Are you among those who do not know how to transfer money from greendot card to bank account? If the answer is yes, then relax’ because you are at the right place at the right time as this article is set to take you through 2 ways of transferring money from your Greendot card to your bank account easily without any iota of stress. Join me as I take you through the processes.
Fund exchange which involves the transfer of money from one bank or financial institution to another has increasingly become a norm in Today’s world. And as such GreenDot has also included the feature that allows its users to transfer money from their card accounts to their bank accounts.
So in this post, we will be discussing how to transfer money from GreenDot to Bank Account. The methods here are the simplest you can ever get. So count yourself lucky because you will be all smiles after reading this post as no stone will be left unturned.
What is GreenDot?
GreenDot is a corporation founded by Steve Street in 1999 to enable teenagers to shop online. But it has over the years enlarged its tentacles and is currently one of the world’s largest prepaid debit card companies.
GreenDot offers prepaid card services just like Netspend. With a GreenDot prepaid card, you can make deposits, receive paychecks, make direct cash deposit, withdraw money as well as transfer money from GreenDot to a bank account, PayPal, or Western Union.
The GreenDot card is prepaid and can be reloaded at various locations all over the US. It works simply like your bank account but for the sake of this article, we are going to be limited to how to transfer money from your GreenDot account to your bank account in 2 ways.
Can I Transfer Money From GreenDot To Bank Account?
Before you think of how to transfer money from GreenDot to Bank Account, you first have to ask if it is possible to carry out such a transaction. And to answer the question is Yes, you can transfer money from Greendot to Bank Account. This is one of the major benefits of using GreenDot. It offers flexibility to its users in the areas of making transfers to other financial institutions including Bank accounts.
What Information Do I Need To Transfer Money From GreenDot To Bank Account?
When opting to learn how to transfer money from GreenDot to a bank account, it is wise to get yourself prepared beforehand by putting all requirements in place. The following are some of the information that is required to transfer money from GreenDot to a bank account.
- Account Number: for you to transfer money from GreenDot to a bank account, make sure you have the account number of the recipient with you.
- Routing Number:just like the account number, prepare yourself with the routing number of the recipient also.
- You are required to be 18years and above to be able to activate your GreenDot and to enable to transfer money from GreenDot To a bank account
- The last requirement is to link your GreenDot card and your account together in either way. Let’s see how we can do the linking of Green Dot to the bank account in the succeeding paragraph.
How To Add Bank To GreenDot
One of the major requirements to prepare before learning how to transfer money from GreenDot to a bank account is to link or add the bank account to your GreenDot card account. Take the following steps to add a bank to your GreenDot account.
- Log in to either your GreenDot application or their website at www.GreenDot.com.
- If you are using the app, the next step is to tap on Deposit but if it’s the website, click on Add Funds.
- Next, you will have to click on Bank Transfer from the Menu that would be provided.
- Choose the bank that you want to link or better still, type into the search icon to save time.
- On the next page, type in all requirements like name, email address, account number, and others.
- You will be required to verify the linking process to complete the linking process.
How To Find Your GreenDot Account And Routing Number.
Getting your GreenDot card account number and routing number as I mentioned earlier is another prerequisite of how to transfer money from GreenDot to a bank account. To get your routing number, send DDinfo to 37267.
Alternatively, log in to your GreenDot app, and select ASAP Direct Deposit. And you can also get them by contacting the customer service department. Lastly, log in to your GreenDot prepaid card account, and click on Add Money or Transfer Money. Then your Routing number and Account Number.
How To Transfer Money From Greendot Card To Bank Account.
Now here is the main gist. Since you have been prepared with the needed requirements, let’s see how to transfer money from GreenDot to bank accounts in detail. There are two ways you can do this. The first is through routing number and the second is by linking the bank account.
How To Send Money From GreenDot Card To Bank Account Through Routing Number?
This is a very fast thing to do since you have gotten your routing number and that of the bank account you wish to transfer to. Therefore, to transfer money from GreenDot to a bank account through a routing number you have to log in to your Greendot card account, select pay bills, and people, and click on pay people.
On the next slide, enter the account number of the recipient including the routing number, email, full name, and other detail. After that, you enter the amount to be sent and click continue. Review the information. And send.
With this, you have successfully sent money from GreenDot to your Bank Account.
How To Send Money From GreenDot Card To Bank Account By Linking Account.
This is the second way how to send money from GreenDot to a bank account. We had earlier in this article, learned how to add a bank account to GreenDot. With that process done, your transfer is just a click away. So to send money from GreenDot to Bank Account, do this.
- Log in to your Greendot either through the app or website.
- Select either Deposit or Add Fund depending on which GreenDot platform you choose to use.
- Click on the linked bank account
- Enter the amount you wish to send
- Click send money.
wow, wasn’t that just so easy? Let’s see how safe it is to transfer money from GreenDot to Bank Account.
Is It Safe To Transfer money From GreenDot Card To Bank Account?
Yes, transferring money from your GreenDot card account to your Bank Account is very safe. GreenDot transfers are ACH transfer hatch that ensures the security of your fund and account details. GreenDot also uses plaid in the linking of bank accounts which provides adequate security and privacy to your account.
Therefore, you have no reason to be skeptical about the security or safety of sending money after learning how to transfer money from GreenDot to Bank Accounts.
How Long Does It Take To Transfer Money From GreenDot Card To Bank Accounts?
GreenDot transfers as I have said before are ACH transfers. And as such, it usually takes a minimum of 3 working days for the transferred funds to appear in your Bank Account.
So before embarking on the transfer of money from GreenDot to bank accounts, make sure the money is not needed urgently.
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How Much Does It Cost To Transfer Money From GreenDot Card To Bank Accounts?
GreenDot transfers are usually free of charge. However, since the transfer involves ACH, then a fee is most likely to be charged. The amount for the ACH transfer is not fixed but definitely would not be more than 3 dollars.
This work has been able to open our eyes to the fact that it is possible to transfer money from a Greendot card to Bank Account. And it went ahead to discuss 2 ways of how to transfer money from GreenDot to Bank Accounts easily.
It also touched on the duration of transfer as well as the charges it would incur. Hope all your answers on how to transfer money from GreenDot to Bank Account have been answered.