Venmo has been notifying our users that we need to verify their identity in the Venmo app. (We appreciate users being careful with their personal information and avoiding emails that may seem suspicious. In this case, handling identity verification in the Venmo app helps confirm the request is really from us.)4 days ago
Why is Venmo asking for Social Security?
Venmo is a money transfer business regulated by the United States Treasury Department. We may ask for your SSN to verify your identity if you try to do any of the following: Send $300 or more in one week (rolling 7 day period)14 Dec 2021
Should I give Venmo my SSN?
As such, we are obligated to collect certain information from our users to verify their identities. We may ask for your SSN to verify your identity if you try to do any of the following: Send $300 or more in one week (rolling 7 day period) Transfer $1000 or more to your bank in one week.14 Dec 2021
Why does Venmo want my ID?
To verify your identity, we use a National Database to obtain a positive match of legal name, address, date of birth, and SSN/ITIN. If we cannot verify your personal information, we will ask you to send us documentation in the app that confirms your identity.14 Dec 2021
Do I have to give Venmo my Social Security number?
Venmo is a money transfer service that is regulated by the US treasury department. Venmo needs your SSN as a part of the information it is required to collect to verify the identity of its users, in compliance with the FDIC rules.
Is it safe to give Venmo my SSN?
Is It Safe to Give Venmo Your SSN? Venmo is a trustable platform for managing your money and making all kinds of transactions, so yes, it is safe. However, it's necessary to beware of fake emails asking for your personal data.17 Jan 2022
Can I trust Venmo with my SSN?
Has the payment app asked you to verify information like your Social Security number (SSN), address and other personal information? If so, it's not a scam. Venmo is in the middle of making some changes, including updating its privacy settings and doing identity verification with all of its users.28 Jun 2021
Should I give Venmo my info?
First, don't give anyone information over the phone or by email or text. Venmo will ask you to update your personal information only inside the app itself. There is no reason to send it to anyone.19 Jan 2021