How to Transfer Money From a Credit Card to a Checking Account Online

Transferring money from a credit card to a bank account will put cash in someone's pocket, but beware of fees and interest rates

Transferring money over the Internet has become the fastest way to make payments or get money to someone. In today's world, there is probably more money represented in electronic databases than there is on the street. Moving this money around is as easy as a few clicks on your mouse, and most services charge only minimal fees for the convenience of making payments right from your living room.

Instructions

1. Sign up for a Western Union account. You must fill in the state you are sending money from and the country you are sending money to. Select "Direct to Bank" as the money transfer service you want, then check "I am a New Customer."

2. Enter your name, address, phone number, email address and birthday. The address and phone number you give must be the ones listed on your credit card bill.

3. Choose a user name and password. Choose three security questions and provide an answer for each.

4. Agree to Western Union's terms and conditions. You will be prompted to copy a security code before continuing.

5. Enter the receiver's first and last name, the receiver's city and state, and the receiver's bank account number and routing number. Enter the amount you want to send. Click "Continue."

6. Arrive at the payment page and add your credit card information. You will have a chance to review your transaction before you finalize the transfer.

Tips & Warnings

• You will be charged a fee by Western Union to use their services. Be aware of your credit card issuer's terms and conditions concerning cash advance limits and fees.

References

• Western Union: Money Transfer

Resources

• Western Union: Price Services