How to transfer from virtual bank to bank account
February 3, 2024
How to transfer from virtual bank to bank account – If you are looking to transfer money from a virtual bank account to your traditional bank account, this content will provide every assistance that’ll help you to get started and complete your transfers in minutes.
One of the leading benefits of using a virtual bank is to send money when it’s necessary, be it to another virtual bank account or a traditional bank account.
Specific steps to send money to a traditional bank account may vary depending on the virtual service bank you are looking to transfer from, this is because the mobile apps or web portals are not designed with the same internal features, however, money is transferred out in the end regardless of who is sending it out.
To transfer money from a virtual bank to your bank account, kindly follow the below steps
Kindly understand that you must have a funded virtual account before you can start this process.
Step One: You will need to log in to your virtual bank account through the mobile app or web portal as the case may be.
Step two: Locate the virtual bank payments or transfers from your dashboard, choose a preferred option which may include sending funds to an external bank account.
Step three: At this point, you will need to consider adding the information of the traditional bank holder you are looking to send money to, this might as well be your bank account.
Be sure to add their details which include but are not limited to:
- Bank account name
- Bank account number
- Bank name and
- Routing number
Check the next column to add the amount you are looking to transfer at this time.
Step four: You will need to review and authorize your transfers, and your virtual account will be debited with value while the traditional bank account will be credited.
Frequently asked questions
How do I use a virtual bank account?
To use a virtual bank account is not rocket science, kindly sign up with a virtual bank/account provider through the mobile or web portal.
Enter your details in the columns advised and your account will be set up in minutes, and congratulations for signing up.
The next thing you’ll need to do is to fund your virtual account, pay bills, send money, invest, or access other services of interest.
Kindly understand that online banks offer arrays of services, which may be slightly different from one another.
How do I withdraw virtual money?
Your best option to withdraw virtual funds is to transfer the money from your virtual account to your traditional bank account and withdraw the money from an ATM.
What is a virtual debit card connected to a bank account?
A virtual card is a payment card, however, this comes in digital form, with a unique assigned customer card number/PAN, expiry date, and a card verification value (CVV).
How to transfer money from wallet to bank account
You will need to select the wallet you are looking to transfer money from, next is to choose the bank account or contact you are looking to send money to, enter the send amount, and complete your transaction.
You are required to verify your transaction using a short code in most cases.
Can you withdraw money from a virtual card?
With virtual cards, you can withdraw money from ATMs that support contactless use.
Final thoughts
There’s it on how to transfer from virtual bank to bank account, sending money may vary across digital banks given their mobile app, or web interface, however, they follow the same route.