Walmart gift cards are a popular choice for gifts, but many people find themselves with balances they may not use. If you’re looking to transfer Walmart gift card money to your bank account, this guide will provide you with detailed steps and options to do so effectively.
Understanding Walmart Gift Cards
Walmart gift cards can be used for purchases at Walmart stores and online. However, directly transferring the balance from a Walmart gift card to a bank account is not straightforward due to restrictions imposed by Walmart. The company generally does not allow the transfer of gift card balances back into cash or bank accounts, except in specific cases mandated by law.
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Key Requirements for Transferring Funds
To effectively transfer money from your Walmart gift card to a bank account, consider the following requirements:
1. Gift Card Information
- Card Number: You will need the 16-digit card number found on the front of your gift card.
- PIN: The security code located on the back of the card is essential for verification during transactions.
2. Online Payment Service Account
- PayPal, Cash App, or Venmo: You must have an account with one of these services. Each platform has specific steps for linking your gift card.
- For PayPal, you can link your gift card by entering the card number and PIN in the “Wallet” section. After linking, you can withdraw funds to your bank account.
- In Cash App, you can add your gift card as a payment method and then transfer funds to your Cash App balance before moving them to your bank account.
3. Selling Platforms
If direct transfer methods seem complicated or unfeasible, consider selling your gift card on third-party platforms like:
- CardCash
- Raise
- Gift Card Granny
These platforms allow you to sell unwanted gift cards for cash, which can then be deposited into your bank account. Ensure that you check the rates offered by these services, as they may vary.
Methods to Transfer Walmart Gift Card Money to Bank Account
While direct transfers are limited, there are alternative methods to access your funds:
1. Use PayPal
One of the most effective ways to transfer money from a Walmart gift card to your bank account is through PayPal. Here’s how:
- Log In: Access your PayPal account.
- Link Gift Card: Go to the “Wallet” section and select “Link a card or bank account.” Enter your Walmart gift card details (card number, expiration date, and security code).
- Transfer Funds: Once linked, you can transfer the balance from PayPal to your bank account by selecting “Withdraw” and then “Transfer to a bank account.”
This method allows you to convert your gift card balance into cash that can be deposited into your bank account.
2. Use Cash App
Although Cash App does not support direct transfers from gift cards, you can follow these steps:
- Convert Gift Card to Cash: First, sell your Walmart gift card for cash through platforms like CardCash or Raise.
- Deposit Cash into Cash App: Once you have cash, you can deposit it into your Cash App account.
- Transfer to Bank Account: Finally, from Cash App, you can transfer the funds to your bank account.
3. Sell Your Gift Card
If the above methods seem cumbersome, consider selling your Walmart gift card on online platforms such as:
- CardCash
- Raise
- Gift Card Granny
These platforms allow you to sell your unused gift cards for cash, which can then be transferred to your bank account. Keep in mind that selling may involve fees or reduced value based on demand.
Conclusion
While transferring Walmart gift card money directly to a bank account is not typically allowed, there are several workarounds available. By utilizing services like PayPal or selling your gift card, you can access the funds in a way that suits your needs. Always consider the associated fees and choose the method that provides the best value for your situation.
Frequently Asked Questions
Can I get cash back from my Walmart gift card?
Generally, no. However, in some states, if the balance is under $10, you may be able to receive cash back at Walmart stores due to local regulations.
What online services can I use to transfer my Walmart gift card balance?
You can use services like PayPal, Cash App, or Venmo by linking your gift card and then transferring funds to your bank account.
Are there any fees associated with selling my Walmart gift card?
Yes, most platforms that allow you to sell gift cards will charge a fee or offer a reduced rate compared to the face value of the card. Always check the terms before proceeding with a sale.
What if I want to use my Walmart gift card balance elsewhere?
You can sell your Walmart gift card on various online marketplaces for cash or use it for purchases at Walmart or online.
Can I transfer my Walmart gift card balance directly to my bank account?
No, Walmart does not allow direct transfers of gift card balances back into bank accounts or as cash except where required by law.