If you’re like me, you probably have a Vanilla Visa or Mastercard for those times when you don’t want to use your regular bank card. But what do you do when you need to transfer money from vanilla gift card to bank account?
It’s actually not as hard as it seems! In this post, I’ll walk you through the steps of how to transfer money from a vanilla card to a bank account.
Basically, you can’t transfer the funds directly from your Vanilla gift card to a bank account. However, you can use different methods for this process. Let’s take a look
5 Ways to Transfer Money from Vanilla Gift Card to Bank Account
By Using PayPal
If you want to transfer money from your Vanilla card to your bank account, you’ll need to add the card to PayPal. You can do this by linking the card to your PayPal account. Once the card is linked, you’ll be able to select it as a funding source when you make a withdrawal from PayPal.
Linking Vanilla Card to PayPal:
To link your Vanilla card to PayPal:
- Log in to your PayPal account.
- Click on the “Wallet” tab at the top of the page.
- Click on “Link a debit or credit card.“
- Enter the information for your Vanilla card and click “Save.“
- Your Vanilla card will now be linked to your PayPal account!
Withdraw money from PayPal to your Vanilla Card:
Once you’ve linked your Vanilla card to PayPal, you can withdraw money from your PayPal balance directly onto the card. This is a great way to get cashback from online purchases or to simply access your funds without having to go through your bank.
To withdraw money from PayPal to your Vanilla card:
- Log in to your PayPal account.
- Click on the “Wallet” tab at the top of the page.
- Click on “Withdraw Money.“
- Enter the amount of money you want to withdraw and select your Vanilla card as the withdrawal method.
- Click “Withdraw” and the money will be transferred to your Vanilla card!
You can also use this method to transfer money from your PayPal balance to a friend or family member’s Vanilla card. Simply enter their card number instead of yours when prompted.
By Using Venmo Account
If you’re using a Vanilla Visa gift card, you can add it to your Venmo account and use it just like any other payment method.
Linking card to Venmo Account:
To do this, simply link the card to your Venmo account following the instructions below:
- Tap the “…” icon in the top right corner of the home screen
- Tap “Settings“
- Tap “Payment Methods“
- Tap “Add Credit or Debit Card“
- Enter your card number, expiration date, and CVV code
- Tap “Save“
Withdrawing Money from Vanilla Card Via Venmo:
Once your card is added, you can use it to make payments just like you would with any other payment method on Venmo. Simply select your Vanilla Visa card as the payment method when making a payment.
Venmo also allows you to withdraw money from your account balance and transfer it to your linked Vanilla Visa card. This can be helpful if you need to access cash quickly or don’t have a bank account linked to Venmo. To withdraw money to your Vanilla Visa card, follow the instructions below:
- Tap the “…” icon in the top right corner of the home screen
- Tap “Settings“
- Tap “Bank Accounts & Cards“
- Tap “Withdraw Money“
- Select “Vanilla Visa” as the withdrawal method
- Enter the amount you want to withdraw and tap “Withdraw“
- Confirm the withdrawal by tapping “Withdraw” again
Once you’ve confirmed the withdrawal, the money will be transferred to your Vanilla Visa card within one to three business days.
Using Your Card to Pay Bills
Paying bills with your Vanilla Visa card is a great way to avoid interest charges and late fees. To do this, simply set up your card as a bill pay method with your biller.
Once you’ve done this, you can use your card to make payments just like you would with any other payment method.
To set up your Vanilla Visa card as a bill payment method, follow the instructions below:
- Log in to your biller’s website or app.
- Go to the “Payments” or “Billing” section.
- Add your Vanilla Visa card as a payment method.
- Enter your card number, expiration date, and CVV code.
- Choose whether you want to make a one-time payment or set up recurring payments.
- Enter the amount you want to pay and confirm the payment.
Once you’ve confirmed the payment, the funds will be deducted from your Vanilla Visa card balance and applied to your bill. Please note that some billers may charge a fee for using a credit card as a payment method.
Selling Your Card Via App
If you have a physical gift card, you can sell it via an app like Cardpool or Raise. To do this, simply download the app and create an account. Once you’re signed in, enter your gift card information and the amount you want to sell it for.
The buyer will then pay you through the app, and you’ll be able to transfer the money to your bank account. Please note that there may be a fee associated with selling your gift card.
Selling Your Card Via Website
If you have a physical gift card, you can also sell it via the Vanilla Visa website. To do this, simply enter your card information and the amount you want to sell it for.
The buyer will then pay you through the site, and you’ll be able to transfer the money to your bank account. Please note that there may be a fee associated with selling your gift card.