• Venmo does accuse a fee in certain cases, though it's pretty easy to avoid these fees depending on how you lot employ the service.
  • Venmo charges a 3 pct fee to transport money from your credit card, though if y'all only use your Venmo residuum or bank account to send money, there are no fees.
  • Instant transfers to your depository financial institution account come with a one percent fee, though standard transfers are costless.
  • If you take a Venmo Card, there may also exist boosted fees for cash withdrawal.
  • Visit Business Insider'south homepage for more stories.

Like any financial service, Venmo does accuse fees in certain cases.

Though, depending on how you utilize Venmo, it'due south entirely possible to use the app for free without ever paying fees.

Venmo does charge a fee if you employ a credit card to send money

The virtually common fee you are probable to meet with Venmo is when you lot make a purchase or ship money to another person.

If you transport coin using a credit card, Venmo adds a iii percent fee (which is the fee from the credit card company existence passed on to you).

You lot can avoid the three percent purchase fee by only sending money from your Venmo remainder, bank account, or debit card. As long as you're non using a credit bill of fare directly, Venmo does not charge a fee to send coin.

Venmo may also accuse a fee if you apply Instant Transfer, or have a Venmo Card

venmo card

The Venmo Card has additional fees for withdrawal.
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In that location will be a fee if you transfer money to your bank account with an Instant Transfer. If you choose an Instant Transfer, Venmo charges ane per centum (with a minimum fee of 25 cents and a maximum of $x).

Standard bank withdrawals, which take 1-three business days, are always gratuitous.

If you get the optional Venmo Menu, in that location are additional fees associated with information technology, including an ATM cash withdrawal fee ($ii.fifty) and an over-the-counter greenbacks withdrawal fee at the bank ($3).

Related coverage from How To Do Everything: Tech:

  • In that location's a limit on your Venmo transactions — here'southward how much money y'all can send and receive with each account type

  • How to receive money on Venmo and transfer funds to a connected bank account

  • You can't delete your Venmo history, merely you can make all by and future transactions private — here'south how to practice it

  • 'Does Venmo work internationally?': No, y'all must be physically located in the US — here's what yous demand to know

Dave Johnson

Freelance Author

Dave Johnson is a technology journalist who writes about consumer tech and how the industry is transforming the speculative world of science fiction into modern-24-hour interval existent life. Dave grew up in New Jersey before entering the Air Force to operate satellites, teach space operations, and exercise space launch planning. He then spent eight years as a content lead on the Windows team at Microsoft. As a photographer, Dave has photographed wolves in their natural environment; he'southward also a scuba instructor and co-host of several podcasts. Dave is the writer of more than two dozen books and has contributed to many sites and publications including CNET, Forbes, PC World, How To Geek, and Insider.