Saturday, November 26, 2022

Can You Deposit Visa Gift Cards Into Your Bank Account

Don't Miss

How Do I Turn My Vanilla Visa Gift Card Into Cash

How To Turn Visa Gift Card into Cash Using Paypal or Venmo | Transfer GiftCard Money to Bank Account

The Vanilla gift card is a Visa prepaid gift card that is available for purchase in amounts from $10 to $500. Its great for special occasions and a great gift to give to people if you arent sure what to get them for an occasion.

Similar to a regular Visa gift card, if you are looking to convert a Vanilla Visa gift card to cash, you can use all the options recommended in this post to get started. So even though you cant get money directly from a Visa Vanilla gift card, you can use the options in this post.

Can You Use A Visa Gift Card At An Atm

Visa gift cards cannot generally be used at an ATM as they do not come with a PIN. That is, ATMs only allow you to withdraw cash if you have a PIN for security reasons. This means that any card that doesnt come with this will not be able to finish the transaction.

There are, of course, other ways to get cash from your Visa gift card, as youve probably seen from all the other options in this article. That said, most of them require a couple of extra steps to get to that point.

While theyre all pretty simple, unfortunately none of them are quite as straight forward as simply withdrawing the balance in cash from an ATM. Dont consider that as too much of a hurdle though, as those extra steps needed to access that cash really arent that difficult to do.

How To Transfer A Visa Gift Card To A Bank Account

You can transfer money from a prepaid card to your bank account indirectly by trying some of the following options, which we go into more detail about above:

  • Add the card to your PayPal or Venmo account and transfer the balance to your own account
  • Get money for a voucher issued by a Gift Card Exchange Kiosk and then deposit it into your account
  • Choose an app or website to sell your gift card to that pays you through direct deposit, letting you then use the selling price as a way to transfer the Visa gift card to your bank account
  • Use the card to buy a money order, with the value of this then placed in your account
  • You May Like: Td Go Reloadable Prepaid Visa Card

    How Can I Cash In A Gift Card

    If you are looking for ways to exchange your gift card for cash, you can actually do that online. One of the faster and legit ways you can get cash for a Visa gift card is by selling it on platforms such as Gift Cash.

    With this site, you can sell your unwanted gift cards by submitting the gift cards corresponding merchant and balance. After that, Gift Cash will submit an offer to you, and if you accept the offer, they will process your payment and send you cash.

    You can also check out selling your unwanted gift cards on Gift Card Granny. This site has been seen in Forbes, NBC News, Oprah Magazine, and much more.

    Easy Ways To Transfer Visa Gift Card To Bank Account In Less Time

    Can You Transfer Gift Card Balance into Your Bank Account?
    • 7 minute read

    To transfer visa gift card to bank has been somewhat difficult for individuals and even impossible for most people.

    Having visa cards have saved individuals the stress of carrying cash around and going out of budget with their expenses because they can load their cards with a set amount of funds that can carry their purchases for a long period of time.

    But where by a person has enough funds in the visa card and lacks cash at hand, there becomes the need to be able to transfer the visa gift card to a bank account in order to access the cash and use however they want.

    So the common question is How do you transfer visa gift card to bank account?

    This content is going to help you understand the modules of transferring visa gift cards to a bank account. But Its important you first understand what a visa gift card is.

    Also Check: How To Remove Credit Card On Google Play

    How To Transfer Visa Gift Card To Bank

    Most of the time, you cant straight up transfer a Visa gift card balance or any other gift cards directly to a bank account, there are some roundabout ways to do so.

    Transfer the balance of your Visa gift card to bank account by using some of the steps mentioned above, such as by:

    • Adding your Visa gift card to your PayPal or Venmo account, and then transfer the balance to your bank account
    • Buy money order and deposit the value to your bank
    • Sell your gift card through a website, which will then pay the agreed amount through direct deposit.

    Tips To Convert Visa Gift Cards To Cash

    Have you received another bunch of Visa gift cards with the latest birthday or holiday?

    While getting gift cards can be fun and exciting, receiving multiple cards can also be frustrating when youd prefer to have some much-needed cash in hand.

    Luckily these days, there are many available options. You can often find a way to convert Visa gift cards to cash or swap them for something else youd appreciate.

    Our complete guide covers many different options you are bound to find one to fit your needs.

  • 12 Tips to Convert Visa Gift Cards to Cash
  • Don’t Miss: First Premier Bank Credit Card Interest Rate

    How To Transfer Gift Card To Bank Account

    You can sell gift card for cash. You can also exchange gift cards for goods and services or sell gift cards for Bitcoin. Alternatively, you can still send money from a gift card to a bank account. Some of the providers of gift cards include American Express, MasterCard, Discover and Visa. Some gift cards can be reloaded, meaning that you can add funds to the gift card and continue using them. Reloadable gift cards are more like prepaid cards.

