We often need to move funds from one account to another, and our primary aim is to always be safe and quick in online money transfers. You can transfer money from Netspend to Cash App without worrying about extra charges or delays.
- You can transfer money from Netspend to Cash App using a linked PayPal account as there is no direct means to complete the transfer.
- The transfer in this case is almost instant.
- You can also transfer money from Cash App to Netspend free of cost.
…and Much More!
Can You Transfer Money From Netspend To Cash App?
You need a bank account connected to your Cash App to transfer funds. However, a few other alternatives can be pretty helpful as well.
For example, accepted VISA Debit cards let you transfer and use funds on Cash App. Moreover, you can avail of them to withdraw money from an ATM. Debit cards linked to bank accounts can be used for this purpose.
Conversely, money can be transferred from a Cash App account to a bank account, although the transaction can take up to 3 days.
The bottom line is that you need a bank account linked to your Cash App to function. This is one of the major requirements at the time of the sign-up. Furthermore, the bank must be linked via debit card.
Once you connect a debit card, it will let you withdraw money from the ATM in your Cash App account even if the issuing bank has closed down or it no longer functions.
Steps To Transfer Money From Netspend to Cash App
Since you can not directly transfer money from Netspend to Cash App, we have figured out indirect means to complete the transaction. You can transfer funds from Netspend to PayPal and then forward the money to the Cash App account.
- Open your PayPal account and tap on the Profile icon.
- Then click on Bank Accounts and Cards. Proceed to tap on Add Bank Account.
- Here, you will enter your Netspend account information. Confirm that you have added valid information and press Continue.
- Soon, you will receive a code on your phone for verification. Enter the code to confirm the link PayPal with Netspend account.
- Then open Cash App and sign in to your account.
- Tap on the Banking tab and then click Add Bank.
- Select PayPal and enter your PayPal account information. Press Continue.
- Again, enter the verification code that you receive.
Once you have successfully linked the Netspend account to PayPal and Cash App, you can use it as a bridge to receive funds from Netspend and forward them to the desired Cash App account. Here’s how it works.
- Open the Cash App account and select the Banking tab.
- Then tap Transfer and select Netspend as the source account for the money transfer.
- In the next step, enter the amount you want to transfer and select Continue.
- Tap on Transfer to confirm the transaction. The transfer can take up to a few minutes to complete.
Netspend To Cash App Transfer Fees and Limits
As we have mentioned above, most money transfer processes with Cash App are free of cost. However, this depends on how early you want funds to reach the account.
Users sending money via credit cards must pay 3% transaction charges, as is familiar with foreign money exchanges. Transferring money using a Netspend account is a better method to avoid this.
Similarly, instant transfer of money will cost 1.5% additional charges. This has a minimum threshold of $0.25 set. In contrast, Direct deposits take 1 to 3 days but do not have additional charges.
How To Transfer Money From Cash App To Netspend
As far as the exchange of funds from Netspend to Cash App is concerned, following is the protocol that you can follow to make this process happen quickly and without any issues.
- First, you have to access your Cash App account on your Smartphone and then click on the icon at the bottom left of the screen.
- On the next open page, locate and click on the “Add Bank” option.
- Here, you must provide details about your Netspend account and enter it as a linked bank account for your Cash App.
- The last step is for customers who do not own a debit card or any card. They can instead link their bank account directly by providing the name and details of the account holder.
- You can instantly transfer money to the Cash App as soon as you are done.
Attention! Instant deposits mean you have to pay 1.5% extra fee. On the other hand, direct deposits take 1 to 3 days but they do not additional charges.
Netspend and Cash App – All You Need To Know
Before discussing money exchange, it would be ideal for readers to know what Netspend and Cash App are and how these accounts operate.
Netspend is a globally recognized payment company that issues various prepaid cards and provides other financial services in the United States.
Did You Know? Netspend was established in 1999, and currently, it has more than 68 million users.
It is the perfect choice for customers who do not own a bank account but wish to avail of a financial service to help them manage money.
How Good Is Netspend Prepaid Card?
Netspend prepaid Mastercard is one of the best reloadable prepaid cards in the market. It is a great money management tool accompanied by a mobile app to handle finances and ease the money transfer process.
You can refill your card by accepting other funds or making direct deposits via the app. The payments get processed faster.
Moreover, you can use the Netspend card anywhere a Debit VISA or Debit Mastercard is accepted.
You might be interested in reading: Transfer Money From Netspend to Bank Account.
Cash App – Peer-To-Peer Payment App
Cash App became popular due to its user-friendly interface and simplicity of use. It enables peer-to-peer sharing of money by using the phone number or email ID as verification.
Cash App payments are widely accepted and can be done as soon as you hit the “Send” button. Moreover, many methods of transferring money to the Cash App do not involve days of waiting.
Previously, Cash App was limited to sending and receiving money via mobile devices.
However, its functionality has recently been diversified with features such as a direct deposit to a Cash App account and flexibility of investing your Cash App account balance.
Cash App also offers a card now that functions like any other reliable VISA Debit card and can be utilized at all locations where a debit card is accepted. You can request this Cash card when you open your account, free of additional charges.
The Benefits of Using Netspend Prepaid Mastercard To Transfer Money
So far, we have discussed what to do if you want to transfer money from Netspend to Cash App.
