Venmo is one of the most popular US digital app services. This technology can help to simplify your money transactions and your life. Venmo is intended for adult users. Individuals who are under the age of 18 cannot register a Venmo account.
Today, kids are mobile and they are most comfortable in the digital world. This applies to their money as well. There are a lot of digital money apps that kids and teens can use safely.
Currently, Venmo is not set up to provide the proper types of safety and security for minors to use the app appropriately. This is why minors under the age of 18 cannot use the app.
Should You Use Venmo If You Are Under 18?
The short answer is, no. You should not use Venmo if you are under 18.
It is plainly outlined in the user requirements that an account cannot be registered to an individual who is under 18 years old. It is very important that users abide by the Venmo user guidelines.
These guidelines have been put in place to keep everyone safe as they use the app.
Venmo User Guidelines
Venmo has provided easy to follow user guidelines to ensure the safety and security of all users. Here we will outline the Venmo User Guidelines.
US resident
You must be physically located in the United States. Venmo is a US digital money service. The policies and regulations used to govern Venmo transactions are regulated by US financial laws. These laws apply to US residents. Venmo cannot sufficiently monitor activities of users in other countries, because those users would be bound by different financial laws.
US Cell Phone
You must register your account using a US cell phone. Venmo is a US based digital money service. It provides mobile financial services. These services are provided through an app that must be downloaded on a mobile device and registered to a cell phone.
Like the other Venmo guidelines, this helps ensure that Venmo can provide superior safety and security to all users.
You must be 18 years or older
Venmo is only intended to be used by adults. Venmo currently does not provide the appropriate types of security to be used by minors. This guideline was established for the safety and security of users. The only exception to this rule is if the state in which you reside has an majority age law that is different. In this case, the majority age of the state you live in will be allowed.
App must be updated
In order to get the most out of your Venmo account, you will need to make sure the app has been updated to 7.32.0 or newer.
Updates are created to keep the app working smoothly and securely. Although, updates can sometimes seem annoying or time consuming, it is important to remember that these updates make your user experience better. In the long run, the updates do not take that much time and could ensure a safer experience.
Does Venmo Provide A Family Account?
Currently Venmo does not provide a family account option that could include minors.
Venmo does provide an option in which two people can share an account, however, no one on the account should be under the age of 18. If anyone under the age of 18 is using the account this is violation of user terms and conditions and could result in the closing of the account.
Please abide by Venmo rules and regulations for the safest Venmo experience.
Does Venmo Provide Student Accounts?
No, there is not a student option for individuals under the age of 18. Students who are 18 or older, can use Venmo to conduct everyday money transactions.
Are There Money Apps For Kids?
There are money apps available for children and teens. You will need to conduct your own research to locate these types of services. Venmo does not provide money services for minors.