Emerald is a prepaid debit card that works like any other debit card. You can send money to others, pay bills, buy things online, and transfer money to a bank account. Later I will show you how to transfer money from an Emerald card to a bank account.
Transfer money from emerald card to bank account.
Having a prepaid card that allows you to transfer money to your bank account is essential for saving money for future use or making other types of transactions in your bank account.
MetaBank issues the Emerald Card for use in tax refund-related deposits. It allows you to access your funds at MasterCard and ATMs that accept MasterCard. Issuing a bank means it is FDIC insured.
FDIC insurance ensures you don’t lose money if a related financial institution fails. As per the law, every bank has to provide every account it operates under.
The Emerald Card lets you operate your account online through the MyBlock mobile app. It gives you easy access to your funds to manage your transactions with a few taps.
You can view your card balance and transaction history with an online account. There is no point in visiting an ATM for such routine operations, nor will you find the need to call your customer care for your balance inquiry.
Apply the procedure for Emerald Card.
You can apply for the card online for the pre-qualification process. You will need you:
- Social security number
- Personal contact information
- Last year’s tax refund amount
Personal information includes your email address, phone number, and physical address.
Depending on available credit scores, the card allows you to get Emerald Advance between $350-$1000. To apply for the card, you must be 18 and above.
After you apply for a debit card, you wait for delivery to your physical address. Once you receive it, activate it by calling the Emerald Card Helpline at 1-866-353-1266. You must also set up an online account through the MyBlock mobile app to manage your funds.
Emerald Card Requirement
The card benefits those who want to avail of H&R Black Tax Refund Advance Loans. The company offers loans at the beginning of each tax season, and the Emerald Prepaid MasterCard must deposit the loan. You cannot get a loan by check or direct deposit.
H&R Block offers five loans: $250, $500, $750, $1,250, and $3,500. The most significant advantage of H&R Block is that they attract 0% APR on loans. We all know that most lenders usually charge interest on their loans.
Some are greedy and charge high-interest rates, so borrowers suffer financial losses. However, you must file your taxes through H&R Block and pay the required fees to qualify for advance loans.
An emerald card attracts different fees if you use it like a regular debit card, but it is crucial. You pay $3.00 per ATM withdrawal and $1.50 for each balance inquiry or denial. The ATM service provider may also charge you other fees.
If you go 60 days without using the card, you’ll incur a $4.95 monthly fee. Card issuers also charge you a cash reloading fee of up to $4.95. If you use the card to pay bills, you’ll have to part with 95 cents.
The process to transfer money from Emerald Card to Bank Account
You can transfer money from your Emerald card to your linked bank account. Remember to link your card to a bank account when you apply. It is usually the checking account that you use for your day-to-day transactions.
To link a bank account to your Emerald Prepaid MasterCard, navigate to the Add Bank section and add your bank details, such as account and routing number.
Once you have successfully linked your bank account, you can transfer funds to the account whenever required. You can move the amount from your bank account to someone else’s or conduct other transactions.
Withdrawing money from your Emerald card
There are three main ways to withdraw money from your Emerald Card, using an ATM, cashback, or asking for funds over the counter at a financial institution.
H&R Block charges a legal fee of $3.00 for cash withdrawals. In addition, customers may charge a fee as requested by the organization operating the ATM. It’s a good idea to look for surcharge-free ATM networks that MoneyPass uses to limit the amount you spend withdrawing cash.
You can also get cash from your Emerald Card by withdrawing the amount over the counter from a financial institution. However, it comes with a hefty fee of $35, making ATM cash withdrawals more attractive.
Cashback is the best way to withdraw cash from your Emerald card. You can request money back at the supermarket while you do your weekly grocery shopping.
If a store offers free cashback, you’ll only charge the price of your shop and the amount you want to withdraw. Retailers that operate nationally and provide free cashback include CVS and Walmart.
However, it is essential to note that not all stores offer cashback, and some may charge you for the transaction.
Ways to Get Funds from Emerald Card
There are different ways you can get funds from your Emerald card. They include the following:
You can use your Emerald Prepaid MasterCard with the Maestro, Mastercard, or Cirrus brand mark at any ATM. You may pay a $3 withdrawal fee at some ATMs. Accessing money at an ATM makes it possible to get cash when needed.
Withdrawal to bank account:
We have confirmed that it is possible to withdraw money to a bank account. Using cash for transactions you cannot do with your card is possible.
Cashback in store:
You can earn cash back after using the card at any qualifying store. The POS may charge you a fee for the transaction.
Over the counter
You can use your card to withdraw money from your account at any financial institution that accepts the card. However, you will part with a $35.00 transaction fee. Starting from an ATM can save you about $32.
Check or one-time ACH request:
If you need to withdraw large amounts that cannot remove at an ATM, you can request a check from the card service provider to cash out at the bank. Ordering a one-time ACH ensures that the company will transfer the money from your card account to the bank account.
Yes, you can purchase online with your card. You can also pay at the physical store.
If you lose your card, you should report it to Customer Care immediately to deactivate it. If you don’t, someone can use the card fraudulently.
Yes. Emerald Card accepts direct deposit, and you can give your routing and account number to your employer or any other concerned party to deposit money into your account.
The card is for 18 years and above only. Therefore, young people need help to apply.