How To Turn LATAM Travel Funds Into Cash Via Bank Deposit

How To Turn LATAM Travel Funds Into Cash Via Bank Deposit

If you didn’t know, you can turn LATAM travel funds into cash. Rather than keeping a voucher, you can cash it out via bank transfer. LATAM doesn’t make this clear, so here’s how it works.

How To Turn LATAM Travel Funds Into Cash Deposit

I first got LATAM travel funds after I was denied boarding / not allowed to check in for a flight back in October. As I mentioned, I had 0 desire to keep a voucher worth $750 from LATAM. When they mentioned I could get a refund, that was my main interest. Here’s a step-by-step on how to turn cash out your voucher / travel funds via bank deposit:

1. Go to LATAM.com or call them if you have a flight cancelation / change. Request a voucher via the refund process, which you should be able to do online if there are no partner flights involved. They will give you a confirmation number for your request.
2. You will receive an email with a travel voucher number. At present, LATAM is promising to deliver these within 15 days.
3. Once you have the travel voucher, go to LATAM.com and ‘manage my reservation’. You can request a cash payout of your travel voucher by filling out your information, bank account info, etc. The option you want is ‘refund’ under your booking options.

Once I got my travel voucher, I immediately submitted the request for cash out / bank deposit. From the time of my request to receiving the money took 3 business days. The coolest part is that you will keep the miles you earned from your credit card purchase, since it’s not a refund to your card!

Final Thoughts

It’s good to know that you can turn LATAM travel funds into cash. I assume most people don’t want a LATAM voucher. If you bought that crazy business class deal from Mexico City to South Africa with LATAM months ago, you’re probably wondering what your options are. Given that LATAM has no estimated date of when they will start flying to South Africa again, I gave up on my booking and requested a voucher for my wife and I today. Now that you know how it works, I expect others with these South Africa flights will follow suit.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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