Nowadays, several options exist to get a debit card accepted in the U.S. and the rest of the world. More and more virtual wallet applications or digital banks are appearing that provide us with these alternatives to make purchases, pay for services, etc.
One of them is Klarna. It is a Swedish financial company that is affiliated with hundreds of businesses, such as Amazon and Lenovo, among others. If you already have a card from this financial company, you may wonder how to get cash from Klarna. Here we tell you if it is possible, among other related questions.
What is Klarna, and what type of card do I obtain?
It is a bank whose main branch is located in Sweden and has a branch in Germany. Although it is based in Europe, it is an option that has become very popular in the United States. People with a European account number mainly use it to make transactions through IBAN.
Like any other bank, it provides a debit card, in this case, sponsored by Visa. That is why it is accepted by virtually any merchant, whether physical or digital, in the U.S.
One thing in its favor is that your payments with the Klarna Bank Card are processed in real-time. But, then, this is where many users wonder if it works for cash withdrawals.
So, can I withdraw cash with a Klarna Card?
It depends. As stated above, it is possible to operate with your Klarna card in the same way as with any other similar bank plastic. However, this is only possible if you are a Klarna Bank Card user.
The Klarna Card, on the other hand, does not allow you to make cash withdrawals, although it does allow you to make purchases and make payments at any merchant. To give you a better idea, this card operates like a credit card; you can finance your purchases: buy now and pay later.
Steps to withdraw cash from my Klarna Bank Card
Now that you know which card you can withdraw money with, we will explain the procedure. Before doing so, please note that you can only withdraw money 2 times per month. Follow these steps to proceed with the application:
- If you already have your Klarna debit card issued by Visa, look for an ATM near you.
- Insert your Klarna card at the ATM.
- Enter your PIN Code.
- Proceed to withdraw the requested amount.
Fees for withdrawing money from a Klarna Card
If this is the first or second time you have withdrawn money from your Klarna Card, you will not be charged any transaction fee. However, after that, you will be charged a fee (depending on the country), which can vary from 1 to 2.5 €.
The positive thing about Klarna is that it is free of charge, i.e., no application fee. When you receive it, activate it from the app. On the other hand, if you are wondering how long it will take for the card to arrive at your home, the deadline is 7 business days.
The Klarna card works with Apple Pay and Google Pay. Once it is activated, you can connect it to any of these options. If you lose it, you can request a new one, which is also a free service.
Can I transfer money from Klarna to a bank account?
Yes, you can transfer money to another bank from your Klarna account quickly and securely. You don’t need to register a new account or have money on your debit card. Just follow the instructions below:
- Select your Klarna card as the payment transfer method.
- Choose the bank and country to transfer the money.
- Enter your bank information. At this point, make sure the information is correct.
- Once the transfer is processed, you will receive a code on your cell phone to validate the operation.
- Enter it in the app, and that’s it. You have now transferred money from Klarna to a bank account.
Important: you can only send money in the currency handled by the Klarna Bank. Therefore, check that the recipient account allows receiving euros. Otherwise, the transaction will not be processed. You can also check if you can use Klarna on PayPal.
What if I need to get cash from my Klarna Card
If you are a Klarna cardholder, remember that it is not possible to withdraw money from an ATM. However, you can use your Klarna on Amazon to purchase a Visa Prepaid Gift Card.
With this card, you will be able to withdraw money. Of course, it is an indirect alternative to withdrawing money from the Klarna card. On Amazon, you can find Visa gift cards from $20 to $200. Note that each is subject to a “Purchase Fee,” a method card issuer use to earn money. Depending on your purchase value, this fee ranges from $4 to $7.
There are other methods to withdraw money from the Klarna card. You can use it to fund your bank account if you already have an account with an APP that allows you to reload debit cards, such as Wise. But they are much more complex, as you must create a payment link that is then converted into a virtual card.
References:
- Klarna Bank Account – klarna deutschland (no date) Klarna Bank Account – Klarna Deutschland. Available at: https://www.klarna.com/de/bank-account/