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NetSpend prepaid MasterCard and Visa cards are popular prepaid debit cards requiring no minimum balance and no credit check. All transactions made using NetSpend cards are insured by the Federal Deposit Insurance Corporation (FDIC) up to the current coverage limit, and the cards can be used anywhere Debit MasterCard and Visa debit cards are accepted. Cardholders can make in-store purchases, shop over the phone and online, and withdraw cash at ATMs worldwide.

Getting a NetSpend Card

NetSpend applications are quick and simple, just requiring your name, address and email address. All applicants are guaranteed approval once the applicant's identity is proven, and new cards are sent via mail within seven to 10 business days.

How to Use NetSpend Cards

When using the cards in stores, if you choose credit at checkout and provide your signature, the transaction fee for the purchase will be $1 and the funds are deducted from the card account. If you choose debit, you must give a personal identification number (PIN) and you are charged a $2 transaction fee. Individual transaction fees can be avoided by subscribing to premium Fee Advantage Plans, which charge monthly service fees ranging from $5 to $9.95 as of 2015. Fees for ATM cash withdrawals range from $2.50 domestically to over $4.95 internationally.

How to Reload Funds

Funds can be added to NetSpend accounts through direct deposit, bank account transfers, NetSpend card account transfers or through NetSpend reload network locations. The only ways to add funds to the account without incurring fees are through direct deposit or through the NetSpend online account center.

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