- Why Is My Venmo Account Frozen?
- 1. Payment Failure Or Owing Money
- 2. Issues With Your Venmo Security
- 3. Not Meeting The Venmo User Agreement
- 4. Going Beyond The Transfer Limit
- 5. Occurrence Of Technical Error
- How To Unfreeze Venmo Account And How Much Time Is Required?
- How To Unfreeze Venmo Account?
- Time Required To Unfreeze Your Frozen Venmo Account
- Summing Up
How To Unfreeze Venmo Account? – Complete Payment Guide
How to unfreeze Venmo account? – This is one of the most common questions we come across on the internet. If you have a frozen Venmo account, it can get really frustrating, and at the same time, it can be quite hassling for you since you will not be able to retrieve your money from your Venmo account. Obviously, nobody can be happy when someone’s Venmo account is frozen.
However, don’t worry, as, in this article, we will provide you details about how to unfreeze a Venmo account easily with just a few steps. You will know about a lot of things – why your Venmo account is frozen? How to unfreeze Venmo account? Read through to the end of the article to know more.
Why Is My Venmo Account Frozen?
Before we answer your questions, “How to get money out of frozen Venmo account?” or “How to unfreeze my Venmo account?”, you must try to understand why your Venmo account is frozen. There are various reasons why a Venmo account freezes.
To get your money out of your Venmo account and to understand how to unfreeze Venmo account, you will need to understand the specific reason why your account got frozen in the first place. The following are the major reasons why you have a frozen Venmo account:
1. Payment Failure Or Owing Money
One of the most common reasons for the freezing of Venmo accounts is that the account holder probably owes money to Venmo. This may also lead to a failure of payment. In such cases, Venmo might temporarily freeze your account until you pay your funds to the digital wallet.
Many people think that they are in trouble in such situations. In such cases, you will not need to worry. If your Venmo account is frozen, it just means that they have locked your account so that you do not make any further payments through the Venmo wallet. You can unfreeze your Venmo account by settling your debts.
2. Issues With Your Venmo Security
Another big reason why Venmo might freeze your account is due to security issues associated with your Venmo account. Since Venmo takes very serious care of your account security, if they feel that there is any unauthorized access to the account, then they freeze your account for safety to protect your money.
This is a great way of preventing malicious access to your account. If you feel that your Venmo account has security issues, you must immediately change your password and ask the brand to lock or freeze your account. This is to ensure that no more money gets spent on the account.
3. Not Meeting The Venmo User Agreement
Before you open an account with Venmo, it lets you read a user agreement, which you need to agree with before you can access your account. If you break one of the rules mentioned in the user agreement, Venmo will freeze your account. This also depends on how big is the violation of the rules.
In such cases, you should contact Venmo customer service for clarity. However, there is also a process of getting your money back in such cases too. The steps are provided in the next section of the article.
4. Going Beyond The Transfer Limit
Venmo freezes your account if you exceed the transfer limit. Hence, you will not be able to send or receive money through your Venmo account. If you did not verify your ID with Venmo, then you can transfer up to $999.99 per week. However, if Venmo verifies your ID, then you can deal with transfers worth $19,999.99 per week. So, if you have crossed the transfer limit set by Venmo, your account might freeze as a result.
5. Occurrence Of Technical Error
Due to technical errors, in rare instances, your Venmo account might get frozen. You need to understand here that these situations are very rare, and it hardly happens with Venmo users. So, the last four points did not apply in your case. Your account might get frozen due to a technical error on the end of Venmo.
To unfreeze your Venmo account and how to get money out of a frozen Venmo account, you will need to follow the steps given in the following section.
Read More: Why Are Instant Payments Becoming Popular?
How To Unfreeze Venmo Account And How Much Time Is Required?
In this section, you will get to know the ways of unfreezing your Venmo account and the amount of time that is required in minimum to start your Venmo account for further usage.
How To Unfreeze Venmo Account?
As you are now aware of the major causes why your Venmo account might be frozen, you must look at some of the useful reasons given below:
1. If your account is frozen, Venmo will send you a mail that is linked to your account. Here, they will mention to you why they froze your account. Here, they will mention all the steps that you need to follow to unfreeze your Venmo account.
2. In case of owe money, you just need to cover the payment with some other payment method, and your Venmo account will start again.
3. If you did not receive an email from Venmo, you will need to contact Venmo customer support at 1-855-812-4430. There you can know the reasons for the freezing of your account and request them to unfreeze your account.
Time Required To Unfreeze Your Frozen Venmo Account
In case of failed payment, if you cover the owed amount to Venmo, your account will unfreeze and start soon, and you will be able to use it.
In other cases, if you transfer your money through slower methods, your Venmo account might unfreeze in three to five days, depending on the time when your money reaches its destination. However, if you have followed every instruction provided by Venmo to unfreeze your account, you will be able to use your account for a maximum of two to three days.
Summing Up
Hope the information in this article is enough to enable you to understand how to unfreeze Venmo account. This is really essential for you. If you use your Venmo account often during financial transactions, it is very important for you to unfreeze your account. Hence, you will definitely like to fix those issues at the moment.
Read Also:
Share this article:
