I received a $200 Mastercard gift card for my birthday. However, I need cash. I've read at some websites that you can open a bank account at a place like Bank of America, for example, and use the Mastercard gift card as the opening deposit. Can anyone verify that? Is there any way I can use the value of the card as a deposit? One of the back portals you can use is the Top cash bank to buy money orders using Amex gift cards. This cash bank wills pay1.5% cash out on each Amex gift card. You will earn cash back of $60, and you will only be needed to pay around $13.85 to $16.85 on an Amex gift card order worth $4000 for the gift card and shipping fees. You can use the AmEx gift card to buy a VISA prepaid gift card with a PIN, then use the VISA prepaid gift card to purchase a money order at USPS or Walmart (depending on the type of Visa gift card you buy), then deposit the money order into your bank account. No, most banks will not deposit an American Express gift card. The best option is to purchase a money order with your gift card and deposit that. Favorite Answer. You can deposit them just as you would a check. However, your institution may put the deposit on hold - if they do, they will let you know the number of days. stoll. Lv 4. 4 years... Some stores, including Walmart as well as various other grocery stores, allow you to purchase money orders using Visa gift cards. You can then deposit the money orders into your account and use the cash the way you desire. Generally, money orders can be deposited in a bank account as a form of money. However, although this seems like a simple method, you must proceed with caution. Numerous Protip: Google Wallet can be used for converting pre-paid Visa/Mastercard gift cards back into cash. Having received my physical Google Wallet card, I've begun to leave all my other credit cards at home and solely carry around my GW card, transferring cash onto my Wallet balance from my phone when needed and then withdrawing the funds at an ATM. FREE Direct Deposit, FREE Online Bill Pay, and fraud protection. Terms apply. Monthly Fee. $7.95 per month. Other Fees . Cash reloads up to $3.95. Fees vary by retailer. No minimum balance. Other fees apply. Click Learn More for details. Learn More. Personal Gift Cards. For a simple treat or a big splurge. Choose a card design, value and you've got a perfect way to celebrate a wedding Values range from $25 to $3,000, so American Express Gift Cards can be a thoughtful gift for any occasion. The benefits of American Express Gift Cards are numerous. They can be used virtually anywhere American Express is accepted in the U.S. Gift Card funds do not expire, there are no fees after purchase, and Gift Cards can be replaced if lost or stolen*. So, next time you need to say thank Values range from $25 to $3,000, so American Express Gift Cards can be a thoughtful gift for any occasion. The benefits of American Express Gift Cards are numerous. They can be used virtually anywhere American Express is accepted in the U.S. Gift Card funds do not expire, there are no fees after purchase, and Gift Cards can be replaced if lost or stolen*. So, next time you need to say thank
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