E-wallets like Amazon Pay are becoming increasingly popular, making online payments a breeze. But can you transfer your Amazon Pay balance to your bank account? Absolutely! This article will guide you through the process step-by-step.
Use of Amazon Pay Balance
There are two main ways to use your Amazon Pay balance:
|
Pay for Purchases on Amazon |
Transfer Funds to Your Bank Account |
|---|---|
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This is the most common use, allowing you to check out on the platform seamlessly. |
This lets you access your balance for any purpose. |
Requirements to Transfer Amazon Pay Balance to Bank Account
- Amazon app and login information.
- Bank account details, including your account number and IFSC code.
- Make sure you’ve completed KYC (Know Your Customer) verification on Amazon Pay.
Not sure about KYC? Check this article on How to Complete Amazon Pay KYC?
Steps to Transfer Amazon Pay Balance to Bank Account
- Open the Amazon app and sign in to your account.
- In the “Quick Links” section, tap “Send Money.“
- Select “Bank Transfer” from the “Send Money” options.
- Enter your bank account details, including the IFSC code, account number, and account holder’s name. Tap “Pay Now.“
- Enter the amount you want to transfer and confirm it.
- Choose “Show more ways” in the payment method section. Select “Pay using Amazon Pay balance” and tap “Continue.“
The transfer will be completed, and your funds will be deposited into your bank account.
Tips
- If you’re not sure about your IFSC code, you can usually find it on your bank passbook or online banking portal.
- If you use UPI (Unified Payments Interface), you can also link your UPI ID to Amazon Pay and transfer funds directly using that method.
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Transferring your Amazon Pay balance to your bank account is a quick and straightforward process. Remember to complete your KYC verification to ensure this feature is available. With these steps, you can easily manage your Amazon Pay balance and access your funds whenever needed.