Transfer Money From Checking Account to Prepaid Account Online

Online banking has become the current trend in which many people do to perform their transactions.  With the online process, one can perform many bank activities on one common base. These transactions mostly base themselves on making and receiving payments.  Another good thing is that one can spend money from a prepaid account once it is loaded with the checking account. To know more about the transactions and what is to be done, read below for full details to know about transfer money from checking accountto prepaid account online.

What is the difference between a checking account and a prepaid account?

A checking account is a type of bank account where one can deposit and withdraw money at any time. One can access the account through ATMs, electronic debit card and also checks.  It is one of the best accounts to use especially when making huge and unlimited withdrawals and deposits respectively. The prepaid card is used generally for reloading money due to its liquidity. Below is a short summary of what a prepaid card can do:

•  To load money to a prepaid account
•  Ease of access to ATM
•  More payment services can be done with the checking account

On the other side, a prepaid account is a debit card in form of a bank card which is used to spend money. This card is to be loaded with money before making direct deposits so as to ensure that it is ready for transactions. On the other hand, it can work as a merchant account which ensures receiving its payment network.

The guidelines of transferring money from checking account to prepaid account

One can easily transfer money from a checking account to prepaid account easily. It can take a maximum of six days and a minimum of two days to send money to the prepaid account. However, this is a free transaction and no costs will be charged.

To start making a transaction, an account number and routing number is very necessary.  You should opt for a unique prepaid account number which will be easy to remember. Secondly, a routing number is necessary and is your bank identity from anywhere the transaction is taking place. Due to this, you need to submit the number during a transaction process.

The next step is to add a prepaid account.  This is one of the important parts. You need to add the prepaid account and also integrate it with another bank account which you may open under the same bank.

Test if a transaction will work. In this case, you need to transfer a small amount of money to the prepaid card. By doing so, you will have ensured that everything is legit and you are good to make huge transactions.

Here are some steps to be followed to prepare a checking account:

1.  Sign up with a checking account online website after which you will give information on how to receive a card by the provider.
2. After getting the card, go to their website and submit details about the card and activate it.
3. Lastly, go to the banks' website and learn more about the Online funds transfer.

Best banks to offer prepaid card online

Here is a list of the best four banks to get a prepaid account which is optimized with the online service,

• BB&T Bank
• PNC Bank
• Chase Bank
• TD Bank

You can visit the banks on the website or their physical address for further clarification.

Final Thoughts

Online transactions have become a trend due to the adverse increase in technology. Due to this, fraudsters and dark eyes have come about to try and steal money from people. Before making an online transaction through the checking account, ensure that you trust your provider very well.