Bank Of America Cashpay Card
If you have a Bank of America CashPay Card, whether it is a Visa or Mastercard, you can transfer funds to your bank account. If you have an originally-issued CashPay card, it is possible to perform an online funds transfer to a traditional United States savings or checking account that you own.
You have to pay corresponding fees and a minimum of $20 may be transferred.
How Prepaid Debit Cards Work
Prepaid cards vary widely, but they tend to have these features in common:
Reload options: You can usually add money to a card in multiple ways, such as setting up direct deposits, loading cash at participating retailers and depositing checks at ATMs. Some cards also let you make online transfers or mobile check deposits from a smartphone.
ATM access: Some prepaid cards have access to free nationwide ATM networks, such as MoneyPass and Allpoint, or to branded bank networks for cards issued by banks.
Fees: You might have to pay for activating a card, making deposits and using out-of-network ATMs. Theres usually a monthly fee, which sometimes can be waived by having direct deposits, for example. Some cards charge a fee for every purchase and ATM transaction.
Amount limits: Some cards restrict how much you can withdraw, reload or spend during a certain period, such as a day or month.
You might have to pay to activate a card, make deposits and use out-of-network ATMs. Theres usually a monthly fee. Some cards charge a fee for every purchase and ATM transaction.
Protections: Reloadable prepaid cards have the liability and fraud protections required of debit cards by federal law. Some cards offer purchase protections, but it can be difficult to dispute unauthorized transactions or correct errors. One safeguard many cards have is federal deposit insurance, meaning your money is covered if an issuer becomes bankrupt.
Which Credit Card Has The Best Rewards
Determining the best rewards card for you comes down to the types of spending you tend to do most and what kind of credit card rewards you prefer. Some cards, like the Chase Sapphire Preferred, are ideal for general spending to earn more cash back. Others, like the Bank of America Travel Rewards Card, are best suited for those who travel frequently.
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Recycle Into Other Gift Cards
When researching ways to dump my gift cards, I ran into a lot of suggestions to convert them to Amazon gift cards. As an avid Amazon shopper, this idea really appealed to me. While the smallest gift card you can buy is $5, you dont have to buy in increments so you can buy a gift card worth exactly $5.36 and have it sent to you via email the same day. You can then apply the gift card directly to your Amazon account balance, giving you an extra $5.36 of spending power the next time you shop. Some have reported this same kind of goodness with Walmart.com .
My personal experience with this method has been hit or miss. While the Amazon site doesnt mention anything about holding a particular amount of your gift card to ensure its valid, it seems that this may be the case. Frequent purchasers of Amazon cards recommend holding back $1 of your balance in case of an authorization amount that will later be returned to your card balance. Some have suggested immediately converting a $20 prepaid card into one $10 Amazon gift code, waiting until the purchase clears and the $1 authorization amount is credited back, and then buying another $10 code.
Heres The Trick: Make Partial Payment With A Visa Gift Card
Perhaps in the future, shopping cart developers will create a new field for open-loop gift cards or they will allow shoppers to enter more than one bank card, specifying how much to charge to each one. Until then, we have to work around the problem of how to use a Visa gift card online when the transaction amount exceeds the balance of the card.
Heres how to use a Visa gift card online, no matter what the balance is:
1. If the Visa gift card balance is greater than the transaction total, then simply enter the Visa gift card number into the credit or debit card field on the checkout form and complete the transaction.
2. If the Visa gift card balance is less than the transaction total, then first use the Visa egift card to buy a store egift card for the same amount. When the stores egift card arrives, return to your original transaction and apply the stores egift card to your purchase. Pay any remaining balance due with a debit or credit card.
Although this solution requires an extra step, it is one way Visa gift cards can be used when the balance of the card is less than the total amount due.
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Three: Register Or Log
After finding out whether your prepaid card provider allows such a transaction, you can sign-up for an account or log in if you already have an account.
If you need to do registration, then you will need your prepaid card with you. After signing-up, you can use the log-in details for future transactions.
