Payment Services

How to Transfer Money From Netspend to Bank Account?

Want to pay with a free credit check, a low minimum balance, and no yearly fees? With Netspend you can load money onto your card and use it to make a range of transactions including transfer money from Netspend to bank account.

What Will We Talk About Here?
  • You can transfer funds from Netspend to bank account via PayPal, Western Union or by withdrawing cash and depositing in the bank.
  • You can apply for the Netspend card by Open > Choose Package > Sign-up > Provide necessary information > Choose card design > Apply.
  • PayPal is one of the most convenient ways to transfer funds from Netspend to a bank account.

…and Much More!

How To Transfer Money From Netspend to Bank Account Directly

Unfortunately, you cannot transfer money directly from netspend to bank account. However, If you wish to transfer money from your Netspend card account to a bank account, you’ll have to do so through a third party.

  • You can send and receive money between Netspend, ACE Elite, Control, and Purpose cardholder accounts once you create a Netspend account. 

Withdraw Cash at PayPal

You can transfer money from your PayPal account to your Netspend card and vice versa if you have a PayPal account.  Download the Netspend app and link the two accounts in both the Netspend and PayPal apps for quick transfers.

PayPal can compare your account information to that of your bank, and if the information is correct, your bank will show in the list of linked banks right away. For manual connecting to work, you must double-check your information.

 To link your bank account to PayPal, you must first:

  • Access your PayPal account.
  • At the top, select Wallet. If you’re using a smartphone, go to Menu, then Wallet.
  • Select ‘Link a bank account’ from the drop-down menu.
  • Choose your bank. 
  • Link your accounts.

 When you withdraw money from PayPal to a checking account, it takes about 3-5 business days for the funds to appear in your account.

If the linkage is successful, you can use the Netspend card to request funds. The amount to be transferred to PayPal will be deducted from the balance on the Netspend card.

You can then withdraw the money to your preferred bank account once the funds have appeared in your PayPal account. 

Withdraw Cash at Walmart 

Walmart, allows you to withdraw money through Netspend at their locations

Walmart also allows customers to have money deposited directly into their bank accounts. You can ask the attendants to deposit the money into your bank account once you’ve withdrawn money from your Netspend card.

They charge around $3.75 for every withdrawal, with a $5,000 daily withdrawal limit.

Additionally, Walmart allows you to reload your Netspend card for future transactions. 

Withdraw Cash At ATM

You can use Netspend to withdraw cash from an ATM. When you need to buy something or make a payment with your bank account, and the money is in another account, such as Netspend.

 You’ll have to pay $2.5 per ATM withdrawal if you withdraw money from the internet. On-net ATMs, on the other hand, are free to use. 

Transfer Funds Through Western Union 

Western Union is a well-known money-transfer service that has been in operation for many years. 

The company collaborates with Netspend, allowing you to receive and transfer funds between the two financial institutions’ accounts. 

A Western Union Netspend Prepaid Mastercard is available. You can then transfer the monies to a bank account by transferring money from your Netspend card to Western Union.

How To Transfer Funds Into a Netspend Account?

Get the routing number by logging into your card account online:

It is always necessary to create an online account for your card once you receive it. An online card account allows you to better manage your finances. You must create an online account if you do not already have one. The routing number is used to identify the bank that will receive the funds.

The routing number is nine digits long and indicates where your account was opened. It’s also known as an ABA or RTN number

Check it at the bottom of your chequebook for bank accounts. You can also check it on the website of your bank.

Go online to your bank account and add the Netspend card to the list of cards you can fund using your bank account balance.

You’ll need your Netspend account’s routing number and account number for this. 

Make a payment to your Netspend account.

You can always load money onto your Netspend card once you’ve properly linked your account to your bank account.

Netspend Transfer Limits

Bank and PayPal transfers have daily maximum restrictions that fluctuate routinely.

In most cases, the cash is available within one to three days.  Fees vary by bank and are determined by the type of transfer.

