How To Transfer Money From Netspend To Bank Account

Netspend Visa prepaid card has FDIC assurance which means your money still remains safe in case the company collapses due to some economic reasons.

How To Transfer Money From Netspend To Bank Account
 Actually in this article I am going to show you how you can transfer your netspend balance into your bank account but before we move to that, let us first of all look at what is a Netspend account and it works. Well, NetSpend is a global payment company that has its headquarters located in Austin , TX and the company is an agent of the Bancorp Bank, National Association, MetaBank and Republic Bank and also the Trust company. 

The banks that are listed above are the banks that are in charge of issuing Netspend Visa prepaid card which enables you to perform various transactions, including transferring money into your bank account. 

You are able to operate your Netspend card online by making use of your smartphone device or computer device and here you can pay bills online, send money, buy goods, and services as well as check your balance. It is therefore of no doubt that being in possession of a Netspend card is very convenient and also helps you ease your online transaction from your mobile phone. You are able to download the app for free from Playstore or Appstore depending on your device.

Check Out: Best Alternative Payment Solutions For Money Transfers and Online Shopping

Netspend Visa prepaid card has FDIC assurance which means your money still remains safe in case the  company collapses due to reasons like economic difficulties. If you are operating with any financial institution that does not have any form of insurance, then you can lose you money entirely in case the business runs down. 

How to Transfer Money from Netspend to a Bank Account 

Before we start, you should have in mind that there is no direct way through which you can transfer money from your Netspend account to Bank account, but you are able to make use of some indirect method so as to make your money from Netspend end up in your bank account. There are various alternatives that you can make use of so as to transfer money from your Netspend account into your Bank account which I am going to show you these various method below. 

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1. Make Use of PayPal 

Netspend is platform that works with PayPal as well and you are able to link your PayPal account with Netspemd so as to transfer moeny easily. In order to link Netspend to your PayPal account, you will have to visit PayPal and then sign in to your account and then connect your card to PayPal.

Read also: How to Create and Get a Verified USA PayPal Account from Outside the US 2022

Once you must have already succeeded in linking these 2 accounts, you can now request funding from the Netspend card and then the amount you want to transfer will move from your Netspend card to your PayPal. Once you have already seen the funds in your PayPal account, you can now transfer the funds into your desired bank account but however, the bank account must be linked to your PayPal account before any transfer can take place. In order link your PayPal account to your bank account, you can follow the steps below; 

  • You have to first of all log into your PayPal account 
  • Then click on the wallet located at the top of the page but if you are using your smartphone, you can tap Menu and then Wallet 
  • Then after that, click "Link Bank" 
  • Choose your Bank, or tap the ' don't see your bank' at the bottom 
  • And then link your bank 

Also Read: How to Get Free Virtual Bank Account For PayPal Verification 2022

You can either link your bank account to PayPal either instantly- where you have to log into your bank account in order to authorize the process to link your bank instantly or better still you can decide to link it manually. If you select Instant linking, PayPal will match your account details with your bank account and if they are correct, then you will see your bank appearing in the list of linked banks at that moment. But if you go for manual linking, you will have to confirm your details in order to obtain a successful linking. 

Once you have already linked your Netspend account to your PayPal account and your PayPal account also linked to your Bank account, you are now ready to make transfers between them.

Check Out: Online Bank Account With Instant Virtual Debit Card

Also Check: The 10 Best Online Bank Accounts with Instant Virtual Debit Cards

2. Withdraw at an ATM and then Deposit in your Bank Account 

Here comes another trick that you can apply so as to transfer fund found in your Netspend account into your bank account. Since Netspend avows you to make cash withdrawals at an ATM, this can be a trick for you to exploit. 

It is clear that you might some times have to make purchases or settle a certain payment using your bank account and if the money is actually in another account such as Netspend, you will have  to do all the necessities so as to move it to your bank account. ATM withdrawals that are made out of the net will see your part with $2.5 per ATM  withdrawal. 

