How To Transfer Money from Credit Card To Bank Account

Do you want to transfer your credit card money to your bank account? If yes then here we will tell you, how to send a credit card balance to any bank account using Paytm.

If you are using Paytm wallet then it is very easy to transfer your credit card amount to a bank account.

For some reason, if you need urgent money and if you have a credit card then follow the below steps and send credit card money to our bank account instantly.

Transfer Credit Card Money to Bank Account

Step 1: Open Paytm Application and login to your account. Open the Wallet section and proceed to add money.

paytm wallet

Step 2: Enter the amount which you want to transfer from your credit card to your bank account.

paytm wallet add money

Step 3: Select “Credit Card” option to add money to your wallet and enter your credit card number expiry month and year and CVV.

paytm wallet add money

Step 4: After successfully adding the money to your Paytm wallet, now you can transfer this wallet money to your bank account.

Step 5: Open All services list, select Wallet, and click on “Wallet to Bank

paytm wallet add money

Step 6: Enter the amount and proceed.

Transfer Money From Paytm Wallet To Bank Account

Step 7: Now enter the bank account details like account number, account holder name, and IFSC code and submit.

Transfer Money From Paytm Wallet To Bank Account

Step 8: Once again enter the account number again to confirm it.

Transfer Money From Paytm Wallet To Bank Account

Step 9: Next screen, check the amount again and confirm your transaction.

Transfer Money From Paytm Wallet To Bank Account

Step 10: Enter the OTP received on your Paytm registered mobile number and authenticate transactions.

Transfer Money From Paytm Wallet To Bank Account

Done! amount successfully transferred to your bank account.

Transfer Money From Paytm Wallet To Bank Account

So this way, credit card users can transfer money from credit card to bank account.

Frequently Asked Questions

(1) How can I transfer money from a credit card to a bank account without fees and charges?

Answer: In my case, there no charges or fees levied by the bank or Paytm to transfer money from a credit card to a bank account. Paytm already waived off charges for the wallet to bank transfer so you can try this method.

(2) What is the easiest way to transfer cash from credit cards to a bank account?

Ans: You can add credit card money to Paytm wallet and then transfer this amount to your bank account from the wallet and the good news is that Paytm wallet to bank transfer charges is NIL.