Venmo limbo 

When you Venmo money back and forth between an individual and that money never gets put into either of your bank accounts because you keep owing each other money.

Dude, we need to stop paying for each other because our money is in Venmo limbo.

Venmo limbo by Darthvo June 13, 2018

Venmo limbo 

The period of time between when you cash out your Venmo account and the money arrives in your bank, sometimes leaving you broke for an entire weekend.

Shit I maxed my credit card but I'm in Venmo limbo until at least Monday.

Venmo limbo by dr.leary November 18, 2016