3. Withdraw at Walmart 

Walmart is well known online market where you are able to make your online purchases and interestingly, you are able to withdraw money from Netspend at their centers even though you will be charged $3.75 per withdrawal that you make with a daily withdrawal limit of $5000. More to that, walmart supports the direct deposit of money into a bank account so you can make use of this walmart features so as to deposit the money into your desired bank account.

Also Read: Best Free Online Shops In Nigeria 

4. Make use of Western Union 

Another method through which you can transfer funds from your Netspend account to bank account is by passing through a reputable money transfer platform that has been around for years now- Western Union. This company works with Netspend and you are able to receive and transfer money between accounts in the 2 financial companies with ease. Western Union has a western union Netspend prepaid Mastercard and if you transfer money from your Netspend card to Western Union, you will be able to transfer it now into your bank account. 

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Also Read: Best Credit Unions For Personal Loans

For you to be able to transfer money into your bank account, you will have to follow the steps below; 

  • You have to sign up for a free account with Western Union and then verify it using original documents such as government ID, driver's License or any other legitimate identification document 
  • You will then have to choose the amount that you wish to transfer as well as the bank account that you desire to transfer it in 
  • Enter the receiving bank account details 
  • Select the payment method and here you can choose to pay with your Netspend card 
  • Then, you will have to confirm and send and you can track the transaction progress by using the tracking number- MTCN

How Can I find My Account And Routing Number in Netspend

The account and routing number are often needed when you want to make some direct deposits and you can find these by following the ways below; 

  • You will have to log into your account and the move to " Direct Deposit" from the main menu and you will see the card account and routing numbers in a grey box and you can then copy and paste it where needed or share it with the person that wants to make you a transfer of funds. 
  • Alternatively, you can also enroll for the "Anytime Alerts" and then receive your account and routing number by texting DIRECT to 22622 and Netspend will send the numbers to you. 

Must Read: Send Money With Routing And Account Number Bank Of America

Also Read: How To Change Routing Number On Cash App

How do I top Up My Netspend Account ? 

There are several ways through which you can recharge your Netspend account and below you are going to see the various ways through which you can do this.

1. Receiving money from Other Netspend card holders 

In order to top up your Netspend card the easiest and most efficient way is to request someone else with a Netspend account to send money into your Netspend card. The sender will only need your name and Flash ID. 

2. Make Use of a Bank Account 

In the same way that you are able to transfer money from your Netspend to Bank account, you can also make use of your bank account to recharge your Netspend account. You can make a direct deposit by using the routing and account number of your Netspend account. If you enrolled for the service, you are able to text DIRECT to 22622 in order to get your routing number. 

3. Mobile Deposits 

You are able to snap checks using the Netspend app so as to make online deposits. Once you log into your mobile account, you can select "Mobile Check Load" from the menu and follow instructions to the end. 

4. Via Tax Refunds 

You can instruct the IRS to deposit funds electronically into your Netspend account. 

5. Use Netspend Reload locations 

The Netspend company has more than 130,000 convenient locations in the U.S where you can relaod your cards for convenience and if you are not far from one, then you can opt for that option. 

Frequently Asked Questions 

1. What are Netspend Transaction Limits? 

Similar to other financial institutions, Netspend has some restrictions on different kinds of transactions. When it comes to making purchases, you are only able to spend up to $4,999.99 every 24 hours but when it comes to making withdrawals at ATM, you can withdraw only $325.00 per withdrawal, $940.00 per day, up to 6 times per 24 hours. 

2. Can I save with Netspend? 

Yes you are able to save with Netspend as you are able to transfer funds from your Netspend card account into your Savings account and the option allows you to plan for your future instead of just making expenditures with the money. 

3. Does Netspend give loans ? 

It is quite unfortunate that Netspend does not give loans to their clients but however you can receive loans from other financial institutions in your Netspend account. 

Conclusion on final thoughts

Netspend Visa prepaid card has FDIC assurance which means your money still remains safe should in case the  company collapses due to reasons like economic difficulties and some other reasons. So, follow the above carefully and see how profitable it will be for you and also you will get to discover many other related articles that will so much interest you. That says, Share this article to your love ones, friends and even family members so as to top up their knowledgeability on this aspect.

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