How to transfer money off an American Express gift card

Written by christina shaffer
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How to transfer money off an American Express gift card
Gift card (Jupiterimages/BananaStock/Getty Images)

Most gift cards, including an American Express gift card, are not redeemable for cash and prohibit customers from making cash advances at an ATM. In order to retrieve money from your American Express gift card, you will need to use PayPal. PayPal is an electronic commerce site that allows users to transfer money to a personal bank account. After you create a PayPal account, you can easily add your gift card to your account and send the balance to your bank account.

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Instructions

  1. 1

    Go to PayPal's official website. Click on the "Sign Up" link and create a free account. You will be asked to add a credit card or a bank account to your account. Opt to link your bank account to your PayPal account. You will need to enter your banking account number, as well as your bank's routing number. When you finish creating your account, PayPal will make two small deposits into your bank account. The process can take two to three business days.

  2. 2

    Log in to your e-mail account and open your PayPal confirmation e-mail. Click on the confirmation link, which will take you to PayPal's website. Log in to your PayPal account and confirm the two bank deposits. After you confirm the deposits, you will need to add your American Express gift card to your PayPal account.

  3. 3

    Highlight the "Profile" link on PayPal's main page and select "Add or Edit Credit Card." Next, click the "Add a Card" button. Fill out the required fields, including your name, address and credit card number, and click on the "Add Card" button.

  4. 4

    Click the "Send Money" tab, which will bring you to the "Send Money" page. Enter your e-mail address and the amount of money you want to transfer from your gift card to your PayPal account. Next, click the "Continue" button. Your money will be transferred to your PayPal account.

  5. 5

    Highlight the "Withdraw" link, which is located under the main toolbar. Next, click the "Transfer to Bank Account" link.

  6. 6

    Enter the amount of money you want to transfer to your bank account and click "OK." The gift card balance will be transferred to your bank account in two to three business days.

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