Can You Transfer Money From A Gift Card To A Debit Card?

Gift Card
Smiling millennial european female bank client holding plastic credit card in hands, entering information cvv code in computer application, involved in online shopping, purchasing goods or services.

Transferring Visa gift cards to banks has been quite difficult for individuals and even impossible for most people.

Having Visa cards has relieved people of the stress of carrying cash and going out of budget for their spending because they can top up their cards with a set amount of funds that can cover their purchases for a long period. 

If a person has enough funds on the Visa card and does not have enough cash, the need to transfer Visa gift cards to a bank account becomes urgent. This allows them to spend money when they need to. 

Essentially, the common question on remains, “How do I transfer a Visa gift card to a bank account?”

This content will help you understand the mechanisms for transferring Visa gift cards to a bank account. It will also help you understand what a Visa gift card is. The table of contents below provides an order to answer all of your questions about gift cards.

What is a Visa gift card?

A Visa gift card is a prepaid card with a certain amount of money to make multiple purchases while the funds remain on the card, as well as to control the shipment.

It is convenient to use and can be used all over the world. It can be used even without a bank account. Just request a card, provide money to be credited to it, and it’s ready to use.

A Visa Gift Card can be used to:

  • Send money to family
  • Purchases
  • Buy goods and services both online and offline
  • Pay for trips 
  • Control reckless spending
  • Help budget money
  • Great gift for friends 

Can I transfer a Visa gift card to a bank account?

Yes. You can transfer money from a Visa gift card to your bank account. To transfer Visa gift cards to bank accounts, it is important to understand what type of prepaid card you have.

Essentially, Visa gift cards are used in the same way as Visa credit cards. While you can transfer a Visa gift card to a bank account, you won’t be able to do it directly.

Two types of card

1. Prepaid Debit Card – This is a gift card that is easy to use anywhere and anytime. It is not limited by location. And it’s readily available for both Visa and Mastercard.

It can be connected to a bank account to make it easier to transfer Visa gift cards to a bank account. You must upload money to keep spending. You do not need to pay any monthly fees or interest for withdrawals. Not at all. 

2. Prepaid credit card – This is a prepaid plastic card that has a limit. The credit card has a credit limit for spending and payments are made after the amount has been spent. And this payment is made at the appointed time.

Now that the two types of prepaid cards are clearly explained, you can easily determine which type allows you to transfer Visa gift cards to a bank account.

Moving forward, you need to take note of the terms and conditions of each Visa gift card to successfully transfer the Visa gift card to your bank account.

Conditions for using a Visa gift card for a successful transfer to a bank account

Visa expiration date – It is important to make sure that the gift card has not expired. Check your card to find out when it expires, otherwise, the money transfer will not be possible.

Non-transferable – Some cards are indeed non-transferable. They cannot be used by others. So make sure you’re not alone. 

Inactive Card – If your gift card has not been used for a long time, you may be charged an inactivity fee. Check this box to avoid fees when transferring gift cards to your bank account.

Sufficient funds – Most individuals end up spending more on fees and commission transfers of money from a gift card to a bank account than the balance on the gift card. Therefore, to avoid losses, it is better to make sure that you have more than enough money on your gift cards before proceeding with the transfer. 

How to Transfer a Visa Gift Card to a Bank Account

There are many ways to convert gift cards into cash. Some of these ways allow you to get cash at the end, while others may allow you to send cards the way you can spend cash.

If you want to transfer a gift card to your bank account, try the following methods:

Transfer your Visa gift card to your bank account via MoneyGram.

MoneyGram is the second-largest money transfer company. They are fast, affordable, reliable, and most importantly, safe.

Prepare to transfer money from your Visa gift card to your bank account by visiting the MoneyGram website and following the steps below;

  1. 1. Register to create an account on MoneyGram

Once you open the MoneyGram website, click the Sign-Up button, enter your email address, enter a strong password, and sign up. 

Go to your email and verify that you have successfully created an account.

  1. 2. Click “Send Money” on the MoneyGram website.

On the website’s top menu bar, click the “Send Money” icon and you’ll be taken to a page where you’ll need to fill in your payment details. Which includes;

  • Amount to send
  • Choose a debit or credit card
  • Select the option “Deposit to account” or “Deposit from debit card“.

Make sure your Visa Gift Card is linked to the bank account you’re sending money to.