    However, a gift card is not secure and if you lose it, someone else can collect it and use it. Unlike payment cards such as , debit card, and prepaid cards, you can only use gift cards to shop in specific stores. As such, you cannot use them anywhere else.

    • Also read:How to Sell Gift Cards for Bitcoin

    Bank Of America Edd Card

    How to transfer gift cards money to your bank account – Money Maker off gift cards!

    If you have the Bank of America EDD Prepaid Debit Card or the EDD Prepaid Digital Card, you can transfer money to your checking or savings account. You can also choose to perform a one-time transfer or a recurring direct deposit transfer to your bank account.

    The EDD Digital Card is actually designed for people who prefer to directly transfer the funds to their personal bank account.

  • Go to the Bank of America EDD Debit Card website
  • Follow the instruction to set-up a one-time transfer or a recurring transfer for EDD Digital Cards
  • If you enroll in a recurring transfer, the funds will automatically transfer to your bank account within 1-2 business days after the EDD deposits the funds to your Digital Card.
  • Alternatively, you can also call Customer Service 1.866.692.9374.
  • Read Also: Bestbuy Citibank Card

    Transfer To Your Bank Account Via Paypal

    If this isnt a pro tip on how to get cash from a Visa gift card, I dont know what is. You can transfer a Visa gift card to the bank by simply piggy backing off the services of PayPal.

    Most places these days accept PayPal as a form of payment as it can be linked to a bank account to transfer funds. PayPal is also a very convenient way to transfer funds to and from linked bank accounts and is a big hit with persons who prefer not to use credit cards.

    PayPal has a feature where it allows its users to link Visa gift cards and other prepaid cards. By linking your Visa gift card to your PayPal wallet, you can use the funds to directly pay at a vendor that accepts PayPal. Therefore you can get money off a Visa gift card by utilizing typical services that incorporates PayPal.

    Now to bump it up a notch, into the mind blowing category, once more: Since your PayPal is linked to your bank account, the funds from your Visa gift card can be transferred directly to your bank account.

    Yestransfer Visa gift card to bank account! Utilize your PayPal account and turn Visa gift cards into cash.

    That being said, nothing good on this earth is truly free. Using PayPal to get cash from a Visa gift card is no different. Typically you can expect to receive a transaction fee of up to 3% of the cash value being transferred.

    In my opinion, the PayPal hack is worth every cent and can be used to get cash from a Vanilla Visa gift card or to transfer Visa gift cards to the bank on the whole.

    How Do I Exchange A Gift Card For A Paypal Balance

    Interestingly, you can exchange your gift card for a PayPal balance. If you receive a card that you do not need, you cannot just let it lie there, and you need to convert it to money for other uses. You can recycle unwanted cards for cash in your PayPal balance via CardCash. Follow the following steps to carry out the process.

    • Visit CardCash.
    • Fill in the merchants name and the amount of money on your gift card.
    • Click GET OFFER and wait to see if there is any offer available for the card. A display will show the amount of PayPal balance you can exchange with the gift card.
    • Agree or reject the offer. If you agree to the request, click Continue.
    • Input your gift card number and PIN
    • Sign in to your PayPal account and fill in the required fields.
    • .

    The funds will reflect in your PayPal account within one working day after completing the process. You can then use the balance for online purchases or transfer it to your bank account.

    Also Check: Ultacredit Card

    Prepaid Cards That You Can Add Money To

    Weve followed the prepaid debit card industry for years and have a good grasp of which cards offer the best solutions and customer service for your financial needs. When choosing the right card for you, consider each offerings monthly fee, direct deposit features, ATM withdrawal abilities, and how easy the issuing bank makes it to conduct cash reloads.

    See Pricing Not applicable

    The FamZoo Prepaid Mastercard is an intriguing service that allows families to share a joint account. Parents have complete control over the spending limits on each card issued.

    Its a great way to pay out an allowance or send money to a child who may be away at school or on a trip. It ensures that your kids wont ever be without money when theyre away from home.

    How Do I Transfer A Visa Gift Card To Paypal

    How to get money from a gift card into my bank account

    How do I exchange a gift card for PayPal balance?

  • Go to CardCash.
  • Enter the merchants name and the balance amount on your gift card, and click GET OFFER.
  • To add another gift card, just enter the information below and click ADD CARD.
  • If you agree to the exchange offer, click Continue.
  • Enter your gift card number and PIN, and click Connect with PayPal.
  • You May Like: Does Ulta Have A Credit Card

    Buy Discounted Gift Cards With Your Visa Gift Card

    Another smart tip to get cash from a Visa gift card is to use it to buy other gift cards, for a discounted value.

    If there is a retail shop or service that you frequent, you can use your Visa gift card to purchase a gift card specific to this place. Since this merchant is a part of your routine, utilizing a gift card there is as good as the money itself.

    That being said, most places accept Visa gift cards. After all, it can be used with similar flexibility to the actual Visa card except for instances of recurring payments, for obvious reasons.

