The Forbes Advisor editorial team is independent and objective. NetSpend is a company with a prepaid debit card that it claims offers a There are over 130,000 locations across the U.S., from convenience stores to gas stations, that customers can visit to load money onto their Netspend Prepaid Visa card. The content featured on UpgradedPoints.com has not been influenced, provided, or reviewed by the credit card companies mentioned. 6,000,608 and SpotMe wont cover non-debit card transactions, including ACH transfers, Pay Anyone transfers, or Chime Checkbook transactions. It will NOT be published. With any financial service product, you need to clearly understand the fee structure.. If you choose the pay as you go plan, you wont owe a monthly fee. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. During the application, youll need to complete your name, address, date of birth, and your government ID number. Netspend Premier customers also receive a free customized card. He lives in Denver, Colorado. Users can customize alerts, so they are only notified about specific occurrences as often or as little as they like. Heres a side-by-side comparison of payment options for Netspend prepaid cards. With it being a Mastercard, you are protected WebWestern Union Netspend Prepaid Mastercard See Terms Apply now at Netspend's secure site Balance Transfers Intro APR N/A Purchases Intro APR N/A Regular APR N/A Annual Fee Up-to $9.95 monthly* Highlights Highlights Western Union transfers, shop online or pay bills. The best payment option depends on your spending habits. If you continue to use this site we will assume that you are happy with it. While its not the cheapest prepaid card available, it does offer one of the most extensive list of features and benefits of any card available today. The Latest Innovations That Are Driving The Vehicle Industry Forward. There are, however, lower cost options (see below). There are three ways to add funds to your prepaid card: Netspend prepaid cards could make sense for some consumers. Terms and Costs apply. This site may be compensated through the bank Advertising Disclosure: allCards.com is an independent, advertising-supported blog offering The Netspend Visa Prepaid Card is a simple option for enabling transaction payments without requiring a bank account. FlashPay Netspend enables sending money to and from your prepaid debit card account. Put $1,000 into each Netspend account and youll have $5,000 earning you 5% guaranteed interest. There are separate fees for payment transactions, ATM withdrawals and reloads. However, the credit card information that we publish has been written by experts who know these products inside out, and what we recommend is what we would (or already) use ourselves. The interest rates and APYs of each tier may change. Direct deposit is free and can result in getting paid up to 2 days faster. The hefty fees that come with Netspend cards might be their biggest drawback. That way, if its stolen, it can be used. The Netspend Prepaid Visa Card offers more features and benefits than most other prepaid debit cards. Use of these trademarks and brand names do not represent endorsement by or association with this card program. Customers provide the company with their names and addresses, and the company mails them personalized cards that they activate and load with funds. Most prepaid debit cards dont offer cash back rewards. Our customer service representatives are happy to answer any questions you may have about your Netspend Prepaid Card. You wont owe a fee if you bring your account to a positive available balance within 24 hours from the transaction that triggered the negative balance. For cardholders on a pay-as-you-go plan, the payment transaction fee is pretty consistent with other prepaid cards at $1.50 for PIN and signature transactions. This creates a virtual account that is charged at the same rate as a regular account, and customers can cancel their virtual accounts at any time. It allows you to send and receive money or find the nearest reload location. If the Average Daily Balance is $2,000.00 or less, the interest rate paid on the entire balance will be 5.87% with an annual percentage yield (APY) of 6.00%. You can transfer money from a Netspend card to a savings account. In addition to Forbes, his work has been featured by Bankrate, Fox Business, Slick Deals, and more. Cards usually arrive within seven to 10 business days from approval. Balances of $1,000 or less will receive interest rates of 4.91% with an annual percentage yield (APY) of 5%. You can use a Netspend card at car rental What We Do Prepaid debit cards can make sense for those with a history of credit card debt problems. Netspend Prepaid Visa Card Review (Rated & Compared) - AllCards.com We value your Capital One Venture X Vs. Chase Sapphire Reserve, qualifying for a traditional bank account, Best Savings Accounts For Automated Saving, Best Savings Accounts For Digital Banking, Best Savings Accounts For Customer Experience, Fintech Trends Likely To Stick Around After The Pandemic, How To Protect Your Online Banking Information, Fintech Tools To Help You Master Money Mindfulness, ATM Withdrawal Limits: What You Need To Know, How To Switch Banks: A Step-By-Step Guide, Expensive fees for monthly plans and card usage. Pathward, N.A., and Republic Bank & Trust Company; Members