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Netspend Daily ATM Withdrawal Limit

Prepaid debit cards from Netspend, such as the Netspend Prepaid Visa card and MasterCard, are extremely popular prepaid debit cards that do not require a minimum balance or credit check. The FDIC (Federal Deposit Insurance Corporation) protects the value of all transactions carried out using Netspend cards, up to the current coverage limit, and they can be used worldwide.

Users can make purchases in stores, shop online and over the phone, and withdraw cash from ATMs anywhere in the world.

What Is Walmart NetSpend Daily ATM Withdrawal Limit?

At over-the-counter locations like the Walmart MoneyCenter, $4,999.99 is the maximum withdrawal amount for NetSpend. If you intend on withdrawing a significant amount of money, contact your local store ahead of time to ensure they have enough cash on hand.

Walmart restricts cashback offers to a maximum of $100 with any debit card transaction at an automated register, which includes NetSpend withdrawals. You may save money on transactions by utilizing self-checkouts that charge a lower fee of $60 per transaction.

NetSpend allows users to withdraw up to $325.00 through Walmart ATM withdrawals, as well as makeup to six purchases each day at a maximum of $940.

Does Walmart Impose Fees When Withdrawing From A Netspend Card?

Yes, Walmart’s NetSpend withdrawal fees differ based on your choice. NetSpend’s maximum fee limit is used by Walmart MoneyCenters to compute its fees. As a result, you may anticipate paying approximately $4 or 2.75% of the amount withdrawn.

If you use NetSpend Pay-as-You-Go, you’ll be charged $1 to $2 for each debit transaction. Customers on the Monthly Plan or the Reduced Monthly plan are not subject to fees. ATMs at Walmart cost a fee of $2.50 to $3 per withdrawal, on average. NetSpend charges $2.95 for cash withdrawals that aren’t connected to a regular network.

Read More: How To Withdraw Money From Netspend

Is It Possible To Withdraw NetSpend Money For Free At Walmart?

Yes, it is possible! There are no cashback fees when you use the cash back method at the self-checkouts or check-out at Walmart. To avoid Netspend debit costs, make sure you’re not on a pay-as-you-go plan.

What You Will Need To Set Up Your Netspend Card?

You may set up an account online by providing your date of birth, name, and address. Netspend may also request to check your driver’s license or any other form of Identification, so make sure you have these as well as a means to attach photographs. If you need to add another cardholder to your account, you’ll need their details as well.

Before you can use your card, you’ll need to activate and register it. To activate it, call in (1-866-387-7363) or sign up online. Then they will want to verify your personal details in order to register. You can use your card anywhere Visa is accepted, and you may move money to other Netspend members.

Information To Keep In Mind Before Opening An Account With NetSpend 

  • Direct Deposit: You might be able to get your pay 2 days before payday with NetSpend. When this occurs, it’s due to NetSpend having received notification from your employer early and have given approval for the action. This benefit is not available to you if your employer does not send your pay information on time or does not allow you to distribute funds early.
  • Balance Limits and Maximum Transaction: You can withdraw a maximum of $325 in one-time ATM transactions. You may make up to 6 ATM withdrawals every day, with a daily total cap of $940. The ATM owner may have even tighter limits in place. If you withdraw money from a NetSpend Reload Network location or financial institution, you can only withdraw up to $5,000. This same restriction applies to purchases as well.
  • Holding Funds: There are times when a business will request that you place an amount on hold. For example, if you pay for gas at the pump station, they can keep up to $100 until your final transaction has been completed. If you’re renting a car or staying at a hotel, the company may put a hold on your card for up to 20% more than the purchase amount to cover any additional tips or damage charges that may occur. The money will be released once the hold is up, which can last 30 days.
  • Avoiding Fees: Although NetSpend’s savings account has a competitive interest rate, its prepaid card fees are high. Here are some methods to avoid these fees:
    1. In-person Reloading Fees – You’ll pay fees whether you go to a NetSpend Reload Network shop or a financial institution. Avoiding these problems is simple: stay as digital as possible and pay your card by PayPal or direct deposit.
    2. Mobile Check Deposit Fees – Ingo Money’s charges may quickly consume a significant percentage of your earnings. If you can, set up direct deposit so you don’t have to deal with paper checks, or try to wait at least ten days before accessing those funds.
    3. Money Transfer Fees – If you send money to another NetSpend user through a customer service representative, you will be charged $4.95. To avoid this cost, do the transaction online instead.
    4. ATM Fees – When making a purchase at a store, request cash back from NetSpend if you can to avoid ATM fees. If this is possible for you, it might save you money.
    5. POS Fees – If you’re on the Pay-As-You-Go Plan, you’ll be charged $1 to process the transaction as credit or $2 to process it as debit if you make a point-of-sale purchase. This isn’t ideal, but going to a plan with no extra costs will cost you roughly $5 or $9.95 monthly. Many customers will make enough single purchases to justify upgrading, but do so before making the move.
    6. Balance Inquiry Fees – To prevent these costs, make it a point to check your balance only online.
    7. Foreign Transaction Fees – If you only use your card inside the United States, you’ll avoid these expenses.
    8. ACH Fees – Unfortunately, if you ever have to stop your NetSpend card’s automatic payments, you will lose money. You will be charged $10, but you may avoid this expense by paying your bills manually.
    9. Account Inactivity Fees – If you don’t want to incur a $5.95 fee, make sure your account isn’t inactive for more than 90 days.