    Already, by using your Visa gift card to cover one of your habitual expenses you have turned your Visa gift card into cash. What about if you up it a notch and look online for gift card deals at a discounted value?

    If you purchase a Walmart or gift card that is on a promotionally discounted value, using your Visa gift card, you would gain the cash equivalent value of the discount.

    Promotions can be up to 20% off the value of the gift cards sometimes. Therefore, by using your Visa gift card to buy another vendors gift card with a discounted value, you have not only mastered the art of how to turn Visa gift cards into cash but made money on top of it.

    Lets pause for a few seconds while you piece the fragments of your blown mind back together

    Not only do you get to turn Visa gift cards into cash by simply shopping at your usual outlets, but do it like a pro and make a few extra dollars along the way.

    Faq: What Is A Vanilla Visa Gift Card

    A Vanilla Visa gift card is a special line of Visa gift cards that are meant to be customized into an extra special gift. It basically takes the concept of gift card giving up a level as the cards can be designed specifically for the occasion or recipient that it is required for.

    There are thousands of design options to choose from including your personalized logo or image, making it a perfect gift for all occasions or as incentives by companies.

    Vanilla Visa gift cards also come in several denominations from $10 to $500 and never expire. They can be used in a similar manner wherever Visa gift cards are accepted.

    Unfortunately, birthdays, Christmas and special holidays come only once a year so your gift cards from those events may be few in number. However, there are many other avenues that pay out in the form of gift cards and specifically, Visa gift cards.

    Read Also: Cabelas Online Bill Pay

    How Do You Transfer Money To A Prepaid Card

    Once your prepaid card is setup with your bank, transferring money is simple. Go to the transfer page on your banks website, and select the amount you want to transfer, the account to transfer the money from, and your prepaid card account as the account to transfer money to.

    Can You Get Cash From A Vanilla Visa Gift Card

    How To Turn Visa Gift Card into Cash Using Paypal | Transfer GiftCard Money to Bank Account

    The short answer is not exactly, but the longer answer is it depends on the method you use. Vanilla Visa gift cards are the more popular choice for consumers since its easy to use.

    There is a difference between a Vanilla gift card and a prepaid reloadable one. The former cannot get cashback from local ATMs, while the latter does.

    What you can do is use a Vanilla card to transfer to PayPal or Venmo. Remember they take any prepaid card from Visa, which includes these gift cards.

    You can always check the balance to make sure everything is correct. Its as good a method as any to ensure you can cash from a gift card without having to use the gift card itself.

    You can also use exchange kiosks, although these might be in rare locations. The kiosks do take a fair amount of money from the fees, but they are the easiest method to get your cashback from the gift cards.

    If you can find any nearby grocery store with this machine, I highly recommend doing so. Its arguably one of the most dependable methods to transfer any Visa gift card to cash.

    You can even sell to any merchant in the local market but beware of transaction fees. If you plan on selling a smaller card, the costs dont really add up to anything noticeable.

    Visa gift cards with more considerable sums lose a good chunk through fees, so be careful when you consider this option. These fees vary depending on the vendors themselves. If they are too expensive, I suggest not going through with it and choosing another method.

    Don’t Miss: Cancel Credit Card Payment Chase

    How To Transfer Money From Gift Card To Paypal

    Well, this article seeks to explain to you how you can transfer money from a gift card to PayPal and spend it the way you want. No one likes limitations and as I have just mentioned above, some of them limit you to buy goods from specific stores or even related businesses. What if you do not find what you want to buy in the specified store? You will be forced to buy anything that may help you in one way or another, which is inconvenient.

    Gift cards are available at certain stores such as Walmart and Amazon. You can buy gift card online with a checking account or even visit a physical store where you can purchase yours. The reason businesses give out gift cards is that they want to create brand awareness, attract more customers, improve cash flows, and even generate useful data about certain commodities purchasing trends. This way, they can know what to stock in large numbers as well as what to stock in small quantities.

    Swap Gift Card For Cash

    A simple way to exchange a gift card for cash is to swap the card for the cash amount. You may have friends or family members that need to buy something and can use that specific gift card towards it. As they were going to spend the money anyway, they could just use the gift card instead of cash.

    This is a win for you as you now have the cash in your bank account to use yourself.

    Offering this deal to friends and family may work better when you know specific events are happening that usually include gift-giving. This could be Christmas, birthdays, weddings, etc. At these times ask around to see if anyone can make use of a gift card in exchange for the cash.

    One reason people may decline is that the gift card balance isnt high enough. For example, the gift card balance is $50 but they plan to spend $100. This is OK. Simply let them know that retailers can usually do a split tender transaction. A split tender transaction means part of the balance is paid using a gift card and the rest can be paid with cash.

    Swapping a gift card for cash in this way is a great method as it means you get the full amount of cash. That cash can now be used for savings, investing, or paying off debts.

    Read Also: Cabelas Visa Silver

    More articles

    Popular Articles