Can I Tranfer Money From Bank Account To Prepaid Card
Table of Contents
- Can Yous Transfer Money From A Prepaid Carte To A Bank Account?
- Prepaid Debit Carte
- Prepaid Gift Carte
- Method 1: How To Transfer Money From Your Prepaid Card To Your Bank Account Using MoneyGram
- Footstep 1: Sign Up For An Account At MoneyGram.Com
- Footstep 2: Navigate To The 'Ship Coin' Folio And Fill Out Payment Info
- Step iii: Complete Your Banking company Details
- How Much Does It Cost?
- How To Salve On The Transfer Fee?
- Is There A Limit When Transferring Money Using MoneyGram?
- How Long Does It Accept To Transfer Coin With MoneyGram?
- Method 2: How To Transfer Coin From Your Prepaid Carte du jour to Your Bank Account Via PayPal
- Pace one: Create a PayPal business relationship.
- Stride 2: Link your prepaid card AND an agile bank account to your PayPal account.
- Pace 3: Transfer money from a prepaid card to your PayPal and bank account.
- Fees:
- Method 3: How To Transfer Money From Your Prepaid Card to Your Bank Account Via USPS Money Order
- Here are the steps:
- Fees:
- Pop Prepaid Cards That Allow Transfers To Bank Accounts (With Instructions)
- American Express Bluebird Prepaid Menu
- Key2Benefits Prepaid Carte
- Light-green Dot Prepaid Visa Card
- Netspend Prepaid Menu (Visa, MasterCard, Skylight One)
- Other Visa Prepaid Cards
- How To Transfer Coin From Prepaid Card To Depository financial institution Account (For Cards not Listed Above)
- Step 1: Find Out If Your Prepaid Card Can Be Used Anywhere, Or Is Limited To Participating Merchants Only
- Pace 2: Visit Your Prepaid Card's Website To Run across If They Offer Transfers To A Depository financial institution Account
- Step 3: Annals Or Log-In To Your Prepaid Card Account
- Step iv: Link Your Bank Account To The Prepaid Card By Providing The Routing Number And Business relationship Number Of Your Bank Account
- Footstep 5: Follow Additional Instructions From The Prepaid Card Visitor And Perform The Transfer Online To Your Bank Account
- How Long Will It Take For The Money To Be Transferred To My Depository financial institution Account?
- How To Transfer Gift Menu Balances To Your Banking concern Business relationship Using Raise
- Follow these steps:
- Fees:
- The Bottomline
Having a prepaid menu is a convenient way to pay for products and services, whether in-store or online. Instead of conveying cash effectually, you only load your money on your prepaid debit carte, making information technology safer and more practical.
Y'all tin also get your paycheck and government benefits on your prepaid bill of fare.
If you lot're more into cryptocurrency, you can utilise the Bitcoin IRA, just like other bachelor IRAs to receive your retirement benefits. Nosotros recommend the Bitcoin IRA review for proper guidance with this.
With so many of us using prepaid cards, one commonly asked question is how to transfer money from a prepaid card to a savings or checking business relationship?
The get-go step in the process is to check if your carte even allows you to transfer funds to your bank account in the offset place.
Can You Transfer Coin From A Prepaid Card To A Bank Business relationship?
Yes. You lot tin transfer money from a prepaid card to a bank account in almost all cases. Just how you lot do it depends on what type of prepaid card you accept.
There are two types of prepaid cards:
Which One Exercise Yous Have?
Prepaid Debit Bill of fare
This is a card that can be used anywhere that credit/debit cards are accepted. If you lot have used your prepaid card at different places with no trouble, and so you have a regular prepaid card.
How to get money off your carte du jour? Follow these specific instructions if you take any of these cards: American Express Bluebird Carte du jour, Green Dot prepaid card, Netspend prepaid carte, Key2Benefits prepaid card.
If y'all don't see your bill of fare there, you can notwithstanding use iii methods to get your money through MoneyGram, PayPal and USPS Money Lodge.
Prepaid Gift Card
This type of carte du jour limits y'all to purchasing products and services from participating merchants, e.g., Home Depot.
How to get coin off your menu?We've institute that one way to go money off a gift card is to utilize a service like Raise.
Method i: How To Transfer Money From Your Prepaid Carte du jour To Your Banking company Account Using MoneyGram
We struggled to discover a simple, sure-fire way to move funds off our prepaid cards for a long time. One solar day, a helpful reader shared this clever hack that works with almost every prepaid card.
