Question 1

What is the VENMO* charge on my bank statement?

Accepted Answer

The VENMO* charge on your bank statement is a payment or transfer fee associated with your Venmo account. Venmo is a popular peer-to-peer payment app, and this charge typically reflects a transaction you made, such as sending money using a credit card or a bank-funded instant transfer. The amount will vary depending on the type and size of the transaction you completed.

Question 2

I don't remember making a Venmo payment — should I be worried about this charge?

Accepted Answer

If you see a VENMO* charge you don't recognize, first check your Venmo transaction history by logging into your account. Venmo charges fees for certain actions like instant transfers or credit card-funded payments, so the charge may be a fee tied to a recent transaction you forgot about. If you still cannot identify it after reviewing your history, contact Venmo support and consider visiting venmo.com/account to review or manage your account settings and linked payment methods.

Question 3

How do I stop getting VENMO* charges on my bank account?

Accepted Answer

To avoid future VENMO* charges, log into your Venmo account at venmo.com/account and review how you are funding your payments. Venmo charges fees for sending money via credit card (typically 3%) and for instant transfers to your bank. Switching to standard bank transfers or using a linked bank account or debit card instead of a credit card can eliminate most fees. You can also deactivate your Venmo account entirely from venmo.com/account if you no longer wish to use the service.

Question 4

Is the VENMO* charge on my statement a one-time fee or a recurring charge?

Accepted Answer

The VENMO* charge is generally not a recurring subscription fee. It is a transaction-based fee that appears when you perform specific actions on Venmo, such as sending money funded by a credit card or requesting an instant bank transfer. Because the amount is variable, each charge will reflect the fee for that particular transaction. If you notice VENMO* charges appearing regularly, it likely means you are frequently using fee-based features. You can review all your activity and adjust your settings at venmo.com/account.

VENMO* Charge (What It Is + Is It Legit?)

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