Four banks issued the Netspend Visa Prepaid Card: Bancorp Bank, National Association, MetaBank, and Republic Bank & Trust Company. Netspend is a global payment company based in Austin, TX. Next, I will show you how to use the card to transfer money from Netspend to the bank account. You can move the money to multiple bank accounts with this card.
With Netspend cards, you can purchase goods and services online, make payments, send money to other Netspend users, check your balance, and pay bills online using your computer or smartphone.
The Netspend card is convenient since you can access your money from anywhere, anytime. You can download the app from either the Apple App Store or the Android Play Store.
In the case of a financial crisis, Netspend’s Visa Prepaid card protects the FDIC, which ensures that your money is safe. When you invest in a financial institution that does not have insurance, you could lose your entire investment if the institution collapses. Under the FDIC program, banks insure for deposits up to $250,000.
Netspend Transfer To Bank Account
Taking money out of your Netspend account to a bank account requires an indirect method since Netspend does not support direct cash transfers. However, you can take money out of your Netspend account to a bank account.
We will look at each of these options one by one to help you transfer money from Netspend to your bank account.
PayPal is the best method-
To connect Netspend to PayPal, sign in and connect your card. Then, you can use Netspend to transfer money using your PayPal account. This will allow you to request funding from the Netspend card and transfer funds from the Netspend card to PayPal.
You can withdraw the funds from your PayPal account to a bank account of your choice after they reach your PayPal account. To do this, you must link your bank account to PayPal if it is not already connected. To do this, you must do the following:
- Go to PayPal and click Wallet.
- If you’re using a smartphone, tap Menu, then Wallet
- Select ‘Link a bank account
- If you don’t see your bank, tap the ‘Don’t see your bank
- Link at the bottom.
Link your bank, instantly by logging into your bank account or manually completing the process. If your bank account details match, PayPal can now link your bank account; otherwise, manual linking requires confirmation of more information. If your bank account details compare, PayPal immediately links your bank account.
You can request funding by linking your Netspend card to PayPal and then linking PayPal to your bank account so that you can withdraw a certain amount of money to your bank account from Netspend. The funds will appear in your bank account approximately 3-5 business days after you cancel funds from PayPal.
Make an ATM withdrawal and deposit the funds into your bank account-
If you want money in your bank account for various purposes, this trick will let you transfer funds between your Netspend account and your bank account. In addition, Netspend enables you to withdraw cash from an ATM.
The money in Netspend isn’t available to be useful in your bank account when you need it for purchases or payments, so you’ll need to do whatever you can to get it into your bank account. In addition, when you withdraw money from an ATM outside of the net, you will charge $2.5 per withdrawal. However, when you withdraw cash from an ATM on the net, ATM withdrawals are free.
Take a withdrawal at Walmart-
Netspend customers can also withdraw money from Walmart centers at a fee of about $3.75 per withdrawal. Withdrawals restrict to $5,000 daily.
As well, Walmart allows its customers to withdraw money from their Netspend cards and have it deposited directly into their bank accounts. Once the money removes, you can ask the attendants.
As an additional bonus, Walmart offers Netspend cards by reloading for use in your transaction purposes. For example, if I need $1000 deposited in my card account, I would present the attendants with cash and ask them to deposit it in my card account.
Utilize Western Union-
It works with Netspend to receive and transfer money between Netspend and Western Union accounts. Western Union has been around for years now, and the company has been transferring money for years.
To transfer funds to your bank account, you must transfer funds from your Western Union Netspend Prepaid Master card to Western Union. It would be best if you did the following to do so:
- Register for a free Western Union account and verify your identity with original documents like your government ID, a driver’s license, or another valid identification document.
- You can choose the amount and the bank account you want to transfer.
- You can then enter the details of the receiving bank account.
- Finally, you can select the payment method, such as the Netspend card.
- You can track the status of the transaction by using the tracking number.
Netspend does not allow users to transfer funds directly to bank accounts. Instead, they can use indirect means to get money to their accounts. One of the most appropriate methods is to use PayPal to transfer funds. A Netspend card can be beneficial for receiving direct deposits, sending and receiving money online, withdrawing cash from ATMs, and paying for goods and services.
Frequently asked questions (FAQs)
Money cannot be transferred from NetSpend to a bank account. However, you can receive money from U.S. banks on NetSpend. Log in to your account and select “Send Money.”
It can take up to two days for your Netspend funds to reach your card account once they are electronically deposited.
1. You need to open your Cash app and click on the “Add Bank” option from the bottom left corner.
2. Enter the required information. You only need your Netspend account and routing number, which you can quickly locate in your Netspend account.
Your prepaid card’s app or website allows you to transfer money from your prepaid card to your bank account, or you can use a third-party service, such as moneygram.com if your prepaid card does not permit transfers to bank accounts.
Getting money transferred from one NetSpend card to another requires the recipient’s name and FlashPay ID. Log into your Online Account Center, enter the recipient’s name, FlashPay ID, and the amount to transfer.
Sending an ACH transfer to a MetaBank account requires the ACH routing number. Likewise, you will need to include the ACH routing number when sending a domestic ACH transfer.
The Cash App will not let you add funds using a prepaid card at this time. Instead, you can add funds via a bank account or accepted credit card.
1. The Cash App requires you to open it.
2. Tap the “Add Bank” button to add your debit card.
3. Enter your banking information to link the card to your connected account.
If the prepaid card is from American Express, Discover, MasterCard, or Visa, Venmo accepts it. Once the prepaid card is linked to Venmo, you can transfer money to friends using it.
Using a debit card provided by your state unemployment office is like using any other bank debit card. In addition, you may be able to transfer funds from your unemployment debit card to a bank account if you need to pay your monthly unemployment payment with a direct deposit.
Prepaid cards issued by the government are used for unemployment benefits, monetary relief payments, and other government-issued payments. So, prepaid cards purchased in-store or online won’t work with Cash App – only those you receive by mail.