Using a remittance service likeMoneyGram, you can transfer money to your depository financial institution account rapidly, cheaply and safely.
Update: We've heard that non everyone can find the Account Deposit / Debit Carte Deposit choice in MoneyGram. If that'southward the instance, y'all tin even so use the PayPal or USPS methods we talk about below.
Hither Are Some Reasons Why We Dear This Method:
✅Safe: MoneyGram has been around since 1940, and is the second largest coin transfer company in the world.
✅Fast: Receive your money in minutes if you choose the Debit Card Deposit choice.
✅Cheap:Fees are as low as $one.99. Run into our section on how their fees are calculated.
✅Reliable: Dozens of our readers have successfully used this method, and it appears to work for near any prepaid card.
Here are the steps to transfer money from your prepaid carte du jour to your banking concern account using MoneyGram:
Step ane: Sign Up For An Account At MoneyGram.Com
Go to theMoneyGram website and click "Sign Up" to create an account using your electronic mail address. You may have to provide some photograph ID to verify that you're a legitimate person.
Once you lot're signed up, click on the "Send Money" choice in the menu. You lot should see a page similar in the screenshot above.
On this folio:
- Enter the amount that you want to send
- Select Debit/Credit Menu
- Select the 'Account Deposit' option (or the 'Debit Carte Deposit' option if yous don't see the 'Account Deposit' option. This volition require that you have a debit card linked to the bank account you lot're sending money to.
Step 3: Complete Your Depository financial institution Details
Subsequently clickingnext, you'll exist taken to a page like in the screenshot higher up. Enter your Receiver's details. This will exist data similar your name, address and account/debit card info.
Click 'Next'. Co-ordinate to the MoneyGram website, many account deposits are completed within minutes, subject area to cyberbanking hours and systems availability.
How Much Does It Cost?
Y'all'll pay a fee based on the corporeality you lot are sending. For amounts less than $200, MoneyGram charges you a base fee of $1.99. For amounts to a higher place $200, it charges $1.99 + ane% of the transferred amount.
For example, if you lot're going to ship $500, the fee volition be $i.99 + $v, for a total of $six.99.
Yous can guess the fee before you ship the money by using thefee reckoner on the MoneyGram homepage.
How To Save On The Transfer Fee?
If you are going to utilize this service regularly, you lot can salvage on fees past enrolling in theMoneyGram Plus Rewards.
With this program, y'all volition save xx% on fees onyour second transfer and 40% OFF on fees every 5th transfer.
If you're transferring a large amount, so taking reward of the MoneyGram Plus Rewards program will save you lots of money!
Is There A Limit When Transferring Money Using MoneyGram?
The limit for sending money online is $10,000 per transaction and up to $10,000 every 30 calendar days.
If you lot need to send more funds, you'll take to practice it in person at one of the MoneyGram agent locations, however, according to the MoneyGram FAQ, well-nigh amanuensis locations only accept cash.
How Long Does Information technology Take To Transfer Coin With MoneyGram?
All of MoneyGram'south transactions occur within the same twenty-four hours, including prepaid card transfers to your bank account.
Ready to become your money off your prepaid card? Visit the MoneyGram Website to go started.
Method 2: How To Transfer Money From Your Prepaid Carte to Your Bank Account Via PayPal
You tin can send the money inside your prepaid carte to your personal PayPal account. PayPal volition charge yous a minimal fee, but the process is easy and you can exercise information technology all online.
Step ane: Create a PayPal account.
If you don't have an account withal, you can create one for costless on the PayPal website.
You lot'll need to provide the following:
- Full proper name
- Address
- Telephone number
- A valid ID
Afterward completing your awarding, it just takes a few minutes for your business relationship to be approved and activated.
Step 2: Link your prepaid carte AND an agile bank business relationship to your PayPal account.
Next, link your prepaid card account to your PayPal. This will allow you to send money from your card to your PayPal account.
You also demand to link an active bank account, a debit carte, or a credit card to your business relationship. This is where you lot volition withdraw the money you receive from your prepaid carte du jour.
To link to your bank account, follow these steps:
- Log in to your PayPal account.
- Click on "Wallet."
- Choose "Link a Card" or "Link a Banking company" depending on the type of account you take.
- Enter the required information and stop the verification process.