Benefits Of Netspend Cards

  • Separate Personal Expenses and Business: The major benefit of obtaining a prepaid business card is that it allows you to separate personal expenditures from company expenses. This makes tax time a little simpler.
  • Manage Staff (and personal) Spending: Prepaid debit card is an excellent method for ensuring that no one in your staff spends more than you want them to. You can send funds to 10 sub-accounts with the Netspend Small Business Prepaid Mastercard. The daily spending limit on a Netspend account is set at $5,000. Remember that extra sub-accounts will cost you $1.95 per month each.
  • Business Cards May Be Used: Running a cash-only business makes tracking your money extremely difficult. A prepaid debit card usually allows you to set aside funds for business purposes in a logical manner. A prepaid card may be useful for buying items that aren’t feasible to purchase with cash, such as business expenses.
  • No Credit Check: The majority of company debit cards do not require a credit check. A basic application and identification are all that is required to get a Netspend Small Business prepaid card.

How Can I Add Money To My Netspend Card Account?

  • Direct Deposit: Netspend Prepaid Debit Cards can be funded with an immediate transfer of funds, which is sometimes known as “direct deposit.” It’s a simple and free way to add your earnings or government benefits check to a Netspend Prepaid Debit Card.
  • Netspend Reload Network Locations: Over 130,000 convenient locations are available in the United States where you may add money to your credit card account. Our Reload Center locator can help you discover the cheapest places near you.
  • Bank Transfers: You may also add cash from virtually any bank account in the United States. If you have a savings or checking account, a bank debit card, or another Netspend payment card, you can use it to top up your Netspend card account.
  • PayPal: To add cash to your Netspend Prepaid Card, utilize PayPal. It’s easy for PayPal users to move money from one account to another using a Netspend Prepaid Card.
  • Transferring Money From One Netspend Card Account to Another: You may move money from one Netspend card account to another.
  • Tax Refunds: Let the IRS know that you wish to have your tax refund paid directly to your Netspend card account.

What’s The Maximum Amount That I Can Spend Each Day On Netspend 

There are restrictions on how much money may be loaded, taken out, and used by each cardholder to comply with federal rules. The amount you can spend or withdraw at any one time varies depending on the type of transaction. This table may be useful to you as you calculate your limits.

Purchase Transactions$4,999.99 after every 24 hours
Over-the-counter Cash Withdrawals$4,999.99 after every 24 hours
ATM Cash Withdrawals$325.00 for each withdrawal$940.00 per day 

What Is The Maximum Amount You Can Put On A NetSpend Card?

You may only load a maximum of $2,500 on a NetSpend card per 24-hour period. This is the most you can put on your card in total. Direct deposits and tax refund ACH deposits are limited to a maximum of $15,000.

If you exceed the typical limits, your value loads will be reviewed and may be denied.

Is Netspend A Lender That I Can Take Out A Loan Or Obtain A PayDay Advance On?

