Many countries use prepaid cards for their citizen’s financial activities. In the US, a prepaid card is one of the common methods to perform payments and various money transactions. Therefore, it is a common thing that a new user of prepaid cards wonders how to send money from prepaid cards to a bank account.
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While sometimes there is not much information provided about this explanation. So that this article will help to show what are the steps to perform the money transfer from your prepaid card to your bank account. For more details of information, the following paragraphs will give an overview.
The benefit of Prepaid Card
A prepaid card is a card with many benefits for the user. In some countries such as in the US, a prepaid card can be a benefit to using as a payment method, receive funds from the government, and also for shopping groceries or daily needs. Therefore, the presence of this card is important for many US citizens. Since the card is a much easier way to perform various payments rather than bringing cash everywhere.
Related to this prepaid card, there are many things also being a consideration. Such as how to use it for payment, how to shop with the card, and then how to send money to a bank account. Since some people sometimes need cash rather than the amount of money inside it.
Can You Send Money to Bank Account from Prepaid Card
Before jumping into some steps of how to send money from a prepaid card to a bank account, it is necessary to understand whether this activity is possible. For information, sending money from your prepaid card to your bank account is possible to perform. However, you will need to do some steps so that this can be performed easily.
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Therefore, anyone who plans to withdraw some cash from a prepaid card will possibly perform it. One of the ways is by sending the amount of balance to your bank account. So that later on you can withdraw the money and use it for another purpose which may not be able to perform through the prepaid card. For further information, related to the steps, the following paragraphs will give a clearer overview.
How to Send Money from Prepaid Card to Bank Account in Specific Steps
There are commonly two types of prepaid cards, general prepaid cards, and prepaid gift cards. To manage to transfer some amount of money to your bank account, you need to make sure the type of your prepaid card. Since it will give you different steps to transfer the balance to your account. The details of each type of prepaid card will be the following.
General Prepaid Card
If you hold a general prepaid card, then you will be able to send money to your bank account through Money Gram. Therefore, you need to sign up for this site so that you will be able to perform the money transfer. The signup process is very easy since you only need to put your complete data mainly your email and password to create an account.
Once you are successfully signed in to the Money Gram, you can directly go to the page of sending money and search for more detailed steps to perform. On this page, you will be required to enter the amount of money to transfer. Then you are also requested to select the card and perform a bank deposit. After that, you will need to fill in all the information related to your bank account. So that the money transfer will not be wrong and can be performed accordingly.
After finishing all details about your bank account, then you will see the next button to perform the money transfer. Simply click this button and then your money transfer from your prepaid card to your bank account will be performed directly. Usually, it takes less than a day to perform the transfer and you can directly see the money appear in your bank account balance.
Prepaid Gift Card
If you hold a prepaid gift card, then you shall sell the card first through some e-commerce or online websites such as Card Cash. To perform this activity is also easy. You need to create an account in Card Cash and then get offered from your prepaid card. If your prepaid gift card is bid with some amount, then you can continue the payment.
Usually, you will receive the payment through PayPal. Therefore, this can be done if you connect your Card Cash with your PayPal account. Then once the money is received in your PayPal account, you can easily withdraw the money to your related bank account.
Download Transfez App
Transfez App can help you transfer money abroad more quickly and efficiently. Transfez Business can also help your business in making transactions abroad. For those of you who want to send money to relatives who are abroad because they are studying, working, or traveling, Transfez will be ready to help. This app is available on Android as well as iOS.
Those are all the information on how to send money from a prepaid card to a bank account. With the above explanation, now you can freely be sending money to your bank account from your prepaid card. So that in case you need to withdraw money or plan to save some amount of money from the prepaid card, it can be performed easily without further problems.