To link your prepaid card, follow these steps:
- Log in to your PayPal account.
- Click on "Wallet."
- Cull "Link a Bank Account."
- In the bank details field, type in some random messages and hit enter. This will prompt you to enter the prepaid menu details manually.
- Type in the account number and routing number on your prepaid card.
- Link by clicking "Concur."
- Don't click on "Confirm Instantly." This volition require you to log into your personal bank account to confirm the transfer.
- Instead, click on "Request Deposits" and wait for your request to be approved by PayPal. This will allow you to transfer money from your prepaid card to your PayPal business relationship.
- Await for approval. PayPal will send test charges to your carte and bank business relationship. This will be refunded.
Once you get a notification that the charges were canonical, you can then send coin from your prepaid carte to PayPal.
Step three: Transfer money from a prepaid carte to your PayPal and bank account.
Now you're set to transfer money from your prepaid card to PayPal and your bank account:
- Log in to your PayPal account.
- Click on "Wallet."
- Cull "Send Money," and then, "Add Money Online."
- Choose your link prepaid card equally the source of funds.
- Fill in the amount to transfer, and so complete the transaction.
The amount should be credited instantly to your PayPal business relationship.
Afterward this, you tin transfer the amount in your PayPal account to your depository financial institution business relationship so yous can withdraw it in greenbacks.
Fees:
- It's costless if you use the regular transfer option. However, this will take 3 to 5 business concern days.
- PayPal volition charge you lot one% of the total amount if y'all choose the instant transfer option.
Method iii: How To Transfer Money From Your Prepaid Card to Your Bank Account Via USPS Money Order
You can also transfer money from your prepaid card to your banking company account using a U.s.a. Postal Money Order.
Dissimilar the PayPal method, you'll need to become to the Post Office, so brand sure you look up the address and ostend their policies in your expanse.
Hither are the steps:
- Get to your local post part.
- Buy a US Postal Money Gild using the residual on your gift menu.
- Endorse the coin club to yourself. Brand sure to fill in all the necessary data, including your name and address.
- Go to your banking concern to cash it out or to deposit it into your account.
- Some post offices can also greenbacks out the money order for you as long as they have plenty cash on hand.
Fees:
- $1.45 for USPS money order up to $500
- $1.95 for USPS money club $501 to $one,000
Popular Prepaid Cards That Permit Transfers To Bank Accounts (With Instructions)
We become many queries nearly transferring funds from prepaid cards to bank accounts. And then we're able to see which cards almost people demand help with.
Hither's a listing of common prepaid cards in the US and their exact instructions on how to transfer from the prepaid card to your banking concern account.
American Express Bluebird Prepaid Carte
The American Express Bluebird card is a prepaid debit card that has no monthly or annual fees, no overdraft fees, no foreign transaction fees, and gratuitous ATM utilise.
The carte du jour tin can be used to pay bills online or via a mobile device and can exist loaded with direct deposit, cash load at Walmart, mobile check deposit, and past using a debit or credit card.
The menu is issued by American Express and serves as an alternative checking business relationship for those who accept been denied by traditional banks.
Bluebird prepaid cardholders can as well transfer money from Bluebird to a linked savings or checking account via these steps:
- Log into your Bluebird Account.
- If you already have a linked bank account, it will already exist displayed on the dashboard.
- If information technology's your offset fourth dimension linking a new banking company account, fill up in your routing and account number.
- Wait for Bluebird to ship two trial deposits to verify the account. This tin take up to v business days, simply you lot only demand to do it one time. After your carte du jour is verified, you can transfer money to it anytime.
- Navigate to the "Money Out" section.
- Click "Transfer to Bank."
- Select the bank account yous'll be transferring to.
- Confirm the transaction.
- It'll take two to four business days for the money to reverberate in your bank account.
Key2Benefits Prepaid Card
If you lot take a Key2Benefits Prepaid Carte, y'all can transfer some or all of your balance to your personal savings or checking account. You lot need to have the Routing Number and Account Number of the bank account you lot wish to transfer into for you to complete the transaction.
- Log-in to Key2Benefits.com
- Click on "Card to Business relationship Transfer" in the left-hand carte du jour.
- The Card to Account Transfer screen volition appear.
- Type in the amount you wish to transfer.
- Type in your Routing Number.
- Type in your Account Number.
- Cull the Account Type.
