A:

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.

RELATED FAQS
  1. Where can you get NetSpend cards?

    Learn where to get a NetSpend card and how to open an account, either through the NetSpend website or through a participating ... Read Answer >>
  2. Will Netspend cards let you overdraw your account?

    Discover if Netspend debit cards allow you to overdraw your account and learn how to enroll in Netspend's overdraft protection ... Read Answer >>
  3. How does NetSpend overdraft protection work?

    Discover how NetSpend overdraft protection works and how it charges for each overdraft transaction. Read Answer >>
  4. Can I use a prepaid credit card to pay bills or transfer money to other accounts?

    Learn how prepaid credit cards enable convenient bill payments and transfers. Explore different fees charged for such transactions. Read Answer >>
  5. Debit card versus credit card

    Can't figure out which card to use when making a purchase decision? Here is everything you need to know about the differences ... Read Answer >>
Related Articles
  1. IPF - Banking

    How To Find The Right Prepaid Debit Card

    Prepaid debit cards are becoming increasingly popular. Here are some tips for choosing the right prepaid debit card.
  2. IPF - Banking

    6 Reasons You Don't Need A Prepaid Debit Card

    We'll look at six situations where a prepaid debit card might seem like a good idea, but it really isn't necessary.
  3. IPF - Banking

    How To Keep Your Debit Card Transactions Safe

    Debit card use has become more popular than ever, but not every consumer knows what they need to do to make sure they keep their debit card safe.
  4. Personal Finance

    Should You Pay in Cash?

    Avoiding plastic payment can do wonders for your stress level and pocketbook.
  5. Personal Finance

    How To Live Without A Credit Card

    Debit cards are more widely accepted and provide better fraud protection than in the past.
  6. Personal Finance

    10 Considerations For Using Your Credit Card Abroad

    Credit cards can be the best item you pack when traveling, just make sure that you are taking the right card that suits your needs.
  7. Personal Finance

    3 New Types Of Credit Cards To Look For

    These three types of credit cards are becoming popular with customers looking to pay less fees and build up their credit scores.
  8. Personal Finance

    Purchases You Should Always Make With A Credit Card

    Credit cards aren't always bad possessions to have. There are certain perks associated with using credit cards as we make routine or irregular purchases.
  9. Insights

    How to Avoid the Hijacking of Your Credit Cards

    Arm yourself with these strategies on how to safely use your credit and debit cards, and protect yourself from fraud and identity theft with every swipe.
RELATED TERMS
  1. Stored-Value Card

    A stored value card is a type of electronic bank debit card.
  2. Payroll Card

    A payroll card is a prepaid card onto which an employer loads ...
  3. Offline Debit Card

    An offline debit card is a type of automated payment card, similar ...
  4. Prepaid Credit Card

    A prepaid credit card is a secured card issued by a financial ...
  5. Carding Forum

    A website dedicated to the sharing of stolen credit card numbers. ...
  6. Bank Identification Number - BIN

    A bank identification number is the first four to six digits ...
Trading Center