How To Transfer Money From Netspend To Bank Account

Netspend, headquartered in Austin, Texas, is a global payment firm representing Republic Bank & Trust Company, National Association, Bancorp Bank, and MetaBank. The above-stated banks issue the Netspend Visa Credit card. You can use the card to conduct various transactions, such as transferring funds to a checking account. Later on, I’ll walk you through transferring cash from Netspend to a bank account.

You can use your computer or smartphone online to operate your Netspend card. You can use the card to pay bills, purchase goods and services, send funds to other Netspend customers, and check your balance. As a result, possessing a Netspend card is extremely convenient because you can access your money at any time. Depending on your phone’s operating system, you can download the app from the Google App Store or Play Store.

The FDIC insures the Netspend Visa Prepaid Card. It implies that your funds are secure if the company goes bankrupt due to various economic difficulties. When you save cash with a financial institution that does not provide any insurance policy, you could lose it if the company fails. Under the insurance program, the FDIC insures up to 250,000 USD per deposit in a financial institution.

How To Transfer Money From Netspend To a Bank Account

Transfer Money From Netspend To Bank Account

If you need to transfer money from a Netspend card account to a bank account, you must do so through an intermediary because Netspend doesn’t allow funds transfers to bank accounts. You can, however, transfer funds from a bank account to your Netspend.

There are several ways to transfer money from Netspend to a bank account. Let’s take a look at them.

1. Through PayPal

Netspend is compatible with PayPal, and you may transfer money by linking your PayPal account to Netspend. To connect Netspend to PayPal, go to PayPal, log in, and link your card to PayPal. If the connection is successful, you will be able to request funding from your Netspend card. The amount will then transfer from the Netspend card balance to your PayPal.

After the funds have been deposited into your PayPal, you may withdraw them to any bank account of your preference. However, if your bank account is not already linked to your PayPal account, you must do so. It would be best if you did the following to link your bank account to your PayPal:

  1. Sign in to your PayPal account.
  2. Click the Wallet icon at the top of the screen. If you’re using a smartphone, go to Menu and then Wallet.
  3. Tap “Link bank account.”
  4. Select your bank or click the “Don’t see your bank?” option.
  5. Connect your bank.

You have the option of linking your bank instantly, which requires you to sign in to your checking account to authenticate the process, or you can manually link it. If you choose to connect your bank instantly, PayPal may match your account information with your bank, and when they match, your bank will appear in the list of connected banks immediately. Manual linking requires you to confirm your information for the link to be successful.

When you link your Netspend card to your PayPal and then your PayPal account to your bank, you may request your Netspend and afterward withdraw it to the bank account. Withdrawing Money from your PayPal to your bank account usually takes approximately 3 to 5 working days for the funds to appear in your bank account.

2. By Withdrawing money from an ATM and Depositing it into Your Bank Account

You can use this method to transfer money from a Netspend account to your bank account. Netspend enables you to withdraw money from an ATM. It can be tricky if you need cash in your checking account for various transactions.

You may need to use your bank account to buy something or make a payment, and if the cash is in another account, like Netspend, you must do everything possible to transfer it to your bank. ATM withdrawals out of the network will cost you $2.5 for every withdrawal. On-network withdrawals, however, are free.

3. By Withdrawing from Walmart

You can withdraw funds from Netspend at Walmart locations. They charge approximately $3.75 for every withdrawal, with a daily withdrawal limit of approximately $5,000. Furthermore, Walmart accepts direct deposits to bank accounts. After withdrawing funds from your Netspend card, you may ask the attendants to deposit the funds into your bank account. Furthermore, Walmart lets you reload your card for use in transactions.

4. Through Western Union

The Western Union is a well-known money transfer service that has been in operation for many years. The company collaborates with Netspend, and you may transfer and receive funds between the two financial institutions’ accounts. The Western Union Netspend Prepaid card is available from the company. After transferring funds from the Netspend card to your Western Union, you may transfer the cash to a bank account. You must do the following to deposit funds into your bank account:

  1. Please register for a free Western Union account and confirm it with original documents like a driver’s license, government ID, or other valid identification documents.
  2. Input the amount to send and the checking account.
  3. Input the receiving bank account information.
  4. Choose a payment method. You may decide to pay using your Netspend card.
  5. Verify and send. Using the tracking number, you can monitor the transaction’s progress.

