Waits until you add a decent amount of money and then freezes the account…
Transferred $90 into the account because it was working perfectly fine as long as the balance was only $5 or $25, but as soon as I sent the entire balance of my other bank account into it, which I was relying on to use over the weekend, they decided that was the moment to put a sudden hold on my account, holding my money hostage for several business days until they’re satisfied that I am who I say I am. I would’ve put the money somewhere else or left it where it was if I’d had any reason to suspect that it would suddenly stop working the moment I put my money in there… I only used the stupid app because it was more convenient and easy/free to send transfers to from PayPal. Now I’ve lost access to every penny I had set aside for food and other necessities this weekend. Will probably end up being assessed late fees for bills that will now not be getting paid. Awesome. If there was an issue with the account, why did they let me make it and accept my transfer? I, like most other people, do not thoroughly peruse the terms and conditions before I go about these things.
I guess I’m going to have to be more diligent in the future / will definitely not be using Venmo any longer. I like to be able to rely on my funds remaining available for at least an hour after I deposit them into an account that has no problem whatsoever accepting their receipt, but suddenly notices an issue once I go to spend them.Garbage
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