Is it possible to transfer a Vanilla gift card to the bank, and if so, how do I find out how to transfer a Vanilla gift card to the bank?
For the past couple of days, our readers have been prompting us with queries relating to how to transfer a Vanilla gift card to the bank.
Vanilla gift card is ideally suited for anyone who is looking for the best shopping experience at Vanilla stores. However, things could be so different at times, such as having a Vanilla gift card by whatever means but a Vanilla store is not nearby to redeem your gift card for whatever item.
In such a situation, you can sell your gift card at a gift card store or any individual, then it is not what we will explore in this guide.
In this comprehensive guide, we want to find out the possibility of transferring a Vanilla gift card to a bank, and if it is possible, we now find out how to transfer a Vanilla gift card to the bank.
So, without further ado, let us proceed.
What Is A Vanilla Gift Card?
Vanilla gift cards are prepaid Visa gift cards that can be used at different locations including retail stores, grocery stores, restaurants, departmental stores, gas stations, and other places that accept Visa card payment methods.
These prepaid Visa vouchers are issued by Visa US Inc., partnering with credible financial companies including The Sutton Bank, MetaBank, TBBK Card Services, and others.
A vast array of locations in the United States and the District of Columbia accept the Vanilla gift card, and of course, there are places elsewhere such as in the United Kingdom that accept the prepaid card.
Additionally, top retail chains including Amazon, CVS, Argos, Walgreens, Walmart, Asda, and others sell Vanilla Visa gift cards.
Also, you can purchase a Vanilla gift card directly on the official Vanilla website at www.vanillagift.com.
Can I Transfer The Vanilla Gift Card To The Bank?
Yes, you can transfer a Vanilla gift card to a bank, but it will not be a direct transfer. However, you need a medium such as Venmo or PayPal to transfer a Vanilla gift card to the bank.
So, having said so, we will detail how to transfer a Vanilla gift card to the bank later on in this guide.
How To Transfer A Vanilla Gift Card To The Bank
As I had earlier said, you can transfer a Vanilla gift card into your bank account using a medium such as PayPal or Venmo, and below are the guidelines –
1. How To Transfer Vanilla Gift Card To The Bank Via PayPal –
To complete the transfer of a Vanilla gift card to the bank via PayPal, you must link your bank account with the PayPal account. And you can sign up on PayPal or use the PayPal account of some other trusted person.
However, for security’s sake, it is best to sign up at once. After signing up on PayPal, you can then link your bank account.
Below are the steps –
- Open your PayPal mobile app or visit their official website at www.paypal.com.
- Log into your PayPal account.
- On your PayPal account dashboard, click on the deposit button.
- Enter the amount that you wish to withdraw (the value of the Vanilla gift card).
- Tap continue.
- Select the payment method, and click on “Add Card” or “Link a card” (depending on the version).
- On the electronic form field, enter the details of the Vanilla gift card.
- Enter the pin of the Vanilla gift card.
- Click on Deposit.
After the money has been deposited, the next step is to send the money from your PayPal account to your bank account. You can follow the steps below to send the money to your bank.
- Go back to the dashboard.
- Click on “withdraw”.
- Enter the amount that you wish to withdraw.
- Select “withdraw to bank”.
- Enter your bank account details.
- Click on continue.
- Enter your PayPal pin.
- Tap continue.
2. How To Transfer Vanilla Gift Card To The Bank Via Venmo –
- Open the Venmo mobile app.
- Sign up on Venmo, or log in to your Venmo account if you already have one.
- On the Venmo dashboard, Tap “Add Funds”.
- Enter the amount you wish to add (based on the value of the Vanilla gift card).
- Select Add card.
- Enter the details of your Vanilla gift card.
- Enter your Venmo pin.
- Confirm the transaction.
Now, you have added the money to your Venmo wallet. You are about to send it into your bank account. You can follow the steps below to do that:
- Return to your Venmo account dashboard.
- Click on “Transfer Funds”.
- Enter the amount (based on the value of the Vanilla gift card or the amount that you wish to add).
- Select “bank transfer”.
- Enter your bank account details.
- Click on confirm.
Also Read:
- How To Transfer A Walmart Gift Card To Cash App – Quick 7 Steps
- How To Transfer A Target Gift Card Balance To PayPal
Frequently Asked Questions
Is It Free To Send Money From My Vanilla Gift Card To PayPal And Then To Bank Account?
Yes, it is free to send or transfer money from your Vanilla gift card to your PayPal and then to your bank account. However, continuous usage of it over a short period might attract a small fee.
Is It Safe To Transfer A Vanilla Gift Card Balance To The Bank?
Yes, it is safe to transfer a Vanilla gift card to the bank. However, it is safer if the medium of transfer (PayPal or Venmo) is yours, as this will most likely reduce scams.
Is It Free To Send Money From My Vanilla Gift Card To Venmo And Then To Bank Account?
Yes, it is free to send or transfer money from your Vanilla gift card to your bank account via Venmo. The payment company has made it free, as it only charges Credit cards a 3% fee per transaction.