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Updated over 5 years ago on . Most recent reply

User Stats

24
Posts
9
Votes
Andy Basler
  • Investor
  • Knoxville, TN
9
Votes |
24
Posts

Venmo limits....any way of increasing these

Andy Basler
  • Investor
  • Knoxville, TN
Posted

I have many rentals and have started really getting hurt with Venmo's limits on how much you can transfer out of venmo on a weekly basis.

I can only transfer $19k per week to my bank. I have alot more than than coming in through Venmo.  Holding those funds really doesn't work.

Anyone else run into this? Any ideas?  

thanks

Most Popular Reply

User Stats

65
Posts
32
Votes
Karl Hadley
  • Investor
  • New York City, NY
32
Votes |
65
Posts
Karl Hadley
  • Investor
  • New York City, NY
Replied

So far as I’m aware, you can’t- it’s part of their risk models similar to their ach transfer limits (which is automatically set). at a lot of banks... I guess Congrats, at 19k a week you need to move to a more formal payment solution,

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