How To Convert A Visa Gift Card To Cash
Wondering how to convert a Visa gift card to cash? Read our tips for making the most out of an unwanted present.
Kaite just got a $100 Visa gift card for a graduation present. While shes appreciative of the gift, shed much rather have cash than a prepaid plastic card.
This is a common issue that Visa gift card holders often face. Fortunately, when it comes to converting your reloadable Visa gift card to cash, there are plenty of options.
Keep reading to learn how to liquidate a Visa gift card and change it to cold, hard cash.
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Simple Options To Convert Visa Gift Cards To Cash
Receiving gift cards is great but making sure youre actually able to use the balance is the best part of all. Thats why seeing how to convert Visa gift cards to cash can be a great way to make sure that you use whats on the card with the added flexibility of being able to spend the balance anywhere!
Perhaps you were given the card as a gift or you bought it as part of a promotion. The latter is pretty common, as youll often find stores that offer discounts or bonus deals if you buy Visa gift cards from them. This can, in turn, save you a good amount on the actual value stored on the card.
You could even have gotten it by having earned it yourself! Sites like Swagbucksoffer this from time to time, by letting you earn Visa gift cards for free by watching videos, playing games and searching the internet.
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But now that youve got the card, you may be struggling to figure out what to do with it. Or you could just prefer to have straight up cash to be able to use it how you want.
What If I Need To Return An Item That I Purchased With My Navy Federal Visa Gift Card
If you decide to return merchandise purchased with your Navy Federal Visa Gift Card, you may be asked to present the card to process that return. Be sure to hold onto your purchase receipts and your cardeven after the balance is depleted. If store policy is to credit the card used to make a purchase, it will take 3 to 7 days to be added back to the available balance on the card. When returning an item purchased online, you may need to provide your gift card number.
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What Happens If My Visa Prepaid Card Is Lost Or Stolen
We provide 24-hour toll-free support. Immediately report any problems or a lost or stolen card by calling 800-245-8085. A replacement card can be issued and any available balance transferred to a new card, less applicable fees that will be deducted from the cards available balance. Replacement cards are generally received in 7-10 business days. Emergency card replacement can also be requested with guaranteed delivery within the next business day, or sooner in some cases. See the Terms & Conditions for fees that apply to lost or stolen cards and emergency card replacement. As long as the lost or stolen card is reported immediately, you will not be responsible for any unauthorized merchant charges. If traveling internationally or far from home, a secondary card should be considered. That way, if the primary card is lost or stolen, the secondary card can immediately be used to access the funds without having to wait for a replacement card.
Visa Gift Card FAQs
Best Prepaid Debit Cards
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list ofour partnersandhere’s how we make money.
Bluebird by American Express: Cheapest.
Movo Virtual Prepaid Visa: Cheapest.
Fifth Third Access 360° Reloadable Prepaid Card: Best for ATM withdrawals.
FamZoo Prepaid Card: Best for parents.
Greenlight Prepaid Mastercard: Best for parents.
Walmart MoneyCard: Best for shopping at Walmart.
Chime: Best cheap prepaid alternative.
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Best For The Unbanked Or For Budgeting
Because many prepaid debit cards don’t require credit checks, they’re easy to get. If you’re in one of the roughly 7 million U.S. households without access to a bank account, prepaid cards can be a solution.
Prepaid debit cards are easy to get because there’s no credit check. They also can be useful if you’re trying not to overspend. But they have limitations.
If you try spending more than you have, most prepaid cards simply decline the transaction. They can be useful for people on a fixed income or teenagers who get allowances.
But prepaid debit cards have major limitations compared with banking accounts and credit cards. Although they typically have online services, many prepaid cards lack standard banking services, such as a way to withdraw or reload cash for free. The money you load on a card probably won’t earn interest, either. If you only want to load cash for safekeeping, and don’t plan to make many withdrawals, it may be better to find a high-rate savings account for your funds.
Prepaid debit cards dont affect your credit, so they wont help build it, either.
