How to Transfer Money from an Emerald Card to PayPal? Info and Guide

Today there is a myriad of options for online payments, available according to the country you are located. But it is undeniable that PayPal is widely known and it has a very robust system of verification, and that is why many people use this platform for subscriptions and payments on a regular basis. So if you have a PayPal account and you have been wondering how to transfer money from an Emerald Card this article may be helpful to you.

First things first! Before telling you how to do this operation, we are going to tell you what an Emerald Card is?

What’s the Emerald Card

How to transfer money from an Emerald Card to PayPal

via Emerald

The Emerald Card is a reloadable prepaid debit card for direct deposit of your tax refund that can be used year-round with easy access to your funds. It is issued by Metabank, N.A. Member FDIC and the program manager for it is H&R Block entity, pursuant to a license by MasterCard International Incorporated.

As the H&R Block Financial Services staff has said, “The Emerald Card and its money management features make now a great time for recent high school or college graduates to manage their wages from a summer job”.

One of the advantages that the Emerald Card offers is that you don’t have to carry cash and you can make purchases anywhere. Currently, it is considered one of the best banking products because it simplifies money management.

For those who already are concerned with paying their taxes, the Emerald Card allows you to file your taxes online and also gives you access to tax refunds, but bear in mind that each transaction charges fees. You can check the list of all fees on the H&R Block website.

You can check all the important information about your banking account by logging into the section “MyBlock account” – signing in to your new Emerald Card and going to the Direct Deposit section. Moreover, you can access all the features of the Emerald Prepaid MasterCard, like your credit score, through the MyBlock mobile app (available for Android and iOS).

via Emerald

via Emerald

Besides all these benefits, with this card, you can effortlessly transfer money to your PayPal account. The money from your Emerald card can be transferred to your linked bank account if you wish. If you apply, make sure your card is linked to a bank account.

How to Transfer the Money from an Emerald Card to PayPal

The operation will be simple if the card’s name and address match the one associated with the PayPal account, and it can take two to five days to process the funds’ transfer from your bank account.

Now, there is a scenario in which you could have some troubles with the operation: H&R Block allows an individual cardholder to log in to Emerald Online through their MyBlock account to authorize the addition of a joint cardholder and allow that person to apply during the same online session, but PayPal doesn’t allow you to link a card if it is not in your name.

Let’s say you have a PayPal account in your name and the Emerald card in your sister’s name, well you cannot link them. Therefore, make sure that you are the cardholder and the account holder as well.

Another requirement is that your account should be verified, otherwise PayPal can hold the funds for up to 21 days.

The Emerald Card Online and Emerald Savings accounts can be used to transfer funds to another PayPal account, and you can also use an ATM to do so.

Ok, you already know you are able to link your Emerald Card with Paypal, but what if you want to send money to friends and family via PayPal or linked bank accounts?

Well, you can do it but you will be charged two dollars for sending to friends and family using a credit card, debit card, or PayPal credit card. The fee for this method is 9% of the amount sent, plus a flat fee of $0 per transaction.

To transfer funds from your Emerald to your bank account you have to submit a transfer request form to H&R Block bank.

Here we give you a basic guide to transfer your money safely:

  • Enter your email address (registered to your account) to log in.
  • Enter your password.
  • “Login” is the first step.
  • Go to the left menu and click the “Transfer Funds” tab.
  • Type the amount to be input.
  • Send an email or SMS/Text message (email or SMS/Text)
  • You must enter an email address (even if you send an e-Transfer via SMS or text).

Other interesting features

You can add funds to your PayPal account from the bank account associated with your Emerald Card by requesting an electronic transfer to your PayPal account. The amount that is transferred will be included in the funds in your PayPal account.

Remember that all you need to receive payments is an open PayPal account and a confirmed email address. Once you add your email address, PayPal will automatically send an email to confirm the address. In case you don’t get the email, check your spam folder and check that you entered the right email address.

When you receive the email:

  • Click the link in the email.
  • Enter your PayPal password.
  • Click Confirm

You can check the details of the transaction on your PayPal account, specifically in the option “Recent Activity” on your Summary page. Click your transaction to view the details.

You can withdraw your funds from an ATM up to $3,000 per day and then deposit them into your bank account. Each time you initiate a withdrawal, you will be informed in advance by PayPal of the applicable fees.

To unlink your Emerald Card from your PayPal account, you should have associated it as a payment method. Introduce the card number and expiration date and at the moment you want to unlike your Emerald Card just remove the payment method from your PayPal account and that’s it!

Be careful with exceeding the available amount in your Card Account. However, if your Card Account balance should ever become negative, you will be responsible for repaying the amount of the negative balance.
Why transfer money from an Emerald Card

Throughout this article, we have mentioned a few good reasons to transfer your money from an Emerald Card to your PayPal account, such as convenience, simplicity, and financial confidence, but if you need the key points check these out:

  • You can use it as your everyday account.
  • You can get your money quickly without check-cashing fees.
  • You are able to add payroll, unemployment or government benefits, cash, and checks all year long.
  • You can pay your bills and manage your account from any device.
  • You can make purchases anywhere Debit MasterCard is accepted.

Another easy way to send, request, or receive money besides PayPal, is Zelle. A digital payment network owned by Early Warning Services LLC, which was launched in June 2017, and now is present in lots of banking apps within the United States.

via Unsplash

You can send money with Zelle by logging into Emerald Empire Federal Credit Union’s online banking or mobile app, selecting the option Bill Pay, and clicking “Send Money with Zelle”.

Since Zelle is intended to do payments to other Zelle users, it is perfectly appropriate for family and friends transactions.

To receive payments if you have enrolled with Zelle, you don’t need to follow any specific steps. The money will move directly into your bank account associated with your profile.

Now if you have not yet enrolled your Zelle® profile, follow these simple steps:

  • Click on the link provided in the payment notification you have received.
  • Select your bank or credit union.
  • Follow the instructions provided on the page to enroll and receive your payment.

Another money transfer app out there that accepts Emerald Cards is Venmo, which has been owned by PayPal since 2012; you just have to link your card by selecting the option “Add bank or card…” of the Payment Methods menu. To link it to your Venmo account it is important that the card is registered under your name and it is possible that you have to introduce a zip code to effectively add it.

One of Venmo’s biggest benefits is that it does not charge for sending money from a linked bank account, debit card, or your Venmo account. There is only a 3% fee for sending money using a linked credit card. Additionally, you can do your transactions by just scanning a QR code and that assures you are paying the right person and avoid making a very costly mistake.

Final Lines on how to transfer money from an Emerald Card to PayPal

It goes without saying that it’s beyond necessary that you explore how modern banking works because it can be confusing to have all these options but not knowing how to use them, and even less in a tight spot.

So, get all the information you need to keep your money safe and think slow to make smart financial decisions. Explore your options and use the platform that better suits your financial needs, your lifestyle, and makes you feel more comfortable.

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