Violate any law, regulation, statute, or ordinance.If I summarize important items of the rules, they are as below. If you think that it is not any of the two reasons, you may also want to check the Venmo’s Restricted Activities section. These are different by each bank so you need to check it with your financial institute where the linked account exists. When it comes to the limit of ACH transfers, there are the amount limit and transaction count limit. FYI, ACH stands for the Automated Clearing House network. It can be one of the two reasons for the failure. insufficient funds at the transaction time.exceeding the number of ACH transfers allowed on your account.Venmo shared some of the most common reasons for transaction failure. That’s because it would be your bank account that has failed to pay to your Venmo account. If you use a linked bank account for payment, your bank is likely to know the reason.
But, the document explains that it may be related to a failure of payment to Venmo.
Cause of freezing accountĪccording to this Venmo article, it seems like Venmo is not able to tell you the reason for your frozen account clearly. By learning this, you can prevent the same thing in the future. In this post, we will learn possible reasons why your Venmo account has been frozen and how you can resolve that issue. It can be worse if there is money involved. It can be a frustrating experience if any of your accounts got frozen.
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