We try to minimize fees wherever we can. When there is a fee, we'll let you know. Here's a list of all fees that apply to your account.
Account setup: $0.00
No fee to setup an account.
Monthly fee: $0.00
No monthly fees.
Online purchases: $0.00
No fee for online purchases.
Sending money to a Venmo account or U.S. PayPal account using your balance, debit card or bank account: $0.00
No fee to send money to a Venmo account or U.S. PayPal account using your Venmo balance, debit card or bank account.
Sending money to a Venmo account or U.S. PayPal account using your credit card: 3.00%
There’s a 3.00% fee for sending money to a Venmo account or U.S. PayPal account using your credit card.
Sending money to a non-U.S. PayPal account using your balance, debit card or bank account: 5.00% (min. $0.99 fee/max. $4.99 fee)
There’s a 5.00% fee (with a minimum of $0.99 and maximum of $4.99) to send money to an eligible non-U.S. PayPal account.
Sending money to a non-U.S. PayPal account using your credit card: 5.00% (min. $0.99 fee/max. $4.99 fee) + 3.00%
There’s a 5.00% fee (with a minimum of $0.99 and maximum of $4.99) to send money to an eligible non-U.S. PayPal account and an additional 3.00% fee for sending money using your credit card.
Transfer from bank account: $0.00
No fee when you link your bank and use it to add money to your Venmo account.
Receive personal payments in your Venmo account from Venmo users: $0.00
No fee for you when Venmo users send you personal payments with Venmo. You will be assessed a fee if the sender identifies the transaction as for goods and services.
Receive merchant refund: $0.00
No fee for you when a merchant sends you a refund.
Receive money using Direct Deposit: $0.00
No fee for when money is added using Direct Deposit
Adding money using cash a check feature (faster check deposits, payroll and government checks): 1.00% (minimum $5 fee)
There's a 1.00% fee (with a minimum fee of $5.00) when you choose to deposit payroll or government checks (with pre-printed signature) in minutes using the Venmo app. No fee if your check can't be added.
Adding money using cash a check feature (faster check deposits, all other accepted check types): 5.00% (minimum $5 fee)
There's a 5.00% fee (with a minimum fee of $5.00) when you choose to deposit non-payroll and non-government checks (with pre-printed signature) in minutes using the Venmo app. No fee if your check can't be added.
Receive payments in your personal Venmo account that are identified by the sender as for goods and services: 2.99%
There's a seller transaction fee when you receive a payment that is identified by the sender as for goods and services.
Receive payments in your charity profile: 1.9% + $0.10
There's a charity transaction fee when you receive a payment sent to your charity profile.
Receive payments in your business profile: 1.9% + $0.10 or 2.29% + $0.09
There's a 1.9% + $0.10 transaction fee when you receive a payment sent to your business profile (except for Tap to Pay payments). We assess a 2.29% + $0.09 fee when you receive a payment sent to your business profile through Tap to Pay.
Add cash at stores: $3.74
There’s a fee to add cash to your Venmo balance using your Venmo Debit Card at participating stores.
Electronic withdrawal (standard or Instant Transfer): $0.00 or 1.75% (minimum $0.25 fee, maximum $25 fee)
No fee to transfer money from your Venmo account with the standard option. Money transferred with the standard option is typically available in 1-3 business days when sent to a linked bank account and in approximately 48 hours when sent to an eligible linked debit card.
There’s a fee to transfer money from your Venmo account to your eligible linked debit card or bank account with the Instant Transfer option. The money is typically available in minutes.
Crypto services provided by PayPal Digital, Inc (doing business as Venmo Digital)
Cryptocurrency purchase or sale $1.00 - $74.99: 2.20%
Cryptocurrency purchase or sale $75.00 - $200.00: 2.00%
Cryptocurrency purchase or sale $200.01 - $1000.00: 1.80%
Cryptocurrency purchase or sale >$1000: 1.50%
There's a fee for buying or selling cryptocurrencies. Fee will vary based on purchase or sale amount. These fees do not apply to buying and selling PYUSD.
Receiving a cryptocurrency transfer: $0
No fee
Transferring cryptocurrency to another Venmo or PayPal account: $0
No fee
Transferring cryptocurrency to an address outside of Venmo or PayPal: Amount varies (paid in cryptocurrency)
You will be charged a cryptocurrency network fee, payable in the cryptocurrency you transfer, which varies. For more information, see the Venmo Cryptocurrency Terms and Conditions also available on the Terms page at Venmo.com. Such network fee will be displayed to you right before you transfer any cryptocurrency.
Customer service (automated): $0.00
No fee to call our automated Customer Service line.
Customer service (live agent): $0.00
No fee to call a Customer Service agent.
Real-time alerts: $0.00
No fee to receive real-time alerts on your phone. Standard text message & data rates may apply.
Account statements: $0.00
No fees for CSV copies of your account statements.
Transaction declines due to insufficient funds: $0.00
No fees for declines due to insufficient funds.
Venmo Debit Card acquisition: $0.00
No fee to get a Venmo Debit Card.
