Have you ever received a Walmart gift card as a present and wondered if you could transfer the balance to your bank account? Well, you’re not alone. Many people have the same question, and the good news is that it is possible to transfer money from a Walmart gift card.
In this article, we will explore the various ways you can transfer your Walmart gift card balance, including using the Walmart Pay app, converting the gift card to cash, and using third-party exchange websites. So, let’s dive in and find out how you can make the most of your Walmart gift card!
Can You Transfer Money from Walmart Gift Card?
Yes, you can transfer the balance of your Walmart gift card to another card or to a bank account. To transfer funds, you can call the Walmart customer service team or visit the Walmart store. However, there may be some fees associated with the transfer.
Can You Transfer Money from Walmart Gift Card?
If you have a Walmart gift card, you may be wondering whether you can transfer the funds to another account or use them to pay bills. The answer is yes, but there are limitations and fees involved. In this article, we will explore the options available for transferring money from a Walmart gift card and what you need to know before doing so.
Option 1: Walmart to Walmart Money Transfer
One way to transfer the funds from your Walmart gift card is to use the Walmart to Walmart money transfer service. This service allows you to send money to anyone in the United States, including yourself, using your Walmart gift card. To use this service, you will need to have the recipient’s name and address, as well as the amount you wish to transfer.
The fees for using the Walmart to Walmart money transfer service vary depending on the amount of money you are sending. For transfers up to $50, the fee is $4. For transfers between $50 and $1,000, the fee is $8. For transfers over $1,000, the fee is $16. Keep in mind that these fees are in addition to any fees you may have paid to purchase the gift card in the first place.
Option 2: Walmart MoneyCard
Another option for transferring money from your Walmart gift card is to use the Walmart MoneyCard. This is a prepaid debit card that you can load with funds from your gift card. Once you have loaded the funds onto the MoneyCard, you can use it to make purchases or withdraw cash from ATMs.
The Walmart MoneyCard has several benefits, including no monthly fees, no overdraft fees, and no credit check required to apply. However, there are fees associated with using the card, such as a $5 monthly maintenance fee and a $2.50 ATM withdrawal fee. Be sure to read the terms and conditions carefully before applying for a Walmart MoneyCard.
Option 3: Paying Bills with Your Walmart Gift Card
If you have bills to pay, you may be able to use your Walmart gift card to make payments. Many companies, including utility companies and credit card issuers, allow you to make payments using a prepaid debit card. To find out if your biller accepts prepaid debit card payments, check their website or call customer service.
Keep in mind that there may be fees associated with using your Walmart gift card to make bill payments. Some billers may charge a convenience fee for using a prepaid debit card, while others may not accept them at all. Be sure to check the terms and conditions before attempting to make a payment with your gift card.
Benefits of Using a Walmart Gift Card
There are several benefits to using a Walmart gift card, including convenience, flexibility, and security. With a gift card, you can make purchases at Walmart stores or online without having to carry cash or a credit card. You can also use the gift card to pay bills or transfer funds to another account.
In addition, Walmart gift cards are secure and easy to use. They can be replaced if lost or stolen, and you can check the balance online or by phone at any time. Plus, gift cards are a great way to budget your spending and avoid overspending on unnecessary items.
Walmart Gift Card vs. Other Gift Cards
When it comes to gift cards, there are many options available, including Visa gift cards, Mastercard gift cards, and Amazon gift cards. While these cards may offer more flexibility in terms of where they can be used, they often come with fees that Walmart gift cards do not have.
For example, many gift cards charge activation fees, monthly fees, or transaction fees. Walmart gift cards, on the other hand, have no activation fees and no monthly fees. Plus, they can be used at Walmart stores or online, making them a versatile and practical gift option.
Conclusion
In conclusion, transferring money from a Walmart gift card is possible, but it comes with limitations and fees. Your options include using the Walmart to Walmart money transfer service, loading funds onto a Walmart MoneyCard, or using the gift card to make bill payments. Before choosing a method, be sure to read the terms and conditions carefully and understand any fees involved.
Overall, Walmart gift cards are a convenient and secure way to make purchases and transfer funds. They offer flexibility and budgeting options, making them a great gift option for any occasion.
Frequently Asked Questions
Here are some common questions about transferring money from a Walmart gift card.
Can I transfer money from my Walmart gift card to my bank account?
Unfortunately, it is not possible to transfer money directly from a Walmart gift card to a bank account. The gift card can only be used to make purchases at Walmart stores or online at Walmart.com. However, there are some third-party services that allow you to sell your Walmart gift card for cash, which can then be deposited into your bank account.
To sell your Walmart gift card, you can use websites such as CardCash, Raise, or Gift Card Granny. These sites will purchase your gift card from you at a discounted rate and then send you the cash via PayPal or check. Keep in mind that these services may charge a fee for their services, so be sure to read the terms and conditions carefully before selling your gift card.
Can I transfer money from one Walmart gift card to another?
Yes, it is possible to transfer the balance from one Walmart gift card to another. To do so, you will need to visit a Walmart store and ask a cashier to transfer the balance from one card to another. You will need to provide the card numbers for both cards in order to complete the transfer.
Keep in mind that there may be limits on how much you can transfer between cards, and there may be fees associated with the transfer. Be sure to ask the cashier about any fees or restrictions before transferring the balance.
Can I use my Walmart gift card to send money to someone else?
No, you cannot use a Walmart gift card to send money directly to another person. However, you can use the gift card to make a purchase and then have the item shipped to the other person. You can also give the gift card to the other person as a gift, allowing them to make their own purchases at Walmart stores or online at Walmart.com.
If you want to send money directly to someone else, you will need to use a different method such as a bank transfer, online payment service, or money transfer service.
Can I use my Walmart gift card to pay bills?
Yes, you can use a Walmart gift card to pay some bills, depending on the biller and the payment method. Walmart offers a bill pay service that allows you to pay your bills in person at a Walmart store. You can use your gift card to pay your bill at the store, as long as the biller is one of the accepted billers for the service.
You can also use your gift card to make online payments to certain billers, such as some utility companies, using the Walmart bill pay service. However, not all billers are accepted for online payments, so be sure to check the list of accepted billers before attempting to make a payment.
Can I use my Walmart gift card to buy a prepaid card?
Yes, you can use a Walmart gift card to purchase a prepaid card, such as a prepaid debit card or a prepaid phone card. Simply bring the prepaid card to the Walmart checkout and pay for it using your gift card.
Keep in mind that there may be fees associated with the prepaid card, such as activation fees or monthly fees. Be sure to read the terms and conditions of the prepaid card carefully before making your purchase.
How can I get cash from a Walmart gift card?
In conclusion, transferring money from a Walmart gift card is possible, but it depends on the type of gift card you have. If you have a Walmart Visa Gift Card, you can transfer the balance to your bank account or another prepaid card. However, if you have a traditional Walmart Gift Card, you cannot transfer the balance to another card or bank account.
It’s important to keep in mind that there may be fees associated with transferring funds from a Walmart Visa Gift Card. Be sure to read the terms and conditions carefully to avoid any unexpected charges.
Overall, Walmart gift cards can be a convenient and versatile way to shop, but it’s always a good idea to understand the limitations and options available for transferring funds. With a little research and careful planning, you can make the most of your Walmart gift card and get the most value for your money.
