![]() ![]() Both Ingo Money and PayPal reserve the right to collect financial and transaction history data from credit bureaus and other reporting agencies. If the check is approved with funds transferred to a Venmo user’s account and the check turns out to be fraudulent or Ingo is unable to collect the funds from the check writer, Ingo Money and its parent First Century Bank will absorb the loss. PayPal has set a $400,000 cap for stimulus checks and the offer period will end once the acceptance cap has been reached, based on the terms of the marketing program.Īccording to the terms and conditions, for the Money in Minutes program, Ingo agrees to review the check within one hour of submission for approval. ![]() ![]() Venmo is waiving the Money in Minutes fees for all government stimulus checks submitted within the app for a limited time. There is no fee for receiving the funds with the Money in Days option. Using Money in Minutes, the funds can be made available within minutes or up to one hour, costing the user 1% for payroll and government checks with a pre-printed signature, with a minimum fee of $5 and 5% for all other accepted check types, including hand-signed payroll and government checks, with a minimum fee of $5. Access to the funds can be made available using “Money in Minutes” and “Money in Days” funding options. ![]()
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