A debit card is a payment card that can be linked to a bank, mobile wallet account, or credit union. In contrast, a prepaid card is not linked to any credit union or bank. However, it can be linked to any suitable institution.
You can use a prepaid card and debit card to purchase services and goods, withdraw funds from ATMs and send money.
However, if you want to know how to transfer your money from your debit card to your prepaid card, you have come to the right place! In this article, we will discuss all the methods and steps to transfer money from a debit card to a prepaid card.
Methods to transfer money from a debit card to a prepaid card
The first and most important requirement is to have a debit card!
If you don’t have a debit card, open a checking account at a bank. Most banks issue a debit card when you open a savings account. You can use it to transfer money, purchase goods, or make online payments only if your checking account has money in it.
Also, as we mentioned, your checking account must have a balance before you can use your debit card to transfer money.
Transferring money from your debit card to your prepaid card is a simple process. If you carefully follow the steps below, you will be able to seamlessly transfer money from your debit card to your prepaid card.
Follow these steps to seamlessly transfer money from a debit card to a prepaid card:
Before you start the money transfer process, you should have your prepaid card account number and routing handy. This is because your debit card and prepaid card are two different cards that are not related.
The process of transferring money from your debit card to your prepaid card is possible in two different ways. Choose the one that suits you best!
Method 1: Online Money Transfer
Opting for this method allows you to transfer the money in just a few clicks and minimal steps.
Steps:
- Have your prepaid card routing number and account number handy.
- Now log in to your debit card account.
- Find the section that allows you to transfer money online.
- Now initiate the transfer. You can do an AHC transfer or a bank transfer.
Method 2: Send Money Using an ATM
This is an alternative method to transfer money to your prepaid account using your debit card. This method is time-consuming as it requires you to visit an ATM to initiate the transfer.
As you might already know, an Automated Teller Machine (ATM) is not restricted to a single purpose of withdrawing money, it also allows you to transfer money to cards. Hence, could be used to transfer money from your debit card to your prepaid card. Remember to have your prepaid card issuer information and prepaid card number handy.
Follow these steps to transfer money to your prepaid card just by pressing a few buttons.
- The first step is to go to an ATM.
- Insert your debit card into the card slot.
- Choose the language of your choice.
- Now enter the ATM Pin and press “Yes” to continue.
- In this step, choose the “Fund transfer” option from all the available options displayed on the ATM screen.
- Enter the required data such as the prepaid card account number and the prepaid card issuer’s details.
- Select the type of account: Savings or Current Account.
- Enter the amount you wish to transfer to your prepaid card.
- Now click on the “Correct” option.
- In this step, click on the “Yes” option to go ahead with the money transfer process.
The money will be successfully transferred to your prepaid card. Your prepaid card will be recharged with the amount you have transferred.
As we have seen, we need to have some basic information such as routing information, prepaid card account number, and prepaid card issuer data in either method. Hence, it is advisable to have the information at hand before initiating the money transfer process.
What is the difference between an AHC transfer and a wire transfer?
An AHC transfer would take up a few days before the funds are transferred to your prepaid card and the card is recharged. But the main advantage of using the AHC transfer is that it allows you to reverse the transfer.
A wire transfer is an immediate transfer. Your prepaid card is reloaded immediately. But it is not possible to reverse the transfer using this method.