Does Venmo Have Overdraft?
Venmo does not offer overdraft protection. If your Venmo balance is insufficient to cover a payment, the payment will be declined.
You can avoid this by making sure that your Venmo balance is always positive, or by linking a bank account to your Venmo account.
Venmo, which is owned by PayPal, did not offer overdraft services. Venmo primarily operates as a peer-to-peer payment platform and digital wallet,
allowing users to send and receive money, split bills, and make payments for various services.
You can attempt one of the following options if you need to make a payment that is greater than your Venmo balance:
Change your payment method to anything else, such a debit or credit card.
Request a Venmo request for payment from the recipient of the payment.
Add funds from a linked bank account or another payment method to your Venmo balance.
It’s vital to remember that users cannot overdraw their accounts in accordance with Venmo’s terms of service. Your account can be suspended and you might be assessed fees if you try to overdraw it.