What Do Customers Think
NetSpend receives high overall customer service marks from its users. The ConsumerAffairs.com website had 3,149 reviews of the company’s products and services as of August 2016. Of the 1,023 reviewers that rated NetSpend, 713 gave the company a four- or five-star rating, 46 gave a three-star rating, 42 rated the company with two stars and 222 gave a one-star rating. Many of the positive reviewers mentioned the ease of activation and the excellent customer service, while some of the negative reviews cited poor customer service.
How Does Fdic Insurance On Prepaid Cards Work
Prepaid debit cards nearly always have FDIC insurance, which keeps your funds protected in case the issuer goes bankrupt. Only financial institutions can have FDIC insurance, so a prepaid card is either managed by a bank or by a prepaid card company that partners with a bank to offer that insurance. You must register your prepaid debit card with your name and other identification information in order to be eligible for FDIC insurance and other protections.
About the author:Spencer Tierney is an expert on certificates of deposit at NerdWallet. His work has been featured by USA Today and the Los Angeles Times.Read more
How To Add Money To Netspend Card At Walmart Store
Frankly speaking, your first question must be: how to find a Netspend reload center? Here is a simple answer to this question. Wherever you are in the US, you are just a few taps away from nearby reload centers. With the help of your Netspend app, you can spot the location of Netspend reload center. These reload centers might be retail shops, shopping malls, petrol pumps, and grocery stores. These are steps to follow to find out Netspend reload card center:;
- Launch the Netspend app on your phone.
- From the top left corner select the three blue lines icon.
- Now from the drop down menu, select reload locations.
- Finally, to find out the nearby reload center, type your location in the search location.
- Next screen will open up with red spots indicating your nearby location where you can go and add money to a Netspend card. This center might be a Dollar General, Family Dollar, Walmart or any other store.
- Reach store with cash money and your Netspend card.
- Then, get in touch with the cashier available at the counter and handover your card with cash money.
- Don’t forget to once request to waive off the fee.
- Cashier will scan your card and in just a few seconds money will be added to your Netspend prepaid debit card.
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How To Explain Can Someone Send Me Money To My Netspend Card
Has anyone asked you a question like, can someone send me money to my Netspend Card? you might have found it challenging to explain to them because maybe you had not used Netspend before, or do not have adequate knowledge about how someone can receive money in their Netspend Card. Explaining such a question will be easy after reading this article. Stick around to get all the information regarding Netspend.
Netspend is a global payment service agent of Bancorp Bank, Axos Bank, MetaBank, and Republic Bank & Trust Company. The company gives prepaid debit cards to users to manage their money in their way. They include; Netspend Visa® Prepaid Card or a Netspend Prepaid Mastercard®. Since the cards are prepaid, you have to recharge them for you to use them for various kinds of transactions.
The debit cards allow you to save big on your daily transactions due to your cash back when you purchase at certain outlets. You can also earn interest in your savings. The Netspend debit cards are alternatives to checking accounts and credit cards. However, the company itself does not give loans like it is with checking accounts and credit cards. It only happens that some lenders provide loans via Netspend cards.;
How To Check The Netspend Balance
The first and easiest way to check your NetSpend balance is to log on to your online account. Another method involves signing up for free Anytime Alerts. In this case, you will be receiving the information contained in text messages.
You can configure the notifications to inform you of other events associated with the NetSpend card. You can set to update you on:
- Details about your last transaction/last seven deposits, etc.
- Closest reload location to you
- Your account routing
- Information on the send money limit
- When a spending limit is reached
- When paycheck becomes available
For example, you can text BAL or RELOAD, and it will let you know the current balance or nearest reload locations.
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How Can I Transfer Money From Netspend To My Bank Account
Prepaid debit card accounts like Netspend are popular for many reasons. Consumers often want to eliminate the risk to their personal bank accounts by paying for purchases with prepaid debit cards. These cards only have access to limited funds the amount you choose to deposit rather than the full amount in your bank account. In other cases, consumers need to reestablish a positive banking history before they can open a traditional bank account, or young adults use them to control their spending while they learn how to manage their money.
Online shopping and many other types of purchases require a debit or credit card, which makes some type of payment card a necessity in todays world. As a debit card with either the Visa or Mastercard logo, Netspend cards allow you to deposit as much or as little as you want, giving you the freedom to make card-only purchases with a quick swipe. Heres a quick look at how Netspend works hand-in-hand with your bank account.
