How do I transfer money off my emerald card to my bank account and what bank can I withdraw money from my emerald card? This post will be showing you how to transfer
Emerald is a prepaid debit card that works like any other debit card. You can send money to other people, buy products online, pay bills and transfer money to a bank account. Later I will show you how to transfer money from the Emerald card to my bank account. Having a prepaid card that allows you to transfer money to your bank account is important to save money for future use or to perform other types of transactions in your bank account.
MetaBank issues the Emerald Card for use on tax refund deposits. It is a MasterCard and allows you to access your money at ATMs that allow MasterCard cards. Issued by a bank means it is FDIC insured. FDIC insurance ensures that you don’t lose your money if the financial institution in question goes bankrupt. The law requires each bank to ensure every account it operates under them.
The Emerald card allows you to manage your account online through the MyBlock mobile app. That gives you easy access to your money so you can complete your trades with just a few taps. With an online account, you can view your card balance and view your transaction history. There is no point in going to an ATM for such simple operations, nor will you see the need to call their customer service center for your balance request.
How do I apply for the Emerald card?
You can apply for the card online for the prequalification process. You need;
- Citizen service number,
- Personal contact details, and
- Tax refund from last year
- Personal information includes your email address, your phone number, and your physical address.
The card allows you to get an Emerald Advance for between $350 and $1,000, depending on available credit scores. You must be over 18 years old to apply for the card.
Once you order the debit card, expect delivery to your physical address. You then activate it once you receive it by calling the Emerald Card Helpline at 1-866-353-1266. You also need to create an online account to manage your money through the MyBlock mobile app.
Why is the Emerald card necessary?
The card is highly beneficial for those who want to receive tax-refund anticipation loans from H&R Block. The company offers the loans at the beginning of each tax season, and one must have the MasterCard Emerald prepaid card into which the loan is to be deposited. You cannot get the loan through a check or direct deposit.
H&R Block offers loans in five loan amounts which are $250, $500, $750, $1,250 and $3,500. The biggest advantage of H&R Block is that they attract 0% APR on loans. We all know that many lenders often charge interest on their loans. Some are so greedy that they charge very high-interest rates, leaving borrowers financially exhausted. However, you must file your taxes through H&R Block and pay the necessary fees to qualify for advance loans.
The Emerald card comes with several fees, although it’s just as crucial when you use it as a regular debit card. You must pay $3.00 per withdrawal and $1.50 for each balance request or refusal. The ATM service provider may also charge you other fees.
If you go 60 days without using the card, you get a monthly fee of $4.95. The card issuer will also charge you a top-up fee of up to $4.95. If you use the card to pay bills, you’ll have to lose 95 cents.
Can Money Be Transferred From The Emerald Card To The Bank Account?
You can transfer money from your Emerald to your bank account by submitting a wire transfer request form to H&R Block Bank. You can also withdraw your money up to $3,000 per day from an ATM and then deposit it into your bank account.
The Emerald card gives you the best access to money and completes transactions in just a few steps. While it makes transactions easier, it is better for tax refunds and clearing accounts with the IRS.
This allows you to have your tax refund deposited automatically and makes banking easier. But there are quite a few problems with the H&R Emerald card.
There are not many places that spend cash on an Emerald card. Emerald cards also charge a lot for transactions and users often pay fees.
The H&R Block Emerald Card is one of the best-prepaid cards for processing and depositing your tax refund.
Emerald cards only allow card-to-card transfers or transfers from Emerald Cards to Emerald savings accounts.
To transfer money from your Emerald card to your bank account, you must complete the wire transfer request form.
Most payment platforms such as Venmo, Chime, and Cashapp do not allow money transfers from Emerald cards.
How Do I Transfer Money Off My Emerald Card To My Bank Account?
You can transfer money online from your Emerald Card to your Emerald Savings Account. To transfer your money, simply go to an ATM or log into your Emerald Card Online account.
To transfer money from your H&R Emerald card:
- Please download a transfer request form from the H& website first.
- Then all you have to do is fill in your personal information, such as telephone numbers, your social security number, and your Emerald card number.
- Strictly follow the instructions on the form and make sure to use the most current personal information when filling out the form.
- After completing it, mail the form to H&R Bank.
- When they receive the form, they will call and after verification and a few questions, your money will be transferred to your preferred bank and processed.
- If you need additional assistance, you can also call Customer Service at 1-866-353-1266.
However, you can easily transfer money from your Emerald card to your Emerald savings account through the Emerald MyBlock mobile app, the Emerald card online, or at any ATM where you can withdraw with your Emerald card.
What about card to card? How do I transfer money from one Emerald card to another?
How to transfer money from the old Emerald card to the new one?
You can transfer money from one Emerald card to another by logging into the old Emerald card account, going to the menu options and selecting a card-to-card transfer, and entering the card number of the new Emerald card you wish to transfer to the fund and authorize the transaction.
Transferring money from your Emerald card to your bank account can be complicated and sending a mail can take time. But transferring money from your old Emerald card to a new Emerald card is much easier.
How do I get money from my Emerald card?
There are several ways to get money from your card. They include the following.
i) Via an ATM
You can use your Emerald Prepaid MasterCard at any Maestro, Mastercard, or Cirrus ATM. Some ATMs allow you to pay a $3 withdrawal fee. Accessing money at an ATM makes it possible to get cash when needed.
ii) Withdrawal from a bank account
We have confirmed that it is possible to withdraw money from a bank account. This allows you to use your money for transactions that you cannot do with your card.
iii) Cashback in a store
You can get a refund when you use the card at an eligible store. The POS may charge you for the transaction.
iv) 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 pay € 35.00 transaction costs. Withdrawing money from an ATM can save you about $32.
v) Request a one-time check or ACH.