- Enter the security code you encounter on your screen to verify this is a valid request.
- Click "Continue"
- Verify your information.
- Click "Submit".
Greenish Dot Prepaid Visa Card
Light-green Dot Prepaid Visa Card is a prepaid debit card that you tin apply to make purchases, pay bills and get cash. They have different cards depending on your needs, including one specifically for teens.
Greenish Dot Prepaid Visa Cards are only sold in stores.
You can transfer money from your Green Dot prepaid card to other banking concern accounts, subject to the receiving depository financial institution'southward limitations and guidelines.
To transfer coin from your Green Dot prepaid bill of fare to some other Green Dot carte or an external bank business relationship, follow these instructions:
- Log in online to your Green Dot card account.
- Select transfer coin.
- Choose a linked bank business relationship or add together the banking company details of the receiving account.
- Follow the on-screen instructions and ostend.
- Green Dot to Green Dot transfers reverberate immediately, while transfer to other banks may take up to three business days.
Netspend Prepaid Card (Visa, MasterCard, Skylight ONE)
A Netspend Prepaid Bill of fare will allow you to movement money to your bank account, besides equally to other Netspend cardholders. To transfer funds to your bank account:
- Go to the Netspend Online Business relationship Heart
- Sign-upward for an account and follow instructions to link your bank account.
- Fees for bank transfers will be determined by the bank.
Note that this service may non be available for some banks. Yous take to check with the bank if this is available if you run into any problems.
Other Visa Prepaid Cards
If you lot have a Visa Prepaid Card, the process of how to transfer coin to your bank business relationship volition depend on the blazon of card you accept.
To transfer a visa prepaid to a banking company account, you have to check with your prepaid carte provider if this service is available.
Become to this link to find your prepaid bill of fare and visit the corresponding website: https://united states.visa.com/pay-with-visa/observe-menu/get-prepaid-menu. (Annotation: at the time of writing, we couldn't find a coin transfer feature for Visa prepaid cards like smiONE, ACE Greenbacks Limited, MyVanilla, and One VIP. And then yous should use either the MoneyGram, PayPal or USPS method for these cards. )
Hither's the process to go through if y'all accept a prepaid debit menu that was not listed higher up.
How To Transfer Money From Prepaid Carte To Bank Business relationship (For Cards not Listed Above)
The process is slightly different depending on each prepaid card but here's a step-past-stride guide that should apply to most cards:
Stride 1: Notice Out If Your Prepaid Card Tin can Exist Used Anywhere, Or Is Limited To Participating Merchants Merely
Visit your prepaid carte du jour company'southward website and look at the card's features. Can it be used anywhere that regular debit cards are accepted?
For example, certain cards have the post-obit features:
The Card tin can be used to purchase trade and services anywhere Visa debit cards are accepted in the United States.
Nonetheless, other cards are only limited to participating merchants:
Your Carte can be used to purchase merchandise and services at any grocery store, specialty foods store, food truck, or online food retailer in the US where Visa debit cards are accustomed.
If your card can be used anywhere in the U.s. (the first type of card), then y'all tin can move on to pace ii. Otherwise, read our section on transferring gift card balances to your depository financial institution account.
Pace 2: Visit Your Prepaid Carte'south Website To See If They Offer Transfers To A Bank Account
Some prepaid card companies help y'all do transfers to your bank account through their website or app. And then your get-go cease should be the website of your prepaid carte provider.
Cheque Your Card Company's FAQ Folio
Here, they'll usually have a FAQ (Frequently Asked Questions) page. If your menu visitor allows transfers, they'll state information technology very conspicuously.
For case, the Bank of America CashPay carte du jour says the following on their FAQ page:
"…you may perform an Online Funds Transfer via the CashPay Customer Service website at world wide web.bankofamerica.com/cashpay (fee will apply) to transfer funds from your CashPay account to a traditional checking or savings account owned by you in the United States."
Not in the FAQ? Check Your Card Company's Features Folio
If you don't notice it on your card provider's FAQ folio, check the features and benefits page of your prepaid card.
On the Netspend website, this information appears on the 'Card Benefits' folio:
"Accept a depository financial institution account in improver to your Netspend Card Account? Link your financial accounts from participating bank accounts and you can transfer money betwixt them and your Netspend Card Account."
If your prepaid carte company offers transfers to your bank account, then comport on to the side by side stride. If it'due south not conspicuously stated, and then your best bet would be to use the PayPal method or the USPS money order method.
