There are just a lot of reasons why you may want to transfer money with just your card number and CVV, with the main reason being that the expiry date has reached and is no longer valid.
There's no shame in admitting it, and beleive me when I say I've been through that, especially with the long process that's required to be taken just to renew my bank card in my region.
With that said, I had to figure out a way out that worked pretty well for me, even without OTP, and that I'll be sharing with you in this guide.
What is an Expiry Date on A Card?
The expiry date on a credit, debit, or even prepaid card is simply the date after which the credit card will no longer be valid or accepted anywhere.
Can I Transfer Money With Only Card Number and CVV?
Well, to be straightforward in my answer, I'll say that you can't transfer money with only your card number and CVV, unless some conditions have been met, which will make the transfer an indirect one.
In this case, it will depend on your area and country restrictions.
Why NO?
Firstly, every bank card has three important details: the card number, expiry date, and CVV, which are important components that make up the card.
Basically, using a bank card without an expiry date is like wanting to ride a vehicle without fuel.
Secondly, bank terms impose additional verification when sending money online, which is why a two-factor authentication is required for every successful money transfer.
A card number, CVV, and expiry date are required by almost all banks, organizations, e-commerce websites, and POS devices to ensure the online safety of every consumer.
Why YES?
Region and area restrictions play an important role in the financial ecosystem, especially when it comes to banking services such as money transfers.
In India, for example, it is impossible to transfer money without an expiry date, the account holder's personal details, but in the US, all of these can easily be bypassed.
That said, a company, organization, or e-commerce store located in the United States may not require the CVV code or OTP; a good example is Amazon or Walmart.
How to Transfer Money With Only Card Number and CVV
Though bank regulations have a great influence over money transfers through your bank card, there's a way to transfer money with only card number and CVV online, but only if the card is yours.
I assume the card is yours, and that you know the card's expiry date.
The expiry together with the card number and CVV are just enough to link your card to a money transfer app like PayPal, Cash App, Venmo to start transferring funds.
That being said, money transfer apps offer a great way to transfer money online.
Once your card is linked to the app, you can transfer money without even using your card number, expiry date and CVV.
Frequently Asked Questions
Can you send money with just the card number?
No, It is not possible to send money with just the card number.
Do you need the CVV to transfer money?
Yes, the CVV is required to transfer money since the merchant and your financial institution require it to verify you're the owner of the card.
Can someone use my credit card with just the number and CVV?
Yes, if the person has your card number, expiry date and CVV, then he would be able to do online transactions with your card.
Final Thoughts on How to Transfer Money With Only Card Number and CVV
Everything has changed since the 1990s, and we are a part of the new generation.
We can now quickly transfer money with a simple credit card, but it was unthinkable at the time. "How to transfer money with only a card number and CVV?" We have seen above if this transfer is possible or not.
However, having a card's CVV code will render the transfer more easier for you.