Let’s get you signed
up for Venmo
First, take a look at our fees. Then hit “Next” to fill out your info, and you’ll be on your way to using Venmo.
A quick look at our fees
We minimize or eliminate fees wherever we can, and basic transactions like sending or receiving money from a bank account or your Venmo balance cost nothing. Where we do charge fees, they’re small (and never hidden).
- Monthly Fee
$0
- Per purchase
$0
- ATM withdrawal
$0.00 in-network
$2.50 out-of-network
- Cash reload
N/A
| ATM balance inquiry (in-network or out-of-network) | $0 |
|---|---|
| Customer service (automated or live agent) | $0 |
| Inactivity | $0 |
| Electronic withdrawal (standard or Instant) | $0 or 1%* (min. $0.25) |
|---|---|
| Sending money to people (balance/debit/bank or credit) | $0 or 3% |
* This fee can be lower depending on how this account is used.
You may be offered overdraft/credit after 30 days. Fees would apply. Your funds are eligible for FDIC insurance if you added money to your Venmo balance using Direct Deposit or the cash a check feature.
For general information about prepaid accounts, visit cfpb.gov/prepaid. Find details and conditions for all fees and services in the Venmo Account Long Form, which can be accessed at venmo.com/resources/our-fees.
Answers about
Venmo account fees
Venmo Visa® and Venmo Visa® Signature Credit Card
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) 17.99% for Account Type 2, or (iii) 20.99% for Account Type 3. This 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 20.99%. This APR will vary with the market based on the Prime Rate. |
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. |
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 Returned Payment |
Up to $40.00 Up to $29.00 |
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 August 1, 2020. This information may have changed after that date. To find out what may have changed, write to Synchrony Bank at P.O. Box 965013, Orlando, FL 32896-5013. 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.