How to Do Venmo Identity Verification (Guide for 2022)

Last Updated: April 20, 2022
In this article, we will talk about how you can get done with the Venmo identity verification process. Additionally, we will also discuss this verification process in detail as well as why you should complete the verification process.
How To Do Venmo Identity Verification: The Guide
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The world today continues to dive into the digital payment movement. It has been estimated that nearly 82% of consumers in America make use of digital payment today.

The rise of mobile payment applications has played an important role in leading this digital payment revolution. One of these applications is Venmo.

Owned by PayPal, Venmo is a payment portal where you can quickly receive or send money. You can also make use of the application to make purchases.

As of today, Venmo has more than 80 million users from all around the world. 

The Venmo app has been created in such a way that you will be able to manage all your finances on a single platform.

However, you will have to get done with the customer identification program before you can even check your Venmo balance. 

Additionally, the company itself has requested its members to get done with the Venmo identity verification process so that you will be able to make use of this application with no hassles.

At times, the company will send an email message to the registered email address to ask you to verify your account. 

However, if you have not received such an email from Venmo, you do not have to worry. In this article, we will talk about how you can get done with the Venmo identity verification process.

Additionally, we will also discuss this verification process in detail as well as why you should complete the verification process. 

What Is The Venmo Identity Verification Process?

When it comes to money, federal law states that every payment company, including Venmo, needs to provide additional information about its users.

Also, the information needs to be updated; providing the details is not a question of choice – it is compulsory. 

While you do have the choice to skip the Venmo identity verification process, you should know that you will not be able to make full use of the application.

Hence, you will have to get your identity verified on the Venmo application if you want to continue using it. Thankfully, the process does not take more than a few minutes to complete. 

What Are Some Reasons To Verify Your Identity On Venmo?

Of course, it is understandable that not all people are equally comfortable in providing sensitive personal information to any company.

However, you will have to get done with the Venmo identity verification process if you want to continue using the application with no hassles. 

Similar to other financial applications like PayPal, getting done with the verification process will allow you to make use of many other valuable features, like transferring money from one Venmo account to another.

If you want to learn more about the security policies employed by Venmo and PayPal, you can tap on Venmo Security ToS and PayPal-Venmo Payments, respectively.

Now, let us learn why you should get done with the Venmo identity verification process:

Linking Your Bank Account Or Credit Card

Most people make use of Venmo to transfer money every week. You can use a linked card on your phone to add money to your Venmo account or send money directly.

Additionally, you also have the choice to receive incoming payments on your personal bank accounts.

So, what’s the catch, you may think. Well, if you want to make use of these features, you will have to complete the verification process on Venmo.

If not, there will be certain limitations to these features like a weekly cap on the maximum amount you can receive or send, etc. 

Removing The Maximum Limits

Most people make use of Venmo to pay for various types of services.

Of course, if you are not done with the Venmo identity verification, you will have weekly limits on how much you spend on the Venmo app, as mentioned in the previous point. 

If you want to remove these limitations on your transactions and payments permanently, all you need to do here is complete the verification process.

If you want to learn more about Venmo Limits, you can click here. 

Protection From Fraudulent Accounts

One of the main concerns for any payment app today is to prevent identity theft and other related crimes.

While these types of criminal activities still exist, Venmo does everything in its power to provide a safer environment for its users. 

Therefore, Venmo asks all its users to get done with the verification process – this helps in reducing the overall risks of such crimes. 

How Can You Get Done With The Venmo Verification Process?

Now that you know the importance of getting your identity verification done on Venmo, let us now learn how you can complete the process.

One thing you need to remember here is that the verification process can only be done via the official Venmo mobile application.

Since you cannot do it via email, you will be able to look out for fraudulent emails that ask for your personal information. 

Step 1: Logging Process

The first step is to open the Venmo mobile application and log in to your Venmo account.

As you will have to get the verification process done, you will have to keep all your documents ready. 

Step 2: Get Done With The Identity Authentication

Now, you need to head over and click on the Settings option. Keep scrolling until you find the Security option and tap on it.

Settings

From here, you need to head to the Identity Authentication option. 

From here, you will start the most crucial step.

However, you do not have to worry – it will not take more than a few minutes to get done with it. 

Step 3: Provide The Required Documents

You will have to provide certain documents that contain the following information:

  • Your full legal name
  • Official birthday
  • Full home address
  • Any ID issued by the government, like your driver’s license or passport
  • Social security number or individual taxpayer identification number
Identity Verification
  • Confirm your email address and phone number again

Once you have submitted all the required documents, you will simply have to wait for Venmo to get back to you. 

How Much Time Does Venmo Take To Get Done With The Identity Verification Process?

Overall, Venmo should not take more than a few minutes to get done with the verification process. In most cases, the verification is done well within a day.

However, the identity verification process can take up to three business days if the information you have provided to Venmo does not match with the National Database. 

That is it! If you have provided all the right information and data, you simply need to be patient. Once done, your Venmo account will get verified.

How To Get Your Bank Account Verified?

Now that you are done with your Venmo account verification, let us now learn how you can verify your bank account.

This will also help you to log into your account and check your bank balance once the verification process is completed.

Additionally, if you get your bank account verified first, your Venmo account will be verified automatically. 

If you make use of the micro-transfer method to verify your bank account, it should not take more than a week to complete it.

Once you have signed up for the verification process, you will simply have to transfer small sums of money twice to your bank account.

The minimum amount you can send to your bank account is $2. Once the payment is done, you will have to make two small withdrawals. 

Once you have signed up for the Venmo micro-transaction payments, you will have to keep a watch on the recent transactions of your bank account for another three days.

Here, you should only see two withdrawals and deposits each. 

Next, you need to head over to the bank verification section of the official Venmo website where you will have to answer certain questions related to the above-mentioned withdrawals and deposits.

If you answer these questions correctly, your bank account will be verified within the next 24 hours. 

What Do You Need To Remember Before Getting Done With The Verification Process?

Of course, nobody is defaming Venmo; the company seems open and honest so far. However, there is no possible way of knowing to whom the company will be sold.

Therefore, you need to understand everything before you can get done with this process.

However, the verification process will provide you with the ability to periodically check your bank balance so that you always have money remaining in your account to cover your pending payments. 

Final Thoughts 

At Venmo, you will find a wide range of services apart from just transferring money to others.

However, Venmo has ensured that only verified users will be able to use these features, which means non-verified members will be offered very limited features.

Additionally, they will also have dollar limits on how many times they can make transactions.

Therefore, it is very important that you complete your Venmo verification quickly to use all the available features. 

FAQs

Here are some common FAQs related to the Venmo account verification process:

Is The Venmo Verification Process Safe?

According to Federal laws, Venmo needs to get the verification done of every one of its customers. However, you do not have to worry about the security of the verification process.

Your data and information will be safe and will not be leaked to third parties. 

What Should I Do If I Do Not Have A Social Security Number?

You will not be able to complete the verification process if you do not have a social security number.

If you want to get done with the Venmo verification process, it is mandatory that you have a social security number.

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Written by Jason Wise

Hi! I’m Jason. I tend to gravitate towards business and technology topics, with a deep interest in social media, privacy and crypto. I enjoy testing and reviewing products, so you’ll see a lot of that from me here on EarthWeb.