How To Transfer Money From PrePaid Card To Bank Account [Using Card Website]

Technological advancement has brought banking to an online platform, as work that could have been done manually at a bank location is now done online through mobile apps or bank website. 

Transferring money from a bank account to a prepaid card  is usually a straightforward process that can be completed in a few simple steps.

A prepaid card is a payment card that you load with money before you can use it. It's like a gift card or a pay-as-you-go phone card, but you can use it for more than just making purchases.

You can also use it to withdraw cash at ATMs, pay bills online, and transfer money to other accounts. Prepaid cards are not linked to a bank account, so you can't overspend on them. They're a good option for people who want to control their spending or who don't have a bank account.

In this article, We will guide you on how to transfer money from prepaid Card to bank account

Can I Transfer Money From PrePaid Card To Bank Account?

Yes, you can transfer money from a prepaid card to a bank account. The specific steps will vary depending on the prepaid card issuer and the bank.

Check your prepaid card's terms and conditions before initiating a transfer to make sure your prepaid card allows transfers to bank accounts. Some prepaid cards may restrict transfers or charge fees for this service.

You will need the following information before you can be able to initiate a transfer from your bank account to a prepaid card online.

• Your prepaid card number and expiration date
• The amount you want to transfer
• Your bank's routing number and account number

How To Transfer Money From A Prepaid Card To Bank Account

Transferring money from prepaid can be a very straightforward process if your Prepaid or your bank accept such transfers. Always check the terms and condition of your prepaid card before initiating a transfer.

Before your can be able to transfer money from your prepaid card to bank account, you have to link up your Prepaid card to your bank account. You can do this by linking your bank details to the prepaid card issuer's website (your bank's routing number and account number) or linking your prepaid card details (prepaid card number and expiration date) to your bank mobile app or banking website.

Here are the steps on how to transfer money from a prepaid card to a bank account through the prepaid card issuer's website:

1.  Log in to your prepaid card account on the issuer's website or mobile app.
2. Click on the "Transfer" or "Withdraw" tab.
3. Select the option to "Transfer to Bank Account".
4. Enter your bank's routing number and account number.
5. Enter the amount of money you want to transfer.
6. Click on "Review" to review the transfer details.
7. Click on "Submit" to confirm the transfer.

The transfer will usually take 1-3 business days to complete. You can check your bank account balance to see if the transfer has been completed.

In Case where your prepaid does not support bank transfers, you can utilized the service of a third-party.

Use a third-party service: If your prepaid card issuer doesn't offer direct transfers to bank accounts, you can use a third-party money transfer service like PayPal or Zelle. These services may charge fees, but they often offer faster transfer times. All you need to do is to link your Prepaid card details to PayPal ( for example) and then transfer money from your Prepaid card to PayPal and then from PayPal to bank account.

How Do I Withdraw Money From PrePaid Card?

You can withdraw money from a prepaid card using multiple methods, including ATMs, cash back at retail stores, and bank-to-bank transfers. See details below:

Withdrawing Money from ATMs:

1. Locate an ATM: Find an ATM that supports your prepaid card network (e.g., Visa, Mastercard).
2. Insert your prepaid card: Insert your prepaid card into the ATM slot and follow the on-screen instructions.
3. Enter your PIN: Enter your four-digit PIN to access your prepaid card account.
4. Select the "Withdraw" option: Choose the "Withdraw" option from the main menu.
5. Enter the desired withdrawal amount: Enter the amount of cash you want to withdraw, ensuring it doesn't exceed your available balance or daily withdrawal limit.
6. Confirm and collect your cash: Confirm the transaction and collect your cash from the ATM dispenser.

Cash Back at Retail Stores:

1. Make a purchase at a participating retailer: Select a retail store that offers cash back with prepaid card purchases.
2. Inform the cashier: Inform the cashier that you would like cash back with your prepaid card purchase.
3. Enter your desired cash back amount: Specify the amount of cash back you want, typically limited to a maximum amount per transaction.
4. Complete the purchase: Complete your purchase as usual, and the cashier will provide you with the cash back amount along with your receipt.

Bank-to-Bank Transfers:

Check transfer eligibility: Ensure your prepaid card allows transfers to bank accounts. Some prepaid cards may restrict transfers or charge fees.

After linking your routing and account number to your Prepaid card account, you can transfer money from your prepaid card to bank.

Conclusion

A prepaid card is a payment card that you load with money before you can use it. It's like a gift card or a pay-as-you-go phone card, but you can use it for more than just making purchases.

You can also use it to withdraw cash at ATMs, pay bills online, and transfer money to other accounts. Prepaid cards are not linked to a bank account, so you can't overspend on them. They're a good option for people who want to control their spending or who don't have a bank account.

To transfer money from prepaid card to bank account, you have to link up your prepaid card to your bank account or in case your card does not support bank transfers then you have to utilized the service of a third party provider.

You can withdraw money from Prepaid account through ATM, cash back at retailers stores or initiate a bank to bank transfer.