Getting Cash from a Prepaid VISA Card
A prepaid Visa card is an excellent payment instrument for shopping, making online purchases and more. However, few opt to use it when needing to withdraw cash. This article will discuss several ways to access cash with a prepaid Visa card.
One of the most common methods to access cash with a prepaid Visa card is through an automated teller machine (ATM). However, you must find out if the institution that issued your Visa card allows cash withdrawals and in which countries they are available:
- Check Authorization: Check if your prepaid Visa card is allowed to perform cash withdrawals. If it is not authorized for this purpose, you will be unable to withdraw cash from an ATM.
- Check Restrictions: Some institutions have restrictions in certain countries, so check if your card works in the country in which you are located.
- Check Fees: Check if there are any fees associated with withdrawing cash from an ATM with your prepaid Visa card.
Cash Back at Stores
Another convenient way you can use the prepaid Visa card is to get cash back when making a purchase in a store that accepts it. Some stores allow customers to get cash back with a minimum purchase and using a PIN. Check with your prepaid Visa card issuer to learn which locations you can get cash back.
Reminder Before Withdrawing Money
It is important to remember that cash withdrawals can be expensive due to fees charged by the ATM loan provider, the card issuer and sometimes even the merchant. Fees can include a flat fee on the transaction, a percentage fee and a foreign exchange fee. Depending on the country and your provider, the fees can vary significantly. Be sure to read the fine print to determine what fees you might incur when withdrawing cash from ATM.
Withdrawing cash from a prepaid Visa card can be convenient and easy if you know the limitations and fees associated with it. Be sure to check if your card is authorized for cash withdrawals and if the country in which you are located allows it. Also, research all potential fees associated with the transactions. Finally, consider your other options for getting cash to determine which is most cost effective for you.