Venmo · Venmo Privacy Policy · View original document ↗

Financial and Personal Data Collection

High severity High confidence Explicitdocumentlanguage Unique · 0 of 325 platforms
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Document Record

What it is

Venmo collects your name, contact information, bank account and card details, transaction history, and the text you write in payment notes.

This analysis describes what Venmo's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology

ConductAtlas Analysis

Why it matters (compliance & governance perspective)

The policy authorizes collection of sensitive financial identifiers and transaction content that, in combination, create a detailed profile of a user's financial behavior and relationships.

Consumer impact (what this means for users)

The terms authorize collection of bank account details, payment card information, transaction amounts, dates, counterparties, and payment note content, which together constitute a comprehensive financial activity record associated with the user's identity.

What you can do

⚠️ These actions may provide transparency or partial mitigation but may not fully address the underlying issue. Effectiveness varies by jurisdiction and individual circumstances.
  • Delete Your Data
    California residents and other eligible users can submit a data deletion request through Venmo's privacy request form linked in the privacy policy. Navigate to the privacy policy page and locate the 'Submit a Request' link under consumer rights.

How other platforms handle this

Egnyte Medium

We collect information you provide directly to us, such as when you create an account, contact us for support, sign up for marketing emails, or otherwise communicate with us. The types of information we may collect include your name, email address, postal address, phone number, company name, job tit...

ClickUp Medium

We collect information you provide directly to us, such as when you create an account, use our Services, make a purchase, or contact us for support. The types of information we may collect include your name, email address, password, phone number, credit card and other payment information, and any ot...

Ledger Medium

At Ledger, earning and maintaining our users' trust is a top priority. That's why we are deeply committed not only to protecting your privacy and securing your personal data, but also to being fully transparent about how we handle it.

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▸ View Original Clause Language DOCUMENT RECORD
"
We collect information you provide to us, such as your name, address, phone number, email address, and financial information including bank account and payment card details. We also collect transaction information, including the amount, date, and parties involved in each transaction, as well as the payment notes you include.

— Excerpt from Venmo's Venmo Privacy Policy

ConductAtlas Analysis

Institutional analysis (Compliance & governance intelligence)

1) REGULATORY LANDSCAPE: GLBA and Regulation P govern the handling of nonpublic personal financial information collected by financial institutions, including payment processors. The CFPB and FTC are primary enforcement authorities. CCPA/CPRA applies to California residents with respect to personal information categories including financial data, identifiers, and commercial information. The Electronic Fund Transfer Act governs disclosures related to electronic payment data. 2) GOVERNANCE EXPOSURE: High. The collection of bank account credentials and payment card information, combined with transaction history and payment note content, constitutes a sensitive data category under multiple regulatory frameworks. Unauthorized access to or misuse of this data creates significant regulatory and reputational exposure. 3) JURISDICTION FLAGS: GLBA applies nationwide for financial data. California CCPA/CPRA creates additional rights and obligations for California residents. Illinois, New York, and other states with enhanced financial privacy or biometric data laws may create additional exposure depending on data types collected. 4) CONTRACT AND VENDOR IMPLICATIONS: Any vendor or service provider receiving financial data categories described in this provision should be subject to data processing agreements specifying permissible uses and security standards consistent with GLBA Safeguards Rule requirements. 5) COMPLIANCE CONSIDERATIONS: Compliance teams should maintain a current data inventory mapping each collected data category (financial account details, card information, transaction metadata, payment notes) to specific storage, retention, and access controls; verify that GLBA Safeguards Rule security program requirements are satisfied; and confirm that CCPA data category disclosures in the policy accurately reflect all categories collected in practice.

Full compliance analysis

Regulatory citations, enforcement risk, and due diligence action items.

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Applicable agencies

  • CFPB
    The CFPB has supervisory authority over Venmo's handling of financial account data and transaction information under GLBA and the Electronic Fund Transfer Act
    File a complaint →
  • FTC
    The FTC has authority over unfair or deceptive practices in connection with collection and handling of consumer financial data
    File a complaint →

Applicable regulations

CCPA/CPRA
California, USA
Connecticut Data Privacy Act Amendments
US-CT
CAN-SPAM
United States Federal
FCRA
United States Federal
FTC Act Section 5
United States Federal
GLBA
United States Federal
Indiana Consumer Data Protection Act
US-IN
Kentucky Consumer Data Protection Act
US-KY
TCPA
United States Federal
Universal Opt-Out Mechanism Expansion 2026
US

Provision details

Document information
Document
Venmo Privacy Policy
Entity
Venmo
Document last updated
May 5, 2026
Tracking information
First tracked
April 18, 2026
Last verified
May 12, 2026
Record ID
CA-P-011055
Document ID
CA-D-00112
Evidence Provenance
Source URL
Wayback Machine
Content hash (SHA-256)
979f86236ba2b53263a271e1bb31a0a588f53685f6beddafe32eb3498c4e4bb1
Analysis generated
April 18, 2026 09:42 UTC
Methodology
Evidence
✓ Snapshot stored   ✓ Hash verified
Citation Record
Entity: Venmo
Document: Venmo Privacy Policy
Record ID: CA-P-011055
Captured: 2026-04-18 09:42:16 UTC
SHA-256: 979f86236ba2b532…
URL: https://conductatlas.com/platform/venmo/venmo-privacy-policy/financial-and-personal-data-collection/
Accessed: May 13, 2026
Permanent archival reference. Stable identifier suitable for legal filings, compliance documentation, and research citation.
Classification
Severity
High
Categories

Other risks in this policy

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Built from archived source documents, structured governance mappings, and historical version tracking.

Frequently Asked Questions

What does Venmo's Financial and Personal Data Collection clause do?

The policy authorizes collection of sensitive financial identifiers and transaction content that, in combination, create a detailed profile of a user's financial behavior and relationships.

How does this clause affect you?

The terms authorize collection of bank account details, payment card information, transaction amounts, dates, counterparties, and payment note content, which together constitute a comprehensive financial activity record associated with the user's identity.

Is ConductAtlas affiliated with Venmo?

No. ConductAtlas is an independent monitoring service. We are not affiliated with, endorsed by, or sponsored by Venmo.