  1. 3. Fill in bank details

You will be redirected to a page where you will need to enter your bank details after submitting your payment information. Here you will enter;

  • Receiver name
  • The address
  • Map Information

After entering this information, click “Next” and your money transfer will be processed. Viola!

Within minutes, you would have transferred the money from your Visa gift card to your bank account. 

Please note that MoneyGram charges a fee based on the amount you send. And luckily, their fees are ridiculously cheap. $1.99 for amounts less than $200. For amounts above $200, $1.99 + 1% of the transfer amount will be charged.

There is also a limitation when transferring money through MoneyGram. The limit for sending money online is $10,000 per transaction.

If there is a need to send more funds, you will need to do so in person by visiting any MoneyGram agent store near your location.

Start transferring your Visa gift card to your bank account by visiting the MoneyGram website today.

Transfer Visa gift card to bank account via PayPal

This is easy to do by adding the card to your PayPal account and transferring the balance to your account, because Paypal allows you to add prepaid cards, including Visa gift cards, to your Paypal wallet.

By doing this, you have the option to transfer money to your own linked account. Just be aware of the fee. 

Is it easy?

Here is a step by step guide on how to achieve this:

  1. Create a PayPal account and if you already have one, just log in to your Paypal account. 
  2. Select the “wallet” option at the top of the page.
  3. On the left, you will see the option “Link a card or bank”. Click on it and continue.
  4. When you get to the place where PayPal asks you for the relevant information, add your Visa gift card details. Then click “Link to map”. 

If you get an error after doing this, go back and make sure your Visa gift card is registered so that the address is linked to the card. Once you do this, PayPal will have no problem accepting your card. 

Transfer money from your Visa gift card to your bank account using Venmo.

You can transfer Visa gift cards to a bank account using Venmo. Venmo is somewhat similar to PayPal and you can deposit your card balance into your Venmo account.

The best thing about using Venmo to transfer money is that Venmo does not charge any fees for transferring money from your Venmo account to your bank account. Cool, right?

Except that you have selected the “Instant Transfer” option. Otherwise, the money will be credited to your account within three business days.

Begin with;

  1. Download the Venmo app
  2. Open a Venmo account 
  3. You will see the option “Add Gift Card”. Press here.

Enter your payment and bank details and submit. And your 

Buy Visa gift cards from other merchants with a Visa gift card

If you still don’t know how to transfer Visa gift cards to your bank account, try this simple method.

Simply use your Visa gift card to purchase other gift cards from stores that don’t accept it. So you can spend your money on goods in this store.

This method is great for people who intend to trade Visa gift cards for cash to get their caffeine fix. Stores like Amazon, Walmart, or even Starbucks are the best stores for exchanging gift cards for cash.

Transfer your Visa gift card balance to your bank account using Square

Square is another option that allows you to transfer your Visa gift card balance to bank accounts. However, it requires you to pay a percentage of the amount you are about to transfer.

To get started with this method, follow the step-by-step instructions below:

  1. 1. Activate your Visa gift card online

There is a website on your Visa gift card. You need to log in to the site to activate your Visa gift card. In most cases, your Visa Gift Card may already be pre-activated. In this case, go to the second step.

#2: Confirm Visa Gift Card Balance

You can do this on the website or simply by contacting the number on the map. Those who issue Visa gift cards are likely to ask for a balance check fee.

To transfer the Visa Gift card balance to your bank account, remember the balance.

  1. 3. Spend money fast

If you would like to transfer the gift card balance to a bank account, you should do so as soon as possible.

This is to eliminate monthly fees charged to your Visa card when you have a balance.

  1. 4. Register on the square

You need your name and email address to register on the square. In principle, this can be done through the application or on its website.

You will be prompted to enter the following details – a type of business, how you plan to use the area, estimated annual income. Finally, you need to verify your email address.

#5: Link your bank account to Square

Linking your bank account takes up to two days in most cases. Upon successful completion, Square will transfer the balance of your Visa gift card to your bank account.

If you need an immediate transfer of your Visa gift card balance to bank accounts, this may not be the best option. Read and find the best method for you.


More business people and students, use Visa gift cards for a variety of reasons due to their flexibility and ease of access. However, since the card can be downloaded by anyone, in most cases the funds on gift cards often need to be transferred to a bank to receive cash.

In that case, we hope the Visa gift card to bank account transfer options listed here can greatly assist you in transferring money from your Visa gift card to your bank account.

Simply choose the simpler, lower fee option and all the money on your Visa gift card is yours.