Friday, May 13, 2022

Can You Transfer Money From One Gift Card To Another

How To Transfer Money Using An Atm Card

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Toward an Automated Teller Machine , you can only transfer reserves between your accounts connected to a single ATM card or credit card. You would not transfer funds within unlinked bank accounts, between many banks, to a credit card, to another individuals account, or to pay bills. Although all ATMs fluctuate slightly, the general process is the same for all ATM transfers.

Step 1:

Visit an ATM. You dont fundamentally have to visit your banks ATM to transfer money. Whatever some banks require fees for using another banks ATM, in addition to your banks expense, the ATMs financial Organization might also charge a usage fee around $2 to $3 for non-account holders.

Step 2:

Next, insert your ATM card and follow the prompts to support you are the account holder. You typically require selecting a language and entering the cards Personal Identification Number .

Step 3:

After that, select the option Transfer credits or a similar entry. Any accounts connected with that debit or ATM card will be presented.

Step 4:

Confirm the account you desire to transfer money from the account and transfer it to another account. And you have to review for ensuring you have selected the correct statements.

Step 5:

Confirm the correct amount and accept any usage fees you may provoke for the transaction to proceed. Select complete to finalize the transfer.

Step 6:

Finally, receive the receipt and maintain it for your records and view the new balance directly on the ATM screen.

How To Transfer Money To Your Bank Or Eligible Debit Card

When you transfer money from your Apple Cash1 card, you can either use a bank transfer to send funds to your bank account in 1 to 3 days or you can use Instant Transfer2 to send funds instantly3 to an eligible Mastercard or Visa debit card.

You can also send money to an individual in the Messages app.

Turn Your Visa Gift Cards To Cash By Buying And Reselling Items

This may take a few extra steps to do but it may be the only other option on this list that lets you make money from converting your Visa gift cards to cash .

As mentioned, most stores treat Visa gift cards like credit cards. This means that you can generally use them to buy items at almost any store, so keep an eye out for things that are either heavily reduced or in high demand.

In both cases, theres a good chance you may be able to resell the item at a higher price than what you paid. This, in turn, will let you eventually get cash from your gift card.

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Can You Transfer Money From Gift Card To Bank Account

Of course, you can transfer money from most prepaid gift cards to your bank account using a service called CardCash.

There are some gift cards that are disposable and can only be used until the balance reaches zero while most prepaid cards are reloadable and can be used forever.

Thankfully, there is one proven way for transferring money from your gift card to your bank account.

You can use mobile payment services like CardCash to transfer your money from your gift card or prepaid to your bank account.

But the thing is, its more expensive than just using a gift card or prepaid card to buy items. So make sure that its really the cash value that you want from the gift card.

If You Didn’t Receive Your Transfer

Can i transfer money from one greendot card to another ...

Check your bank statement to see if the transfer has been processed and deposited into your bank account. Bank transfers aren’t deposited on bank holidays or the weekend. See holidays observed by the Federal Reserve on federalreserve.gov.

If you don’t receive an Instant Transfer after 2 hours, or you don’t receive a 1 to 3 business day transfer after 3 business days, contact us.

If you think that you entered the wrong bank account or routing number, contact us.

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Trade For Cash Using A Gift Card Exchange Kiosk

Gift card exchange kiosks are located in supermarkets and shopping malls and are typically bright yellow in color. They can be easily located by doing a quick search engine look up. These can be easily used to get cash from a Visa gift card.

Once you have identified a kiosk, you can follow the prompts on the screen to enter your gift cards information. Eventually you would receive a series of offers as a trade for your card.

If you wish you can select the cash offer, if one is presented and to your liking. A voucher would then be issued to you to take to the cashier to redeem for cash.

Though you would not be capitalizing on the full cash value of the gift card, the bottom line is you can get money off a Visa gift card by using a Gift Card Exchange Kiosk.

We have made it even easier to find a Gift Card Exchange kiosk to convert your Visa gift card to cash. Just use our Gift Card Exchange Kiosk Zip Code Search below!

All you need to do is enter your zip code in the search box and hit the button to find the Gift Card Exchange Kiosk nearest to you, ranked by real Google Reviews.

Use It Before You Lose It

If you dont use a gift card within the first few months of receiving it, chances are, you simply wont use it at all. For whatever reason, the gift card doesnt work for you. Rather than hold onto an unwanted card indefinitely, put the gift card to use in another way. You may get cash back, presents to be given later, or good feelings that youll never forget.

Worried the gift card you bought will become someones unwanted gift card? Never fear. You cant go wrong if you follow my advice on How to Pick the Perfect Gift Card Every Time.

Happy Gift Carding!

~Shelley Hunter, Gift Card Girlfriend

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How To Send Money To Debit Card Instantly

Were operating a private beta for Connect users to have money transferred to a debit card instantly. Like Kickstarter, Postmates, Instacart, and TaskRabbit, many marketplaces connect to get their sellers returned. Rather than owning to collect bank account numbers or having sellers wait on their funds, marketplaces can now practice instant debit card transfers to perceive sellers delivered faster.

When we could assign money to debit cards for a while, funds used to catch two to three days. Presently, they are instant. The functionality will be limited to U.S. cardholders, to create with and not all banks support this yet. We currently have coverage for 64% of the U.S.A. banks, including Bank of America and Chase. Money can still be transferred to unsupported banks, but it will take a day to succeed rather than being instant.

So Many Questions About Gift Card Balances

Card-to-Card Transfer

I get many questions about gift card balances and how to use the last little bit thats left over after a major purchase. The answer depends on the type of gift card you have. Store and restaurant gift cards are different from Visa and Mastercard gift cards, so I have to treat these questions differently. In the blog post below, Ill answer these main questions:

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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.

