Netspend is a financial service provider that offers both personal and commercial prepaid debit cards. The company started its operations in 1999 under the leadership of the Sosa Brothers. Since then, it has continued to provide excellent financial services to its customers. It is one of the best financial services providers in the US. Its headquarters are in Austin, Texas, and has additional offices in Georgia, Atlanta, and San Mateo, California.
Like many financial institutions, Netspend allows users to open their accounts online to manage their card accounts on their palms using a smartphone or a tablet. It makes it very easy to transfer funds from one person to the other. Netspend serves small businesses as well as consumers looking for an easy way to manage their funds. To make the process enjoyable, the company offers products that are flexible while at the same time incorporating powerful features.
While you can send money to other Netspend account holders, you can as well transfer money from your Netspend account to a bank account. It means that you can link your Netspend card to the bank account and move money with ease. Chime Bank is one of the banks that you can use to receive money from a Netspend account. I will show you how to move funds from Netspend to Chime later on in this article.
How to open a Netspend bank account
You can easily open a Netspend account and transfer money from Netspend to a bank account of your choice. You only have to link your Netspend account to a PayPal or any other suitable platform and then to your bank account, you need to transfer money. Opening a Netspend account is easy online. Using your smartphone, tablet, or computer, you only need to visit Netspend Open an Account Page and begin the process as per the guidelines.
When opening a Netspend account, there is no credit check, no minimum balance requirement, and no activation fee whatsoever. Once you open the account opening page, you will need to enter;
- First and last name
- Street address/ apartment
- Zip Code
- Email address
Next, you will choose the payments you would like to receive with Direct Deposit. They include;
- A paycheck that is up to two days faster
- Tax refund which is faster than a paper check
- Government benefits up to two days earlier.
You may also decide not to choose any when you open your account if you wish to have some time to think about your case’s best option. After that, you can then select your card. Next, you can choose your card. The cards come in different colors, and you can have a blue, black, white, or pink card. After that, you can customize your card by including your photo.
All you need to do is to upload your favorite photo in the PictureIt™ Card Creator. The picture may be your own family, wildlife, or any other kind of image that pleases you. Once you are okay, you can then order the personalized card. Personalizing a card makes it more secure since you can quickly identify it by the photo. Names may match with those of other people, but the image will remain yours.
Can I transfer money worldwide with a Netspend account?
The current world requires lots of international transactions since we are so interdependent. A person in the US would like to pay for an item in China and receive it either by air or water without traveling to China to buy it. The same applies to other parts of the world. In this digital era, trading is online, and thus there is a need to have proper mechanisms for online payments.
Netspend allows you to transfer money internationally. You can link your Netspend card to your PayPal account and transfer it to an international bank account. In this case, the Netspend card will fund your international transactions. Also, Netspend playing cards work worldwide in any place which accepts a debit Visa or Mastercard.
Furthermore, Netspend and Western Union have the Western Union® Netspend® Prepaid Mastercard® that avails its services wherever you go. It is an excellent option to transfer money internationally. Also, Netspend allows you to send money to other Netspend account holders worldwide.
However, it is essential to note that Netspend does not allow Netspend to bank transfers. However, you may recharge your Netspend account with a bank account by linking your Netspend account with a bank account.
How to transfer money from Netspend to Chime
Chime is a bank like any other, and thus it is not possible to transfer money directly from Netspend to a chime account. One can use indirect means to avail cash in your Netspend account to a chime bank account. You can use PayPal to transfer the amount of money you need to have in your bank account. Link PayPal to your Netspend card and transfer funds to PayPal.
Next, you can transfer money from PayPal to your Chime bank account. However, you must link your PayPal account with your Chime bank account. Transfer of funds from PayPal to a bank account can take up to five days, although in most cases, the transactions reflect within a day.
Other payment companies that work just like PayPal include Payoneer, Square, Skrill, Google Pay, and Stripe, among others, and the only difference is the transaction cost and the time taken to complete the process. Western Union is also an excellent option to transfer money from Netspend to a chime bank account. You can move money from a Netspend account to your Western Union account and then to your Chime bank account.
Does Netspend charge fees for money transfers?
Netspend is a business, and it has to charge fees to make some profits. Just like you do when you transfer money from Chime to a cash app or any other relevant online wallet, you may have to pay some charges to transfer funds from Netspend to other payment services.
However, the transfer of money from one Netspend account to another is free. If you have friends and relatives to whom you have to send each other cash frequently, Netspend will be a good option. Moreover, Netspend customers will not pay any fees when they transfer their funds to a PayPal account.
Sending money from your Netspend account to another is easy. You only need the name of the recipient and their FlashPay ID. Next, log in to your Online Account Center and enter their name, FlashPay ID, and the amount of money you want to send.
Even though Netspend seems to allow free transfer of funds, there are other fees that they charge. ATM withdrawal costs $2.50. Cash reloads cost $3.95, while Balance Inquiry at ATM or Telephone Automated Service costs $0.50. A Live customer service (per call) is $0.50 and the inactivity (after 90 days/ no trans.) is $5.95 per month.
How long does it take to move money from Netspend to chime?
The most convenient way to transfer funds from Netspend to Chime is by using PayPal. It can take some time for the money to reflect in your Chime bank account. When you transfer money from Netspend to PayPal, you then transfer the funds to your linked Chime bank account.
Once you have initiated the transfer process from PayPal to Chime, it can take up to five business days for the money to reflect in the Chime bank account.
When you use Western Union to transfer funds to Chime, it may take between 3 to 5 business days. You can use an online bank transfer (Klarna) for faster transfers, whereby money can reflect in minutes.
What are the benefits of having a Netspend Prepaid card?
Many advantages come with a Netspend card. First of all, it is easy to load your card either by direct deposit, whereby you can get your paycheck two days faster. You can also deposit funds into your accounts by taking photos. Again, you can reload at select locations or receive money from friends and relatives.
Secondly, you can easily control your money. You can receive alerts about your account transactions so that if there is any suspicious activity, you can raise an alarm to your Netspend customer care. Also, you can get a purchase cushion of up to $10 if you fall short. You can as well access your account easily online using your smartphone.
Moreover, a Netspend will give you something back as an appreciation. You can get cash back and personalized offers for using the Netspend card. Also, you can get a reward when you refer your friends to join Netspend. Additionally, you can save some money in your account and earn some interest.
Lastly, a Netspend card will give you peace of mind as you can personalize it. You can add your photo or any other unique image for easy identification. Again, you can create a temporary card number to control online transactions. Above all, you have zero liability in case someone uses the card fraudulently.
How long does it take to receive a Netspend card?
The card will not come the next day since it has to undergo processing. It takes between 7-10 business days for you to get the card. Netspend sends the card to the mail address you provided when registering your account.
Netspend is an appropriate money transfer platform where you can send and receive money to others. Although there are no direct means to send money from a Netspend account to a Chime bank account or any other bank account, there are ways you can send money indirectly. PayPal is one of the best ways you can send money from Netspend to a Chime bank account. Netspend to Netspend funds transfer is easy and free.