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 transfer.
Luckily, you can transfer money from Netspend to Cash App without worrying about extra charges or delays.
Cash App is already quite famous when we talk about making peer-to-peer money transfer simple and straightforward. It facilitates sharing money with friends and families by letting you make direct deposits to other Cash App accounts.
But how do you get the funds you need in your Cash App?
Well, that portion is super easy as well as you have a smoothly working internet connection. You simply need to be aware of all the method that let you deposit money in your Cash App account. Here we will talk about how to transfer money from Netspend to Cash App and towards the end of the article you will also find information on some alternatives that be used as well.
Netspend and Cash App – All You Need To Know
Before we discuss about money exchange, it would be ideal for readers to know what Netspend and Cash App actually is and how these account are operated.
Netspend is a globally recognized payment company that issues a range of 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 perfect choice for customers who do not own a bank account but wish to avail of a financial service that can help them in money management.
How Good Is Netspend Prepaid Card?
Netspend prepaid Mastercard is one of the best reloadable prepaid cards that you will find in the market. It is a great money management tool that is further accompanied by a mobile app to handle finances and ease money transfer process.
You can refill your card either by accepting funds from other or making direct deposits via app. The payments get processed faster.
Moreover, you can use the Netspend card anywhere a Debit VISA or Debit Mastercard is accepted.
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 just by using phone number or email ID as verification.
Cash App payments are widely accepted and can be dome as soon as you hit the “Send” button. Moreover, there are many methods of transferring money to Cash App that do not involve days of waiting.
Previously, the use of Cash App was limited to sending and receiving money via mobile devices.
However, recently its functionality has been diversified with the addition of features such as direct deposit to 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 as soon as you open your account, free of any additional charges.
Can You Transfer Money From Netspend To Cash App?
Typically, you need a bank account connected to your Cash App, if you wish to transfer funds. However, there are a few other alternatives that can be quite useful as well.
For example, there are accepted VISA Debit cards that let you transfer and use funds on Cash App. Moreover, you can avail of them to withdraw money from an ATM also. Debit cards linked to bank account can be used for this purpose.
Conversely, money can be transferred from Cash App account to bank account although the transaction can take up to 3 days.
The bottom line here is that you need a bank account linked to your Cash App in order for it to function. In fact, this is one of the major requirements at the time of the sign-up. Furthermore, bank must be linked via debit card.
Once you have connected a debit card, it would let you withdraw money from ATM present in your Cash App account even if the issuing bank has closed down or it no longer functions.
3 Simple Steps To Transfer Money From Netspend to Cash App
The best part about sending money from Netspend to Cash App is that the transfer is almost instant and the service is open 24/7. You will be charged 1.5 % fee per transfer. We will talk more about the expenses involved in moving funds in our next section.
Cash App currently accepts funds from linked bank account either via credit card or debit cards. Some of the alternatives that are possible include American Express, Discover, and Mastercard that we will take a look at the end of the article.
Now 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.
Step 1
First of all, you have to access your Cash App account on Smartphone and then click on the icon present at bottom left of the screen.
Step 2
In the next page that opens, locate and click on “Add Bank” option. Here you have to provide details about your Netspend account and then proceed on to enter it as linked bank account for your Cash App.
Step 3
The last step is for customers who do not own a debit card or any sort of card. They can instead link their bank account directly by providing name and details of the account holder. As soon as you are done, you can transfer money to Cash App instantly.
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.
Expenses To Keep In Mind When Moving Funds
As we have mentioned above, majority of 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 have to pay 3% transaction charges as is common with money foreign exchanges. Transferring money using Netspend account is therefore a better method to avoid this.
Similarly, instant transfer of money will cost of 1.5% additional charges. This has a minimum threshold of $0.25 set. In contrast, Direct deposits take 1 to 3 days but they do not additional charges.
The Benefits of Using Netspend Prepaid Mastercard To Transfer Money
So far we have discussed what to do in case you want to transfer money from Netspend to Cash App.
However, the prepaid Mastercard is quite useful in other means as well such as managing money without owning a checking account. Before we take a look at its benefits, here’s a quick overview of Netspend card features.
Netspend Prepaid Mastercard – Highlights
Netspend prepaid Mastercard has a an annual fee of $9.95.
You have to pay $5 if you choose the reduced monthly plan in addition to $500 per month direct deposit. Customers who select pay-as-you-go subscription will be charged $1.50.
Netspend does not have any general rewards program opened 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, Netspend prepaid card is free of any purchase APR, regular APR or balance transfer charges.
So you should really have this plastic in your wallet? Let’s take a look at some of the obvious advantages that is carries.
1. 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.
In fact, this offer works both ways i.e. you both will get $20 sent to your accounts.
2. Reward Opportunities
Netspend offers Payback Rewards program that is an opportunity for its users to earn personalized cashbacks from the retailers of their choice.
You can choose the offer at their official website and then avail it at chosen stores. The cashbacks you earn will be monitored and then added to your account at the end of the month.
3. Online Money Management
You have the option to pay the bills online and also utilize money management tools available in your online account to make it easy to receive and transfer funds.
4. High APY Savings Account
Along with Netspend prepaid card, you can register for Netspend savings account as well. This account offers up to 5% on first $1000 deposited. You can make transfers from your prepaid card to your savings account.
5. Optional Overdraft Protection
If you are a cardholder who gets at least a $200 direct deposit every month then you will be eligible for overdraft protection.
This is applicable in the form of 24-hour grace period. Once a day has passed, you will have to 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 shortly discussed below.
1. Discover it Cash Back Card
This credit card is an amazing option for customers who wish to avail cash back on every day purchases.
You can earn 5% cash back while shopping for grocery, restaurants, and gas stations. On top of that, it gives you the opportunity to win 1% cash back on all other eligible purchases.
One of the perks of Discover it Cash Back Card is also that it lets you send money to Cash App. It is one of the most commonly used credit card that comes with this benefit.
2. Capital One Venture Rewards Credit Card
The second option is that of Capital One Venture Credit Card. Majority of the 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.
3. Chase Freedom Flex
Chase Freedom Flex card offers more than just $200 sign up bonus on expenditure of $500 within first 3 months. Cardholders can enjoy a long list of benefits that include 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 Cash App account but customers who do not have a debit card of a prepaid card.
The Bottom Line
Cash App has become a quite popular mode of cash transfer between friends and families.
It is simple, versatile and can be recharged through different means. Moreover, transfer of funds from Netspend to Cash App remains one of the easiest methods of refueling your digital wallet.
Hopefully, the information provided in the article would help you transfer money without any hassle.
If there is still any sort of confusion, feel free to leave your queries in the comment section below so our team can help you sort it out!
Frequently Asked Questions
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 of the recipient as well as account details.
Can you refill your Cash App account using prepaid cards?
Cash App accepts debits cards, credit cards and most of government-enabled prepaid cards. On the other hand, ATM cards, business debit cards, and PayPal account can not be used to make deposit to Cash App.
Can I use Netspend account to send money to PayPal?
Yes. Such transaction of funds is possible but you have to link Netspend account and PayPal in order to do so. There are also no charges involved in sending money from Netspend to PayPal.
Can I use Chime account to send money to Cash App?
Yes. It is an accepted mode of transfer. Click here to find out how to send money from Chime to Cash App.
