Sending Money with Prepaid Cards
Prepaid cards provide an easy and convenient way to transfer money electronically. Here is a guide to help you send money with a prepaid card.
Steps to Withdraw Money from Prepaid Card
- Step 1: Activate the prepaid card. After receiving the prepaid card, you must often visit the card issuer’s website and provide some basic information for activation.
- Step 2: Login to your online account and provide the details of the amount to be sent.
- Step 3: Input the recipient’s details. You need to provide the recipient’s name, address and email address.
- Step 4: Confirm the transaction. Before you can send the money, you must agree to the card issuer’s terms and conditions.
- Step 5: Finalise the transfer. After you have agreed to the terms and conditions, the transfer will be complete.
Fees and Limitations
It is important to note that some prepaid cards may charge additional fees for transferring money. For example, there may be foreign exchange fees for international transfers or a transaction fee for each payment. You should always check with the card issuer for more information about fees and limitations.