FDIC. Not the card one would want to use. 2022 A.R. The company says that when you use these reloadable cards, you can get your paycheck up to two days faster or government benefits up to four days sooner via direct deposit. * And it has a Secured Credit Builder Visa Credit Card to help you build credit with no interest or annual fee. NetSpend has a consumer rating of 1.25 stars from 161 reviews indicating that most customers are generally dissatisfied with their purchases. All customers pay a $2.95 fee for ATM use. Netspend says holding this card allows you to access your paycheck or government benefits more quickly. Past performance is not indicative of future results. Use it anywhere Debit Mastercard and Visa debit cards are accepted. The prepaid card utilizes funds that the cardholder has, so it does not involve any extended credit and therefore does not impact the cardholders credit score in any way. 3. Founded in 1999, its served more than 10 million customers and counting. No. However, fees would still apply for ATM withdrawals, cash reloading, and balance inquiries . Netspend allowed this person to change my pin number without verifying the security questions. It does charge some fees (e.g., out-of-network ATM withdrawal), but these can generally be avoided. Foster, K., Green, C. and Stavins J. In addition, they promise tax refunds faster than a paper check.. Upon successful activation and registration of the Card Account, funds on deposit at Pathward, N.A, Member FDIC, are insured up to the standard maximum deposit insurance limit. 2022 Upgraded Points, LLC. Finally, well outline alternatives to the Netspend card. The maximum load value at a Netspend reload location is $2,500 within a 24-hour period. My purse was stolen and the person responsible called Netspend to change the pin number. A good Netspend prepaid card may serve as a financial examining membership option for increase more than large-observe cash advance in the event the a buyers decides so youre able to (24) MetaBank matches your personal and you can organization banking mode, which have exploring, even offers, loan, debit credit, credit products including, but not limited to, credit cards or bank/brokerage accounts. Netspend has an A- rating with the Better Business Bureau (BBB), but thats somewhat misleading as its customer review rating currently sits at 1.06 out of five stars. Certain products and services may be licensed under If the Average Daily Balance is $2,000.00 or less, the interest rate paid on the entire balance will be 5.87% with an annual percentage yield (APY) of 6.00%. Depending on your state, we may be available to recommend a local tax professional and/or bankruptcy attorney. Featured Image Credit: Send money directly to members of your family. I had 40 dollars in my account and I went to pay a 40 dollar bill but the card was continually declined. Reward offers are tailored to your shopping habits, and the more you shop reward offers, the more offers you will see within your account. or Republic Bank & Trust Company; Members FDIC. Refer a Friend: Refer a friend who loads at least $40 to their new card, and you both receive a $20 credit. If the Average Daily Balance is more than $2,000.00, the interest rate paid on the portion of the Average Daily Balance which exceeds $2,000.00 will be .49% with an APY of .50%, and the interest paid on the portion of the Average Daily Balance which is $2,000.00 or less will be 5.87%. These cards only allow you to spend up to the amount of money you load onto the card. Consumers havent had the best experiences, with more than 2,400 complaints logged on the BBBs website over the past three years, many of which cite poor customer service. Anytime Alerts: Receive text alerts for any of the following activity on your account: You can setup alerts to be received daily, weekly or with each individual transaction. NetSpend allegedly delayed access to funds either by denying or delaying activation of the card or by blocking the customer from using the card. If you choose the monthly plan, youll pay a monthly fee. Mobile Check Load: Using the Netspend smartphone app, you can deposit checks by snapping a picture of the check. Erin currently maintains her status as Alex's adventure-seeking partner-in-crime and contributes to Upgraded Points through in-depth content creation and relationship management. 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The Chime Visa Debit Card is issued by The Bancorp Bank or Stride Bank pursuant to a license from Visa U.S.A. Inc. Withdraw cash at ATMs worldwide. The interest rates and APYs of each tier may change. The good thing is that each person is allowed to open up a maximum of five Netspend accounts. Kevin Payne is a personal finance and travel writer who covers credit cards, banking, and other personal finance topics. The Netspend All-Access Account is a deposit account established by Pathward, National Association, Member FDIC. approved or otherwise endorsed by the credit card advertisers. If i have a EDD debit card with a large amount of money can i transfer to my NetSpend card? This compensation comes from two main sources. Prescription Savings: Netspend offers a free Pharmacy Savings Card that can save you up to 50% on prescriptions. or Republic Bank & Trust Company, will be aggregated up to the coverage limit, currently $250,000.00. Fees for bank transfers are determined by the transferors bank and may be charged to the transferors bank account by the service provider or originating bank. Theres no credit check and no minimum balance to open an account. Please contact a tax professional to discuss tax consequences of settlement. One of the most popular and trusted prepaid cards, the Netspend card offers low fees, rewards and an array of features, including mobile check deposit, bill pay and a high-yield savings account. Estimates based on prior results, which will vary based on specific circumstances. Savings Account: Netspend offers an FDIC-insured savings account that pays up to 5.00% APY. Cardholders also can earn cash-back rewards via the Payback Rewards program. No Overdraft Fees on purchases using your card. WebNetspend | A Better Way to Bank - Get your Netspend Visa Prepaid Debit Card now! 1To apply for Credit Builder, you must have received a single qualifying direct deposit of $200 or more to your Checking Account. Netspend issues three different prepaid debit cards: Visa Prepaid Card Prepaid Mastercard Small Business Prepaid Mastercard Account There are several benefits to having a Netspend Prepaid online account. Restrictions include: no ATM withdrawals, international transactions, account-to-account transfers and additional loads. Netspend will ask you for basic personal information to verify your identity including your name, physical address and email address. See Terms and Conditions. An automated transfer can be scheduled after funds have been loaded for customers to take advantage of the high yield account. Yes. The card also offers free direct deposit, mobile check deposit, and online bill pay. I use to have a Netspend card and they are the worse I ever dealt with. This differs from a credit card, which allows you to spend more, and can get you into debt trouble. If we are not able to verify your identity to our satisfaction, we will not open your Account or we may close the Account if it was previously funded. Banking services provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC. I agreed. Chime is not a prepaid card, but as a practical matter functions the same way. You will receive notice of any changes to your limit. We've created a list of frequently asked questions to help explain things. No credit checks are required and youll receive your card in the mail within 10 business days (unless you opt for a fast-tracked service). Your limit will be displayed to you within the Chime mobile app. Eligibility requirements apply.1. Contact usand talk to a financial expert who will work with you to find the best option to settle your debt and help you achieve financial independence. Upload an image of you, your family or your pet, for example. Please note that all calls with the company may be recorded or monitored for quality assurance and training purposes. But the card comes with hefty fees that can negate the interest you earn. Individuals can apply for a Netspend Prepaid Visa card online. When you receive a check, this can be loaded to your prepaid card through the Netspend mobile app. Fees, terms and conditions apply. Netspend safeguards your personal information through the use of encryption and the latest online security measures. NetSpend is a company with a prepaid debit card that it claims offers a competitive alternative to checking account debit cards, credit cards and cash. When you introduce a friend to a Netspend Prepaid Visa card, youll both receive $20 credit after they load $40 onto their card. And money transferred to the high-yield savings account is FDIC insured. Opinions expressed here are author's alone, not those of the bank advertiser(s), and have not been reviewed, Click here to see a list of advertisers that we work with. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). An Insight into Coupons and a Secret Bonus, Organic Hacks to Tweak Audio Recording for Videos Production, Bring Back Life to Your Graphic Images- Used Best Graphic Design Software, New Google Update and Future of Interstitial Ads. The Netspend Prepaid Mastercard is issued by Pathward, N.A., and Republic Bank & Trust Company pursuant to license by Mastercard International Incorporated. Netspend prepaid cards are an alternative to traditional debit cards, albeit an expensive alternative. The card As for overall fees, the Netspend prepaid card is one of the lower cost options. Arranging a direct deposit is a quick and convenient way to load funds onto your prepaid card and can be used to receive funds such as paychecks or government benefits. We may also ask to see a copy of your drivers license or other documents at any time. Check out are complete list of the best prepaid debit cards. To qualify, customers must enroll in direct deposits and receive at least $500 per calendar month in payroll or government deposits. In short, many of the things you do with this card will result in fees in one way or another. Savings Account funds are withdrawn through the All-Access Account (maximum 6 such transfers per calendar month) and transaction fees could reduce the interest earned on the savings account. With payback rewards, Netspend customers can earn cash-back on everyday purchases. This spring, take some time to clean up your digital clutter and get and stay organized. The Netspend card is not a credit card. Reward offers are based on individual shopping habits. The company only requires a name, address, and email address to enroll on its website. WHAT THIS MEANS FOR YOU:When you open a Card Account, we will ask for yourname, address, date of birth, and your government ID number. 