7 Ways To Transfer Visa Gift Card To Bank Account



Everyone loves getting money as a gift. When you receive a gift card, you’ll want to know ways to transfer it to your bank account so that you can use the funds with ease. Luckily, there are many different ways that you can do this.

 Here are 7 ways to transfer a Visa Gift card to your bank account:

  1. Transfer funds to PayPal.
  2. Transfer funds to Venmo or similar apps.
  3. Use a gift card selling app.
  4. Use the gift card on a money order.
  5. Pay yourself.
  6. Try an exchange kiosk.
  7. Transfer funds to Square.

You’ll want to choose a method that’s comfortable for you. I recommend that you keep reading, so you can learn about all the options you have available to get those gift card funds into your bank account. Here’s everything that you need to know.

1. Transfer Funds to PayPal

One of the easiest and fastest strategies to get the Visa gift card money in your bank account is PayPal. If you’ve completed online transactions in the past, the odds are that you have a PayPal account. 

Because of this, this option is accessible for the highest number of people. 

PayPal accepts Visa gift cards and allows you to transfer the money to your PayPal wallet. From there, you can transfer the funds into your bank account, which is probably already linked to your PayPal account. 

You could also keep the funds in your PayPal wallet if you shop with the site often.

How To Send Visa Gift Card to PayPal

It’s easy to get your gift card money on PayPal. You’ll want to follow these steps:

  1. Log in to your PayPal account like normal.
  2. Navigate to the “Wallet” menu at the top of the screen and click on it.
  3. Select “Link a card or bank,” then follow the direction given.
  4. The prompts should ask you for the card information. Enter in the numbers that are on the Visa gift card.
  5. Select “Link Card.” 

From there, you can send the funds from the card to your PayPal wallet. The process shouldn’t take very long. However, when you remove the money from your online wallet and transfer it to your bank, you’ll likely need to wait a handful of days. 

PayPal does have an instant transfer option, but it comes with a fee.

Transfer Error

You may get a transfer error when you try to move the gift card money into your wallet. This situation arises when you haven’t set up the Visa gift card. After registering the card, PayPal should be able to accept the funds from it.

Additionally, you can also send money anonymously on PayPal if you choose to do so.

2. Transfer Funds to Venmo or Similar Apps

The following best method would be to transfer your gift card money to Venmo or a similar app that you use. Venmo works a lot like PayPal and is fast and straightforward, so that’s the method that I’ll be discussing here.

If you want to do this, open your Venmo app on your device, then link the gift card to your account. After that, you can transfer the gift card funds to Venmo, then to your bank account. 

Since PayPal owns Venmo, the process is nearly the same as the one I described above.

As these two methods are very similar, you’ll want to choose the more convenient options for you. For instance, if you already have Venmo installed on your phone, you might prefer using that over PayPal.

Venmo also doesn’t have any fees unless you want to receive the money instantly. 

How To Send Visa Gift Card To Venmo

It doesn’t take long to complete sending the gift card money to your Venmo account. Here’s what you need to do:

  1. Open Venmo’s app on your mobile device.
  2. Open the settings, then tap on “Payment Method.”
  3. Tap “Add bank or card,” then follow the instructions given to you in the prompts. You’ll need to enter the information on the Visa gift card.
  4. After entering the information, tap “Add card to your account.”
  5. Transfer the funds from the Visa card to your bank account. 

If you’re having trouble, the Venmo support team should be available to help you. The app has protections in place to prevent gift card fraud and scams, which could cause it to block your transaction. Venmo can easily guide you through the process.

3. Use a Gift Card Selling App

Additionally, you can also sell the Visa gift card online. Card Cash is one example, as the site allows you to buy, sell, and even trade your gift cards with other people. It’s convenient when you get gift cards you weren’t expecting and don’t have a use for. Check out our Card Cash review for tips and details.

However, you can also use these types of apps and sites to transfer money to your bank account. The steps will depend on what website you use, but they’ll be very similar.

You’ll start by selling your Visa gift card to someone. Then, you give them the information and receive payment on the site. From there, you transfer the money to either PayPal or your bank account directly.

Overall, gift card selling apps and sites are handy. If you get another gift card in the future, it’s great to know what options you have.

Best Gift Card Selling Sites

There are a variety of websites and places online where you can sell your Visa gift card. You’ll always want to Google the site before you use it to make sure they’re legitimate. 

best gift card selling sites

Some of the best options for selling your card include:

  • Card Cash
  • Gift Card Granny
  • ClipKard
  • GameFlip
  • GiftCash
  • Raise
  • eBay

If you receive a gift card for a store, you may even be able to return it. Some places allow you to exchange gift cards for cash, although not everyone does this. You’ll want to contact the shop if you’re curious about their policies. 

