![]() How much it might cost differs by issuer, as well as the way you instigate the action. There are a number of fees associated with prepaid cards, and many will assess a charge for you to shift a balance from the card. However, the first transfer you make will likely take longer because the company will have to authenticate the bank account you linked. If it does, you can conduct many card functions on the go, including transferring the cash from the card and having it deposited into a designated bank account.ĭepending on the prepaid card issuer, the money will be in your account almost immediately or within a few business days. These are best for maximum flexibility and convenience, so check to see if the card issuer has one. Many prepaid card companies have apps you can download and use. After that you can initiate the transfer via the website. For example, with the Netspend® Visa® Prepaid Card, you would link your bank account by entering the routing and account numbers. The process to transfer funds for most prepaid cards is basically the same from one company to the next. It should explain the various ways you can access the money, from making a cash withdrawal at an ATM to transferring the money from the card and directing it to your checking or savings account. To know if yours does, visit the company’s website. Transfer money using the card’s appĪlmost all issuers of general-purpose prepaid cards allow you to withdraw money. Here’s how you can transfer the money from a prepaid card to your bank account. In either case, there may be a time when you want to extract the cash from the balance instead of using the cards to pay bills or buy products and services. Retailers like Starbucks, Amazon, Macy’s and Best Buy offer prepaid gift cards you can use to make purchases at their stores. Companies such as Visa, Mastercard, Discover and American Express issue debit cards you can buy, load with funds and use almost anywhere. You’ve got money! And it just happens to be on a prepaid card.
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