If you have an unused gift card, there are a few methods to transfer the balance to your bank account.
Just use online gift card exchange websites or mobile payment apps to quickly and seamlessly convert your gift card funds into cash.
These strategies offer practical solutions for maximizing your gift card treasures.
Do This First – Check Your Gift Card Balance
We recommend you do this before we explain how to transfer gift card balances to any bank account.
-Team GiftCardsBUX
To determine the remaining funds on your gift card, log into the designated online portal or call the customer service number provided.
Once you access your account, navigate to the gift card section, where the balance should be displayed prominently.
If you prefer calling, ensure you have the gift card number and any other required information ready for a quick balance inquiry.
4 Best Methods to Transfer Gift Card Balance to Bank Account
Learn the best 4 methods on how to transfer your gift card balance to a bank account with step-by-step instructions.
#1.Method: Use a Gift Card Exchange
If you want to convert your gift card balance into cash, consider utilizing a gift card exchange service.
These platforms allow you to sell unwanted gift cards for a percentage of their value, usually around 70-90%.
To use a gift card exchange, you typically need to create an account, input your gift card details, and wait for offers from buyers.
Once a deal is made, you can receive your payment via various methods, including direct deposit to your bank account.
Some popular gift card exchange services include Raise, CardCash, and Gift Card Granny.
Make sure to read reviews and compare rates to get the best deal for your gift card.
#2.Method: Sell Gift Card Online
Consider selling your gift card online to convert its balance into cash quickly.
There are various online platforms where you can sell your gift card for a percentage of its value.
Websites like Raise, Cardpool, and Gift Card Granny allow you to list your gift card for sale, attracting potential buyers to purchase it at a discounted rate.
You can receive payment through various methods such as direct deposit, PayPal, or check.
Make sure to research the different platforms to find one that offers a fair price and has a good reputation for secure transactions.
Selling your gift card online can be a convenient way to get cash for a gift card you may not use.
#3.Method: Transfer to PayPal Account
You can quickly transfer your gift card balance to your PayPal account to quickly access the funds.
To do this, log in to your PayPal account and navigate to the ‘Wallet’ section.
Then, select ‘Link a card or bank’ and enter your gift card details as if you’re a credit or debit card.
PayPal may require you to verify the card by confirming a small amount charged to the card.
Once verified, you can transfer the gift card balance to your PayPal account.
Remember that PayPal may charge a fee for this service, so check their fee schedule.
This method offers an easy and hassle-free way to use your gift card funds for online purchases or transfer them to your bank account at a later time.
#4.Method: Utilize Mobile Payment Apps
Discover the convenience of mobile payment apps to manage your gift card balance efficiently.
Mobile payment apps like Venmo, Cash App, and Google Pay offer quick and seamless ways to transfer your gift card funds to your bank account.
Link your gift card to the app, enter the amount you wish to transfer and initiate the transaction.
These apps often provide instant transfers, allowing you to access your funds without any delays.
Some mobile payment apps allow you to transfer your gift card balance directly to your bank account, making it easy to access your funds.
Take advantage of these user-friendly platforms to maximize your gift card funds.
Frequently Asked Questions
Let us discuss and answer some of the commonly asked questions
Q.1. Can I Transfer a Partially Used Gift Card Balance to My Bank Account?
ANS: Yes, you can transfer a partially used gift card balance to your bank account.
To initiate the transfer, it’s essential to check with the gift card issuer for specific details and procedures.
Q.2. Are There Any Fees Associated With Transferring Gift Card Balance to a Bank Account?
ANS: YES, some platforms may charge a small fee for this service, so review the terms beforehand.
Checking for any associated fees before transferring the gift card balance to your bank account is crucial.
Q.3. What Happens if the Gift Card Balance Exceeds the Bank Account Transfer Limit?
ANS: If the gift card balance exceeds the bank account transfer limit, you may need to contact the gift card company for alternative options.
They can guide the best way to handle the surplus amount.
Q.4. Is There a Maximum or Minimum Amount Required to Transfer Gift Card Balance to a Bank Account?
ANS: You can transfer gift card balances to a bank account, but make sure to check for any minimum or maximum amounts required by the service provider.
Always check the terms and conditions to ensure a successful transfer.
Q.5. How Long Does It Typically Take for the Gift Card Balance to Be Transferred to a Bank Account?
ANS: Typically, the gift card balance takes 1-3 business days to be transferred to a bank account.
The process may vary depending on the gift card and bank policies, but it’s generally a quick transfer.
Conclusion
Now that you have learned how to transfer your gift card balance to your bank account, you have multiple options to choose from.
Whether you decide to sell your gift card online or use a mobile payment app, you can easily access the value of your unused gift cards.
Make sure to check your gift card balance, explore different exchange options, and select the method that works best for you.
Enjoy the convenience of turning your gift card into usable cash!