Ways To Transfer Money From Credit Card To Bank Account

Credit report

Credit cards act as a rescue guard if you need a pinch of cash. But it is sometimes difficult to use credit cards for some payments. Fee on deposits, stocks and money orders are all examples of how a credit card fee is not approved. You can always transfer money from your credit card to your bank account in such a situation. Here’s all you need to know about a deal like this. If you want to transfer money you can opt to best money transfer credit card.

There are 2 cases when it comes to transferring money from a credit card to a bank account.

If banks allow you to make a bank transfer credit card.

You can make direct transfers to the bank through net banking, a credit card, a telephone or via e-wallet connected to your bank account.

When banks restrict you to make a credit card to bank account transfer, you can transfer money using cheques or ATM cash advances.

Direct Transfer to Bank Account

You can transfer money via the net banking app or even over the telephone from your credit card to your bank account. Because the transfers from bank to bank vary from day to month, you must check this with your bank in order to receive updated information. The transfer is virtually instant if you transfer funds to an account on the same bank as the credit card. But it should take 2 to 3 business days if the move to an account with another bank.

Net Banking

You can transfer the money directly via the online banking account of your credit card.

What is the procedure?

Step 1: Firstly open your bank’s website

Step 2: Now log in to your credit card account

Step 3: Select the transfer option

Step 4: Enter the amount you want to transfer

Step 5: Enter the required details mentioned in the form

Step 6: Follow the prompts to complete transactions

What are the charges?

The costs of a credit card transfer to a bank account differ from bank to bank.

Phone Call

If the cash is needed immediately and you have no internet access, the transfer is always made by telephone.

What is the procedure?

Step 1: Call your credit card company

Step 2: Request for a fund transfer

Step 3: Confirm the amount you want to transfer to the bank account

Step 4: Provide the bank account number and other details required

Step 5: Follow the prompts to complete the transaction

What are the charges?

The transfers from a credit card to a bank account are charged by telephone to the same amount as is charged via a net bank.

What are the other transfer options do I have?

Do not worry, there are certain hacks approved around this if your bank doesn’t permit you to transfer your credit card to a bank account. A few choices can be considered here:


There is a facility called ‘ Self-check ‘ in which you can write a check. The money is collected and credited to your bank account from the credit card.

What is the procedure?

Step 1: Include the name of the payee as ‘Self’ 

Step 2: Include other necessary information as you normally would while writing a cheque

Step 3: Deposit the cheque at your bank branch

What are the charges?

The rates and the fees available depend on your bank’s collection of cheques and deposit charges.

ATM Cash Advance

ATM cash advance is a way of withdrawing your credit card cash from an ATM and deposit it on your bank’s account.

What is the procedure?

Step 1: Withdraw cash using your credit card at an ATM

Step 2: Deposit the cash at your bank’s branch. Opt zero interest balance transfer credit cards available in the market.

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