Netspend Vs Credit Cards
The main difference between a NetSpend Mastercard or Visa and traditional credit cards is in the NetSpend credit line you are limited to the amount you can preload. Simply put, what you pay in advance is what you can spend.
When you use a credit card, the line of credit offered must be paid off at a specified time. Additionally, the outstanding credit card balance is associated with interest. Thus, when using credits cards, you essentially borrow money from the bank at a certain interest rate and pay it back later. With Netspend, you are using your own money and owe nothing once you spend it.
Unlike most credit card companies, NetSpend does not provide a reward system. Normally, you can receive airline miles, cashback, or exclusive sales for using a credit card. The only consideration is that one needs to spend a considerable amount of money on seeing these reward points actually grow. However, if you tend to spend a lot, the credit card reward system will be more beneficial to you.
What makes NetSpend and credit cards similar is the fact that they are connected to Visa or Mastercard. This means most stores will accept either of these methods of payment.
It is always advisable to conduct thorough research before committing to any type of debit or credit card. DebtQuest offers a variety of services aimed to help you with your financial struggles and become more educated on the topic. We offer everything from credit counseling to debt consolidation.
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Who Can Qualify For A Netspend Card
Netspend doesnt require a bank account or run a credit check, so pretty much anyone can qualify for a Netspend card. Youll have to verify your identity by providing your name, date of birth, address and government ID number, like the one on your passport or Social Security card, to have full use of the Netspend card, otherwise you can only make in-store transactions. You wont be able to reload it, either, so when the money you initially added when activating the card is gone, it becomes essentially useless.
Primary cardholders need to be at least 18 years old, but Vermont citizens need not apply, as residents of the Green Mountain State are ineligible for a Netspend account.
How To Deposit Money On A Netspend Account
The NetSpend Corporation began offering its prepaid debit cards in 1999. The card may have been designed for customers without a checking account or a satisfactory credit history, but it is also useful for customers in other situations. For instance, an employer can reduce paper use by depositing a payroll payment into an employee’s NetSpend account, and individuals who wish to protect their financial information can shop online with a NetSpend card. The process of depositing money in a NetSpend account is not complex, and you may use several options. You may complete the process online or offline.
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Reloading A Prepaid Card With A Credit Card
These days, many cards only allow transfers from the methods mentioned above. However, there are still ways to use a credit card for reloads.
Reloads with a credit card were accepted more often until prepaid cardholders started abusing this method to simply get more points and rewards.
It was a common method to hit credit card bonuses without actually buying anything. Now, reloading a prepaid card with a credit card is pretty rare.
One way is to use cash advance checks that come with a credit card. By making the check out in the card holders name, one can cash the check-in a retail store or check cashing center.
Some stores let people make a cash advance check out to the business, then a customer service representative can deposit the money directly onto the card.
That way, one can save money by not having to pay personal check cashing fees along with the fees to reload a prepaid card.
Another way to use a credit card to reload a prepaid card is by withdrawing cash directly from an ATM to reload onto a prepaid card.
However, getting a cash advance from your credit card comes with steep fees and even steeper interest rates. Only do this if you can pay back the balance on the credit card immediately to avoid falling into credit card debt.
Reloading with a credit card, in general, isnt worth it. The fees and interest involved with taking out a cash advance from a credit card on top of all the fees for opening and reloading a prepaid card make it a very expensive method.
How To Add Bank To Cash App
As mentioned above, you need to have a bank account linked to your Cash App that is the same as the account where the 3rd party wallet transferred the funds to.
- Open Cash App on your smartphones
- Visit the balance icon located at the bottom-left corner of the display.
- Head to Add Bank
- Enter your Bank information on the first screen.
- Finally, click the Add Bank at the bottom right of the screen
- Your bank should be added.
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How Do You Deactivate Or Cancel A Netspend Card
Eric is currently a duly licensed Independent Insurance Broker licensed in Life, Health, Property, and Casualty insurance.;He has worked more than 13 years in both public and private accounting jobs and more than four years licensed as an insurance producer.;His background in tax accounting has served as a solid base supporting his current book of business.
Netspend was founded in 1999 and is a provider of;prepaid debit cards;for both personal and commercial customers. According to;its website, Netspend serves 68 million underbanked consumers. Those who use Netspend generally don’t have a traditional bank account or choose alternative financial services options. Consumers can load their debit cards with cash, link them up to bank accounts for transfers, or sign up for direct deposit for their paychecks,;income tax refunds, or other benefits.
