How To Transfer Amazon Gift Card Balance To Bank Account (2024)

Anytime you are ready to cash out your Amazon gift card balance, you will surely need to find an option that works for you. Having knowledge about the options that you have is actually important as it will probably help you in making the right choice at the appointed time.

In this guide, I will show you how you can transfer your Amazon Gift Card Balance to a bank account or debit card. If you are lucky you live in the United States or any of the other countries where PayPal is supported, then you can use websites to withdraw your Amazon gift card balance with ease and convenience.

You might have surely heard of a gift card once or probably have decided to have one. You can do many things with such a card from Amazon.

Gift card can simply be referred to as cards that we get at the time of shopping at stores and for the online gamers, they surely know that many of the online apps and games that are played give the user absolutely free Amazon gift cards that they can redeem by just logging into their Amazon account.

So want to transfer money from Amazon Gift Card Balance to Bank Account? then stay glued to this article as I will show how to do so easily.

What is a Gift Card?

With Gift cards, you are able to add money that will use at some given shops. You can find cards that you can use in any store that accepts gift cards. In case of your close friends or love ones have a birthday, you can decide to give them a gift card loaded with cash to shop rather than giving them money.

You can find gift cards in many places where you can purchase them, and one of the most well known places to get a gift card is Amazon.

It is clear that situations might arise where you need cash instead of electronic currency and the only option you have is to transfer money into a bank account. The money in a bank account can be used for several transactions of different nature.

Can You Transfer Amazon Gift Card Balance to Bank Account?

Yes, Amazon allows users to transfer money from their Pay wallet to their bank account. Users will also be able to redeem the money received through an Amazon gift card and transfer the same to their bank account. It is necessary you have in mind that the facility is available only to users who have completed their KYC.

Unlocking Value: A Guide on How to Transfer Amazon Gift Card Balance to Your Bank Account

Unfortunately, there is no way to directly transfer your Amazon gift card balance to your bank account. Amazon gift cards are designed to be used for purchases on the Amazon website or affiliated sites. The balance on an Amazon gift card can only be used for purchasing eligible products and services from Amazon.

However, there are a few workarounds you can try to get the money from your Amazon gift card into your bank account:

• Sell the gift card. You can sell your Amazon gift card to a third-party website or in person. There are a few websites that buy and sell gift cards, such as Gift Card Granny, Raise, and CardCash. You can also sell your gift card in person to friends, family, or on a marketplace like eBay or Craigslist.
• Use the gift card to purchase an item and then sell the item. This is a more time-consuming option, but it can be a way to get more money out of your gift card. For example, you could purchase a gift card from another store with your Amazon gift card and then sell that gift card for cash.
• Use the gift card to subscribe to a service that offers refunds. There are a few services that offer refunds for gift cards. For example, CardCash offers a 10% refund for Amazon gift cards. This means that if you have a $100 Amazon gift card, you can get a $10 refund by selling it to CardCash.

It is important to note that there are fees associated with selling or using your Amazon gift card in these ways. You should also be careful when selling your gift card to a third-party website, as there have been reports of fraudulent activity.

Important Considerations:

• Fees and Rates: Be aware of any fees associated with selling your gift card and compare rates on different platforms to ensure you get the best value.
• Platform Reputation: Use reputable platforms with positive reviews to avoid potential scams or fraud.
• Security: Protect your personal information and gift card details during the selling process.

Final Thoughts: Unlocking Value: A Guide on How to Transfer Amazon Gift Card Balance to Your Bank Account

While Amazon gift cards are not directly transferable to a bank account, several methods allow you to convert the balance into cash.

Whether you choose to sell your gift card on dedicated platforms, use it for resale items, or explore gift card exchange apps, each method offers a pathway to unlock the value of your Amazon gift card and transform it into usable funds in your bank account. Always exercise caution and use reputable platforms to ensure a secure and efficient transaction.