When you sign up for the card, you can choose a bank account as your funding source for reloads. You have to add money to it regularly to be able to make purchases or cash withdrawals. The Venmo debit card is essentially a prepaid card. And on a weekly basis, you can't make more than $4,999.99 in purchases with your Venmo debit card. No single purchase with your Venmo card can exceed $3,000. In addition to the daily withdrawal cap, Venmo also limits how much you can spend on purchases. That's pretty generous though, considering that some banks cap daily withdrawals at $300. Your daily withdrawal limit is capped at $400. And there is a daily limit on how much you can withdraw. This is the same pin you'll use for ATM withdrawals.Īgain, you'll pay a $2.50 domestic ATM withdrawal fee, unless you're withdrawing money at a MoneyPass ATM. You'll need to set up a PIN when you activate your debit card. You can make cash withdrawals at ATMs that have the Mastercard, PULSE, Cirrus or MoneyPass acceptance marks. You can use your Venmo debit card to make cash withdrawals at ATMs nationwide. Just tap your card on the payment reader at checkout to pay. Look for the contactless symbol payment anywhere Mastercard is accepted. One cool thing about the Venmo debit card is that it's equipped for contactless payments. You can use it to book a hotel, buy gas or pay for just about anything. If you're buying something online from Amazon, you can use your Venmo card. So if you need to buy groceries, you can use your Venmo debit card. What You Can Do With the Venmo Mastercard Debit CardĪside from withdrawing cash, you can use your Venmo debit card to make purchases anywhere Mastercard is accepted in the U.S. Some retailers do, however, charge a fee to receive cash back. You can also get cash back at the register without Venmo charging a fee. There's no fee to withdraw money from your balance when you use a MoneyPass ATM. So, hitting the ATM for quick cash could take a bite out of your Venmo balance if you're paying Venmo's fee, plus a fee to the bank. Keep in mind that the bank or ATM can also charge its own fees. The fee climbs to $3 for over the counter withdrawals at a bank. The fee for ATM withdrawals is $2.50 per transaction. You may pay a fee for using your Venmo debit card at an ATM or through a bank teller to withdraw cash. There's no fee when you use it to make purchases either. There's no fee to apply for the Venmo debit card. According to Venmo, the card can be used anywhere Mastercard is accepted in the U.S. The Venmo Mastercard is issued by The Bancorp Bank. The card is linked directly to your Venmo account, the same way a traditional debit card is linked to your checking account. The Venmo debit card is a debit card that operates on the Mastercard network. Dive in to learn whether the Venmo debit card belongs in your wallet. We've got all the details on the Venmo debit card, including what you can and can't use it for, right here. Thinking of signing up for the Venmo debit card? There are a few things you need to know first. And now, the Venmo debit card makes shopping in-stores or online even easier. Using the app is a great way to go cashless. You can also use Venmo to make purchases through mobile apps. It's more than just a way to send money, however. All you need to get started with Venmo is an email address. You can split the check at dinner, pay your share of the rent or send your bestie cash for their birthday. Venmo makes sending and receiving person to person payments easy. Comprehensive Coverage Options Ways to Lock in Lower Homeowners Insurance Premiums How to Choose the Right Life Insurance Policy Compare the Different Types of Health Insurance Plans Popular Reviews Progressive GEICO State Farm AIG Allstate Banking Best Products Best Savings Accounts Best Checking Accounts Best CD Rates Best Money Market Accounts Best Business Checking Accounts Best Student Checking Accounts Calculate Checking Accounts 101 Emergency Savings Calculator Compare CD Rates Checking Accounts Personal Loans Best Products Best Personal Loans Best Debt Consolidation Loans Best Home Improvement Loans Best Medical Expenses Loans Calculators & Guides Personal Loans Calculator Guide to Personal Loans Guide to Refinancing Student Loans How to Consolidate Credit Card Debt Popular Reviews Upstart Payoff Sofi Lending Club Investing Best Products Where to Invest Money Best Brokerages Best Robo Advisors Read & Learn Investing 101 How to Buy First Stock How to Invest in Mutual Funds How to Pick a Financial Advisor How Much to Save for Retirement Popular Reviews Betterment Merill Edge Wealthfront Insurance Best Products Best Auto Insurance Best Home Insurance Best Life Insurance Best Health Insurance Read & Learn Figure Out How Much Auto Coverage You Need Collision vs.
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