Buy Things To Donate With Gift Cards

Rather than give the gift card itself to a worthwhile cause, see if you can buy something to donate instead. For example, if the school year is about to begin, buy a new backpack and some school supplies for a foster care organization. If you have a sporting goods gift card, consider buying new soccer balls, ping pong paddles or kick balls to donate to a youth after school club. If you have a clothing store gift card, buy new clothing items to donate to a womens shelter. Buy batteries and copy paper for the school. Buy hand sanitizer for teachers. Buy cereal for the local food bank, etc. If youre willing to shop in order to give something away, there should be ample opportunity to do so.

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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
  • Use It To Buy A Money Order

    Can u transfer money from one greendot card to another ...

    Stores like Walmart as well as certain grocery stores will let you buy money orders using your Visa gift card. That said, the availability of this can vary, so check if this is an option in your area.

    But once youve done this, the money order can then be deposited into your bank account to be used as straight up cash.

    One thing you should keep in mind, however, is that some banks have had a habit of shutting down accounts if too many money orders are deposited. As such if you do choose to do this, perhaps combine it with some of the other options on this list.

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    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 can be completed within a few hours or on the same business day.

    For most banks though, it usually takes a few business days before you see the money in your account.

    For example, if you have a Bank of America prepaid card and you are doing a transfer to your bank account for the first time, this could take up to 7 business days.

    This is because you must create a new transfer-to account online, which can take up to 5 business days to authenticate.

    After that, it can take another 2 business days to receive the money in your account.

    If you use the MoneyGram method though, the money will arrive in your account within the same day. Even new accounts take less than a day to be verified.

    Use The Reselling Method With Your Visa Gift Card

    With the reselling method, you can buy something with the Visa gift card from a store and then sell the item online to earn cash. Since this takes a few more steps, I put this one last on the list.

    To make this work, you have to purchase an item from a store and resell it. Most of the time, sellers will find items that are marked down at stores such as Walmart or Target and sell them online for a slightly higher price for profit. This normally happens after the holiday season when stores mark downs items.

    Make sure to see what items are popular to sell online and then put the item for sale on places such as Amazon. This is called becoming an Amazon FBA seller.

    A lot of time people will purchase the items for a discounted price and are able to sell the item for a higher price on Amazon. There are a lot of sellers making greatmoney doing this side hustle, and it could be a way for you to convert Visa gift cards to cash.

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    Bank Of America Cashpay Card

    If you have a Bank of America CashPay Card, whether it is a Visa or Mastercard, you can transfer funds to your bank account. If you have an originally-issued CashPay card, it is possible to perform an online funds transfer to a traditional United States savings or checking account that you own.

    You have to pay corresponding fees and a minimum of $20 may be transferred.

  • Go to the CashPay Customer Service website www.bankofamerica.com/cashpay.
  • Register a transfer-to account before performing your first transfer. You can only have up to two transfer-to accounts in your profile.
  • After registration, you can sign in and select the Transfer funds link within your online Account Summary page.
  • It takes 5 business days for your new transfer-to account to be authenticated before the transfer will be made.
  • Add It To Your Paypal Wallet

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    PayPal lets you add prepaid cards, including Via gift cards, to your PayPal wallet. What this means is that youre then able to treat the balance like cash, by using it to purchase things from any merchant that accepts PayPal which is most major ones, these days.

    How can I get money off of a gift card through PayPal?

    To get money from a Visa gift card to PayPal accounts, just do the following:

  • Log in to your PayPal account.
  • Select the Wallet option at the top of the page
  • There should be an option on the left to Link a card or bank. Youll be able to find this under any existing cards or banks you have linked. Click this and continue through the prompts.
  • When you get to the point where PayPal asks you for the relevant information, add your Visa gift card details. Then click Link Card.
  • Theres a chance that you may get an error when trying to do this. If that happens to you, you may have to first register the card with the issuer so an address is linked to the Visa gift card. After that, PayPal should have no problem accepting it.

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    Donate Unwanted Gift Cards

    Fundraising committees for schools, churches, clubs, and charities are always in need of gift cards that can be redeemed for supplies, auctioned at fundraisers or given as prizes. Raffled individually or packaged into a gift basket, the gift card you dont want could net hundreds of dollars for a worthy cause. Gift card donations to nonprofit organizations may also be tax-deductible.

    Here is a post on easy ways to use gift cards at fundraisers.

    Can I Sell A Visa Gift Card To Other People

    Yes, if you choose to, you can definitely sell a Visa gift card that you have and dont want to other people. Places such as Facebook Marketplace and Gift Cash let you sell your unwanted gift cards and get cash for them.

    You can even sell them to your family and friends if you dont want them. If selling online isnt your thing, try asking family or friends if they would be interested in your Visa gift card.

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    Convert Your Visa Gift Card To Cash By Selling It To A Website

    There are plenty of websites that will pay cash for your Visa gift card. In addition to the ones mentioned above that have apps for this, there are also others like Gift Card Granny, CardCash and more.

    If your gift card is digital, then the process can be instantaneous. But even if you have a physical card, some of these sites will pay for your postage to send them the card, so you wont end up losing any money on that front.

    Like with the apps, the sites will take a fee based on a percentage of the balance of the card, so make sure you know just how much this is before agreeing to the sale.

    Also, it can be a good idea to do some searches for the site youre considering using, just to get the most up to date reviews on whether other people have had a good experience with them.

    Can I sell a Visa gift card to other people?

    You can definitely sell a Visa gift card to other people, but youre probably going to have to accept less money than the balance on the card to make it worth their while to buy it from you.

    Sites like eBay or Craigslist will work perfectly for these kinds of arrangements. Make sure you keep in mind shipping costs if youre selling a physical card and, as always on these kinds of sites, keep an eye out for any scams. If something sounds too good to be true, it probably is.

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