Prepaid debit cards like Netspend are considered by many to be a fast and reliable way to make whatever payments required. The card allows a debit, credit, and automated teller machine withdrawal feature. Netspend also offers several other benefits, such as online account access and a payback rewards program.
The Benefits Of Using Netspend Prepaid Mastercard To Transfer Money
So far we have discussed what to do in case you want to transfer money from Netspend to Cash App.
However, the prepaid Mastercard is quite useful in other means as well such as managing money without owning a checking account. Before we take a look at its benefits, heres a quick overview of Netspend card features.
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How Netspend Works And Makes Money
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. Customers provide the company with their names and addresses, and the company mails them personalized cards that they activate and load with funds. The company claims that its cards offer advantages to consumers who do not have banking accounts, credit cards or access to traditional financial services.
How To Add Money To Netspend Card
Wondering where I can add money to my Netspend card? Worry not. I have got good news for you. In many ways, you can load money to your Netspend card. Here below mentioned all the ways to add money on Netspend card.;;
- You simply can transfer money from your bank account to your Netspend card using Netspend mobile application.;
- Gladly, PayPal supports Netspend cards. So, if you have a PayPal account, you can load your Netspend card with ease of mind. First, you will be required to link your Netspend card to PayPal and then you will be able to reload money on a Netspend card.;
- Interestingly, with the help of many popular retail stores you can add money to your Netspend card such as Family dollar, Dollar General, Walmart, and so on and so forth.;;
- If all above mentioned ways don’t meet your expectations, not an issue. Netspend direct deposit, tax refund, and transfer between Netspend card accounts are some best indirect ways to add money to Netspend cards.;
- Lastly, but most importantly, take it on a serious note that Netspend supports mobile checks as well. It means, if you have a valid check of any authorized US based bank, you are in luck. All you need is just take a picture of your check from both sides and upload it using your Netspend app. Mobile check load option you can find inside the menu tab. Find more information in the following section.
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Ways To Load Cash On A Prepaid Card Summed Up
You have a number of ways to add cash to a prepaid card. With the differences in fees and convenience, its an important factor in deciding which prepaid card to get or whether to switch. Virtually every way of adding cash involves fees. Consider the other free ways to add money to your card.
Heres the list of all the ways to add cash to a prepaid card, along with their fees.
| Cash Reload Method |
|---|
Reasons To Use A Prepaid Card
The most common reasons people get prepaid cards are to avoid overdraft fees, to control spending, to control credit card debt, and to make purchases with merchants that dont accept cash.
However, many people use prepaid cards to collect points and rewards too.
Like any other financial decision, its best to do your research before getting a prepaid card. Some charge extra for customer service, and most have fees for activating the card, balance inquiries, using the ATM, reloading money and more.
Figure out what a prepaid card will cost you before making a decision.
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How To Reload A Netspend Card From Paypal
Even if you have a checking account, debit card or credit card for your business, you may not feel comfortable shopping with it online. NetSpend offers a prepaid debit card that you don’t need a bank account to use. To use your NetSpend card in stores or online, you’ll first need to transfer funds to it from another source. If you have a PayPal account, you can link it to your NetSpend card as you would a regular bank account. You’re then able to refill your NetSpend card with funds from your PayPal account.
Downsides Of Loading Cash To A Prepaid Card
With all of these options to load cash on a prepaid card, its still important to remember the downsidethe fees.
Prepaid cards can be used inexpensively, but its much harder to keep fees in line when paying to add money to the card. Most cards offer a number of free alternative load options. First, virtually every card has free direct deposit. If loading your paycheck or benefits check to your card consists of cashing the check then using one of the above services, youre paying too much. Setting up direct deposit to get the funds on the prepaid card is easy and free.
Second, many prepaid cards have mobile applications where you can deposit checks to the card with no fee. Although theres a wait, the savings over check cashing and loading cash is worth it.
Third, with most prepaid cards, you can transfer money from your bank account to your prepaid card for free. While some prepaid card users dont maintain a traditional bank account, its a good option if you have one.
Some cards, like the PayPal Prepaid Mastercard and the Walmart MoneyCard, allow you to transfer money from a PayPal account to a prepaid card. Another free alternative. But note that the PayPal card is the only one with instant PayPal transfers.
But some cant avoid loading with cash. Servers and drivers that receive cash tips, for example, have limited options. For those, consider a bank issued prepaid card with free cash load options or a prepaid card that participates in one of the lower fee networks.
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