  • Purchase Transactions
  • $4,999.99 every 24 hours
  • Over-the-counter Cash Withdrawals
  • $4,999.99 every 24 hours
  • ATM Cash Withdrawals
  • $325.00 per withdrawal, $940.00 per day, up to 6 per 24 hours

Apply For a Netspend Card – Step By Step Guide

On the Netspend website, creating an account is an easy process. NetSpend offers debit card services that allow you to get direct deposits of your paychecks and top up your account with money through refill stations in grocery shops, pharmacies and other bank accounts.

  1. Compare the various packages on the website by looking at the features, fees, and benefits of each package.
  2. When you’ve found the package that best suits your needs
  3.  Go to the sign-up page.
  4.  Users must enter their name, address, and email address on the page.
  5. The next step is to choose your favourite colour from a palette of four options. Create a username, password, and security question.

Log in to the customer site once your application has been approved and order your Netspend card.

 Within seven to ten days, the card will be delivered through registered mail.

To keep the card safe, you’ll have to answer a few security questions. You can also enroll in direct deposit by following the instructions included with the card. Alternatively, you can contact customer service by dialing the number supplied with the programme.

You can also Purchase the company’s card from an authorised shop, such as a gas station, grocery store, or check-cashing store, as an alternative to the online application.

 The company’s sticker is normally displayed at the counter at participating stores. Customers must submit their name, address, and date of birth, as well as a copy of a government-issued identification document such as a passport or driver’s licence. The cards are usually sold at a price ranging from $2.95 to $4.95 by retailers.

Netspend Account – Perks and Benefits

Invite a friend and receive a $20 credit. You can save since the company permits you to put money aside for future use. Make a virtual card number that is connected to your account, and If your card is used fraudulently, you have no culpability. Simply by using the card, you will receive rewards and personalized incentives

  • There is no credit check

Because the Netspend card is a prepaid debit card, you won’t need to verify your credit score or history. 

 It implies there will be no hard queries and your credit ratings will be unaffected. 

However, because the issuer does not report to the credit bureaus, you will not receive any credit ratings as a result of using the card.

  • There is no charge for activation.

You may be charged to activate your card with some cards, but not with Netspend. Once your card is activated, all you have to do is load it with cash.

  • There are no minimum balance requirements:

You will not be required to maintain a specific amount, and you will not be charged fees for an empty account. Your starting load value, however, must be at least $10.

The Bottom Line

Money cannot be sent from Netspend to a bank account directly. You can, however, obtain funds in your account through indirect means. 

  • PayPal is one of the most convenient ways to transfer funds from Netspend to a bank account.

Receiving direct deposits, sending money to people online, withdrawing money from ATMs, and paying for goods and services are all advantages of having a Netspend card.

Frequently Asked Questions

Is it possible to transfer funds from my Netspend card to a different bank account?

NetSpend funds cannot be transferred to a bank account. Money can only be transferred to people who have Netspend cards as well. 

You can do so by 

  • Signing into your account 
  • Selecting “Send Money” from the drop-down menu. 

NetSpend, on the other hand, allows you to receive funds from any U.S. bank account.

How long does it take for money to be transferred from Netspend to a bank account?

Netspend allows you to access your money as soon as the funds are electronically deposited to your card account, which can take up to two days or longer than you might expect.

Is it possible to transfer funds from a prepaid card to my checking account?

By entering onto your prepaid card’s app or website, you may usually transfer money from your prepaid card to your bank account online.

 If your prepaid card does not allow transfers to bank accounts, you can make the transfer using a third-party provider like MoneyGram.

How do you use your account and routing number to make a money transfer?

You can transfer money into the recipient’s account using online banking or an app.

If you have the account number and transit route information for the recipient. You may do this with someone you send money to on a regular basis, such as a family member. Moreover, this is also an excellent method for transferring funds between your personal accounts.