Best Simple Ways To Transfer Visa Gift Card To Bank Account In Shorter Time

Are you asking the Best Simple Ways To Transfer Visa Gift Card To Bank Account In Shorter Time? See the answer on this information provided below.

A lot of people have found transferring visa gift cards to banks very challenging and even not achievable to some people.

The benefits of visa cards cannot be over-emphasized, because it has saved individuals the stress of carrying cash around and going out of the budget with their expenses because they can load their cards with a set amount of funds that can carry their purchases for a longer time. 

Having enough money in visa cards and no cash, it becomes relevant to transfer the visa gift cards to a bank account. This allows you to spend the cash when the need arises.  

Going through this content, You will be able to understand the steps involved in transferring visa gift cards to banks and giving you a clearer knowledge of what visa card is all about.

What To Know About Visa Gift Card?

A Visa gift card is a prepaid card loaded with a precise amount of money serving the objective of multiple purchases for as long as funds remain in the card, and for the benefit of handling expenses.

It is very suitable to be used all over the world. At a point, it can be used even without a bank account. All you need to do is to request a card, provide the money you want to be loaded onto it – and there you go.

Uses Of A Visa Card:

  • Purchase products and services both online and offline
  • Pay for trips 
  • Control reckless spending
  • Help spend money on a budget
  • A perfect gift for friends
  • Shopping spree
  • Sending monet to loved ones 

Can Visa Gift Cards Money Be Transferred To Bank Accounts?

The answer is Yes. Money from a visa gift card can be transferred to your bank account. Transferring visa gift cards to bank accounts, it is necessary you apprehend what type of prepaid card you have.

Fundamentally, Visa gift cards are the exact as Visa credit cards in usage. Although you can transfer a visa gift card to a bank account, Using it directly may still not be possible.

Two Types Of Card

1. Prepaid Debit Card – This is a gift card very convenienr=t to use anywhere you find yourself at all times. It is not confined to a location. And it is readily available to both Visa and Mastercard.

Connecting it to a bank account makes it easier to transfer visa gift cards to a bank account. You have to load money in order to carry on spending. Paying any monthly charges or withdrawal rates isn’t needed.

2. Prepaid Credit Card – This is a prepaid plastic card that has a limitation to it. The credit card is limited to spending and payments after a particular amount is spent. And this payment is made at a designed time.

Having explained these two types of prepaid cards well, It can be easily identified which type allows you to transfer visa gift cards to a bank account.

Sucessful Terms and Condition To Transfer Visa Cards To Bank Account

Expiration date – Very important ensuring your card isn’t expired. Check your card to know when it expires or else transferring money would not be possible

Not Transferrable – Very accurate there are some cards that are nontransferrable. It won’t feasible for others to use them. Ensure yours isn’t one. 

Dormant Card – Unused card for a long period then a fee may be attached to you for inactivity. Important to check out to avoid charges when you transfer gift cards to your bank account.

Adequate Funds – Ensure there is enough money in your gift cards before going ahead to transfer so you do not be like Most Individuals who end up spending more on charges and fees transferring money from the gift card to the bank account than the balance in the gift card.

How to Transfer Visa Gift Card to Bank Account

There are numerous ways to convert gift cards to cash. Some of these ways allow you to get cash at the end while others may allow you to spend with the cards as you can spend cash.

If your intent is to transfer your gift card to your bank account, try the following ways below:

Using MoneyGram To Transfer Visa Gift Card To Bank Account

MoneyGram is the second-largest money transfer company. They have stood out to be fast, inexpensive, dependable, and most notably safe to use.

Steps In Using MoneyGram For Transfer

1. Create an account at MoneyGram for signing up

Opening the MoneyGram website, click the ‘Sign up’ button, fill in your email address, provide a strong password and sign up. 

Go to your email and verify that you’ve successfully created an account.

2. Click ‘Send Money’ at the MoneyGram website

Look closely at the top menu bar of the website, click the ‘Send money’ icon and it would take you to a page where you are required to fill in the payment details. Which includes;

  • Amount to be sent
  • Select Debit or Credit card
  • Select the ‘Account Deposit’ or ‘Debit card deposit’ option.

Ensure that your visa gift card is linked to the bank account you are sending the money to.

3. Fill in Bank Details

You’d be taken to a page where you’d fill in your bank details after sending the payment information. Here you’d enter;

  • Receiver’s Name
  • Address
  • Card information

After documenting this information, click ‘Next’ and your money transfer would be processed. Viola!

