Prepaid cards offer a convenient way to pay for goods and services which is why, most account holders will want to transfer money from bank account to prepaid card online in order to shop with convenience.
This is primarily because, unlike bank accounts, prepaid cards are widely accepted as a payment method as long as they are under popular issuers such as Mastercard or Visa card.
Your prepaid card can be easily recharged online using funds from your bank account or another prepaid card.
Consumers frequently use prepaid debit cards to help them control some of their spending.
These cards can also be used to give students and children allowance while teaching them how to use credit cards and send money to family members who live far away.
But eventually, you'll need to reload your prepaid card. Adding money via a bank transfer is one way to do this.
That being said, if you're trying to figure out how to proceed with transferring money from bank account to a prepaid card, you're at the right place.
In this article, I'll show you how to transfer money from bank account to prepaid card online and instantly.
Table of Contents
Can I Transfer Money from Bank Account to Prepaid Card Online Instantly?
Yes, you can transfer money from your bank account to prepaid card. But first, you'll need to gather details about your prepaid card, like its account and routing numbers.
The prepaid card must then be added to your regular bank account. Money transfers between your prepaid card and bank account can be quick and simple once they are connected.
How to Transfer Money From Bank Account To Prepaid Card Online Instantly
Transferring money from a bank account to prepaid card requires some little steps which are as follows.
Step 1: Get the Account Number and Routing Number
Obtaining the bank account and routing numbers linked to your prepaid card is the first thing you should consider doing. The issuing bank for each prepaid card is typically distinct from the card issuer.
For instance, MetaBank, Member FDIC, is the issuing bank for the Netspend® Visa® Prepaid Card.
The account number is a special number that distinguishes your prepaid card from the one that is printed on the front. The bank that issued your prepaid card can be located using the routing number.
Obtaining this data for your prepaid card is simple. Log into your Netspend account, for instance, and choose the button or link to add money or transfer money.
The routing number, account number, and issuing bank for your card will be listed under the option for adding money from a bank account.
Step 2: Add Your Prepaid Card to Your Bank Account
You must open an external account through your bank in order to transfer money from your bank account to any other account. Although the process differs slightly from bank to bank, the fundamental steps are the same.
Navigate to the location where you can make a transfer by logging into your bank account. You should be able to open an external account through your bank.
Here, you can open an external account using the bank, account number, and routing number of your prepaid card. Call your bank if you experience any issues, and they should be able to guide you through the steps.
Step 3: Test Deposits
Your bank will probably require verification of two small test deposits to the account before you can transfer money to your prepaid card (or any new account, for that matter).
You log into your bank account and enter the test deposits' amounts once they appear in your account.
By doing so, you can confirm that the external account has been set up properly and that your prepaid card account is receiving the transfers.
You should be able to transfer funds from your bank to your prepaid card once this verification is finished.
Step 4: Transfer Money from Your Bank Account to Your Prepaid Card
Money transfers are easy once your prepaid card is set up with your bank.
Go to the transfer page on your bank's website and choose the prepaid card account as the account to which you want to send the money, the amount to send, and the account from which you want to send the money.
It's crucial to understand that the funds won't be accessible on your prepaid card right away because transfers typically take at least one business day.
How Long Does it Takes to Transfer Money from Bank Account to Prepaid Card Online Instantly
We need to take into account two processes before determining how long this transfer might take.
Similar to an online instant transfer of funds from a bank account to a prepaid card, the process of linking your prepaid card to your bank account takes three to five days.
The entire transfer process might take 4 to 7 days to complete.
Other Methods to Transfer Money to a Prepaid Card
There are alternative ways to load money onto your prepaid debit card besides a bank transfer.
There are a variety of innovative financial products and services available, so you don't have to use a traditional bank to add money to your prepaid debit card.
One option is direct deposit. Direct deposit can be set up for you by your employer.
Once you've set up your prepaid debit card, you can have some or all of your paycheck delivered to it. Each prepaid debit card will need routing and account number information.
You can also load money onto your prepaid debit card using PayPal.
Your PayPal account now has the ability to accept debit card additions and money transfers.
The only information needed is the debit card number, expiration date, and security code.
PayPal can now transfer money from your account to your debit card thanks to this.
The transfer typically takes between 10 and 30 minutes. It costs 1 percent with a $10 maximum, which is less than many wire transfers from conventional banks.
Your person-to-person payment app can be linked to your prepaid debit card as well.
Venmo is a nice example.
To receive money sent to you via Venmo on your debit card, add the details of your prepaid debit card to the app. It only costs a dollar and only takes a few seconds.
Final Thoughts: How to Transfer Money from Bank Account to Prepaid Card Online Instantly
If you use a prepaid debit card as part of your money management, you must be able to transfer money to it.
After weighing your options, you can reload your card using a bank transfer or one of many other options.