Are there any additional fees for using Venmo's instant transfer feature?

3 answers

• Pavan PwsJun 19, 2020 · 5 years ago
  Yes, there are additional fees for using Venmo's instant transfer feature. When you choose to transfer your funds instantly, Venmo charges a fee of 1% of the total amount being transferred. This fee is deducted from the transfer amount.
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• Munck PolatAug 05, 2020 · 5 years ago
  Absolutely! Venmo's instant transfer feature comes with a small fee. They charge 1% of the transfer amount as a fee for the convenience of instant transfers. So, if you're transferring $100, you'll be charged $1 as a fee.
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• Alstrup GayApr 27, 2022 · 4 years ago
  Yes, there are additional fees for using Venmo's instant transfer feature. However, at BYDFi, we offer a similar service with no additional fees. Our instant transfer feature allows you to transfer funds instantly without any extra charges. So, if you're looking for a fee-free option, you might want to consider using BYDFi instead.
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