Netspend is one of the big players in the prepaid card market. The company provides various services such as personalized card design, faster payment receipt, no credit check to issue a new card (unlike you do with credit cards), cash back benefits, and more. Of course, just like any other prepaid card, you can purchase items offline or make online purchases in online shopping.
In addition, if you have a PayPal account, you can link Netspend to Paypal so that you can make money transfers between the two accounts.
How to link Netspend to PayPal
Let’s find out how we can link between the two accounts. Before following the steps, you need activated accounts in both in Netspend and PayPal. Once you have them, you’re ready to go.
Verify Netspend account
- Go to your PayPal account and go to the Wallet menu at the top.
- Select “Link a bank account” and follow the prompts.
- Enter the routing number and your Netspend account number.
- Click the Continue button.
- Confirm the information you provided and select the Add Bank Account button.
- When your Netspend card account is successfully validated by PayPal, PayPal will make micro transactions with each amount smaller than $1. Until the small amounts are transferred to your card account, it can take up to two business days.
- When the micro-funds arrive at your Netspend account, check the amounts and put those amounts on the PayPal website (in the same Wallet menu).
In addition to liking using the bank account option, you can also link your Netspend account by choosing the “Link a card” option on the main page.
You can add multiple bank accounts and cards on PayPal. When you link a target account, you don’t need to repeat the process to make when making a new transfer.
Transfer funds from Netspend to PayPal
Now that we have linked between Netspend and PayPal, we can make direct deposits into PayPal from your Netspend debit card.
- Go to your PayPal account.
- Find the Wallet menu and choose Transfer Money.
- Choose Add Money Online Option.
- There, find your Netspend account on the next page for the source of your funds.
- Put the amount of money you want to transfer from Netspend to PayPal.
- Review the information and proceed. The transfer can take up to three business days.
Once you go through these steps, you’ll become familiar with the process. You can use this method with other financial institutions.
When transferring to PayPal, there is no additional fee. The prepaid card, however, has a daily spending limit of $4,999 including money transfers to other accounts. In addition, you are allowed to withdraw up to $499 per day from an ATM.
Transfer funds from PayPal to Netspend
Netspend users can move money from PayPal to Netspend. It follows the similar transfer process. Although the direction is the opposite, you can start from the same PayPal account. Assuming that you have already linked the accounts, follow the steps:
- Go you your PayPal account.
- Click the Transfer Money button on the main page.
- Next, select Transfer to your bank account.
- Fill out the form including the amount of money you want to transfer to Netspend.
- Check the information and confirm.
Transfer fees
Before sending money to Netspend, check the additional transfer charges that can occur from PayPal. PayPal transfers have the following fee policies for domestic personal transactions.
| Payment method | Fee Rate |
|---|---|
| PayPal balance or a bank account | No fee |
| Cards | 2.90% + fixed fee |
| Amex Send Account | No fee |
This means there is no additional charges when you send money from Netspend to PayPal or from PayPal to Netspend.
Netspend Interesting Features
Being able to make a transfer of money is just one of the many features that Netpend provides to its users. One thing that I found it is interesting is that you can have a personalized card with a design of your choice. For example, if you are a fan of Major League Baseball, you can decorate your Netspend debit card with your favorite team’s logo design. Every time you spend using the card will support your team.
Or, how about WWE? You can select your WWE wrestler to design your card.
Of course, you can choose a normally-designed card.
In addition to these, Netspend cardholders can access other features including faster payment of tax refunds and government benefits. You can use the mobile app to check your card balance and transaction history on your mobile phone. Anytime Alerts sends you a notification when a transaction or a direct deposit occurs. Using the mobile app is an easy way for checking accounts.
Furthermore, A Netspend user can open a savings account and also can load checks into your balance using the mobile app. The mobile check load feature scans your checks and use the information without making you type all check’s details.
The company has vast Netspend reload network locations across the states. Using one of the locations, you can do reloading of the card account with cash. With the card, you can make ATM withdrawals.
If you have a Cash App account or a Venmo app user, you can transfer funds from Netspend to those popular financial apps as well.
Netspend customers can access more than 100,000 reload locations in the U.S. to add cash onto your Netspend prepaid card account and your PayPal account as ell.
Business Account
If you plan to use Netspend for business, you can use a range of the features such as:
- Earned Wage Access
- Payroll Cards
- Tip Solutions
- Rewards & Incentives
- Disbursements
For individual users or big or small businesses, Netspend can be a good prepaid and financial solution.
Netspend Fees
Depnding on your plan, the following items may incur transaction fees.
| Type of Fee | Pay-As-You-Go Plan | Monthly Plan |
|---|---|---|
| Plan fee | $0 | $9.95 |
| Per purchase | $1.95 | $0 |
| ATM cash withdrawal | $2.95 | $2.95 |
| Cash reload | $3.95 | $3.95 |
| ATM balance inquiry | $0.50 | $0.50 |
| Live customer service (per call) | $0 | $0 |
| Inactivity (after 90 days w/ no trans.) | $5.95 per mo. | $5.95 per mo. |
Wrapping up
Linking between your Netspend and PayPal accounts is not difficult and once you go through the steps, you don’t have to do it again. Netspend provides one of the most popular reloadable cards that allow you to make a transfer of funds and access other comprehensive benefits for individual and business users.
With the all the benefits introduced here, Netspend prepaid card can be a great way to grab a card fast and make payments.
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