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If you have multiple debit cards, there may be situations in which you wish to perform a debit card to debit card transfer. In most cases, the process is straightforward, but there can be challenges if the debit card that you want to transfer funds to is not affiliated with a brick-and-mortar bank.
Transfer Funds Electronically
Many banks offer mobile apps that transfer money. Other options include the institution's website, ATM network and automated phone system. It's a good idea to familiarize yourself with the types of payment options your bank offers, including:
- Transferring funds between accounts with the same financial institution: Log in to the mobile app, phone system or website and follow the instructions for transferring funds between accounts. These transfers are usually free and your funds are available immediately.
- Transferring funds between different institutions: Check the mobile app, phone system or website for your financial institution to learn how to transfer funds. In some cases, you may have the option of an instant transfer, which will be provided for a fee, or a slower, yet free, transfer that can take several days to complete.
If the debit card to which you are trying to transfer funds is associated with a bank that has its own network of ATMs, you may be able to transfer funds using the ATM. If transferring between two accounts within the same bank, there will be a menu option at the ATM that allows you to do just that.
If you are trying to transfer funds between accounts with different banks, you'll need to visit an ATM that is owned by the bank to which you want to deposit funds and that accepts deposits. As Forbes.com notes, many ATMs do not take deposits, so you'll want to verify this before making the trip. Visit the ATM and withdraw funds from one or more debit cards. Next, use the ATM to deposit these funds into your account.
Another option is to bring both cards to a bank teller and request that the bank withdraw funds from one debit card and deposit them directly into your account with that bank. Be aware that there may be a charge for a teller visit or a fee from the other bank, and there may also be limits on the amount you can withdraw from the other account.
Deposit Funds at Retail Location
If you are unable to deposit funds to one of your debit cards at a bank or ATM, another option is to add funds or "load" the card at a retail store or check-cashing service that offers debit card loading or unloading services. Many retail grocery, convenience and big-box stores offer this service, though it is a good idea to check ahead. Freestanding check-cashing services almost always offer debit card loading and reloading options, but again, it is a good idea to call ahead.
First, withdraw cash from your debit card. You could do this at an ATM or at a check-cashing service by asking the clerk to "unload" your debit card, according to MyCurrencyExchange.com. You'll insert the card into a freestanding point of sale terminal, enter your PIN and the clerk will give you the cash you requested.
The next step is the same whether you are at a retail store or check-cashing service. Give your cash to the clerk, along with the card you want to deposit funds onto, along with your government ID (if requested). Tell the clerk that you want to deposit or load money onto the card. The clerk will add the funds and give you a receipt. It can take up to an hour for the funds to become available on your debit card.
Tip
There will be a small fee for these services and you may find yourself paying two fees at a check-cashing place: One for withdrawing money from one card and another for loading the funds onto the other. Budget for these fees when getting your cash.
FAQs
One of the easiest ways to transfer money from one bank to another can be using a payment app like Zelle or Venmo since it just takes a few clicks within the app to send and receive money.
Can you send money to someone else's debit card? ›
Select your preferred online payment option – directly from your bank account, debit, or credit card2. Then, choose the 'Debit Card Deposit' receive method to send to a debit card. You will need your recipient's full legal name, address, mobile number, bank-issued eligible debit card number and expiration date.
Is it possible to transfer money from one Visa card to another? ›
How does Visa Direct work? Access the service through Netbanking, mobile or ATM. Enter the recipient's 16 digit Visa card number and the amount you want to send. The money will be received into the recipient Visa credit, debit or prepaid card.
How to transfer money with only card number and CVV online? ›
As mentioned, if you are trying to transfer money with only a card number and CVV, you are out of luck. Credit card companies and payment processors will require the card holders name, address, and zip or postal code. In fact, this is the most basic information that is used to verify transactions.
How to transfer from card to card? ›
How to transfer money using an ATM?
- Enter the ATM menu.
- Select the "Transfer to Visa card" service.
- Insert the card, enter the PIN code.
- Enter the recipient's card number.
- Enter the amount you want to send from your Visa card.
Enter your ATM PIN: Input your Personal Identification Number (PIN) to securely access your account. Choose the 'FUND TRANSFER' option: Navigate through the options displayed on the ATM screen and select the one that allows you to transfer funds. This option may be labelled as 'FUND TRANSFER' or similar terminology.
How can I send money to someone immediately? ›
Best Money Transfer Methods
- Zelle. Zelle can be used online, through the Zelle mobile app or through participating banks' online banking platforms. ...
- PayPal. PayPal lets you send, request or collect money online or with the PayPal app. ...
- Venmo. ...
- Western Union. ...
- Walmart2Walmart.
Digital payment platforms
PayPal, Venmo, Western Union, and Cash App are some of the most popular payment services that do not require you to own a bank account to receive money. If you use a payment app like PayPal, Venmo, or Cash App, your recipient may sign up for the app and link a prepaid debit card.
How to transfer money to another bank account without online banking? ›
Write a check. A traditional way of transferring money between banks is by writing a check and depositing it either at a bank branch, online, through a mobile app or by mail. A money order can be used instead, though some bank websites and/or apps lack the ability to deposit a money order.
How do I do a balance transfer from one card to another? ›
While each credit card issuer's balance transfer process is slightly different, it's usually a simple process you can likely complete in a few ways:
- Online at the time of application. ...
- Call customer service. ...
- Through your online account or mobile app. ...
- Using a balance transfer convenience check.
Yes, transferring money from one card to another is possible using a savvy card transfer app like Remitly. Sign up now to make low-cost, high-speed card-to-card money transfers!
How to transfer money with debit card online? ›
After entering your debit card details, you need to enter the recipient's details, including their name, account number, and the amount you want to transfer. Some platforms may also allow you to enter a message for the recipient. Finally, you need to confirm the transaction and wait for it to be processed.
How do I send money from my debit card to someone else's? ›
Another option is to use a money transfer provider — like Wise, Western Union® or Xoom®. In this case you can still pay for your transfer with a debit card, and your funds may be deposited to the recipient's bank or mobile money account, or collected in cash at an agent location, depending on the service you select.
How can I send money with only my debit card number? ›
To transfer money with only a card number and CVV, you can use a money transfer service such as Western Union or MoneyGram. These services allow you to send money to anyone in the world, even if they don't have a bank account.
Can someone use my debit card without a PIN? ›
Fraudsters can still use your debit card even if they don't have the card itself. They don't even need your PIN—just your card number. If you've used your debit card for an off-line transaction (a transaction without your PIN), your receipt will show your full debit card number.
Can I transfer money from debit card to another account online? ›
You can either use the bank's online banking platform or download their mobile application to initiate the transfer. Once you have selected the bank or payment platform, you need to add your debit card details to the platform. This includes your debit card number, expiration date, and CVV code.
How do I transfer money from one prepaid debit card to another? ›
Follow these steps to send money from your prepaid card to your recipient:
- Download the card-issuer app or visit their website,
- Sign in and navigate to the 'send money' option,
- Enter your recipient's bank details,
- Enter prepaid card details,
- Confirm your transfer.
The short answer is yes, you can send money online using a credit or debit card.
