Effective Date: April 9th, 2025
Promotion Period: April 9th, 2025 – June 21st, 2025
1. Promotion Overview Venga introduces Euro Accounts, enabling seamless, instant, and secure euro transactions directly through the Venga App. To celebrate this launch, Venga offers fee-free euro deposits and withdrawals throughout the entire Spring season (April 9th, 2025, to June 21st, 2025).
2. Eligibility All Venga App users with access to IBAN accounts and who have passed KYC verification successfully. New users must successfully complete account verification procedures to qualify.
3. Fee-Free Deposits and Withdrawals During the Promotion Period, all euro deposits and withdrawals made via Bank Transfer through the Venga App are fee-free. Standard fees, as described in the Venga App fee schedule, will resume after June 21st, 2025.
4. Instant Euro Transactions
- Deposits: Users can deposit euros instantly from their personal bank accounts into their Venga Euro Accounts using SEPA Instant Bank Transfers as long as their banks support it.
- Withdrawals: Users can instantly withdraw euros from their Venga Euro Account directly into their personal bank account, as long as the receiving bank supports SEPA Instant transactions.
5. European IBAN Account Each Venga Euro Account holder is given an individual European IBAN under their name. This ensures smooth, transparent transactions, significantly reducing the likelihood of blocked or delayed transfers by traditional banking institutions.
6. Transaction Limits and Compliance Transactions may be subject to daily or monthly limits as defined in the Venga App. Users must comply with applicable regulations, including Anti-Money Laundering (AML) and Know Your Customer (KYC) guidelines. Venga reserves the right to review, hold, or decline transactions that appear suspicious or violate regulatory guidelines.
7. Security and Liability Venga employs advanced security measures to protect user funds and transactions. Users are responsible for safeguarding their account credentials and promptly notifying Venga of any unauthorized activity. Venga is not liable for any loss arising from the user’s negligence or failure to adhere to security best practices.
8. Modification and Termination Venga reserves the right to modify, suspend, or terminate this promotion at any time, with prior notification to users. Notification of any changes will be communicated through the Venga App, email, or official Venga communication channels.
9. Acceptance of Terms Participation in this promotion constitutes the user's acceptance of these Terms and Conditions and all other applicable Venga policies.
For further assistance, please contact our Customer Support team.