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Mastercard Send is the only personal payments service of its kind where you can reach virtually all debit card accounts. You can also send and receive funds typically within seconds.1 Depending on receiving financial institution 2 Merchants should be properly licensed as federal, state and local law require Mastercard does not transmit funds. All funds are transmitted by the licensed financial insitution for whom we provide data processing services. Availability of insurance benefits on your card may vary by card issuer. Please refer to your issuing financial institution for complete insurance benefit coverage terms, conditions and exclusions. MASTERCARD BENEFIT INQUIRIES Within the U.S.: 1-800-Mastercard (1-800-627-8372) | Outside the U.S.: Mastercard Global Service Phone Numbers 1. Card registration required. Certain restrictions apply. Contact the issuer of your card immediately to report your lost or stolen card. You can use the customer service toll-free number listed on the back of the card. Be sure to keep a record of the Mastercard card number. Your issuer may need this information to cancel the card and issue a replacement. You can also contact Emergency Services for additional assistance. In the event your card is lost or stolen, your card issuer will not hold you responsible for unauthorized purchases made on your card. Terms and Conditions. 2. Certain terms, conditions and exclusions apply. Cardholders need to register for this service. This service is provided by Generali Global Assistance, Inc. Please see your guide to benefits for details, or call 1-800-MASTERCARD. 3. In order for you to be paid early, your payroll or benefits payment provider must submit the deposit early. It is important to note that your payroll or benefits payment provider may not submit the deposit or payment early each payment period. Be sure to ask your payroll or benefits payment provider when they submit your deposit information to the bank for processing. Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to payer’s support of the feature and timing of payer’s funding. 4. Standard data and messaging rates may apply from your wireless service provider. *Transaction approvals depend on the applicable payment network and receiving financial network. Actual posting times depend on the receiving financial institution. **Additional information may be collected by the transaction originator for P2P transactions. If you’re the lucky holder of a Mastercard gift card, you may be tempted to go out and spend for all you’re—and it’s—worth. Those of you that are more money-conscious may choose to save the money for later and use it to top up your bank balance. Can you bank the money on a card for later use, though? This article explains how to transfer a Mastercard gift card to a bank account—read on and get the best tips and workarounds! That’s not all! You will also learn how to get Mastercard and other gift cards for free using Mode Mobile products!
AspirationFOR A LIMITED TIME, earn a $75 Mode Mastercard! Plus, get up to $200 + up to 10% cashback when you create a new account and link your bank to Aspiration! Transferring a Mastercard Gift Card to a Bank Account—Is There an Easy Way?There is no straightforward way to transfer your balance directly from a Mastercard gift card into your bank account. You can’t, unfortunately, insert your Mastercard gift card into an ATM, select an option, and watch your bank balance climb. While a transfer into a bank account via an ATM is usually possible with a credit or debit card, the only way you can use a Mastercard gift card is to:
Pay for Goods or Services In-StoreMastercard gift cards can be used in the same way as a debit card—whether you are at home or abroad, you can use your Mastercard gift card in any Mastercard-affiliated:
This being said, you can normally only use physical Mastercard gift cards in-store—eGift cards are not usually accepted in outlets. Buy Items OnlineMastercard gift cards can also be used to pay for goods or services online—by using your Mastercard gift card as you would a regular debit card, you can shop online to your heart’s content. The only limitations to the use of your Mastercard gift card may be a result of:
Withdraw Cash From an ATMYour Mastercard gift card works like a normal debit card if you want to withdraw cash from an ATM. By inserting the card and typing in your PIN, you can withdraw any amount of cash up to the preloaded value of the gift card. This is only true of physical gift cards, though—you can’t use a virtual card to make ATM withdrawals. Source: rupixen How Can You Transfer a Mastercard Gift Card to Your Bank Account?While Mastercard does not allow direct balance transfers from a gift card into a bank account, there are a couple of workarounds you can try to make the process manageable. The easiest options are via:
Going With the MoneyGram RouteMoneyGram is a remittance provider that's been around for decades and has a great reputation for:
To transfer a Mastercard gift card balance into your bank account, you need to send yourself money by following the steps presented in the table below:
Once you complete these steps, your transaction should be finalized within a few minutes. Note that there is a charge for the service, as follows:
Using the PayPal OptionIf you have a PayPal account, transferring a Mastercard gift card balance into your bank account is an option. Even if you don’t have one, the set-up process is quick and easy and requires you to provide your:
Your account should be activated within minutes, at which point you can start transferring your Mastercard gift card balance into it. Follow the steps below to do so:
Typically the fees for this type of transaction are:
Can You Cash Out a Mastercard Gift Card?Depending on your location, the simplest way to transfer the funds from your Mastercard gift card to your bank account could be to make a cash transaction. If you live or work near a branch of your bank, you may be able to draw cash from your Mastercard gift card at an ATM and deposit it physically in your bank account. This is only possible, though, with a physical Mastercard gift card—virtual gift cards from Mastercard do not allow ATM withdrawals. If you don’t live near a branch of your bank or if you have an eGift card, you will have to use one of the methods described above to transfer your gift card balance into your bank account and withdraw cash from there. Getting a Mastercard Gift Card For FreeWith the flexibility a Mastercard gift card offers, getting a free one—fully loaded with cash and ready to use as you please—is an offer too good to miss! Step forward Mode Mobile, a company dedicated to helping you earn rewards by using your phone for everyday tasks. We’ve created two complementary products for earning:
Source: Mode Mobile How To Earn Rewards With the Mode Earn AppThe Mode Earn App is available on Google Play for free. It has already been downloaded over 30 million times and earned a rating of 4.4 stars. The app runs in the background of your phone and awards you points for most activities, like:
Once you have accumulated enough points, you can start turning them into rewards like:
How Much Can You Earn With the Mode Earn App?With our current earning models, using the Mode Earn App every day can get you up to $600 a year in rewards! Whatever you earn can be converted into rewards, and we’re always looking for ways to help you earn more. Download the Mode Earn App today and start earning! Source: Mode Mobile Can You Increase Your Rewards?If $600 a year isn’t enough for you, there’s an easy way to double your rewards—the Mode Earn Phone! The Mode Earn Phone is a high-end device that comes preloaded with the Mode Earn App and a widget offering you 16 earning modes (e.g., Games Mode, Music Mode, Surf Mode, etc.). The phone also features:
Getting a Mode Earn Phone means your rewards are doubled automatically, giving you an earning potential of $1,200+ a year. How To Get a Mode Earn PhoneYou have two ways to get your hands on a Mode Earn Phone:
An added perk is that you can recoup the cost of your Mode Earn Phone in a couple of months through the rewards you earn! Get a Mode Earn Phone today and take control of your finances! Featured image source: PhotoMIX-Company Can I transfer money from a prepaid Mastercard to my bank account?Most prepaid cards will allow you to log in and transfer money from your prepaid card to your bank account by using the card's online app or website.
Can you transfer money from a Mastercard gift card to a bank account?You can't, unfortunately, insert your Mastercard gift card into an ATM, select an option, and watch your bank balance climb. While a transfer into a bank account via an ATM is usually possible with a credit or debit card, the only way you can use a Mastercard gift card is to: Pay for goods or services in-store.
How do I transfer my prepaid card to my bank account?You can typically transfer money from your prepaid card to your bank account online, by logging in to prepaid card's app or website. If your prepaid card does not allow transfers to bank accounts, you can use a third party service like MoneyGram to make the transfer.
How do I get cash from my prepaid Mastercard?You may withdraw cash against the balance on most Mastercard prepaid and gift cards at any ATM. However, not all prepaid and gift card issuers allow ATM or foreign transactions. Be sure to check with your card issuer to ensure that these types of transactions are permitted.
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