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.
Process 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.
Features Of The Netspend Card
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
Procedure 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’.
Summing Up
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.