However, the prepaid Mastercard is helpful in other ways, such as managing money without a checking account. Before we look at its benefits, here’s a quick overview of Netspend card features.
Netspend Prepaid Mastercard – Highlights
Netspend prepaid Mastercard has an annual fee of $9.95.
You have to pay $5 if you choose the reduced monthly plan and the $500 per month direct deposit. Customers who select a pay-as-you-go subscription will be charged $1.50.
Netspend does not have any general rewards program open for everyone. Customers need to select themselves.
There is, however, a sign-up bonus of $20 when you refer Netspend to a friend, and they open an account with a deposit of at least $40.
Lastly, the Netspend prepaid card is free of any purchase APR, regular APR or balance transfer charges.
You should have this plastic in your wallet. Let’s look at some of the apparent advantages that it carries.
You might be interested in reading: Does Amazon Accept Netspend?
Referral Program Bonus
This prepaid Mastercard lets you win $20 every time you refer it to a friend, who then opens a Netspend account with a minimum deposit of $40.
This offer works both ways, i.e., you will get $20 sent to your accounts.
Netspend offers a Payback Rewards program that allows its users to earn personalized cashback from the retailers of their choice.
You can choose the offer at their official website and then avail it at chosen stores. The cashback you earn will be monitored and added to your account at the end of the month.
Online Money Management
You can pay the bills online and utilize money management tools available in your online account to make it easy to receive and transfer funds.
High APY Savings Account
Along with a Netspend prepaid card, you can also register for a Netspend savings account. This account offers up to 5% on the first $1000 deposited. You can make transfers from your prepaid card to your savings account.
Optional Overdraft Protection
If you are a cardholder getting at least a $200 direct deposit every month, you will be eligible for overdraft protection.
This is applicable in the form of a 24-hour grace period. Once a day has passed, you must pay $15 or overdraft your account with less than $10.
Alternative To Netspend – What Other Cards Are Accepted On Cash App?
What if you are not a Netspend user?
In this case, there are a limited number of other options that you can use to send money to Cash App via cards. These include some accepted credit cards and debit cards that we have discussed below.
Discover it Cash Back Card
This credit card is a fantastic option for customers who wish to get cash back on everyday purchases.
You can earn 5% cash back while shopping for groceries, restaurants, and gas stations. On top of that, it allows you to win 1% cash back on all other eligible purchases.
One of the perks of the Discover it Cash Back Card is that it lets you send money to Cash App. It is one of the most commonly used credit cards with this benefit.
Capital One Venture Rewards Credit Card
The second option is that of the Capital One Venture Credit Card. The majority of US citizens already own this plastic, keeping in view how catchy its unlimited 2X miles offer on every purchase is.
Moreover, the rewards do not expire as long as your account is active, and there is no limit on how much you can win here.
Venture cardholders can use this credit card to transfer money to Cash App. Any form of transaction charges will be applicable.
Chase Freedom Flex
Chase Freedom Flex card offers more than just a $200 sign-up bonus on the expenditure of $500 within the first 3 months.
Cardholders can enjoy a long list of benefits, including 5% cash back on selective categories, 5% on travel charges, and 1% on all other eligible purchases.
Moreover, this credit card is another popularly used mode of sending money to a Cash App account, but customers who do not have a debit card or a prepaid card.
The Bottom Line
Cash App has become a pretty popular mode of cash transfer between friends and families.
It is simple, versatile and can be recharged through different means. Moreover, transferring funds from Netspend to Cash App remains one of the easiest methods of refuelling your digital wallet.
Hopefully, the information in the article will help you transfer money without hassle.
If there is still any confusion, please leave your queries in the comment section below so our team can help you sort it out!
Frequently Asked Questions
How to transfer money from Netspend to a bank account?
The easiest way to transfer from Netspend to a bank account is to use ATM withdrawal to withdraw cash from Netspend and deposit it in your bank account. Alternatively, you can link a PayPal account to Netspend and a bank account and then use it to accept funds from Netspend and transfer the amount to the bank account.
How to transfer money from Netspend to Cash App without a card?
You can not directly send money from Netspend to Cash App, but you can use PayPal to complete the transaction.
Can I use my Netspend card to send money?
Yes, you can share money with other Netspend cardholders using your card. You have to provide information about the recipient as well as account details.
How to transfer money from Netspend to PayPal?
Such transaction of funds is possible, but you must link your Netspend account and PayPal. There are also no charges involved in sending money from Netspend to PayPal.
How to transfer money from Netspend to Chime?
You can send money from Netspend to a Chime account by linking the two platforms. Open the Chime account and tap on the Link Bank option. Then, enter Netspend account information. Confirm that the accounts have been linked. Then, choose the transfer the amount from Netspend to Chime directly.
Can Netspend transfer money to another card?
You can transfer money from one Netspend card to another quite quickly. Log in to your Online Account Center, enter the card’s name, share its FlashPay ID and enter the money you want to send. Confirm the transaction.
Jamie Johnson is very enthusiastic Kansas City – based freelance writer, and her core expertise are finance and insurance. She has been endorsed on several personal finance, insurance & business website to share her thoughts. Her publications can be found on famous sites like Bankrate, The Balance, Business Insider, Chamber of Commerce and many others.
From many years, she served more than 10,000 hours of research and writing to more than 2000 articles related to personal finance, credit building, mortgages, and personal and student loans.