Netspend charges an inactivity fee if there's no activity in your account for 90 days. They don't count withdrawals as an activity, so we'll need to set up an automatic transfer of $1 onto the prepaid debit card at least every 90 days in order to avoid that fee.
NetSpend has partnerships with many national chains, including Office Depot, Walgreens, 7-Eleven, CVS Pharmacy, and Walmart. The card's purchase fee may range between $2.95 and $4.95; the average cost is $3.95, as is the reload fee.
The NetSpend Visa Prepaid Card is one of the best no-fee prepaid cards. With this card, you will not have to worry about overdraft fees, activation fees, credit checks, or minimum balances.
Netspend Card Cons
Steep monthly fee for basic fee plan and no way to waive the fee completely. No free network for cash reloads or withdrawals. Inactivity fee if you stop using the card, among other fees that many prepaid cards don't have. Optional overdraft service costs $20 per overdraft, up to five times per month.
Netspend is a pre-paid debit card that can be replenished regularly and with direct deposit. You can also receive certain government benefits to a Netspend card like Social Securityu payments. Netspend activity is not reported to credit bureaus and will not impact your credit score.
Avoid this company at all costs. If giving a gift, just do a Visa gift card. Netspend is a criminal organization that is shamelessly taking money from hard working people!
The NetSpend card can be loaded at grocery stores, gas stations, check cashers, and convenience stores all over the country. You can find the nearest reload location here. Some of the reload locations include Walgreens, Office Depot, 7-Eleven, CVS and Walmart.
With most prepaid cards you will have to pay some fees for holding or using the card. The kinds of fees and the amounts vary depending on the card and how it's used. Think about how you plan to use the card and compare the fees on different cards for those particular uses.
5 Netspend does not charge for this service, but your wireless carrier may charge for messages or data. 6 Mobile Check Load is a service provided by First Century Bank, N.A. and Ingo Money, Inc., subject to the First Century Bank and Ingo Money Terms and Conditions, and Privacy Policy. 7 Custom Card Fee applies.
Another way to check your balance is to call Netspend's toll-free number at 1-866-387-7363. Note: This service incurs a $0.50 service fee.
You can have money loaded on the card in the form of a direct deposit. 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.
You may be charged an inactivity fee if you do not use your card for a certain period of time. Prepaid card providers generally charge either a monthly fee or an inactivity fee, but not both. Remember, if your provider charges a monthly fee, you will continue to be charged this fee even if you're not using your card.
What Happens if You Get Too Many Inactivity Fees? Your institution will attempt to contact you. However, if your account remains inactive for a considerable amount of time, the institution could charge you an additional escheatment fee before transferring the remaining account balance to the state.
To close your Netspend card account, call customer service at 1-866-930-9924, or log in to the Online Account Center at https://www.netspend.com/account/login . Make sure you withdraw or spend all the money on your card beforehand. You can also request the funds be sent to you via check. Hope this helps.
Answer: No. The Debit Cards are actually controlled by a private bank, called MetaBank. Federal laws prevent the government from tracking the financial transactions of citizens, without written permission, "except under limited circumstances."
You can buy a Netspend prepaid card at participating stores, or on the issuer's website. Some of the retailers that sell Netspend cards include Walmart, CVS Pharmacy, 7-Eleven, Office Depot and Walgreens. If you sign-up for the card online, you'll receive it via mail in 7-10 business days.
You can load a maximum of $2,500 on a NetSpend card over any 24 hour period. This is the maximum cumulative amount of in store cash value loads. The maximum amount for direct deposits and tax refund ACH deposits is $15,000.
Netspend makes its money through a variety of fees, such as the monthly plan fee, transaction fees, ATM withdrawal fees, replacement card fees, and inactivity fees. Netspend operates in the prepaid card industry and is one of the key players, along with JPMorgan, Brink's, Mango, Kaiku, and American Express.
You can add money to your Netspend card from a checking or savings account, as long as your bank participates. To transfer money, log in to your account and link your bank account to your Netspend Card. Some banks may charge a fee for transfers.
This is called an authorization hold, and it's one of the most common things we hear about from cardholders. Sometimes, transactions like car rentals, hotel rooms, or pay at the pump require a pre-authorization, which means a hold is placed on some of your funds until they know the final amount owed.
If you have a Netspend Visa or Mastercard prepaid card, you can use it at any of the more than 55,000 ATMs in the network for no fee. You can find Allpoint ATMs in popular retail stores nationwide like CVS/pharmacy, Walgreens, Target, Speedway, and Rite Aid.
The prepaid card issuer is required by law to verify your identity for most types of prepaid accounts. You may be asked to provide your full name, street address (no P.O. boxes), date of birth, and Social Security number, taxpayer identification number, or another identification number.