3 Ways to Transfer Visa Gift Card to Bank Account Easily

You can transfer visa gift card to bank account in a variety of ways. Three of these are discussed in this article. Hopefully, you will find one that suits you.

The 3 methods/platforms through which you can send visa gift card to bank account are:

1. By using MoneyGram
2. Through PayPal
3. With Venmo

Below is a detailed discussion on how to achieve this.

(1.) Using MoneyGram to Send Visa Gift Card to Bank Account.

MoneyGram is the world’ second-largest money transfer service provider. They are safe, quick, inexpensive, and most importantly, dependable.

Visit the MoneyGram website and follow the steps below to send money from a Visa gift card to your Bank account within a few minutes.

1. Register/Login to your MoneyGram account.
2. Select “Send Money” and enter your payment information.
3. Ensure that the bank account to which you are sending the money is connected to your Visa gift card.
4. Enter the Bank Information

Here, enter:

• Name of the Receiver
• Address
• Card details

5. Click “Next” to complete the money transfer process.

Note: MoneyGram will charge you a service fee of about $1.99 for transaction you make on their platform.

Additionally, there is a cap on MoneyGram money transfers. Online money transfers are limited to $10,000 per transaction.

(2.) Transfer Visa Gift Card to Bank Account via PayPal.

Since PayPal allows you to add prepaid cards, including Visa gift cards, to your PayPal wallet, doing this is as simple as adding your card and moving the balance to your own account.

You then have the choice to move the funds to one of your linked accounts. Just bear the cost in mind.

Below are the steps to transfer a Visa Gift Card to a bank account:

1. Create a PayPal account or sign in to your existing account.
2. Choose “wallet” from the drop-down menu at the top of the page.
3. On the left side, there is an option to “Link a Card or Bank.” Click it to proceed.
4. Include the information for your Visa gift card when PayPal asks for the pertinent information. Next, select “Link Card.”

(3.) Use Venmo to Transfer Visa Gift Card to Bank Account.

With Venmo you can transfer Visa gift cards to a bank account within three working days if not sooner using the existing balance on your Venmo account. Good enough, Venmo charges no service fees for transactions.

To move Visa Gift Card to Bank Account using Venmo, kindly follow these steps:

1. Install the Venmo app and
2. Create a personal Venmo account.
3. The “Add gift card” option would be shown. Just click it.
4. Enter your payment and bank information and click “Send.” Your transfer would then be completed.

Conclusion

Due to their versatility and accessibility, Visa gift cards are used more frequently by students and businesspeople alike. However, because the card can be loaded by anyone, it is frequently necessary to transfer the funds on gift cards to the bank in order to obtain cold hard cash.

Sadly, many people are unable to transfer visa gift card to bank account due to whatever reason hence we provided this guide. I hope that going forward, from what you’ve learned in this article you will be able to transfer money from your visa gift card to your bank account with ease. From the options listed and discussed in this article, choose the one most suitable to you and use it. For more money-related articles, see our section on Finance.