If you do get money for the card, you can add it to your bank account quickly.

Watch for Fees

Finally, you’ll also want to make sure that you keep an eye out for potential fees. Each site likely charges you to sell your card on their platform. However, they all charge different amounts. 

Raise takes 15%, which can be a lot depending on the value of your card.

If you can, make sure to use a service that charges no, or very low, commissions. You don’t want to spend the entire card on selling it.

4. Use the Gift Card on a Money Order

Another way to get the funds off the gift card and into your bank account would be to set up a money order. According to Forbes, a money order is similar to a check, but it can’t bounce since you pay for it.

In this case, use the gift card on your money order to transfer it over. Once you have it, you can deposit the order into your bank account, giving you cash.

 There are multiple ways how to buy money orders with gift cards. You can purchase money orders in various grocery stores. However, you’ll have to find an option unique to where you live. Not everywhere is going to offer money orders anymore. Plus, you don’t want to deposit too many money orders, because banks watch money orders. 

They can shut down accounts that deposit high amounts of them.

Where To Find Money Orders

Money orders are often available to purchase at stores and credit unions. If you’re planning on working with money orders, it’s a good idea to know how to spot fraudulent ones. The United States Post Office offers plenty of information on the topic that you’ll want to check out.

Additionally, you can search for “Money Order Near Me,” and lots of options will be available nearby.

How To Fill Out a Money Order

If you’re going to write a money order, you must know what you’re doing. It only takes a few simple steps to complete the form. 

Here’s what you should do:

  1. Write your name on the line marked “Pay to the Order Of.” If you plan on cashing the order, then only put your legal name. Anything else and the money order won’t be valid at the bank.
  2. Add your address to the section marked “purchaser.” It could also say “from” or “sender.” This area may require contact information.
  3. Sign the line marked “purchaser’s signature” with your name.
  4. Apply the information from the gift card.
  5. Always keep the receipt.

Once you have the money order and are ready to cash it out at the bank, you’ll want to fill out the recipient information. Much like a check, you can write and deposit a money order made out to yourself.

You’ll have to endorse the money when you’re at your bank.

If you have any questions, you’ll want to take the time to speak with the bank staff. They’ll let you know what to fill out on the form so that you can deposit the funds correctly. Plus, they’re friendly and accommodating when it comes to making bank transfers.

You also should be aware of money order scams and how to avoid them. There are always going to be people looking for a way to take your money, so you must maintain caution.

5. Pay Yourself

Did you know that you could also pay yourself with a gift card? This method isn’t the best opinion for many people since it’s a roundabout way to redeem the funds, but it still works.

If you’re an online merchant, your store should allow for the transfer or syncing of a Visa gift card. Any business owner should be able to quickly transfer the money to themselves using their electronic payment process.

Some of the best electronic payment services include Apple Pay, Stripe, Square, Due, and even PayPal

You’re sure to find a transfer option that works for you when it comes to paying yourself. Overall, you can easily make a payment to yourself using one of these platforms. Some allow you to scan the card to enter the funds, so you don’t have to do so manually.

However, I wouldn’t recommend doing this if you don’t already have one of these accounts set up. The process can take a long time and wouldn’t be worth it to use on just one gift card. PayPal or Venmo would be the best choice for a majority of people.

6. Try an Exchange Kiosk

Sometimes you can find gift card exchange kiosks in grocery stores or malls. They’re not very common today, although they’re great when you have access to them.

You can start by following the prompts on the kiosk’s screen. After that, you’ll find different options for cashing out. You may be able to exchange the money for another gift card to receive a voucher. 

If you want to transfer the funds to your bank account, you’ll need to take the voucher to a cashier at the location. They should then give you cash, which you deposit in the bank. This method does take longer than using an app. Still, it’s convenient for many people, especially if you’re already out and about when you want to make the transfer.

This option is less popular than the others because these types of kiosks are disappearing. 

For example, the Coinstar machines that you often find in Walmart used to offer gift card exchange services is an example. However, they no longer have this function. Still, you can use a Coinstar to turn your loose change into gift cards if you’d like.

Overall, exchange kiosks used to be a popular option, but you’ll have less luck finding them today. I included this method on the list since it’s still a possibility. Plus, it’s a straightforward process to use.

7. Transfer Funds to Square

If you are trying to get your Visa gift card balance to your bank account, you can also use Square. This is a card reader and app that allows you to connect your bank account and use your credit card.

