You can transfer money from a credit card to a bank account, but…
It's treated as a cash advance and is incredibly expensive when you factor in fees and interest charges. And not every card lets you do it.

Providers | Do they allow money transfers from credit card to bank accounts? | Key details |
---|---|---|
![]() | No | N/A |
![]() | Yes | You can use ANZ Pay Anyone to transfer funds from your credit card to an account with any Australian financial institution. This is treated as a cash advance transaction, which attracts a cash advance fee and interest charges. |
![]() | Yes | You can transfer funds from your Bankwest credit card to a Bankwest bank account by choosing the "Internal Transfers" option when you're logged into your account. This is treated as a cash advance transaction, which attracts a cash advance fee and interest charges. |
![]() | Yes | If you transfer funds from your credit card to another account, it will be treated as a cash advance transaction and attract a cash advance fee and interest charges (unless it is done as a balance transfer). |
![]() | Yes | If you transfer funds from your credit card to another account, it will be treated as a cash advance transaction and attract a cash advance fee and interest charges (unless it is done as a balance transfer). |
![]() | Yes | If you transfer funds from your credit card to another account, it will be treated as a cash advance transaction and attract a cash advance fee and interest charges (unless it is done as a balance transfer). |
![]() | No | N/A | ![]() | No | You cannot transfer funds from your credit card to an Australian bank account. However, you can use your card to pay bills via BPAY. |
![]() | Yes | If you transfer funds from your credit card to another account, it will be treated as a cash advance transaction and attract a cash advance fee and interest charges. |
![]() | No | N/A |
![]() | Yes | The only time you could transfer funds from your HSBC credit card is if you are offered a Credit Card Cash Transfer. You can log into your account to see if an offer is available. If it is, you can fill in a form to request a transfer. |
![]() | No | N/A |
![]() | Yes | You can make a transfer from your credit card to a NAB bank account or to another non-credit card account. If the transfer is to a different Australian financial institution, you will need the BSB, account number and the name on the account. |
![]() | No | N/A |
![]() | Yes | If you transfer funds from your credit card to another account, it will be treated as a cash advance transaction and attract a cash advance fee and interest charges (unless it is done as a balance transfer). |
![]() | No | N/A |
![]() | No | N/A |
![]() | Yes | You can transfer funds from your Westpac credit card to your other Westpac accounts using the Westpac app or Internet banking. |
If you are determined to transfer money from your credit card, the first step is to check if your credit card account gives you this option.
Do this by logging into your account, contacting the card company or checking the fine print in the card's terms and conditions.
This type of transfer is considered a cash advance transaction, so you may only be able to transfer a portion of your available credit limit.
It's the same process as outlined above, but you replace your bank account details with the details of the recipient's bank account.
Note: Sometimes you may only be able to transfer funds to a linked transaction account with the same bank. Which means you can't send money to someone else from a credit card.
It's very expensive to transfer money from a credit card to a bank account. Here's why.
Ultimately it's your decision. If you can quickly repay the money and it's an emergency, it might not cost too much. But you really need to understand the cost of transferring money from a credit card like this.
You transfer $2,000 from your credit card to your bank account.
Your card has a 22% cash advance rate and charges a 3% cash advance fee.
This means you're getting charged a $60 fee and $1.20 interest every day until you repay the $2,000.
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How can I transfer money from credit card to a bank account but the credit card doesn’t have the expiration date or the CVV number waiting on the new card but this one is working just can’t deposit money?
Hi Donna,
Thank you for getting in touch with Finder.
You may process it online or over the phone. I’m afraid that you need to wait for your valid card for the required details like CVV and expiry date to successfully transfer money from your credit card to your bank account online.
I hope this helps.
Thank you and have a wonderful day!
Cheers,
Jeni
How to transfer cash from credit card to a normal savings account?
Hello Nasish,
Thank you for your comment.
Yes, it’s possible to transfer amount from credit card to a bank account. Firstly, since not all credit cards allow this kind of transfer, you must contact your credit card issuer and verify if a transfer is possible. Next is to call your bank and check if your account can accept transfers from credit accounts. If yes for both, then you can do the transfer through online or over the phone.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn