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Venmo has become a widely used platform for peer-to-peer transactions, allowing users to send and receive money conveniently. One of the most beneficial features of Venmo is its Venmo debit card ATM withdrawal, which enables users to access their funds from ATMs. However, users often wonder about the Venmo ATM withdrawal limit and where they can withdraw cash for free. In this guide, we will cover everything you need to know about Venmo ATM limits and how to withdraw money efficiently. How Much Can You Withdraw from an ATM with Venmo Card Online?
The Venmo debit card ATM limit is set to ensure security and prevent fraud. Venmo imposes a withdrawal limit of $400 per day. This means that no matter how much money you have in your Venmo balance, you cannot withdraw more than $400 from an ATM in a single day. This Venmo daily ATM limit resets at midnight CST.
It is important to note that online transactions, such as transferring money from Venmo to your bank account, do not fall under this limit. However, if you plan to withdraw cash, keeping this limit in mind is essential. Where Can I Withdraw Money from Venmo for Free?
Venmo allows users to withdraw money from ATMs, but not all ATMs offer fee-free withdrawals. To avoid unnecessary charges, consider the following options:
Withdrawing money from an ATM using your Venmo debit card is simple. Follow these steps:
If you do not have your Venmo debit card with you, there are still a few ways to access your funds:
Understanding the Venmo ATM withdrawal limit is crucial when planning to access cash. Here are the key withdrawal limits:
If you are looking for the nearest ATM that accepts Venmo, follow these steps:
The Venmo ATM withdrawal limit is set at $400 per day, and users can withdraw cash from ATMs within the MoneyPass network for free. If you need to access cash without a Venmo debit card, options like transferring funds to a bank account or using cash-back at retailers can be helpful. Always be mindful of fees when withdrawing from ATMs outside the MoneyPass network.
The Venmo debit card ATM limit is set to ensure security and prevent fraud. Venmo imposes a withdrawal limit of $400 per day. This means that no matter how much money you have in your Venmo balance, you cannot withdraw more than $400 from an ATM in a single day. This Venmo daily ATM limit resets at midnight CST.
It is important to note that online transactions, such as transferring money from Venmo to your bank account, do not fall under this limit. However, if you plan to withdraw cash, keeping this limit in mind is essential. Where Can I Withdraw Money from Venmo for Free?
Venmo allows users to withdraw money from ATMs, but not all ATMs offer fee-free withdrawals. To avoid unnecessary charges, consider the following options:
- MoneyPass ATMs: Venmo provides fee-free withdrawals at ATMs within the MoneyPass network. These ATMs are widely available across the U.S., and you can locate them using the MoneyPass website or app.
- Bank Teller Withdrawals: If you prefer, you can withdraw money at a bank by requesting a withdrawal from the bank teller. This option does not require using an ATM but might involve bank-specific fees.
- Cash Back at Retail Stores: Many retail stores allow you to get cash back at checkout when you make a purchase with your Venmo debit card. This is an excellent way to access cash without paying ATM fees.
Withdrawing money from an ATM using your Venmo debit card is simple. Follow these steps:
- Find a Compatible ATM: Locate an ATM that supports Mastercard, Pulse, Cirrus, or MoneyPass networks.
- Insert Your Venmo Card: Insert your Venmo debit card into the ATM slot.
- Enter Your PIN: Use the four-digit PIN you set up for your Venmo debit card.
- Select Withdrawal Option: Choose the "Withdraw" option and select "Checking" as the account type.
- Enter the Withdrawal Amount: Input the amount you want to withdraw, ensuring it does not exceed the Venmo daily ATM limit of $400.
- Collect Cash and Receipt: Once the transaction is processed, take your cash, card, and receipt for your records.
If you do not have your Venmo debit card with you, there are still a few ways to access your funds:
- Transfer to Bank Account: The easiest way to withdraw money without a card is to transfer your Venmo balance to your linked bank account and withdraw cash from your bank's ATM.
- Use a Friend’s Card: If you trust someone, you can send money to their Venmo account and have them withdraw cash for you.
- Venmo to PayPal: If you have a PayPal account, you can transfer your Venmo balance to PayPal and withdraw funds from a PayPal-friendly ATM.
- Retail Store Cash Back: As mentioned earlier, making a purchase with your Venmo debit card at certain stores allows you to get cash back.
Understanding the Venmo ATM withdrawal limit is crucial when planning to access cash. Here are the key withdrawal limits:
- Venmo debit card ATM limit: $400 per day
- Venmo daily ATM limit: Resets at midnight CST
- Cash Back Limit: This varies by retailer but typically falls between $50 and $100 per transaction.
- Bank Teller Withdrawal: You can withdraw up to your available Venmo balance through a teller, but bank fees may apply.
If you are looking for the nearest ATM that accepts Venmo, follow these steps:
- Use the Venmo App: Open the Venmo app and navigate to the debit card section for ATM location services.
- Visit the MoneyPass Website: Enter your location to find nearby fee-free ATMs.
- Google Maps Search: Simply type “Venmo ATM near me” or "MoneyPass ATM near me" to find the closest withdrawal location.
The Venmo ATM withdrawal limit is set at $400 per day, and users can withdraw cash from ATMs within the MoneyPass network for free. If you need to access cash without a Venmo debit card, options like transferring funds to a bank account or using cash-back at retailers can be helpful. Always be mindful of fees when withdrawing from ATMs outside the MoneyPass network.