 How To Send Visa Gift Cards To Square

Below are the steps to send a Visa Gift Card to your Square account:

  1. First, go to this link and download the app onto your phone. If you have a Square account, sign in, and you should see the option to add a Visa card. If not, just follow the prompts and create an account.
  2. Once you successfully add your card, go to the “transactions” tab and select “credit” on the bottom blue bar of options.
  3. To start, click on “sell and start sale” and you will see the types of cards accepted by Square.
  4. Once you find your Visa gift card, enter in how much money you wish to transfer over and tap “next.”
  5.  To get the funds transferred into your bank account, go to settings and select “deposit to bank.”
  6.  Then, you will be provided with information on how to get the money into your bank account via direct deposit or cash instructions so you can take it to the closest location of the provider and get the cash in hand.

If you choose a direct deposit transfer above, make sure you know your banks direct deposit times and double-check that it has been received.

Why You Should Transfer Visa Gift Card To Bank Account

Many people receive Visa gift cards as presents during the year, which are usually great gifts since anyone can use them just about anywhere. However, there will be cases where you want to transfer the money to your bank account.

Gift cards can be inconvenient to use. Here’s why

  • Cashiers may ring them up wrong. 
  • You have to activate the card before use. 
  • It may not have as much money on it as you think.
  • There may even be fees for using it.

Banks issue prepaid Visa gift cards to customers, not Visa itself. 

That means the card could come with inactivity and maintenance fees if you don’t use it. It’s often better to move the money somewhere you know it will get used sooner.

Finally, having the money in your bank account is usually much more convenient. If you have automatic payments and bills that come out every month, having extra funds in the bank is extremely helpful. 

why you should transfer a visa gift card balance to bank account

When you don’t have to worry about essential expenses, you can spend your money on other things without worry.

Overall, it’s much more convenient for people to transfer the money from the gift card to their bank accounts. Once it’s there, they can use the money on anything that they need. Since your account is probably already linked with online wallets, it’s also more convenient to make online purchases.

Watch Out for Gift Card Scams

Sadly, gift cards are the most common method scammers use to get money out of their victims. If anyone online or over the phone asks you to give them funds in the form of a gift card, make sure you stop and think. 

It could be a scam, especially if you’ve never met the person.

Additionally, if you receive a call where someone asks you to confirm the balance of your gift card, they could be listening for your PIN, which they can use to drain the card of funds.

Finally, you never want to choose gift cards with the back scratched off so that the pin shows. If you encounter a card like this at the store, make sure you turn it into the staff. Someone may have written down the PIN to use after you added the funds to the card.

In short, it’s in your best interest that you only choose reliable, safe methods to transfer your gift card funds to your bank account. Gift cards are often the target of scams, so you’ll need to know what to watch out for, so you can avoid finding yourself in these situations.

Where To Find Visa Gift Cards

You can find Visa gift cards at major retailers. Walmart is one of them, but several other stores also offer Visa cards. Plus, you can also find them at your local banks. If you want to buy a gift card from them, you’ll want to ensure the bank won’t charge you a ton of maintenance fees first.

In short, you can find Visa gift cards just about anywhere. They may blend in since they look like standard debit or credit cards.

You havemultiple options than you might realize when transferring your Visa gift card balance to your bank account. With most methods, you can transfer the funds digitally, although there are cases where you deposit cash in the bank.

So, if you’ve received a Visa gift card for a special occasion, make sure to consider transferring it to your bank first. You’ll have more uses for it there.

Overall, these methods are simple and won’t take very long. Once you have the funds in your bank account, you can pay for anything you need. That way, the money is more valuable to you there than it is on the gift card.

Tips For a Successful Visa Gift Card Bank Account Transfer

successful visa gift card bank transfer
Successful Visa gift card transfers include valid dates, available balance limits, and using a reliable transfer service.

In order for a successful Visa gift card to bank account transfer, there are a few conditions you will need to meet.

Check Expiration Date

You may not know it, but there is an expiration date on your gift card. Make sure to check before you start transferring money if the card has expired, or else this will be impossible.

Know the Gift Card Balance

Before you start, think about the amount of money on your gift card and decide how much you want to transfer. The more you transfer, the less chance there will be for fees.

Make Sure Gift Card is Active

If you are transferring from a Visa gift card, make sure it is not compromised or invalid. If you have any doubt, contact the company immediately before starting any of these methods.

Use a Reliable Service (eg. PayPal) or Vendor

There are many ways to do this but make sure that your service is reliable and safe enough for your needs.

Know About Daily or Monthly Limits on Transfer

Some services have a limit on how much you can transfer to your bank account every day or month. If this is the case, try to find a service with monthly limits instead of daily limits so that you have more time to complete the transactions for all the cards you have.

BG Vance

For over 20 years, BG Vance has been a leader in public and personal financial management. He's developed and managed public budgets in excess of hundreds of millions of dollars. He is passionate about the FIRE movement and was featured in the Detroit News in 2001 about saving for retirement. Through the years, he's assisted families and individuals with getting their finances on track. He holds an MPA, is a licensed Realtor, and is currently working on a book about personal finance.

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