How to transfer money from a credit card to debit card
These days it’s fairly easy to transfer money between bank accounts. But what about transferring money between cards?
If you want to transfer money from your credit card it’s usually called a balance transfer. Sending money is made slightly trickier with credit cards, because you’re building up a debt when you spend, which is paid off at the end of the month. So if you want to transfer money to someone else using your credit card, you’re effectively transferring them money to form a debt that you haven’t yet paid off.
If you only have a credit card and you need to transfer money then you will need to find a provider which is low-cost, simple and fast. Luckily, Paysend has the solution!
Can I transfer money from credit card to debit card?
Paysend has developed a unique way of transferring money from one person to another - card2card transactions.
This effectively means that you don’t need any bank details to send money to someone.
So if you want to send money from your credit card to a friend or family member’s debit card, all you need are your card details and your recipient’s details. It’s as simple as that!
With other money transfer providers you’ll need an assortment of bank details, which could include SWIFT, IBAN, sort code, account number, bank name… the list really does go on!
But here at Paysend we want to make it so simple to send money between people that anyone can do it by using our platform - and one of the ways we do this is through bypassing complicated bank processes and reducing the hassle from money transfers.
How much does it cost to transfer money from credit card to debit card?
Sending money from a credit card to a debit card with Paysend costs a lot less than you’d imagine. The transfer fees for any amount sent internationally will be just £1, €1.5 or $2 (or equivalent amount depending on where you send from).
For example, if you want to send £100 or £1000 from a credit card in the UK to a debit card in Nigeria, it will only cost you £1 either way.
Paysend doesn’t hang around with your transfers - when you send money from a credit card to a debit card it usually arrives within a few minutes*!
To get started, head to the App Store or Google Play and download the Paysend Global Transfers app!
*See full T’s & C’s here
Mga Pinakabagong Post
Here's the short answer: yes, you can use a credit card to get money into someone's bank account abroad. "Credit card to bank transfer" means exactly that — you fund the transfer with your credit card, and your recipient receives it in their bank account. Or on their card, in their wallet, or as cash to collect, depending on where they are.
The card and the bank account do different jobs. Your card pays for the transfer. A provider like Paysend then pays the money out through local systems on the other end. It's one flow, and it takes about a minute in the app.
One thing worth knowing before you start: a credit card is usually the most expensive way to fund a transfer. Some issuers treat it as a cash advance, and credit tends to carry higher payment fees than debit. You'll always see the full cost, exchange rate included, before you confirm anything. What follows is: the ways your money can arrive, what each one costs, how fast it gets there, and the cheaper routes worth checking first.
Every month, thousands of people working in the Czech Republic send part of their payday home — many of them Ukrainians supporting family across the border. And the traditional route makes it harder than it should be: bank wires that ask for IBANs and SWIFT codes, fees that only show up after the money's gone, and days of waiting while someone at home is counting on it.
Pavel Štich has spent years helping his readers solve exactly that. He's Co-Founder and Lead Financial Editor at Moneyo.cz, an independent Czech platform that compares money transfer services, stock brokers, and alternative investments — and a Paysend Ambassador, which means he tests what he recommends, explains it plainly, and brings his readers reader-only perks. We asked him how Moneyo started, who reads it, and why he chose Paysend.
