The legal stuff

Fees with your Venmo Account

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.

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 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.

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) 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

Foreign Transaction 

Either $10.00 or 5% of the amount of each cash advance, whichever is greater.

None

Penalty Fees

Late Payment

Returned Payment

Up to $41.00

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.