How To Add A Card To Cash App
One of the reasons Cash App is getting more popular is because you dont have to have a bank account to use it. And even if you do have a bank account, but choose not to connect it to Cash App, you still get to use some of the apps features.
Primarily, you can still use it to receive money. However, most people choose to link their debit or credit card to Cash App to gain access to the rest of the features.
You can link your bank account by adding a debit card. And you can add your credit card as well. To connect your bank account using your debit card, follow these steps:
You can go through this process using the Cash App web portal as well. But since most Cash App users access the app via their mobile devices, setting it up on your phone or tablet is super easy.
If you want to add a credit card instead, the steps are quite similar. Follow steps 1 and 2 as above and then select the +Add Credit Card option. Type in all of the information and select Add Card. Cash App will link to your card automatically. Just remember that if you want to send money using your credit card on Cash App, the transfer fee is 3%.
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Can You Reload Money On A Gift Card
Reloading your gift card is super simple and there are lots of ways to do it in person or online. Its a great way to manage your spending or shop online if you dont have a checking account or credit card. So dont throw your gift card away once its empty just reload and use it again and again. Heres how to do it:
Issues With Making Foreign Transactions For Singapore Cards
One issue that I have with my Crypto.com card in Singapore is making transactions in foreign currencies.
There were some transactions that I wanted to make in USD, when my base currency is SGD.
However, the transaction seems unable to go through, even after trying multiple times!
This is quite strange because these transactions in foreign currencies used to work. However, after the Wirecard saga, I am now unable to make any purchases in foreign currencies.
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Are There Transaction Or Reload Limits
Purchase transactions are unlimited, up to the balance remaining on your card. However, for the protection of our cardholders, there are limits to the number and dollar amount of reloads, ATM withdrawals, and cash advances performed within a certain time period. To learn more about the current limits, please reference your terms and conditions.
Five: Follow Additional Instructions From The Prepaid Card Company And Perform The Transfer Online To Your Bank Account
Every prepaid card provider will have a slightly different set of instructions so make sure to follow the instructions carefully.
At any point, if youre unsure of what to do, your prepaid card provider should have a customer service hotline that you can call for help.
Here is an example of the detailed instructions provided by the Key2Benefits Prepaid Card website.
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Write Down The Starting Balance
Its a good idea to write down the starting balance of the card so you have an idea of how much youre working with before using it.
This is important because you dont want to get into a situation where the card gets declined by charging too much to it.
For example, you may be in a rush to buy a train ticket or out to eat at a restaurant. Always know the approximate balance of the card so that you can budget accordingly and avoid a potentially embarrassing situation.
Can You Withdraw Cash From A Prepaid Visa
You can withdraw cash from a prepaid Visa, with the card being treated the same way as any Visa debit card. This means that you can use the prepaid Visa to make purchases online or in-person, make bill payments and withdraw cash.
Just keep in mind that a prepaid Visa is different from a Visa gift card, with the latter being more restricted in terms of how you use them. While a Visa gift card can be used the same way as a prepaid Visa when it comes to making purchases, its usually isnt possible to use a Visa gift card for ATM withdrawal or as cash back in a store.
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Use Your Visa Gift Card To Buy Other Merchants Gift Cards
If theres a particular store you shop at that doesnt accept your Visa gift card for purchases, you can use this card to buy a gift card from the store where you want to buy something.
And if you look online, you can sometimes find these for sale for up to 20% off meaning youre getting 20% of the Visa gift card balance for free.
This could include stores like Amazon, Walmart or even Starbucks if you were planning to convert your Visa gift cards to cash simply to get a caffeine hit.
Alternatively, you could earn gift cards to all these stores and dozens more just by using an app like Swagbucks. Its basically like earning free coffees from procrastinating on your phone!
Do I Have To Have An E
Your Visa Prepaid Card is prepaid and can only be used to make purchases up to the amount on the card. Most retailers send a pre-authorization for the amount of the purchase to ensure that you card has enough money for the purchase. If you attempt to make a purchase for more than the amount available on the card, the transaction will be declined.
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