Are you having issues with Venmo instant transfer?
Is Venmo instant transfer not working for you?
Are you getting the error “Sorry, this instant transfer cannot be completed” on Venmo?
If you are facing similar issues with Venmo instant transfer, you have landed on the right page. This post explains why Venmo instant transfer won’t for you and what are the possible ways you can try out on your own to fix it.
So, let’s get started.
First of all, don’t fret if Venmo instant transfer is not working for you, as you are not alone. There are many like you.
Below are a few comments by netizens:
— Jonny Trulove (@TruJonnyRizzo) December 21, 2021
@Venmo why are instant transfers not working right now
— JohnO! (@JohnOchsner) July 28, 2021
Whatever be the case, below are a few reasons and solutions to find out why your Venmo instant transfer is not working and how to fix it.
Table of Contents
Why won’t my Venmo instant transfer work
Venmo instant transfer may not work for you because of several reasons such as your debit card/ bank account doesn’t support instant transfer, or your transfer isn’t within Venmo transfer limits, or your legal name is not the same on card and Venmo account or the servers of the Venmo are down.
Whatever be the case, there are always a few ways to perform to make sure that the issues doesn’t lie from your end.
Below we have provided all the possible solutions to fix the Venmo instant transfer not working problem.
How to Fix Venmo instant transfer not working
1. Make sure your Debit card support Instant transfers
The first reason Venmo instant transfer won’t work for you is that your debit card does not support instant transfer functionality.
You can find out if your bank account or card is eligible by adding it to your Venmo account. If your bank account or debit card is listed as a payment method but greyed out when you try to make an instant transfer, your bank does not currently participate in an instant transfer service.
We recommend reaching out to the bank that issued your bank account or debit card to request that they enroll. Having your bank enroll in an instant transfer service is the only way to be able to use the feature with Venmo.
2. Make sure your Card and Venmo account have same legal name
On the major reasons why Venmo instant transfer is not working for you or throwing the error “Sorry this instant transfer cannot be completed” could be due to the fact that you are not using your full legal name on Venmo or your name on the card doesn’t match with your name on Venmo account.
So, Make sure you’re using a card that is registered in your own name, and that your Venmo account has your legal first and last name on file.
3. Your Bank do not support Instant transfer
Another reason why you are not able to use Venmo instant transfer is that your bank account doesn’t support instant transfer feature.
So, make sure your bank account have the ability to get funds via instant transfers.
4. Make sure your transfers are within Venmo limits
Moving forward, another reason why Venmo instant transfer is not working is that your transfer is not within Venmo transfer limit, or you have already exhausted your weekly transfer limit.
So, before moving your funds from your Venmo account to your bank, make sure you haven’t exceeded the transfer limits.
Below are the Venmo transfer limits:
Adding Funds from Your Bank Account
If the ability to add funds to Venmo from your bank account is offered to you, the limit on the funds that you can add to your Venmo account from your bank account is $1,500.00 per week (depending on security checks at Venmo).
Transferring Funds to Your Bank Account
If your identity has not been confirmed yet, the limit on the funds that you can send to your bank account is $999.99 per week (depending on security checks at Venmo).
You can raise this limit by confirming your identity. Once you do, you can transfer up to $19,999.99 per week to your bank. The single largest amount you can transfer to your bank account at one time is $2,999.99.
You may only make instant transfers of $0.26 or more. If you need to transfer less than $0.25, our standard bank transfer option is available to use.
5. Make sure you do not violate any Venmo terms
Venmo systems review all the transfer you make for security reasons.
Transfer reviews check for a variety of factors, including suspicious or illegal activity, and whether your account activity and the activity of users with whom you’ve transacted comply with Venmo’s User Agreement. Reviews may result in the following:
- Delayed, blocked or canceled transfers
- Funds being frozen or held by Venmo
- Funds being applied to a negative Venmo account balance or used to offset loss incurred by Venmo
- Account suspension or termination
- Funds being seized to comply with a court order, warrant or other legal process
- Funds you previously received being reversed (i.e., sent back to the sender’s Venmo account or to the card or bank account that was used to fund the payment).
6. Check Venmo server status
Another potential reason why you are receiving the error “Sorry this instant transfer cannot be completed” on Venmo is that the servers of the Venmo are having issues or there is technical difficulty especially affecting the instant transfer on the platform.
Before you move on to other methods to fix Venmo instant transfer, it’s generally a good idea to know whether the issue lies on the client-side or the servers side.
If the problem is on the Venmo’s end, there isn’t much you can do to fix it. In that case, the only way left would be to either wait till the issue gets resolved or report it via Venmo help and support channels.
That being said, to check the server’s status of Venmo, there are a lot of free online services.
We would recommend checking Downdetector’s page for Venmo. Here, you can check the live map and comments section to see if other users in your area are reporting similar issues.
Similarly, you can check IsTheServiceDown’s page for Venmo. Like Downdetector, it also provides detailed reports of past outages and user-reported problems as well.
If the outage services show no issues with Cash App servers, it’s very likely that the problem is on your side.
In that case, keep reading for more useful fixes!
7. Choose to initiate a standard bank transfer
If Venmo instant transfer is not working for you, then you can use the standard bank transfer to move your fund to your bank account, if you don’t want them instantly.
As standard bank transfer go through ACH network and takes a few business days (1-3 days) to get completed.
Moreover, the standard bank transfers are free of cost.
8. Contact Your Bank
Another reason why you are getting the error “Sorry, this instant transfer cannot be completed” on Venmo might be due to some issues with your bank account.
You can contact your bank to make sure that the issues doesn’t lie from their end.
9. Contact Venmo Support
Lastly, if you have tried everything mentioned in this guide and still you are not able to figure out why your Venmo instant transfer is not working, then the last step that remains is to contact the Venmo support.
You can contact Venmo support by any of the following methods:
- Chat with a support specialist in the Venmo mobile app. Select Menu > Get Help > Contact Us > Chat with Us.
- Call Venmo customer support at 855-812-4430. Their hours are 10:00 a.m. through 6:00 p.m. EST, Monday through Friday. They are closed on major holidays.
- Fill out the Venmo Support team web form.
Venmo instant transfer fee
Instant transfers allow you to send money from Venmo to an eligible U.S. bank account or Visa/Mastercard debit card, typically within 30 minutes. A 1.5% fee (with a minimum fee of $0.25 and a maximum fee of $15) is deducted from the transfer amount for each transfer.
How long does Venmo instant transfer take
Venmo instant transfer are completed within a few minutes, however they make take up to 30 minutes.
If your Venmo instant transfer is not completed within 30 minutes, there might be several issues because of which is delayed or not completed as detailed above in the post.
On the hand, the standard bank transfer on Venmo take up to 1-3 business days to get completed and are free of cost.
Venmo is a mobile payment app owned by PayPal. Users can create a Venmo account to send and receive funds to each other. However, it is only available in the USA.
Like other apps and services, Venmo is prone to issues and problems, such as what we discussed today in this post.
Most instant transfers are completed within 30 minutes, but sometimes may be delayed or blocked for several reasons, as detailed above in the post.
So, that’s all for now, guys. We hope after reading this post, you were able to know why Venmo instant transfer was not working for you and were able to probably fix it.
For more posts like this, you would like to have a look at our Venmo section or follow a few related posts from below.
Ankit Kumar is an Engineer by profession and a blogger by passion. Over the last several years, he has written tons of articles, solving queries on Quora. He also has years of experience in investing in Cryptocurrencies, Funds, and Stocks.