![]() ![]() The CAN-SPAM Act only requires businesses to provide an unsubscribe link for commercial email, which is explicitly advertising or promotional. We’ll either send these statements every month or less frequently, depending on how active you are on Venmo.īut what about the CAN-SPAM act? Can't I unsubscribe from any email? Venmo is required by law to send this statement to open Venmo accounts. Should I be concerned that I got a statement? If you didn’t register this account, please contact us to get help. You can close your Venmo account by visiting /account/settings/cancel in a mobile or desktop web browser. It's also possible that another user mistakenly tried to sign up with your email address. It's likely that you still have an account and didn't fully close it. I received this email, but I don’t have a Venmo account. If you close your Venmo account, you’ll still receive one final transaction history email to the email address on file with your Venmo account. Venmo is required by federal financial regulations to send this notice to you on a regular basis (specifically 205.9.b here), so unfortunately you cannot unsubscribe. Otherwise, you will receive this notice once per quarter at minimum.Ĭan I unsubscribe or opt out of these emails? made or received a payment, made a purchase, transferred to bank, or received credits/refunds) in the past month, you will receive a notice at the beginning of the following month. Venmo sends this email to remind our users to check their transaction histories on a regular basis. This article originally appeared on GOBankingRates.What is the transaction history email and why am I getting it? Looking To Diversify in a Bear Market? Consider These Alternative Investments Social Security: New Bill Could Give Seniors an Extra $2,400 a Year In the digital era, you can never be too safe with your money, so take every opportunity to protect yourself from fraud. The general public - and in most cases, your family and friends - doesn’t need access to your Venmo payment history. Taking these steps is an important way to safeguard your finances. However, the dollar amount will only be visible to the other person and you’ll have exclusive access to the funding source. All you have to do is sign in to the app, go to “Settings,” click “Privacy” and select your preference under “Past Transactions.”ĭo note, if you send a payment to another user, the transaction will be shared in their feed. If you’ve just realized your payment history is public, you can also go back and make past transactions private. ![]() To change your default privacy settings, just sign in to your Venmo account, go to “Settings,” click “Privacy” and select “Private.” Click “Save Settings” and you’re done. Taking this step is easy and ensures only you can access your transaction history. You can change the privacy settings on individual Venmo transactions, but it’s safest and easiest to just switch your default preference to private. Take Our Poll: Do You Tip for Service? How To Change Your Default Privacy Setting Therefore, he advises staying on the safe side and keeping your transactions private. “The last thing you’d ever want to happen is someone accessing your private information and getting into your taxes and bank. “When you publicly reveal who you’re sending funds to, especially with large sums of money, you’re basically holding up a sign saying free money, come and take it with a simple hack,” he said. Vetti said sharing your transactions publicly can essentially invite fraud. “I personally believe that you should have your transactions private, because you never know who’s watching you.” “I don’t know about you, but I’m not sure how comfortable I am with allowing other people to constantly see how I’m spending my money or how much money I’m spending through Venmo,” he said. Manny Vetti, managing partner and president of, advises against keeping your Venmo transactions public. Your family and friends can view your public transactions, but this means strangers can also see who you’re sending money to - and receiving payments from - which can make you vulnerable to fraud. “(We’ve seen that) people open up Venmo to see what their family and friends are up to.” “We make it default because it’s fun to share with friends in the social world,” a Venmo representative told CNET. ![]() In an interview with CNET, Venmo revealed transactions are public by default because the digital wallet app doubles as a social network. ![]()
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