How Do You Recharge Your Netspend Account

You can load funds into your Netspend card using various methods. I already discussed Walmart, which enables you to recharge your Netspend card in-store. The following are some alternative options.

1. Receiving Funds From Fellow Netspend Cardholders

You can ask someone else who has a Netspend account to transfer cash to your Netspend card to recharge your card. Your FlashPay ID and name are all that the sender requires. The information is always available in your virtual Account Center.

2. Using a Bank Account

Netspend enables you to top up your account with funds from your bank account. You can also initiate direct deposits using your Netspend account’s routing and account number.

3. Mobile Check Deposit

To initiate online deposits, you can click checks with the Netspend app. When signed in to your Netspend account, choose “Mobile Check Load” from the menu option and follow the on-screen instructions.

4. Using PayPal

Because PayPal integrates with a Nestspend account, you can instantly recharge your card with funds from your PayPal account. You need to link your PayPal account to your Netspend card to get started.

5. Using Netspend Reload Locations

For your accessibility, Netspend has over 130,000 accessible locations in the United States where you can recharge your cards. If you live near one, you may choose this option. You can find the locations using your app.

6. Through Tax Refunds

You can request that the IRS deposit cash into your Netspend account electronically.

How Can I Obtain A Netspend card

It is simple to obtain the Netspend Prepaid card. You have to fill out the online form on the Netspend web page and wait for your customized card to arrive. It is free to apply for the card, but you must provide your full name, street address, date of birth, and other details for identification purposes when activating it. 

The card is also available without a credit check. Netspend uses the street address to determine where to convey your card, so enter your information carefully. After placing your order, the card will arrive in 7 to 10 working days.

To activate the card, go to the relevant website, install the Netspend application, and then open it. You can scan the card’s Quick Response code or manually enter the card information. When manually entering card information, you must input the security code and the card number. Following that, you will input the information you provided when you registered for your card. All of this will aid in determining whether you are the true owner of your card.

To protect the card, you’ll also be required to complete a few security questions. You can also set up a direct deposit by following the instructions included with the card. You can also contact customer service by dialing the number included in the package.

Is It Worthwhile To Apply For A Netspend Prepaid Card

Netspend prepaid card has numerous benefits. The capability to accept direct deposits is the card’s most exciting feature. Your salary will arrive two days earlier when the direct deposit function is activated. The following are some of the additional advantages of direct deposit.

  • Railroad pension benefits
  • Payments from social security
  • Unemployment benefits from the state
  • Pension and Compensation from the Veterans Administration
  • Pensions and other additional payments
  • Disability benefits from social security
  • Supplemental Security Income
  • Payments for Military Finance and Accounting Services

Another advantage of having the Netspend card is transferring cash online to other Netspend cardholders. You can send money to someone else using their FlashPay ID and name in the same way that you can send cash from one bank account to the other online. 

You can also pay for products and services online. Also, you only need to add your card details, such as the card number and security code, to your online shopping platform to use them when making purchases.

Furthermore, when you purchase from a qualifying store, you may earn points that you can later redeem for specific merchandise. It allows you to save significant amounts of cash for future use.

How Do I Locate My Netspend Routing And Account Number

You can locate your routing and account number on the following instances.

  1. Sign in to your account online and select ‘Direct Deposit’ from the top Menu. Your account will display the card routing and account numbers in a grey box, which you can copy and share with others.
  2. You can also enroll for the ‘Anytime Alerts’ and get your routing and account number by sending DIRECT TO 22622, where Netspend will send you the numbers.

How Do I Safeguard My Netspend Card Account

You can safeguard your account in many ways. The world has changed, and fraudsters are everywhere. You can safeguard your card account in various ways. Among them are the following:

  • When using someone else’s computer or phone, always sign out of your account. In addition, only use secure network connectivity and avoid utilizing public Wi-Fi networks at all costs.
  • Never disclose or display your PIN to anyone. If you think your PIN has been compromised, change it immediately.
  • If you misplace your card, log in to your Netspend account and inform the customer service team as soon as possible.

The good thing is that after reporting the lost card, you’ll be able to order a replacement.

Bottom Line

You cannot transfer Netspend funds directly to a bank. However, you may obtain funds in your account through indirect means. PayPal is among the best options for transfer money from Netspend to a bank account. A Netspend card is useful because it allows you to transfer funds to others, receive direct deposits, make purchases, and withdraw money from ATMs.

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