How to Transfer Amazon Pay Balance to Bank Account? (Easiest Method) | DesiDime (2024)

All of us who frequently shop online from Amazon have at least some Amazon Pay balance amount lying in our Amazon Pay Wallet. But what if you wish to transfer your Amazon Pay Balance to a bank account? Well, thankfully that is possible and the good news is, it is possible right through the Amazon app! There’s now no need to use any third-party payment app to transfer your Amazon Pay balance to your bank account.

Amazon itself tells us how one could do this. So in this article, we will be sharing with you just that; How exactly you can transfer your Amazon Pay balance to your bank account.

Transfer Amazon Pay Balance to Bank Account (Step-by-Step)

• Open the Amazon app on your phone

• On the bottom of your phone screen, towards the right, click on the Hamburger icon

• Next, from Amazon Pay and Amazon Mini TV, select the first option of Amazon Pay

• Next click on the “Send Money” option

• Choose from options such as “To UPI ID” or “To Bank” depending on your requirement

• If you select “UPI ID” then simply enter the UPI ID of your choice

• If you select the Bank Option, simply enter the prerequisite details such as IFSC Code, account number etc

• Next, enter the amount you wish to transfer from your Amazon Pay Balance to the bank account

• Once you have filled in the required details, click on “Pay with” or “Select Payment Method”

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• Select “Amazon Pay Balance” as your payment method and click Pay Now

• That’s it. You have now successfully transferred funds from your Amazon Pay Balance to your bank account

Note: The “Amazon Pay Balance” payment option can only be enabled after completing your full KYC on Amazon.

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How to do Full KYC on Amazon to Transfer Money from Amazon Pay to Bank Account?

• To do full KYC on Amazon, you can either open the Amazon app

• On the bottom of your screen, click on the Hamburger icon and visit Amazon Pay

• Once done, scroll below to find the “KYC” option

• Click on it and submit the required documents such as your PAN card & a selfie

• Complete the KYC verification with your Aadhar Card on a video call with an Amazon Agent

• That’s it. This is how you successfully do your full KYC on Amazon

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Important Things to know (to transfer funds from Amazon Pay to bank account)

• Accounts that are opened with only minimal information such as phone number, name or identification number of any government ID, can pay to any merchant using the UPI ID but cannot transfer Amazon Pay Balance to a bank account

• Only full-KYC users can pay to a person or transfer Amazon Pay Balance to a bank account

• You can only transfer the “money component” of your Amazon Pay balance

• Gift cards can only be utilized for online shopping and not for making payments to offline merchants

This was all about sharing how one can transfer/withdraw money from Amazon Pay Balance to their bank account or a UPI ID. As shared above, to be able to transfer funds from Amazon Pay to a bank account or a person, you first need to complete your full KYC. The steps to complete KYC on Amazon are also simple as shared above.

Note that this is not the only method of transferring money from Amazon Pay Wallet Balance to a bank account. There are more options available such as PayMetrix or Ring App & others. However, this is probably the most straightforward & simplest way to transfer money from your Amazon wallet or Amazon Pay Balance to your bank account.

To know how to transfer Amazon Pay Balance to a bank account using the Ring app, read our discussion thread on:

Transfer money from Amazon Pay Balance to your Bank Account using the Ring App!

Thanks to our dimer @abhishek012 for sharing it with us

To know more, you can visit Amazon FAQs on Money in Amazon Pay Balance.

FAQ on Transferring or Converting Amazon Pay Balance to Bank Account

Even though we have covered how one can transfer money from Amazon Pay to bank account for the most part, there may still be some questions to answer. In this FAQ on transferring Amazon Pay cash to bank, we will try to cover as many relevant questions users may have regarding this topic.

1. Can we convert Amazon Pay Balance to Bank Account?
Yes, it is possible to convert Amazon Pay Balance to a bank account for full-KYC users using the send money option available in Amazon Pay.

2. How do I withdraw money from my Amazon Pay Balance?

To withdraw money from your Amazon Pay balance, you need to complete your full KYC on Amazon. Once done, you can easily transfer the money component of your Amazon Pay Balance through the Amazon app itself. You cannot withdraw the gift card component of your Amazon Pay balance.

3. Can Amazon Pay Balance be transferred to Paytm?

Amazon Pay to Paytm transfer is not available currently directly through the Amazon app. You'd need to use third-party apps such as SnaPay. Some people also use online e-commerce apps such as Club Factory to transfer Amazon Pay to Paytm.

4. Is Amazon Pay linked with a bank account?
You need not link your bank account in order to set up Amazon Pay balance UPI ID.

5. Transfer Amazon Pay to UPI?

Transferring funds from Amazon Pay to UPI is now possible for Amazon Wallet full-KYC accounts. Simply, open the Amazon app, visit Amazon Pay, click on the "Send Money" option, and enter the UPI ID to transfer the amount to.

Do you have more questions? Or do you know an even better way to transfer money from Amazon Pay to a person or bank account? Feel free to put them below in the comments and I would be happy to answer.