How to transfer money from Amazon Pay wallet to your bank account — a step-by-step guide - CNBC TV18 (2024)

Amazon Pay, a service offered to Amazon customers, offers a broad spectrum of uses, from shopping on Amazon.in to ordering food, booking cabs, and even paying utility bills. Customers can scan and pay using it on any QR.

This Unified Payment Service (UPI) handle allows users to utilise their Amazon Pay Wallet to transfer money via UPI to their bank accounts.

It's important to note that this feature doesn't apply to the Amazon Pay gift card balance.

In order to complete know your customer (KYC), users can log in to Amazon account and navigate to the ‘Amazon Pay’ dashboard. They are then required to click on the ‘Amazon Pay Balance’ button at the top of the page.

Further, users can click on 'Upgrade now' on this page to initiate full KYC.

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. This can typically be found in the payment section of the account.

Step 2: Click on 'Send Money.' Once on the 'Amazon Pay' dashboard, locate and click on the 'Send Money' option. This will open up a menu with various transfer options.

Step 3: Within the 'Send Money' menu, choose the 'To Bank' option. This step is crucial as it specifies that users intend to transfer their funds to the bank accounts.

Step 4: Provide the necessary information such as the bank account details. Double check the accuracy of the details to ensure a smooth transaction.

Step 5: After entering the bank details, click on 'Pay Now' to initiate the transfer process. The Amazon Pay Balance will be transferred to the bank account.

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