Step 3: Register Or Log-In To Your Prepaid Card Account
After finding out whether your prepaid card provider allows such a transaction, you lot can sign-up for an business relationship or log in if you already have an account.
If y'all need to do registration, then you will need your prepaid carte du jour with you. Afterward signing upward, you can utilize the login details for futurity transactions.
Step 4: Link Your Bank Business relationship To The Prepaid Bill of fare By Providing The Routing Number And Account Number Of Your Bank Account
To perform the transfer, nearly prepaid card providers volition ask you lot to link your bank account by entering your banking concern account's routing number and business relationship number.
Your routing number is a 9-digit number that tells you where your bank business relationship was opened. One place to search for it is at the lesser of your checkbook.
It's too known equally your ABA or RTN number.
Brand certain yous have this gear up. If you lot don't have the routing number of your banking company business relationship, check with your bank's website.
About banks accept a page where all their routing numbers are listed. Take a look at the U.Due south. Banking company'southward website for instance.
Footstep 5: Follow Additional Instructions From The Prepaid Card Company And Perform The Transfer Online To Your Bank Business relationship
Every prepaid card provider will accept a slightly different gear up of instructions and then make certain to follow them advisedly.
At whatsoever point, if you're unsure of what to practise, your prepaid carte du jour provider should have a customer service hotline that you can call for assist. Hither's an case of the detailed instructions provided by the Key2Benefits Prepaid Menu website.
How Long Will It Take For The Money To Be Transferred To My Bank Account?
How long the transaction takes depends on your bank. Some transfers tin can be completed within a few hours or on the same business day.
For well-nigh banks, though, information technology unremarkably takes a few business days earlier y'all meet the coin in your account.
This is considering you must create a new "transfer-to" account online, which can take up to 5 concern days to cosign.
Afterward that, it tin can accept another 2 business organization days to receive the money in your account.
How To Transfer Souvenir Card Balances To Your Bank Account Using Raise
Yep, you can transfer money from almost prepaid souvenir cards to your bank business relationship using a service called Raise.
Unlike near prepaid cards, gift cards are limited. You tin can't send money to some other person and y'all can only use them at specific stores.
Most gift cards also accept expiration dates, so you lot need to use them quickly so y'all don't lose the money.
In addition, souvenir cards are dispensable and can only be used until the residue reaches zero, while well-nigh prepaid cards are reloadable and tin be used indefinitely.
Finally, the PayPal method and the USPS money social club method nosotros discussed above won't work for gift cards because they don't contain greenbacks. What you lot take in that location are basically store credits, not actual money.
That'south where Raise comes in. It'southward an online market where yous can buy, sell, and trade your souvenir cards at the best prices.
The catch? Don't look to greenbacks out the total corporeality of your gift menu.
You're going to go bids for your gift carte, and then information technology's impossible to determine the exact amount yous can get since it all depends on what other people are willing to pay for.
And then before you sell your gift carte on Enhance, make certain that information technology'southward really the cash value that you want. Otherwise, y'all may want to just use it in your favorite store instead.
Follow these steps:
- Become to this page on the Raise website.
- List your gift card for sale in the Raise marketplace. Y'all'll need to input the shop, gift card blazon, and corporeality.
- Information technology tin can take up to 24 hours for gift card sale listings to be approved and verified.
- Await for offers to come in.
- Once y'all receive an offer you like, accept it, and choose your preferred payment method.
- Y'all can withdraw the money through your PayPal account or direct deposit.
Fees:
- It's costless to list a souvenir carte du jour for sale on Raise.
- Raise volition accept a 15% commission on every sale. This is based on the selling price, not the original gift card amount.
Note:There are sure brands and types of gift cards that Raise doesn't accept. You can check the updated list here.
The Bottomline
The ability to transfer money from your prepaid card to your banking concern account volition depend on the type of card you have. The best way to bank check whether your card has this characteristic is to bank check the customer service section of your prepaid carte du jour or gift card provider.
If transferring money to your bank account from your prepaid card is not available, you can endeavor the options listed above such as using a money transfer service or mobile payment apps to movement your coin.
Did whatever of these methods piece of work for you? What worked, and what didn't? Allow usa know in the comments below!
Source: https://consumerboomer.com/how-to-transfer-money-from-prepaid-card-to-bank-account/
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