how to transfer money from netspend to chime

How To Transfer Money From Netspend To Chime

April 9, 2022

Netspend is a prepaid card and financial services company that provides alternative banking to traditional bank accounts. It is one of the largest prepaid companies in the country in serving thousands of Americans for its financial services. You can manage your prepaid card online using an app that you can download from the relevant sites. You will know how to transfer money from Netspend to Chime later. 

Prepaid cards are good to help you with your financial needs, such as buying goods and services, withdrawing money from ATMs, sending money to others online, or using a mobile wallet, among other transaction types. Prepaid cards do not necessarily link to any bank accounts. You can recharge your account using various ways. Usually, you can recharge at a reload location or use a bank account for the process. 

Netspend usually empowers consumers and enterprises to be self-banked. The company serves an estimated 68 million underbanked American consumers by giving them security, convenience, and freedom. Their products are designed to help people who don’t have ordinary bank accounts or prefer using alternative financial services. Therefore, you can keep money in your Netspend account for daily use or saving purposes. Above all, Netspend is a global payment company since the cards are acceptable in many countries.

How to open a Netspend account?

You can get started with a Netspend® All-Access® Account online by visiting the account opening page to provide the necessary details. Before opening the Netspend account, you need to note that you can get paid up to 2 days earlier with a direct deposit on your Netspend® All-Access® Account. The account opening is subject to registration and ID verification, and therefore, you should provide eligible details. 

Currently, there is a $20 welcome offer on your new Netspend® All-Access® Account from MetaBank when you make purchases of at least $200 per month in April, May, and June 2020. To register an account with the company, you need to enter the following details in the form provided. 

  • Your names, i.e., the first and last names
  • Street address/apt
  • Zip Code
  • Email address

Once you provide the details, you then choose how you would like to receive direct deposit by ticking the appropriate type of direct deposit. They include the following.

  • Paycheck
  • Tax refund
  • Government benefits

Interestingly, you can receive a direct deposit two days earlier than traditional banks in your account. After selecting the direct deposit type, you should choose your most preferred Netspend card depending on your favorite color, then tap sign up. Once your account application goes through, you will receive a notification. You should receive your card at the physical address you provided when applying for your account. 

Upon receiving the card, you should activate it online by providing your card number and security code and tapping continue. Once finished, your card will be ready to use as long as it has sufficient balance. I can withdraw money from my Netspend card for free at on-network ATMs, buy goods and services, among other transaction activities.  

What are the features of the Netspend card?

how to transfer money from netspend to chime

The card allows you to enjoy various features which include the following.

  • You can get paid two days earlier and start using your money in the best way possible when you sign up for Direct Deposit to your All-Access Account.
  • When you use your card on qualifying purchases, you can earn cashback rewards with Payback Rewards.
  • Optional debit card overdraft service when you run out of money
  • Optional savings account that earns you up to 6.00% Annual Percentage Yield with the Savings Account.
  • Anytime alerts to detect any transaction activity. 
  • Ability to personalize your card with a photo or unique graphic

Can you move money from Netspend to a bank account?

You cannot transfer money from Netspend to a bank account since the service does not allow that. You can only use indirect means to move money to a bank account. For example, you can connect Netspend with PayPal and transfer money from Netspend to PayPal. After that, you can transfer the funds from PayPal to the bank account you wish.

However, before using PayPal to transfer money, you have to link the concerned bank to the platform. To link a bank to PayPal, you can use the process below. 

  • Log into your PayPal account
  • Navigate to Wallet
  • Tap Add a card or bank account.
  • Click on Add a bank account.
  • Enter the ‘Sort Code’ and ‘Account Number.’
  • Review your details 
  • Click Agree and add.

Although you cannot transfer money from Netspend to a bank account directly, you can transfer funds from a bank account to your Netspend account. The first move is to link your bank account to Netspend, and you are good to go.

You should use a U.S.-issued bank with your NetSpend account when adding money. You log in to your NetSpend account and follow the guidelines to link the accounts to execute the process.

How to transfer money from Netspend to Chime

Chime is an online financial technology company that allows you to enjoy banking services similar to traditional banks. Since it is purely an online bank, you cannot get services at a physical branch. 

Unfortunately, you cannot transfer money from Netspend to a Chime account. That is because Netspend does not support money transfers to the financial company. However, Chime allows you to transfer money using the routing number and account number to other financial companies, including Netspend. Maybe there will come a time when Netspend will start accepting money transfers to Chime and other similar financial companies. 

Interestingly, you can use indirect ways to transfer money from Netspend to Chime. You can use PayPal to move money to Chime, as I mentioned earlier. First, you should link your Chime account to PayPal; then, once you get the funds from Netspend, you can then transfer the money to your bank account. The following are the steps you can use to move money from PayPal to Chime.

  • Navigate to My wallet.
  • Tap Transfer Money.
  • Select Transfer to your bank.
  • Select your Chime account as the account where you want to deposit the money, and click Continue.
  • Enter the amount of money to move and tap Next.
  • Review your details and click Transfer Now.

How to open a Chime account

You can open a Chime account online using your smartphone or computer. Chime allows you to open a Spending Account with no hidden fees to keep your everyday funds online to buy goods and services, pay bills, or send money to others. 

We have three steps that one should follow to start using Chime. They include the following. 

i) Apply for a Chime Spending Account

You should start your journey to using Chime services by opening a Chime Spending Account. You should provide the following details. 

  • Your first and last name
  • Email and a password
  • Social security number (SSN)

The above information ensures that fraudsters do not open bank accounts and start misusing them. Once Chime confirms the details, then you can start operating your account. Remember that you should be an American citizen to open an account and be at least 18 years old. You will also get a free Visa debit card for your day-to-day transaction activities. 

ii) Download the Chime app

Chime allows you to operate your account online or using a mobile app. You can download the application for free from Google Play or Apple App Store. From the app, you will be able to deposit your money, manage your transactions, view your balance, transfer money from Chime to a bank account, pay bills, etc.

iii) Set up direct deposit with Chime

Once your account is up and about, you can easily set up a direct deposit to receive your payments from your employer or government agency. You must provide your Chime routing and account numbers when filling in your direct deposit form. You can get the necessary details for direct deposit from your app under Settings or in the Move Money section. 

How to add money to Chime

There are various ways you can add funds to your account. They include the following.

i) Use direct deposit

You can receive money in your account using direct deposit, as discussed above. If you are employed, that is a sure way to add balance to your account. 

ii) Deposit checks 

Chime allows you to deposit checks in your account using the mobile capture, whereby you must first sign your check and log into your account to deposit the checks. You have to take photos with your phone to upload them. 

iii) Receive money from others

Chime allows you to do various transaction types online. But can someone send me money to my Chime account? You can instantly receive money from other Chime users in your account. 

iv) Deposit money at a location

Using the Chime cash deposit partners, you can deposit finances in your Chime Checking Account at various locations. You only need to head straight to the cashier and ask them to help you.

Bottom line

Netspend is a prepaid card and financial services company that provides alternative banking to traditional bank accounts. It is one of the biggest prepaid card companies in the country, serving thousands of Americans to meet various financial goals.

It allows you to deposit money from bank accounts and financial technology companies like Chime. However, you cannot transfer money from Netspend to a bank account.

Posted by Spencer Tierney
Follow:
Spencer Tierney is a writer and expert on certificates of deposits at transfermone.com. His work has been featured by USA Today, MSN, SF Gate, the Los Angeles Times, NerdWallet and more. He earned a bachelor’s degree in English at UC Berkeley.