has verified your social security number, birth date and address. The levels are different for transfers to banks – starting at $999.99 for a single transaction, rising to $19,999 a week once fully verified.