Here we Guide What are instant transfers, how much do they cost, and how do I avoid Venmo transfer fees?
How much does Venmo charge for instant transfer?
If you use an Instant Transfer, there will be a fee. Venmo charges 1.5% for Instant Transfers (with a minimum of $0.25 cents and a maximum of $15).
Venmo’s optional card comes with additional fees, including an ATM cash withdrawal charge of $2.50 and a bank cash withdrawal charge of $3.
For more information, please visit the Venmo fees page.
From 8/2/21 onwards, the Venmo instant transfer fee will be 1.5% (with a minimum fee of $0.25 and a maximum fee of $15).
What are venmo instant transfers?
Instant transfers from Venmo to U.S. bank accounts or to Visa/MasterCard debit cards are usually available within 30 minutes. You will need to pay instant transfer fees if you need access to the funds quickly. Otherwise, you will have to wait longer for the money to be credited to your bank account or debit card. A transfer typically takes one to three business days to complete.
How do I avoid Venmo transfer fees?
Only send money from your Venmo balance, bank account, or debit card to avoid the three percent purchase fee. Venmo does not charge a fee as long as you’re not using a credit card directly.
All Venmo problems resolved Here: