The essence of owning a prepaid debit card is the ability to transfer money out of the card either by paying for goods and servicers, paying bills or even transferring to another Netspend user. Knowing how to transfer money from one Netspend card to another can be crucial especially when you want to get money off your Netspend account.
Netspend is a giant provider of prepaid MasterCard and Visa debit cards in the United States. Netspend card is more like a checking account no opening deposit no credit check. Anyone interested in getting this card will want to know how to move money from one Netspend to another. Netspend cards can be used to shop, withdraw cash, and pay bills just like any other debit card.
Surprisingly, you don't need your credit score to open a Netspend account, and your card arrives shortly after you sign up. You can travel anywhere in the world with this card, make ATM withdrawals, pay bills, and buy things via mobile money transfer or the swiping method. Netspend cards can be ordered online through the company's website or purchased for a modest fee from an eligible participating merchant.
Customers with Netspend cards can send money to other Netspend cardholders, as well as Control, ACE Elite, and purpose cardholders. The recipient's name as well as their FlashPay ID are required for the transfer. FlashPay is a service that allows consumers to move money to and from their prepaid accounts. It works with specific brands. You may also transfer money from a debit card to a prepaid card online to reload your prepaid card.
When it comes to money transfers, we're all a little nervous. We'd like to double-check that all of the information is correct, that the amount of money is correct, and that we're transferring it in the most convenient way available.
This can be perplexing if you're new to Netspend. You may find yourself overwhelmed and unclear of what to do next before you realize it. Have money in your Netspend card and want to transfer it to another Netspend user?
Log in to the account center and enter the cardholder's name and FlashPay ID to transfer money from one Netspend card to another. Enter the amount of money you'd like to send and click "Send"! That day, the money will show on the card, and your friend or family member will be able to use it without hassle.
The story doesn't just ends there since there are some other indirect ways to transfer money from one Netspend card to another.
That said, in this article, we will be seeing all possible ways to send money from one Netsoend card to another without hassle.
How to Open a Netspend Account Online and Get a Prepaid Debit Card?
To open a Netspend account, you'll have to go to Netspend website and enter your name, physical address, and email address before comparing the various options by looking over the features, fees, and benefits of each package.
Select the package that best meets your needs and click the sign-up button. Users are instructed to submit their name, address, and email address, as well as follow the prompt steps, on the page. You can obtain the company's card through an approved shop, such as petrol stations, check cashing shops, or grocery stores, in addition to the online application.
The participating stores place a sticker with the company's logo on the counter. Customers must provide their name, address, date of birth, and a copy of their ID to the shops. These participating stores sell the card at $2.95 to $4.95.
How Do You Use Netspend Card?
NetSpend cards can be used to pay for groceries, pay online bills, fill up your petrol tank, and withdraw cash from ATMs. The card can be used as a debit or credit card, depending on your needs. When used as a credit card, there is a $1 transaction fee, and when used as a debit card, there is a $2 fee.
The fees aren't always the same, although they're frequently in the $1-$2 area. Additionally, depending on the area, there are costs for cash withdrawals at ATMs, with foreign withdrawals having the highest rates.
Can I Send Money from One Netspend Card to Another?
Yes you can. There is a direct way to send money from one Netspend card to another which will require you to have the name and FlashPay ID or the receivers account. You may also complete the transfer using indirect methods like PayPal, bank transfers and more. Let's talk more on these methods.
How to Transfer Money from One Netspend Card to Another Online
Both the Netspend mobile app and the Netspend website allow you to transfer money from one Netspend card to another. Your card and account must both be activated and free of any restrictions in order to make a successful money transfer.You will also need the FlashPay ID or the receiver to complete the transfer.
Follow the steps outlined below to transfer money from one Netspend card to another:
Step 1: Login to your Account
You must first log into your account before you may be able to transfer money from one card to another. This can be done using the Online Account Center or the Netspend mobile app. Open the Netspend app or visit the Netspend website and enter your account credentials to login.
Step 2: Get the Receivers Details
After you've logged in, you can proceed to transfer funds from one card to another. You'll need your recipient's name and FlashPay ID for this. If you don't already have these, contact the receiver for the information.
Step 3: Enter the Receiver's Information in Netspend
Open your Netspend app and go to Move Money and then select Add contact to add your receivers account details. Double-check that the information you entered is the right one because you will not want to transfer money to a wrong person.
Step 4: Enter the Amount to be Sent
Enter the amount you want to send in the appropriate field and, if needed, add a one-line or one-word message as a reminder. Once you enter the amount to be sent, click on Continue to review in order to proceed to the next step.
Step 5: Confirm and Initiate the Transfer
You will be taken to a screen showing your available balance. If everything looks good, Tap "Never Mind" button.
You need to make sure you have enough balance in your account to cover up the transaction. You do not want your payment to be rejected.
Once you confirm everything is good, click on Send and the money will be transferred to the other card. It's that simple! Unless otherwise specified, the funds should arrive in the other account within 30 minutes. However, in most cases, the payment is instant, and the money will appear as a transfer in the other account.
4 Other Ways to Transfer Money from One Netspend Card to Another
Netspend not only allows you to send money from one card to another, but it also allows you to send money to different accounts via other systems. Meaning, even if the person you want to transfer the money to doesn't have a Netspend card, there are still other possible ways to transfer money to the person.
Below are some ways to transfer money with your Netspend card:
1. Bank Transfers
It's critical to understand how to transfer money using the routing number and account number when transfers rely on your bank accounts to send money to a NetSpend account. The routing number is a unique number that distinguishes your bank or financial institution from others.
The account number identifies your unique savings, checking, or money market account and ensures that funds are delivered to the correct recipient in or out of the account. Immediately the money reflects in your bank account, you can transfer money from your debit card to your NetSpend prepaid card for a small fee.
If you have both a bank account and a Netspend card, you can link them to transfer money between them. This will only function if your bank account is linked to a participating account, so double-check with Netspend before proceeding.
It's worth mentioning that transferring this money through a Netspend Customer service agent will incur fees. You should transfer money online or through mobile accounts to avoid these fees. Check with your bank to see if there are any fees in place before transferring any funds!
2. Use PayPal
You can also transfer money from your Netspend account to a PayPal account quickly and easily. You can then use this money in the same way that you would with your card to shop. Again, there may be some fees associated with this, so double-check before sending any money. You may also send money from PayPal to Netspend instantly.
PayPal transfers are instant, so you can expect the money to be in your account s the sender clicks the send button and immediately, the money will be ready to in your account.
3. Use Western Union
With your Netspend Card, you can send or receive Western Union money transfers in over 200 countries. The costs are determined at the time of the transaction and vary depending on which bank supports the card. To avoid any unpleasant surprises, double-check the costs before sending the money.
This feature is only available on certain card programs, so keep that in mind. If you want to see if the feature is available to you, go to the Online Account Center.
4. Pay Bills Online
You can now pay bills using your Netspend Account Number and Routing Number instead of submitting checks or standing in long lines. Check your Online Account Center for these. You may pay your bills online after you have this information, just like you would with other bank accounts and bank cards.
10 Things to Know About How to Transfer Money from One Netspend Card to Another
Netspend cards can send money to one another because the service facilitates peer-to-peer transactions. There are a few things you should be aware of when transferring money from Netspend to Netspend. The following are some of them.
1. Your Card must be Active for you to Send Money
Because the systems don't recognize an inactive card, you can't send money with it. As a result, you must ensure that you activate the card according to the instructions before transferring money or doing other types of activities. You can even transfer money from Netspend to a bank account if you have an active card.
2. You need the Name and the FlashPay ID of the Recipient
Netspend's FlashPay is a service that makes money transfers easier. FlashPay is also used by PayPal, one of the most popular mobile payment systems. To support simple fund transfers, every Netspend card user must have a FlashPay ID.
3. Money Transfers from One Card to Another is done Exclusively Online
If you want to send money from your Netspend card account to someone else, you must first log in to your account through the web or the Netspend app. To avoid theft, make sure you're using a secure internet connection. Open Wifi is frequently unsecure, so stay away from it as much as possible.
4. It is Free to Transfer Money from One Netspend Card to Another
You can transfer money to another Netspend account for free by logging into your account online. When sending money to other customers of the same network, some institutions impose a fee. If you want to transfer funds with the help of customer service, you'll have to pay $4.95 each transfer.
5. The Money Transfer is Instant
When you transfer money from one Netspend card account to another online, the money appears in the recipient's account right away. As a result, you will no longer have to wait for emergency cash to be given to you, as is the case with bank transfers.
6. The Maximum Amount of Money you Spend a day for Netspend Prepaid Visa is $4,999
This means you can't go over the daily limit if you're sending money to another Netspend card. In addition, the beneficiary should have a balance that does not exceed the holding limit.
7. Transferring Money from One Netspend Card to Another is a Great Way to Top Up the Card Balance
Your friend or relative may ask you to send money to their accounts so that they can make various purchases. You will have assisted them in topping up their card accounts in this case.
8. You may get an Overdraft for Topping Up your Balance
If you make a money transfer and your account balance is insufficient, you can apply for an overdraft to cover the difference. Up to $10 in overdrafts are free. Any overdraft amount greater than $10, however, will incur a $15 fee.
9. If the Recipient's Account has Issues, the Transaction may Stay Pending for some time
Issues with card accounts, such as incorrect information, suspected fraud, and other abnormalities, can occur at any time. The payments may stay pending for some time as management investigates the problem.
10. You can Transfer Money to a Netspend Card Holder from Abroad
Because Netspend cards are either Visa or Mastercard, which are both worldwide accepted, they can be used across borders. If someone needs money while traveling abroad, you can deposit money in their account for them to use at any location that accepts the card.
How to Reload/Add Money to My Netspend Card
Your card is of no use if there's no balance in it. There are a number of ways to fund your card account. The following are some of them:
- Direct Deposit — You may request direct deposits from your paycheck. You can also enter your Netspend account details for recurring contributions if you get government assistance.
- Reload at Netspend Network Locations — Netspend has more than 130,000 accessible locations throughout the United States where you can load money. You can always use your account's online reload location finder.
- Bank Transfers — To fund your account, you can use your bank account or a bank debit card.
- PayPal — Paypal integrates with Netspend, and you may link your card to your PayPal account so that you can add money to your account whenever you need it.
- You can transfer money from one Netspend card to another — You will have raised your balance if someone sends you money from their Netspend card account. Netspend cardholders may send and receive money instantly, so you can get cash quickly.
- Tax Refunds — The IRS can deposit your refunds directly into your Netspend account if you request it.
Do Netspend Cards Help You Increase Your Credit Scores?
Due to the fact that Netspend cards are debit cards, they do not report to credit bureaus. As a result, you won't be able to improve your credit score by using the cards. Furthermore, no credit scores are required while applying for the card.
Final Thoughts on How to Transfer Money from One Netspend Card to Another
It's simple to transfer money from one Netspend card to another. You'll only need the cardholder's name and their FlashPlay ID to send money to them instantly. You can also use bank transfers, PayPal, Western Union, pay bills online, swipe at physical stores, and withdraw money at ATMs or over the counter to complete the transfer.
Using a Netspend card earns you cash back that you may use on a variety of purchases. Furthermore, Netspend compensates you for referring new users to the platform. Netspend cards can be used all around the world.