what is netspend visa

by Kianna Jenkins Published 3 years ago Updated 2 years ago

Netspend offers Visa and Mastercard prepaid cards to its customers. State and federally regulated financial institutions partner with Netspend to issue the cards, which are insured by the Federal Deposit Insurance Corporation (FDIC). The cards allow consumers to add, spend, withdraw, and manage money.

What is a Netspend card used for?

With a Netspend Prepaid Debit Card, you can make purchases at stores, over the phone and online. Use it anywhere Debit Mastercard and Visa debit cards are accepted. Withdraw cash at ATMs worldwide. Pay bills, rent and other necessities.

Is Netspend Visa a credit card?

Understanding Netspend Cards In other words, a Netspend card is not a credit card at all but simply a way of making funds that are already in your possession available via credit/debit card electronic payment technology. Credit cards offer a revolving line of credit, which you can typically pay off over time.

What's the difference between Netspend Visa and Netspend Mastercard?

Netspend cards Netspend card options include the Netspend Visa® Prepaid Card and the Netspend® Prepaid Mastercard®. With the exception of the payment network on which they're issued, there's no difference between the two.

What kind of credit card is Netspend?

Netspend® Visa® Prepaid Card Overview Netspend provides a viable alternative to a checking or savings account in the form of a prepaid card. With the Netspend® Visa® Prepaid Card, you can conveniently manage your finances and load money through various methods.

Which bank owns Netspend?

The Netspend Visa Prepaid Card is issued by The Bancorp Bank, MetaBank®

Is Netspend a bank account?

It's a bank account built with you mind. There's no credit check and no minimum balance required to open an account. * 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.

How much can you have on a Netspend card?

Editorial and user-generated content is not provided, reviewed or endorsed by any company. 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.

Are Netspend cards safe?

Netspend Online Banking uses Secure Socket Layer (SSL) technology to encrypt your personal information, such as user IDs, passwords, and Card account information, when transmitted over the internet. Any information we provide is scrambled en route and decoded once it reaches your browser.

Can I transfer money from Netspend to a bank account?

You cannot transfer money from NetSpend to a bank account. You can only transfer money to people who also have Netspend cards. You can do that online by logging in to your account and selecting "Send Money". However, you can receive money on NetSpend from any U.S. bank account.

How do you put money on a Netspend card?

Bank Transfer 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.

How do I redeem my Netspend Visa card?

1:156:36How To Activate Netspend Prepaid Visa Debit Card - YouTubeYouTubeStart of suggested clipEnd of suggested clipAlright I went ahead and opened up the app store once you're here in the app store you want to typeMoreAlright I went ahead and opened up the app store once you're here in the app store you want to type in NetSpend prepaid. And it's this orange app right here I guess it's orange.

How much can you withdraw from Netspend?

Netspend Prepaid Card Withdrawal Limits Every 24 hours, you may spend a maximum of $4,999.99 on purchases. Over-the-counter cash withdrawals are limited to $4,999.99 each day. Each ATM withdrawal has a max of $325.00. ATM withdrawals totaling $940.00 per day.

Does NetSpend help build credit?

Using Netspend cards won't do anything to build or hurt cardholders' credit because it doesn't extend any credit to them. Cardholders are responsible for loading their own money into their accounts before they use their cards—otherwise, they'll be declined.

What is the minimum amount you can load on a NetSpend card?

The minimum amount of the initial value load is $10. However, the minimum value of the subsequent loads is not specified. That being said, the minimum and maximum dollar value of any value loads made through the NetSpend Reload Network will be established by the individual reload location.

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