In one week, the maximum amount you can send using Venmo is $299.99. This is if you have not verified your identity. Unverified Venmo accounts cannot be trusted as they can be avenues to send money meant for criminal activities such as terrorism or illegal drug business. People with Venmo verified accounts can send up to $2,999.99 per week in one or multiple transactions. Quite interesting!
To verify your account, you need to submit your name, physical address, Social security number (SSN/ITIN), Zip Code, and Birthdate. Furthermore, when your account is not verified, you can only send $999.99 from Venmo to your bank account per transaction.
For a verified account, you can transfer up to $19,999 per week to your bank account. You can use the money in your bank account to buy goods and services or even pay for your bills as long as you understand how to withdraw money with an account and routing number.
When verifying your account, navigate to Settings,” and tap “Identity Verification.” Look for the ☰ icon. That’s where you will be able to access your account settings.