Venmo is increasing the fee for instant transfers to your bank account

The Verge ----------- Ever since Venmo rolled out its instant transfer feature, which moves money from your Venmo balance to a personal debit card within minutes, the cost of this speedy transfer has been 25 cents. But soon that will be going up. Venmo today emailed users about changes to its user agreement. One of those updates will see the fee for instant transfers switch from 25 cents to 1 percent of the transfer amount (with the minimum still being 25 cents). The change is also acknowledged on this instant transfers FAQ page. To learn more click on the picture below to read the article.