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  • Bloomberg via Getty Images

    Venmo increases fees on instant money transfers

    by 
    Kristen Bobst
    Kristen Bobst
    10.13.2018

    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 per transfer, Instant Transfer fees will be set at 1% of the total sum.