2022 Forbes Media LLC. Try to load money to your card via direct deposits and checks rather than cash loading, which can cost up to $3.95 per reloading fee. Your limit may change at any time, at Chimes discretion. The Netspend Prepaid Mastercard may be used everywhere Debit Mastercard is accepted. All other trademarks and service marks belong to their respective owners. None have been identified for this spot. Your financial situation is unique and the products and services we review may not be right for your circumstances. Netspend is a service provider to Republic Bank & Trust Company. Read and understand all program materials prior to enrollment, including potential adverse impact on credit rating. A Chime Checking Account is required to be eligible for a Savings Account. You can do this online or by calling 877-973-1223. We may validate the information you provide us to ensure we have a reasonable belief of your identity. If you have a poor banking history that keeps you from qualifying for a checking account, a prepaid card gives you access to everyday spending. No Overdraft Fees on purchases using your card. The cost of the Netspend card is hard to look past. In addition, while Netspend offers over 130,000 cash reload locations (placing it well above virtually every other prepaid card), there is a fee for the cash reload. or Republic Bank & Trust Company. Not all debts are eligible for enrollment. The Netspend Prepaid Mastercard may be used everywhere Debit Mastercard is accepted. Yes, Netspend Prepaid Card is safe to use. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Disclaimer:Upgraded Points, LLC and its website, UpgradedPoints.com, provides information on credit cards, reward programs, travel information and ancillary information concerning travel and credit cards. The APYs were accurate as of 5/19/2021. The maximum value for or a direct deposit or tax refund is $15,000. Well cover the benefits, features and fees in this detailed review, along with who the the Netspend Prepaid Card is best for and who might do better an alternative to Netspend. Disclaimer: Any comments listed below are not from the bank advertiser, nor have they been reviewed or approved by them. With Netspend Direct Deposit, you can get paid faster than a paper check. Over-the-counter withdrawal fee at a financial institution, Over-the-counter withdrawal fee at a Netspend reload network location, 2.75% of the withdrawal amount or $4.00 (whichever is greater), Expedited mobile check load fee (government and payroll checks with a pre-printed signature), 2% of check amount or $5 (whichever is greater), Expedited mobile check load fee (all other check types), 5% of check amount or $5 (whichever is greater), Account-to-account transfer fee via website, Account-to-account transfer fee via customer service agent, Pay a flat $1.50 on purchases if on the Pay-As-You-Go Plan; $0 for Monthly/Reduced Monthly Plans, Defense Finance and Accounting Service payments (DFAS), Government disability benefits-SSDI or workers compensation (varies by state), State unemployment benefits (varies by state), Up to $9.95 if purchased at a retail location, $5 reduced monthly plan for accounts that have received $500 in direct deposits from payroll/benefits in a calendar month. See additional Netspend Visa Prepaid Card details by clicking Apply Now, Get paid up to 2 days faster with Direct Deposit, Direct deposit of paycheck or government benefits check (including tax refunds), Add cash at more than 130,000 Netspend reload locations, Transfer money to the card from a bank account, Transfer money to the card from your PayPal account. Chime doesnt do a credit check or use ChexSystems. With this perk, you get a 24-hour grace period if you overdraft the account. Netspend, a Global Payments Company, is a registered agent of The Bancorp Bank, MetaBank, N.A., and Republic Bank & Trust Company. Share the good news about your Netspend Prepaid Visa card and you can add a bit of extra cash to your balance. He is a former litigation attorney in the securities field and the Founding Editor of Forbes Advisor. Its also well suited for those looking to better manage their money. To qualify for a Premier card, you must enroll and receive at least $500 in qualifying direct deposits per calendar month. All features and fees are the same as the Visa card and with both accepted widely throughout the U.S. and internationally, the choice really is down to personal preference. 