In a short while, you’d have transferred money from your visa gift card to your bank account. 

Worthy of note is that MoneyGram charges a fee based on the amount you’re sending. And surprisingly, their fee is ridiculously cheap. $1.99 for amounts less than $200. For amounts above $200, it charges $1.99 + 1% of the transferred amount..

You are not limited when transferring money through MoneyGram. The only limit for sending money online is $10,000 per transaction.

When the need to send more funds arises, all you have to do is visit that in person by any MoneyGram agent store close to your location.

Using Paypal To Transfer Visa Gift Card To Bank Account

Using Paypal is efficiently achieved by adding your card to your PayPal account and transferring the balance to your own account because Paypal allows you to add prepaid cards, including Visa gift cards to your Paypal wallet.

So doing, you have the chance of transferring the money to your own linked account. Just keep in mind the fee. 

Steps In Using Paypal To Transfer Visa Gift Card To Bank Account

  1. Create a PayPal account and if you already have one, just login to your Paypal account. 
  2. Select the ‘wallet’ option at the top of the page.
  3. You’d see a ‘Link a Card or Bank’ option at the left side. Click it and continue.
  4. When you get to the point where PayPal asks you for the relevant information, add your Visa gift card details. Then click ‘Link Card’. 

Having any challenges after this process, all you have to do is go back and make sure your visa gift card is registered so you can have an address is linked to the card. Achieving this, then PayPal would not have a problem accepting your card. 

Using Venmo Transfer Money from Visa Gift Card to Bank Account

Visa gift cards to a bank account using Venmo. Venmo is somewhat analogous to PayPal and you can put your card balance in your Venmo account.

The most useful thing about using Venmo to transfer money is that Venmo doesn’t charge any fee to transfer money from your Venmo account to your bank account. Cool right?

Except you opt-in for the ‘Instant transfer’ option. Otherwise, it should take three working days for the money to arrive in your account.

Steps In Transferring Money Using Venmo

  1. Downloading the Venmo app
  2. Open a Venmo account for yourself 
  3. You’d see the ‘Add gift card’ option. Click on it.
  4. Put in your payment and bank details and send. And your transfer would be done.

Purchase Of Merchant Visa Gift Cards with your Visa Gift Card

Still clung on how to transfer visa gift cards to your bank account, try out this effortless method.

Merely just use your Visa gift card to buy other gift cards in stores that do not accept them. This way, you can spend your money on items in this shop.

This method is fantastic for individuals who plan to change Visa gift cards to cash to get a caffeine hit. Stores like Amazon, Walmart, or even Starbucks are top shops to convert gift cards to cash.

Using Square To Transfer A Visa Gift Card Balance To Your Bank Account

Using Square is another chance that permits you to transfer a Visa gift card balance to bank accounts. Nevertheless, it demands paying a percentage of the amount you intend to transfer.

Steps In Using To Transfer A Visa Gift Card Balance To Your Bank Account

1. Activate your Visa Gift Card Online

On your Visa gift card, there is a website. All you have to do is log into the site to activate your visa gift card. Most times, your Visa gift card may come pre-activated already. in This case, kindly jump to step two.

2. Confirm your Visa Gift Card balance

You can do this on the website or by simply contacting the number on the card. Those who issue Visa gift cards would likely ask for a fee to check the balance.

3. Spend the Money Quickly

If you wish to transfer your gift card balance to a bank account, you should do it as soon as possible.

This is to eliminate the monthly fees charged on your visa card once you have a balance.

4. Sign up on Square

You need your name and email to sign up on the square. Basically, this can be done via the app or on its website.

You will be asked to input the following details – the type of business, how you plan to use square, estimated annual revenue. Finally, you need to confirm your email address.

Linking your bank account most times takes up to two days. Once it is successful, Square will now deposit your Visa gift card balance into your bank account.

If you need an immediate transfer of visa gift card balance to bank accounts, this option may not be the best. Read up and find the best method for you.


Many individuals all over the world use Visa gift cards for various reasons owing to their flexibility and easy access. Besides, since the card can be loaded by anyone, Oftentimes, the funds in the gift cards are often needed to be transferred to the bank for cold cash.

Definitely, the options on how to transfer a visa gift card to the bank account listed here can help you greatly in transferring money from your visa gift card to your bank account.

All you need to do is just go with an option that is easier for you and has less fee charge and all the money in your visa gift card is all yours. 


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