ATM withdrawal (in-network): $0.00
No fees for ATM withdrawals in the MoneyPass network in the U.S. Find no-fee ATMs near you at www.moneypass.com.
ATM withdrawal (out-of-network): $2.50
There’s a fee for non-MoneyPass ATM withdrawals in the U.S. You may be charged an additional amount by the ATM owner even if you don’t complete a transaction.
ATM international withdrawal: $2.50
There’s a fee for non-U.S. ATM withdrawals. It applies even if the transaction doesn’t need any currency conversion. You may be charged an additional amount by the ATM owner even if you don’t complete a transaction.
ATM balance inquiry: $0.00
No fee to check your balance at an ATM. You may be charged a fee by the ATM owner.
Over-the-counter cash withdrawal (bank and other financial institution): $3.00
$3.00 per signature withdrawal if a signature is required to obtain cash. You can withdraw cash at the counter inside participating bank branches or other financial institutions. The fee is charged per signature withdrawal if a signature is required to obtain cash.
Automatic reloads (using your bank account): $0.00
No fee for reloading your Venmo balance when your Venmo balance is insufficient to cover a purchase made with your Venmo Debit Card.
Venmo Debit Card replacement: $0.00
No fee to replace your lost or stolen Venmo Debit Card.
For the below types of transactions involving a currency conversion by us, the transaction exchange rate will include a currency conversion spread.
Converting payments to another currency | |
|---|---|
Type of Transaction | Currency Conversion Spread |
Sending money to a friend or family member such that they receive a different currency from the currency in which you pay. | 4.00%, or such other lower amount as may be disclosed to you during the transaction. |
If you have added money to your Venmo personal account using the cash a check feature, have bought or have received cryptocurrency with your Venmo-branded cryptocurrency account, you or a Teen User have been issued a Venmo Mastercard® debit card that has not been closed or canceled, or have used Direct Deposit to add money to your Venmo account (including to a balance associated with a Teen Account), we will place your U.S. dollar Venmo personal account funds in one or more Program Banks, where they will, subject to certain conditions, be eligible for pass-through FDIC insurance up to applicable limits. FDIC insurance protects against the failure of a Program Bank, not the failure of PayPal which provides the Venmo service. PayPal is not a bank, does not take deposits and is not FDIC insured. Any other Venmo account funds and all cryptocurrencies are not held in FDIC-insured bank deposits. Cryptocurrencies may lose value. See Venmo User Agreement. You may be offered credit any time after acquiring your Venmo account. Fees could apply. Contact Venmo by calling 1-855-812-4430, by mail to Venmo, 117 Barrow Street, New York, NY 10014, or visit venmo.com/contact-us. For general information about prepaid accounts, visit cfpb.gov/prepaid. If you have a complaint about a prepaid account, call the Customer Financial Protection Bureau at 1-855-411-2372 or visit cfpb.gov/complaint.
Rates and fees table
Interest rates and interest charges | |
|---|---|
Annual Percentage Rate (APR) for Purchases | The APR for purchases is the prime rate plus (i) 11.99% for Account Type 1, or (ii) 20.99% for Account Type 2, or (iii) 23.99% for Account Type 3. Rates are determined when you open your account, based on your creditworthiness and other factors. APR will vary with the market based on the Prime Rate, as defined in the Venmo Visa Credit Card Account Agreement. |
APR for Cash Advances | The APR for cash advances is the prime rate plus 23.99%. This APR will vary with the market based on the Prime Rate, as defined in the Venmo Visa Credit Card Agreement. |
Penalty APR and When it Applies | The Penalty APR is the prime rate plus 27.49%. This APR will vary with the market based on the Prime Rate, as defined in the Venmo Visa Credit Card Agreement. This APR may be applied to your account if you make a late payment. How Long Will the Penalty APR Apply?: If your APRs are increased for this reason, the Penalty APR may remain in effect indefinitely. See the Venmo Credit Card Account Agreement for more details. |
Paying Interest | Your due date is at least 23 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month. We will begin charging interest on cash advances on the transaction date. See the Venmo Credit Card Account Agreement for more details. |
Minimum Interest Charge | If you are charged interest, the charge will be no less than $2.00. |
Fees | |
|---|---|
Annual Fee | None |
Transaction Fees: Cash Advances | Either $10.00 or 5% of the amount of each cash advance, whichever is greater. |
Transaction Fees: Foreign Transaction | None |
Penalty Fees: Late Payment | Up to $41.00 |
Penalty Fees: Returned Payment | Up to $41.00 |
Other Fees: Paper Statement Fee | $1.99 per month |
How We Will Calculate Your Balance | We use a method called “daily balance.” See the Venmo Credit Card Agreement for more details. |
The Venmo Credit Card is issued by Synchrony Bank pursuant to a license from Visa USA, Inc. The information about the costs of the card described above is accurate as of June 27, 2024. This information may have changed after that date. To find out what may have changed, write to Synchrony Bank at P.O. Box 71735, Philadelphia, PA 19176-1735. The application and the credit card agreement will be governed by federal law, and to the extent state law applies, the laws of Utah. Subject to approval. Terms and conditions apply.
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