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
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When You register for an account, You agree to provide true, accurate, current and complete information and to keep Your account up to date.
You should notify us of any unauthorized use of your password or account.
You are responsible for all activities that occur under your Account. You agree that you shall monitor your Account to restrict use by minors
"Dormant accounts If you do not log in to your personal account for two or more years, we may close your Venmo account (including any Teen Account) and send any of your funds held in our possession to your primary address (if we have verified the required identifying information that you have provided to us) or, if required, escheat (send) any of your funds held in our possession to your state of residency...If your address is unknown, any of your funds held in our possession will be escheated to the State of Delaware.Excerpt from Venmo's User Agreement
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The clause states: “Dormant accounts If you do not log in to your personal account for two or more years, we may close your Venmo account (including any Teen Account) and send any of your funds held in our possession to your primary address (if we have verified the required identifying information that …”
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