Venmo keeps your personal and financial information for as long as it needs to provide services and meet legal requirements, and may retain some data even after you close your account.
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
The policy does not specify fixed retention periods for most data categories, and asserts the right to retain information after account closure for unspecified legitimate business purposes, which may limit the practical effect of data deletion requests.
Interpretive note: The policy does not specify retention periods for individual data categories, making it impossible to assess from policy language alone whether retention practices satisfy CCPA/CPRA data minimization requirements or exceed FinCEN minimum retention periods.
Personal and financial data may be retained indefinitely for legitimate business purposes and legal compliance obligations even after account closure, and the policy does not specify maximum retention periods for specific data categories such as transaction history, financial account details, or payment note content.
How other platforms handle this
to request that your data be transferred to a third party (data portability)
Your organization may allow you to access and export your data in order to back it up or transfer it to a service outside of Google.
Further, you may take legal actions in relation to any potential breach of your rights regarding the processing of your Personal Information, as well as to lodge complaints before the competent data prot...
"We retain your personal information for as long as necessary to fulfill the purposes for which it was collected, including to provide services, comply with legal obligations, resolve disputes, and enforce our agreements. Even after you close your Venmo account, we may retain certain information as required by law or for legitimate business purposes.Excerpt from Venmo's Privacy Policy
1) REGULATORY LANDSCAPE: CCPA/CPRA requires that data be retained only as long as necessary for the disclosed purpose, and the absence of specific retention periods may create tension with CCPA's data minimization requirements under CPRA.
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The policy does not specify fixed retention periods for most data categories, and asserts the right to retain information after account closure for unspecified legitimate business purposes, which may limit the practical effect of data deletion requests.
Personal and financial data may be retained indefinitely for legitimate business purposes and legal compliance obligations even after account closure, and the policy does not specify maximum retention periods for specific data categories such as transaction history, financial account details, or payment note content.
ConductAtlas has identified this type of provision across 290 platforms. See the full comparison.
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