Is transferring money from a Vanilla gift card to a bank account possible? There is always a means to accomplish this goal, even though most people are unaware that it is a possibility.
Content Recap:
When you are at a loss for what to give someone as a present for any occasion, the Vanilla gift card will be an excellent option for you to consider giving them because it will serve a fantastic purpose as a gift. There are a variety of applications for the Vanilla gift card, one of which is redeeming the remaining value for cash at a financial institution. In addition, I will demonstrate how to move funds from a Vanilla gift card to a bank account in the following section of this article.
Let’s get started to cut a long story short without further ado.
What Is A Vanilla Gift Card?
Vanilla gift cards are distributed by Visa U.S. Inc. and other financial institutions such as TBBK Card Services, Inc., MetaBank, N.A., and Sutton Bank. These are prepaid Visa gift cards, and they can be used at various sites and establishments. This encompasses a wide variety of establishments, some examples of which are restaurants, gas stations, and retail stores.
The United States of America and the District of Columbia are the most common locations where vanilla gift cards are utilized. On the other hand, you can move the funds on a Vanilla gift card to any bank account around the globe, regardless of whether or not you are currently located in the United States or the District of Columbia.
In the United States, gift cards for Vanilla can be purchased at various retail locations. This includes retailers such as Walmart, Walgreens, Amazon, and CVS, in addition to many other e-commerce stores. In addition to being sold on our website, Vanilla gift cards are also available for purchase on the official Vanilla website at www.vanillagift.com.
Can I transfer Vanilla gift cards to a bank?
Using a Vanilla gift card to make a direct deposit into your bank account is possible. In addition, I will demonstrate how to move funds from a Vanilla gift card to a bank account later in this tutorial.
How Do I Transfer a Vanilla Gift Card Balance?
As I said before, transferring the funds from a Vanilla gift card into your bank account is possible.
Even though Visa is the organization that produces the card, you cannot directly transfer funds from a Vanilla gift card into your bank account. This is the case with the vast majority of other gift cards as well. The situation is the same with gift cards, including those sold by retailers such as Walmart and Amazon, amongst many others. The following are the two primary methods that can be used to move funds from a Vanilla gift card to a bank account:
- Via Paypal
- Via Venmo
1. Transfer Vanilla Gift Card To Bank Via PayPal
As I mentioned previously, moving funds from a Vanilla gift card to your bank account is possible using the online payment service PayPal. Most people use this method when transferring a balance from a gift card to their bank account. You have to establish a link between your bank account and your PayPal account in order to complete this transfer. You also can sign up for a PayPal account or use the account of another individual who may be relied upon.
On the other hand, signing up all at once is recommended from a safety standpoint.
After registering for a PayPal account, you can link it to a bank account.
Below are detailed instructions on using PayPal to send money from a Vanilla gift card to a bank account.
- Open your PayPal mobile app or visit their official website at www.PayPal.com.
- Log into your PayPal account.
- On your PayPal account dashboard, click on the deposit button.
- Enter the amount you wish to withdraw (the value of the Vanilla gift card).
- Tap continue.
- Select the payment method, click on “Add Card” or “Link a Card” (depending on the version).
- In the electronic form field, enter the details of the Vanilla gift card.
- Enter the PIN of the Vanilla gift card.
- Click on Deposit.
After the money is in your PayPal account, the next step is to send it to your bank account. And you can send the money to your bank by following the steps below.
- Go back to the dashboard.
- Click on “withdraw.”
- Enter the amount that you wish to withdraw.
- Select “withdraw to bank.”
- Enter your bank account details.
- Click continue.
- Enter your PayPal pin.
- Tap continue.
2. Transfer Vanilla Gift Card To Bank Via Venmo
In addition to PayPal, Venmo is another popular way to move money from a Vanilla gift card to a bank account. Venmo is also popular because it is easy to use, and transactions happen quickly. Here are the steps you need to take to use Venmo to move money from a Vanilla gift card to a bank account.
- Open the Venmo mobile app.
- Sign up on Venmo, or log in to your Venmo account if you already have one.
- On the Venmo dashboard, tap “Add Funds.”
- Enter the amount you wish to add (based on the value of the Vanilla gift card).
- Select Add card.
- Enter the details of your Vanilla gift card.
- Enter your Venmo PIN.
- Confirm the transaction.
You have successfully added the funds to your Venmo wallet at this time. You are on the verge of depositing it into your own bank account. You can accomplish that by following the steps that are outlined below:
- Return to your Venmo account dashboard.
- Click on “Transfer Funds.”
- Enter the amount (based on the value of the Vanilla gift card or the amount you wish to add).
- Select “transfer to bank.”
- Enter your bank account details.
- Click “Confirm.”
Frequently Asked Questions
Is It Safe To Transfer A Vanilla Gift Card Balance To A Bank?
It is safe to transfer a Vanilla gift card to the bank. However, it is safer if the transfer medium (PayPal or Venmo) is yours, as this will most likely reduce scams.
Is It Free To Send Money From My Vanilla Gift Card To PayPal And Then To My Bank Account?
Yes, sending or transferring money from your Vanilla gift card to your PayPal and then to your bank account is free. However, continuous usage over a short period might attract a small fee.
Is It Free To Send Money From My Vanilla Gift Card To Venmo And Then To My Bank Account?
Yes, it is free to send or transfer money from your Vanilla gift card to your bank account via Venmo. The payment company has made it free, as it only charges credit cards a 3% fee per transaction.