Venmo's quick transfers will soon add 1 percent charge - CNET

Venmo has been charging 25 cents for its instant bank account transfer service ever since it was launched. The service lets you transfer money from your Venmo account to your personal debit card instantly. It’s now raising this fee. Venmo has started sending out emails to users in order to notify them that it will soon cost them more to instantly transfer money from their Venmo account to their bank account. Venmo has made changes to its user agreement one of which is the increase in the transfer service fee. It will now cost 1 percent of the transfer amount instead of 25 cents as before. However, the minimum is still 25 cents.It’s not a considerable increase and only those moving large amounts of money will really feel the pinch of the new rate. It won’t affect those who use seldom Venmo and feel the need to transfer funds to their personal bank account.The PayPal-owned company does mention that users are still able to use the traditional bank transfer option if they’re not looking

Venmo's quick transfers will soon add 1 percent charge - CNET

The minimum Instant Transfer fee will be $0.25.

Mon 15 Oct 18 from CNET

Venmo Instant Transfer To Bank Account Fee Increased

Venmo has been charging 25 cents for its instant bank account transfer service ever since it was launched. The service lets you transfer money from your Venmo account to your personal debit ...

Sun 14 Oct 18 from Ubergizmo

Venmo increases fees on instant money transfers

Effective November 6th, Venmo patrons who use Instant Transfer to move money from their Venmo accounts to their debit cards will notice increased service fees. Instead of a flat $.25 ...

Sat 13 Oct 18 from Engadget

Venmo bumps up instant transfer fee to 1 percent of the total amount

If you’re a frequent Venmo user, you might want to double-check your settings because the company just changed up their fee structure for instant transfers and it may result in more of ...

Fri 12 Oct 18 from TechCrunch

Venmo is increasing the fee for instant transfers to your bank account

Ever since Venmo rolled out its instant transfer feature, which moves money from your Venmo balance to a personal debit card within minutes, the cost of this speedy transfer has ...

Fri 12 Oct 18 from The Verge

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