No! Netspend does not provide short-term cash advances. Loans or payday advance loans are not accessible through Netspend. You may, however, deposit loan income from other firms into your Netspend account in the same way you would with a bank account.

What Is The Reason For A Hold On My Funds?

Frequently, hotels, gas stations, and automobile rental firms preauthorize a transaction before the purchase is completed, placing a hold on your card until they know the final amount owing. If you use your Netspend card in any of the following circumstances, an authorization hold may apply.

  • Paying For Gasoline At The Pump: You use your Netspend card to pay for gasoline at the pump. Assume you fill your gas tank with $35 worth of petrol. A temporary authorization hold on your Card Account of up to $100 or more may be placed, though. Instead of paying at the pump, you may pay with a Netspend card at the cashier in the gas station to avoid the authorization hold. 
  • Paying For a Car Rental: You can use a Netspend card at firms that accept prepaid cards for automobile rentals. They usually demand a deposit of 15% more than the price of renting the car, however. A hold on the account for that much money will be placed by the rental agency, and it might last a few weeks. If you’re paying with a prepaid card, we recommend that you contact the car rental company to find out how much they need for a basic deposit and how long a prepaid card’s authorization hold will last.  
  • Paying For a Hotel Room: To make a room reservation, you can use a Netspend card at certain hotels that accept prepaid cards. The hotel, on the other hand, will most certainly place a hold on your card. The money will be held until the hotel settles the transaction, and the hold will generally include the hotel room rate as well as an additional 15%. A typical approval hold from a hotel could be cleared the day of your departure, or it might take weeks to be resolved and removed.

Where Can You Withdraw Cash From A Netspend Card Account For Free?

Netspend charges fees for ATM and over-the-counter withdrawals. If you want to save a lot of money using Netspend, you may do so by utilizing the free methods. The following are some of the methods for avoiding Netspend’s fees.

  • Using Metabank ATMs: If you come across a Metabank ATM with the logo “who has privilege status,” you may withdraw money without paying any fees. Netspend payments are managed by Metabank, which is the bank that links to Netspend and is in charge of accounts management.
  • Using MoneyPass ATMs: You can withdraw money for free at MoneyPass ATMs if you have a Netspend ATM card. To locate the nearest ATM point, go to your app’s ATM locater.
  • Visa Plus Alliance ATMs: Netspend works with a number of financial institutions to provide services such as free ATM withdrawals. With Netspend, you can withdraw money for free using Visa Plus Alliance ATMs.
  • At certain supermarket locations, you may use your debit card to withdraw money and input the PIN: If you’re paying for items or services at businesses that take credit cards, don’t pull cash from an ATM or any other point to pay. You can even pick the DEBIT option, provide your PIN, and get cash back rather than making a purchase. Grocery shops, restaurants, and shopping malls are examples. You may get cash back at Walmart.
  • Receiving Cash From Your Friend at No Cost: Do you need money and have a friend who has a Netspend account? You may set up a transaction in which you send the amount required as cash to their Netspend account, after which they will debit it from your own. If that’s the case, you won’t be charged any fees to get your money.

Learn More: How Can Someone Send Me Money to My Netspend Card?

How Can I Terminate My Netspend Card Account?

You can either withdraw all of your money at an ATM or spend it entirely on your card account. You may also request that the cash be sent to you through check (usually mailed within 3 or 4 weeks). To receive a check, you must pay a $5.95 fee. To terminate your account, call customer support at 1-866-387-7363 or go to the Online Account Center to close it.

How To Dispute A Charge From a Merchant?

Please contact Customer Service via 1-866-387-7363 or submit an online complaint.

  • To begin, go to the Online Account Center and log in.
  • To begin the dispute procedure, go to the main menu and choose “Help” then “File a Dispute.”
  • You’ll need your PIN to use this online service.

Bottom Line

When it comes to withdrawing money without paying fees at Netspend, we’re talking about how to avoid ATM or over-the-counter expenses for your card. No one wants to spend a lot on withdrawals since they may lose a lot of money over time. Many ATMs charge fees for withdrawing with credit cards, debit, credit, and prepaid cards. When you use an off-net ATM, the price is generally greater.

Banks and other financial companies may charge no money when you take cash from their ATMs, but they will charge a fee to use ATMs outside of their network to encourage you to stick with them.