Hi Rawal,Credit cards tend to be our saviours especially when there is some unanticipated spending which occurs out of nowhere. So using the credit or the money from the credit card in our bank balance seems to be a life-saving tool. I know this because I have transferred the credit or money from my credit card into my bank account previously and I must tell you, it is a very easy task to understand how to transfer money from credit card to bank account.How to Send Money from Credit Card to Bank Account?Money can be transferred from a credit card to a bank account in two ways. One being the offline way of transferring money and the other being the online way of transferring money. Both are easy ways and can be done quickly.How to Add Money from Credit Card to Bank Account Via Offline Mode?
As we already know, offline transfer requires no internet connection. Although the offline process is longer, it serves the same purpose at the same charge. Offline transfer can be done in the following ways:
ATM cash advance: Through this method, you can take out the credit card cash from the ATM and transfer it to the bank account by depositing it in the bank.
Phone Call: This is the quickest way of transferring money from a credit card to a bank account. All you need to do is follow the steps ahead;
Call your credit card provider and raise a request for fund transfer
Double-check the amount requested for depositing in the bank account
Provide the necessary details like account number
Lastly, follow their instructions and finish the transaction.
Cheques: You can send a cheque to yourself by writing ‘self’ as the name of the payee and deposit it into the bank and transfer the money.
How to Transfer from Credit Card to Bank Account Via Online Mode:
There are many online ways to understand how to transfer credit card balance to bank account, like;
E-wallets: Through this you can directly transfer from your credit card to your bank account.
Internet Banking: Through e-banking you can have the details of the credit card’s bank account and use it to transfer money to your bank account.
I knew that we can transfer money from debit card to bank account but the method of credit card to bank account transfer was all new to me. My friend asked me about it but I couldn’t answer it. He then asked someone else in front of me and that is when I learnt about the process. The best part I learnt is that it can be done both offline and online. Vinay Ji has mentioned the details quite nicely, still let me frame the answer for you more precisely.Get home loans at the best interest rates through NoBroker anytime Get to know your monthly payable Equated Monthly Instalment via NoBroker
How to add money to bank account from credit card?
Since there are both offline and online methods available to add money from your credit card to your bank account, let me share all the ways here.OfflineMany people find offline methods easier than online methods and it's absolutely okay. If you want to add money from a credit card to a bank account offline, you can
Use cheques to transfer money from your credit card to your bank account. Use “Cheque to Self” providing the bank necessary details like bank number, amount and all. Then visit the nearest bank branch and deposit it there. You will get the money within a few working days
My friend used an ATM to do it. Use the ATM cash advance facility and withdraw the cash from the ATM. Deposit this money into your bank account and it's done.
If all these fail, just use NEFT or RTGS. You will need to collect a transaction form from your bank and fill it up with the necessary details like the amount, account number and more first. Then simply submit it to the bank officials and they will transfer the amount within a few days.
OnlineFor the online purpose the best way is to use your net banking website. Suppose you have an SBI credit card. Here is what you can do
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How to Transfer Money from Credit Card to Bank Account?
Rawal Raj
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April 19, 2022
2022-04-19T20:30:56+00:00 2022-05-04T16:00:08+00:00Comment
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Banking
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