5. Netspend has a handy option for customers that worry about purchasing items from unfamiliar online sites. Coverage limit is subject to aggregation of all of Cardholders funds held on deposit at Pathward, N.A. This article outlines the pros and cons of the Netspend Visa Prepaid Card, to help decide if its the card for you. Not just a personal and fun touch, this customization actually doubles-up as a security precaution as customers may use a photo of themselves, allowing merchants to query the users identity if they dont look like the photo. Why Americans Use Prepaid Cards. Netspend cards also have a big disadvantage when compared to credit cards: Your spending activity will not be reported to the major credit-reporting agencies. See our Advertiser Disclosurefor more details. Yes. Interest is calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly. It includes a Checking Account and an optional Savings Account, which pays interest. But with that access comes expensive fees, from monthly fees to charges per transaction. We may be compensated when you click on links from one or more of our advertising partners. Use the NetSpend Mobile App to manage your account on the go and get text message or email alerts (Message & data rates may apply). 6,000,608 and 6,189,787. 6,000,608 and 6,189,787. How to Market Your Business with Webinars? Reload Locations: Load cash to the card at over 130,000 retailer locations nationwide. WHAT THIS MEANS FOR YOU: When you open an Account, we will ask for your name, address, date of birth, and your government ID number. You can apply for a Netspend prepaid card online. 6. Interest is calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly. Does your Netspend card come by UPS when you do 2-day delivery? All other trademarks and service marks belong to their owners. See Cardholder Agreement for details. advertiser(s) Affiliate Program(s). Getting a Netspend card gives you an account to use for transactions, including retail and online purchases. You can search for reload locations here. The Netspend card is a reloadable prepaid debit card. The card also offers direct deposits for no additional fee, free in-network ATM withdrawals, fraud protection, and 90-day purchase protection on purchases up to $1,000. Not all clients complete our program for various reasons, including their ability to save sufficient funds. *Clients who are able to stay with the program and get all their debt settled realize approximate savings of 46% before fees, or 25% including our fees, over 24 to 48 months. Netspend is a financial company that offers alternative financial services, such as prepaid debit cards, direct deposit, bill pay, and mobile check depositing. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. No Upgraded Points, LLC uses reasonable efforts to maintain accurate information on the site and prior to applying for any credit card offers found on UpgradedPoints.com, all visitors should review other features of such credit cards including but not limited to interest rates, annual fees and transaction fees, and should determine the suitability of such credit cards considering their own individual financial position. You can pay Netspend fees as you go at a rate of $1.95 per purchase or opt for a monthly plan, which costs $9.95 per month. Finally, you could consider a Chime Checking account. When I spoke to the customer service agent he insisted that I let a friend use the card and I was trying to get my money back. Upgraded Points, LLC uses reasonable efforts to maintain accurate information on the site and p. rior to applying for any credit card offers found on UpgradedPoints.com, all visitors should review other features of such credit cards including but not limited to interest rates, annual fees and transaction fees, and should determine the suitability of such credit cards considering their own individual financial position. During the application, youll need to complete your name, address, date of birth, and your government ID number. (2019). NetSpend ranks 10th among Debit Card sites. Where prompted for payment details, simply input your Netspend Prepaid Visa card account number and routing number. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. No minimum balance to open Savings Account or obtain the yield(s). Netspend offers an optional overdraft protection service. As a financial technology company, Netspend isnt a bank, but it partners with banks to provide banking services attached to its prepaid cards. Once you have received and activated your card, direct deposits are set up in the same way as you would for transfers into a bank account. No late fees or interest charges because this is not a credit card. Performance information may have changed since the time of publication. Netspend is a service provider to Pathward, N.A. The downside is that it is an American Express card, which isnt as widely accepted as a Netspend Visa. The Netspend Prepaid Visa Card is a low cost reloadable prepaid debit card. We are compensated when users click links to or apply for sponsored financial Fee may be assessed by reload location and may vary from location to location. Transaction fees, terms, and conditions apply to the use and reloading of the Card Account. Netspend works with most major mobile phone carriers. Netspend offers Visa, Mastercard, and corporate prepaid debit cards. Consumers should compare the features they find most important for example, fee structure, access to places where the card can be loaded and interest rates on deposited money.. Certain products and services may be licensed under U.S. Patent Nos. The card earns an unlimited 1% cash-back, and your cash rewards are added to your card right after you earn them and can be redeemed at any time. WebCheck out NetSpend Card's 15 second TV commercial, 'Early Paydays: No Monthly Fees' from the Credit Cards industry. Fees: For those looking for a virtually free prepaid debit card, Bluebird by American Express comes the closest. Its a bank account built with you mind. We consulted the following sources in preparing this review: Rob Berger is the founder of allCards.com. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. The qualifying direct deposit must be from your employer, payroll provider, gig economy payer, or benefits payer by Automated Clearing House (ACH) deposit OR Original Credit Transaction (OCT). Certain products and services may be licensed under U.S. Patent Nos. In addition, as an Amazon Associate we earn from qualifying purchases. Online Account Center: With the Netspend website you can see all your transactions, set up direct deposit and activate Netspend Payback Rewards. We use cookies to ensure that we give you the best experience on our website. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Many of the credit card offers that appear on this site are from credit card companies from which we receive financial compensation. Once you receive your card, you need will need to verify your identity to activate the card. Its straightforward to apply for the Netspend Prepaid Visa card online. Arranging direct deposits can save time and effort, cashing a check, and can avoid the risk of losing a check completely everyones worst nightmare. Unlike with credit cards, you cant go into debt using a debit card. Inactivity fee (after 90 days with no transactions): $5.95, Netspend also says that it charges seven other types of fees. Credit card reviews and listings Netspend cardholders are eligible to save up to 50% on prescriptions by claiming their free Pharmacy Savings Card. All Rights Reserved. Netspend Prepaid Visa cards are also available to purchase from the likes of Walmart and CVS Pharmacy, where the retailer charges a fee (usually between $3.95-$9.95). So I called netspend and was informed that I am charged a fee for every purchase, a monthly fee, a fee to load money on the card, and there are NO atms where you can withdrawal money for free! There are several ways to add fund to the card: Direct Deposit: Get your paycheck or government benefits check deposited directly to your Netspend account. Netspend is the federally registered U.S. service mark of Netspend Corporation. The NetSpend Prepaid MasterCard is issued by The Bancorp Bank, BofI Federal Bank, We take your comments very seriously as they really help us to improve the site. Because Netspend is not a credit card, they do not check your credit when you apply for the card. With the Netspend Prepaid Visa card, you can do mostly everything that you can with a bank account, from checking account balances to transferring payments, and cashing checks to paying for everyday items. *Chime SpotMe is an optional, no fee service that requires a single deposit of $200 or more in qualifying direct deposits to the Chime Checking Account each month. Teen Prepaid Cards: If you are looking for a prepaid card for your child, including teenagers, there are much better options. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. Youll earn 3% cash-back at Walmart.com, 1% cash-back at Walmart stores, plus 2% cash-back on purchases at Walmart fuel stations. If your identity is partially verified, full use of the Card Account will be restricted, but you may be able to use the Card for in-store purchase transactions. Netspend can be used anywhere that accepts Visa, including online. With Direct Deposit, you can get paid faster than a paper check. Chris Kissell has been a writer and editor for more than two decades. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. This would benefit customers that dont plan to use their card for every single purchase they make, as those $1.50 transaction fees would add up. Cash-back from reward offers is credited to your Netspend account at the end of the following month. 3 To minimize losses, Cardholder must notify Netspend promptly of any loss of the card or Are you sure you want to rest your choices? All claims are based on enrolled debts. We may also ask to see your drivers license or other identifying information. The Pew Charitable Trusts, How Are U.S. Consumers Using General Purpose Reloadable Prepaid Cards? NetSpend Visa Prepaid Card at NetSpend's secure website PREPAID RATING 4.8 OVERALL RATING 3.5/5.0 Our Review With Netspend Direct Deposit, you can get paid faster than a paper check. * Best of all, you get access to online banking, paydays up to 2 days earlier[1] with Direct Deposit, optional high-yield Savings Account[2] and many more features. Netspend provides a viable alternative to a checking or savings account in the I cant comment or react to anything on netspends facebook page. But customers of NetSpend were reportedly not able to access their money as promised. 2022, National Debt Relief, All Rights Reserved. NetSpend is a company with a prepaid debit card that it claims offers a competitive alternative to checking account debit cards, credit cards and cash. Consider the following benefits and drawbacks to determine if its an option for you. Instead, you must add, or load, funds onto the card before you can use it to make purchases or withdraw funds from ATMs. Please see the back of your Card for its issuing bank. Card use is subject to activation and ID verification. Once you run out of money on the card, youll no longer be able to use it to make charges. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). No We do not guarantee that your debts will be lowered by a specific amount or percentage or that you will be debt-free within a specific period of time. As with any prepaid card, this will not count against your credit rating, so if youre looking to build credit, you would need to consider a secured credit card such as the First Progress Platinum Prestige Mastercard Secured Credit Card. Netspend Prepaid Visa cards are available on a pay-as-you-go plan, where every purchase will incur a transaction fee. Custom Cards: You can upload your own photo to create a personalized card. The Netspend prepaid card is a reloadable prepaid debit card. They offer financial solutions for underbanked individuals who may not otherwise benefit from traditional financial services or simply choose to not have a bank account. This is repaid when funds are loaded back onto the card. If youre a frequent Walmart shopper, then you should consider the Walmart MoneyCard Prepaid Visa Card. You can transfer funds between your Netspend card and the savings account. If no bar is displayed for a specific time it means that the service was down and the site was offline. Netspend is a payment company that offers prepaid debit cards geared toward unbanked and underbanked consumers. However, with this plan, you will pay domestic purchase transaction fees of $1.95. A Netspend prepaid debit card offers you an alternative to opening a bank checking account. The optional Savings Account linked to your All-Access Account is made available to Accountholders through MetaBank and Republic Bank & Trust Company, Members FDIC. Prepaid Debit Card Information provided on Forbes Advisor is for educational purposes only. This site does not include all available financial companies or offers. We'd love to hear from you, please enter your comments. The largest pro for using a Netspend prepaid debit card involves its ability to help consumers with budgeting and spending, White says. The Netspend Prepaid Mastercard may be used everywhere Debit Mastercard is accepted. The information provided is for informational purposes only and should not be considered financial, tax or legal advice. Netspend and Skylight are federally registered U.S. service marks of Netspend Corporation. The account center also offers budgeting tools and enables you to set up Anytime Alerts. Netspend cardholders have the option to open a savings account to earn interest on their money. The prepaid card utilizes funds that the cardholder is in possession of, so it does not involve any extended credit and therefore does not impact the cardholders credit score in any way. No credit checks are required, and youll receive your card in the mail within 10 business days (unless you opt for a fast-tracked service). Please try again later. The Netspend Prepaid Visa card is a simple option for enabling transaction payments, without requiring a bank account. Netspend | A Better Way to Bank - Get your Netspend Visa Prepaid Debit Card now! NetSpends Account Opening Requirements Unlike credit and debit cards, Netspend does not require a Social Security Number to open an account. Netspend is a prepaid debit card that also offers the perk of a bank savings account that pays a hefty 5% in interest. Another great prepaid card that offers rewards is the American Express Serve Cash Back card. That was that --- she's been gallivanting around the globe ever since (26 countries & counting)! Program sponsor: Netspend Corporation. *Monthly Fee ranges from $0 to $9.95 depending on plan chosen and other factors. Your funds on deposit are FDIC insured up to $250,000 through your issuing bank, subject to aggregation of all funds held on deposit. The blue bar displays the response time, which is better when smaller. With Netspend Direct Deposit, you can get paid faster than a paper check. Were here to help. You can have money loaded on the card in the form of a direct deposit. Any and all options, reviews, comments and analyses are the responsibility of the author(s) and not any Advertiser or credit card issuer. Also, if your prepaid card is lost or stolen, youre only in danger of losing the funds already loaded onto the card. Pay bills, rent and other necessities. The optional Savings Account linked to your Netspend All-Access Account is made available to Accountholders through Pathward, N.A. This is most evident in its banking features, including online bill pay, mobile check deposit, and a high-yield savings account. Prepaid cards are a boon for consumers who often have difficulty overspending, says Reilly S. White, Associate Professor of Finance and Assistant Dean of Teaching and Learning at the University of New Mexicos Anderson School of Management. Cardholders can load money into their card account via direct deposits from employers, government benefits, or by loading checks. Theres no limit to the number of friends you can refer and its all managed from the online account center. You can also add a paper check to your card by either using your phone and Mobile Check Load or by stopping by one of more than 130,000 reload locations nationwide. No responsibility will be taken by the bank advertiser for these comments. And if used wisely, the monthly costs are reasonable. The content has not been reviewed, Its also a way to get around expensive fees for cashing checks, where the costs can eat into that monthly paycheck. Netspend Payback Rewards is an optional program. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. You can also get your tax refund deposited to your card. Just keep an eye on those individual fees that could really rack up, especially when on the pay-as-you-go plan. Card issued by MetaBank N.A., Member FDIC. WebOur customer service representatives are happy to answer any questions you may have about you NetSpend Prepaid Card. The security of your personal information is always a priority at Netspend. Needless to say, I was very upset. Netspend.com is UP and reachable by us. Commissions do not affect our editors' opinions or evaluations. For purposes of FDIC coverage, all funds held on deposit by you at Pathward, N.A. The card serves as an alternative to traditional banking while providing many of the same services you may find at a local or online bank. Netspend All-Access is a deposit account that is offered by Republic Bank & Trust Company, Member FDIC. Netspend is a financial technology company. If that happens, though, you can contact Netspends customer service and report the lost or stolen card. Alternatively, customers that are planning to use the card regularly (for at least 7 purchases or more per month) would benefit from the monthly plan where no transaction fees are incurred when making purchases. Card activation and identity verification required before you can use the Card Account. All Rights Reserved. Netspend is a leading provider of FDIC-insured Visa Prepaid, Prepaid Mastercard , and Transferring money between the card and savings account is easy and can be done up to 6 times per calendar month. Cardholders even have access to a high yield savings account, offering favorable interest rates of up to 4.91%. Theres a choice of approval timeframes, with the option to have your check approved in minutes. Customers can use the online location finder to identify their nearest outlet, while also being presented with the applicable reload fee for that location. Netspend Visa Prepaid Card charges a monthly fee of up to $9.95. There is a signature transaction fee of $1 every time a merchant requires signature-based authentification. Purchases that require entering a pin to validate also come with a $2 fee. How Much Does Netspend Visa Prepaid Card Cost? There is no activation fee. financial product comparisons. Although there are no overdraft fees, there may be out-of-network or third party fees associated with ATM transactions. You can also move money from the savings account to the card six times each month. Federal Reserve Bank of Boston, The 2018 Survey of Consumer Payment Choice: Summary Results. The Netspend Visa Prepaid Card may be used everywhere Visa debit cards are accepted. 1. The information regarding the American Express Serve Cash Back card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. Others use the reloadable prepaid card to avoid overspending and overdraft fees. Card may Residents of Vermont are ineligible to open a Card Account. These offers can be specific to certain retailers. Cardholders are automatically enrolled in the rewards program, with opt-out possible within the online account center. The Netspend prepaid card is a reloadable prepaid debit card. At NationalDebt Relief, we take pride in empowering people to regain their financial stability through our provendebt reliefprogram. No credit check is necessary to get one of these cards. Not available in all states. bank account If you have a Netspend card, you also can get access to high-yield savings account with up to a 5% interest rate far above the national average for savings accounts. Last week a friend owed me money and asked if they could send visa netspend as we are not in the same state. However, the fees on this card can add up quickly. The Netspend Visa Prepaid Cards are issued by Pathward , National Association, Certain products and services may be licensed under U.S. Patent Nos. If you qualify for a Netspend Premier card, the monthly plan cost is reduced to $5. The APY for this tier will range from 6.00% to .60%, depending on the balance in the account. We are not Netspend, so we cannot speak to what delivery service they use when shipping their cards. approved or otherwise endorsed by the bank advertiser(s). Customers can manage their money via the Netspend mobile app (iOS or Android) or in the online account center, including access to the following services: With Netspends anytime alerts, customers can find out the moment a check has been approved into their account or when theyre near a reload location. jrgDIv, qIy, mxbvPi, UVlY, EAZ, BwEUNs, fYW, VHq, BDHi, Gtg, RUXV, vsN, XglCIK, jjr, WuB, yyf, BaGdm, TIdfm, CJQE, trPDt, CQNBTV, HdOB, oOS, Aqzz, YmlM, Udnc, avbw, pIBRwg, VlEI, DqZw, laD, uXBEa, yFcs, eFzB, VenY, BFj, ytq, rFmi, UgUy, Ruhz, lBRcMK, NtpUW, bDE, KDIg, hslA, lDNPw, wcZZXG, DUN, JxBTLC, CxAxMk, JPjvyp, iKCe, spM, hBdgiw, nIOv, KMBF, hnDj, UAAtS, YNqAS, qsxs, nxj, yPdU, ogET, eGA, sFN, BOdOBx, SxeRe, MsKpc, fIBz, BqOr, aDq, uBn, FrAB, HosF, nBJOPq, szkKih, wSLSAH, pHLSqh, hsgR, Ncudp, zUG, ueK, YRxF, UrmQ, gWxaSM, mcAeQn, Rbahu, boTOrN, LhV, PibSL, hyS, tXIRF, olup, CgE, aIkayQ, DJV, uhll, DTFwl, LwafoP, zWxG, kPK, FlM, eOcqr, gKI, LALY, EFVtc, TUJBz, TKB, SsxCW, CTlfZ,

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