Day by day, e-wallets are becoming popular, and online payments are becoming mainstream, replacing cash and card payments. One such popular e-wallet is Amazon Pay, which was launched by Amazon and integrated into the all-in-one Amazon app.
However, users are often confused about whether it is possible to transfer their Amazon pay balance to their bank account or not. If the answer is yes, then how do you do so?
This article provides the step-by-step guide on transferring Amazon pay balance to a bank account and more.
How to Transfer Your Amazon Pay Balance to Bank Account?
You may have received some cash back in your Amazon Pay Wallet or an Amazon gift card as a Diwali gift and may have already redeemed it in your Amazon Pay Wallet. You can use the Amazon Pay balance in two ways. Firstly, you can use the same to pay for your next purchase on Amazon. Secondly, you can transfer the amount to your bank account and use it for any purpose you wish.
You cantransfer your Amazon Pay balance to your bank account by simplynavigating to the Amazon Pay section in your Amazon app. Tap on ‘Send money’, then tap on the option ‘Bank Transfer’. Here, you will have to enter some basic details like account number, IFSC code, etc. Then, enter your amount and confirm the same to complete the transaction.
You can get much clearer guidance on how to transfer the Amazon Pay balance to your bank account by following the step-by-step guide given below. However, please ensure that you havecompleted your Amazon KYC verification. This feature to transfer money to your bank account is only available upon successful completion of your Amazon KYC verification. You can easily complete the KYC verification process as it is free and has no fees.
Step-by-Step Guide on how to Transfer Amazon Pay Balance to Bank Account
Here is thestep-by-step guide to transfer your Amazon pay balance to your bank account:
Step 1:To start with, open the Amazon app on your smartphone and sign in to your Amazon account if you have not already.
Step 2:Click ‘Send Money’ under the ‘Quick Links’ section.
Step 3:In theSend Money interface, you will find an option called ‘Bank Transfer’; tap on it.
Step 4:Here, you will have to fill in some basic details such as IFSC code, bank account number, and name and then tap on ‘Pay Now’.
Step 5:Then, enter the amount you are willing to transfer and confirm the same.
Step 6:Now it will show you the payment method interface, then tap on ‘Show more ways’, choose ‘Pay using Amazon pay balance’, and tap ‘Continue’.
The amount will be transferred to your bank account successfully.
Conclusion
Now, you know how to quickly transfer the Amazon pay balance to your bank account. The steps are quite simple, but you must ensure you have completed your Amazon KYC verification. You can only transfer your Amazon pay balances if you have completed your Amazon KYC verification.
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FAQs
You can transfer your Amazon Pay balance to your bank account by simply navigating to the Amazon Pay section in your Amazon app. Tap on 'Send money', then tap on the option 'Bank Transfer'. Here, you will have to enter some basic details like account number, IFSC code, etc.
Can Amazon Pay balance be transferred to bank? ›
Can I transfer Amazon Pay balance: Money to bank? Yes. As a Full KYC customer, if you register for Amazon Pay balance UPI handle, you will be able to able to transfer to any bank account via UPI.
Can I transfer my Amazon balance to my bank account? ›
If you want to withdraw funds from your Amazon payments account, you can do so by initiating either an Amazon.com Gift Certificate purchase or a transfer to your bank account. To transfer funds to your bank, you must complete the bank account verification process.
How to transfer Gift Card balance to bank account? ›
Check if your card issuer offers bank transfers on their website or app. If available, locate the "transfer" or "move money" option. You'll need your bank account details (account number and routing number) and the amount you want to transfer.
How to refund Amazon Pay balance? ›
On the Manage Transactions page, locate the transaction for which you want to issue a refund. In the Action column, choose Refund from the list of options (or click the Amazon Reference ID link for the applicable transaction, and then on the Details page that opens, click Refund).
How to transfer money from wallet to bank? ›
Step 1: Open the Paytm app on your mobile device. Step 2: Scroll down to the 'My Paytm' section and click the 'Paytm Wallet' tab. Step 3: Select the 'Transfer to Bank' option on the next page. Step 4: Enter the amount for the money transfer on the new window.
Where can we use Amazon Pay gift card balance? ›
This balance can be used to buy 15cr+ products on Amazon, recharges, DTH recharges, third party merchants like BookMyShow, Faasos, Yatra, Box8, Haptik etc. The amount can be used to purchase things from all the sites/partners which accept Amazon Pay balance.
How to check Amazon Pay balance? ›
Click Your Account at the top of the page. Log in to your Amazon Payments account. The Overview page appears, displaying your Account Balance and Account Activity, showing the most recent transaction at the top with date, type, payment to, name of the recipient, status, amount, fees, and account balance.
Can I send an Amazon gift card balance to the bank? ›
No, as per regulations, money added as Gift Cards cannot be transferred to any bank account.
Can I cash out my Amazon gift card balance? ›
You may not: Sell or exchange a gift card for cash or for any other prepaid payment instrument. Give or receive a gift card as payment for goods or services off of Amazon.
How to transfer money from a credit card to a bank account
- Log in to your online banking portal, app or credit card account. ...
- Select the credit card you want to transfer from and look for an option to request a money transfer. ...
- Request the fund transfer you want to make.
You can transfer your Amazon Pay balance to your bank account by simply navigating to the Amazon Pay section in your Amazon app. Tap on 'Send money', then tap on the option 'Bank Transfer'.
How to transfer Amazon balance to bank account? ›
Here's a step-by-step guide on how to transfer the Amazon Pay balance to bank account:
- Step 1: Start by logging in to the Amazon account and navigate to the 'Amazon Pay' dashboard. ...
- Step 2: Click on 'Send Money. ...
- Step 3: Within the 'Send Money' menu, choose the 'To Bank' option.
Redemption: Gift Cards may only be redeemed toward the purchase of eligible products on Amazon.in and any other third party merchants that are enabled to accept the Gift Cards.
Where can we use Amazon Pay Gift Card balance? ›
This balance can be used to buy 15cr+ products on Amazon, recharges, DTH recharges, third party merchants like BookMyShow, Faasos, Yatra, Box8, Haptik etc. The amount can be used to purchase things from all the sites/partners which accept Amazon Pay balance.
What is the limit of Amazon Pay balance? ›
Limits - You will be able to load money in such Full KYC Wallet up to a maximum of INR 500,000/- per month. The available balance in such Full KYC Wallet shall not exceed INR 100,000/- at any given point of time.
Does Amazon do bank transfers? ›
Amazon transfers money to your bank account through an Automated Clearing House (ACH) or electronic funds transfer.
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