You can request a check for cash from a bank from your card provider if you need to withdraw large amounts that you cannot withdraw at an ATM. Applying for a one-time ACH causes the company to transfer money from your card account to a bank account.
What Bank Can I Withdraw Money From My Emerald Card?
Your H&R Block Emerald Card® can be used to withdraw money from any Mastercard, Maestro, or Cirrus-branded ATM. Please note that some ATM owners may charge a fee to use their ATMs. The fee is in addition to the $3.00 per withdrawal that Axos Bank® charges for cash withdrawals.
How Long Does It Take To Transfer?
Getting an Emerald card transferred from H&R isn’t easier than waiting, so you’ll need other ways to make your payments while you wait.
The H&R block generally transfers Emerald cards within 14 days. You can pick it up directly from the local office if it is the first time you spend it. If not, you have to wait diligently.
Jointly approved cardholders will receive preferential treatment if they have applied through the Emerald online platform. They will receive the transferred Emerald cards within the next 7-10 business days.
However, if approved joint cardholders have registered with the tax office, the Emerald card will be issued to them immediately.
It can also be mailed to them if they choose to have the Emerald card come with other packages or bank documents.
Approved joint cardholders who have applied for an Emerald card through the Emerald Online service will receive a new personalized card in the mail within 7-10 business days.
Anyone who has registered with the tax authorities can immediately receive an Instant Issue Card or have the Emerald card sent to you.
Costs for the H&R Block Emerald Card
Like other prepaid cards, the H&R Block Emerald Card doesn’t charge a monthly fee or switch to move money from your bank account to the Emerald Card for IRS tax refunds.
Emerald card fees include $3 for each ATM withdrawal, $1.5 for each ATM bank request, and up to $1 for MyBlock mobile balance inquiries.
H&R Block Emerald cards allow depositing IRS tax refunds and all provide you with tax preparation services that eliminate the need for prepayment.
The H&R filing fee to pay for your federal refund application is $39.99.
Is my money on the Emerald card safe?
Your money is safe on the Emerald card because it is FDIC insured. Therefore, you will get your money back even if the company collapses. FDIC insures funds up to $250,000 per account. If the company collapses, you can still have your money. MetaBank keeps your money on your card and since the bank is FDIC insured, the money on your card is insured against any uncertainty.
Also, no one can steal from your card through a cash withdrawal, as the card has a PIN code. When you receive the card, you must verify the PIN that came with the card. You can even exchange it at an ATM for the one you prefer. However, you should not disclose your card details to anyone as some people may use your card details to pay for goods or services online.
If your card issuer detects any form of fraud on your account, your card may be restricted so that no one can withdraw money from it. You will see the “Restricted Account” screen when attempting to withdraw money from an ATM. However, that is usually a temporary problem intended to protect you from losing your money. Not only does Emerald do this, but other financial institutions such as credit unions, bank accounts, and mobile wallets often impose such restrictions.
Does the Emerald card have limits?
The card issuer has set various limits to control the amount of money you can spend at any given time. For example, the maximum amount you can withdraw from an ATM is $3,000 per day. The amount is much higher than other cards that keep it at $1,000. So that’s a bonus of having the Emerald card.
When making a debit card transaction, the maximum amount you can spend is $3,500.00. The amount includes cash withdrawals and POS authorization. For signature transactions, the maximum amount is $3,500 per day.
Does the Emerald card have routing and account numbers?
Yes. The card has routing and account numbers. The card routing number is the same for everyone, and if you need to provide it anywhere, it’s 101089742. You need to provide the routing and account number to trusted individuals and direct deposit organizations.
Keep in mind that some fraudulent people can use your account and routing number to request checks from the card issuer to pay in different areas. So you can lose money that way.
The routing number and account numbers are available in your account when you log in to your online account. You can also get your routing and account numbers by calling customer service. If you’re sending money to someone else with an Emerald card, all you need is the recipient’s account number.
Even if you want to send money with a current account number directly from your bank account to someone else’s account, you only need the account number and possibly the official name of the recipient to confirm this.
Does the Emerald debit card expire?
The card expires like other debit cards. Once it has expired, you can no longer use it and will have to order a new one. The new card comes with a different card number. You can order your Emerald card by calling Customer Service at 1-866-353-1266. It is always good to apply for a new card before the old one expires to avoid any inconvenience.
How Do I Transfer Money Off My Emerald Card To My Bank Account – Frequently Asked Questions (FAQs)
Can I buy online at Emerald’s?
Yes, you can buy online with your card. You can also pay in a physical store.
What happens if I lose my Emerald card?
If you lose your card, you must immediately report it to Customer Service to have it deactivated. If you don’t, someone could use the card fraudulently.
Does the Emerald card accept direct deposit?
Yes. The Emerald Card accepts direct deposit and you can provide your routing and account number to your employer or another relevant party to fund your account.
Can teens apply for the Esmeralda debit card?
The card is only for persons over 18 years old. That’s why teens can’t sign up.
Will the Emerald Card affect my credit score?
The card itself does not affect your credit scores. However, getting the H&R Block loan will affect your scores.
What bank does H&R Block Emerald Card Use?
MetaBank®, N.A.
The H&R Block Emerald Prepaid Mastercard® is a tax refund-related deposit product issued by MetaBank®, N.A., Member FDIC. Emerald Financial Services, LLC, an H&R Block entity, is the program manager for MetaBank. *This fee can be lower depending on how and where this Card is used.
Conclusion – What Bank Can I Withdraw Money From My Emerald Card
The Emerald card is issued by Metabank, which is FDIC insured. Your money is therefore safe in the account. The card is a prepaid debit card that allows you to receive advances from H&R Block. You can use the card to buy goods and services online, in a brick-and-mortar store, transfer money to a bank account, or withdraw money from an ATM.