Do you want to transfer money from Netspend to a bank account without complications? Your search ends here.
Headquartered in Austin, Texas, Netspend is a global payments company. Technically, it functions as an agent for Republic Bank & Trust Company, Bancorp Bank, MetaBank and National Association. Generally, every customer of this bank receives Netspend Visa prepaid cards.
You can make multiple transactions using the NetSpend app with or without a prepaid card.
You can check your balance, make purchases, pay bills, and transfer money to a bank account, but it will take more work.
As many people are curious about how to transfer money from Netspend to bank account, this article will explain the different ways to do it easily.
So, let’s get started without further delay!
Can I transfer money from NetSpend to a bank account?
Yes, you can transfer money to a bank account from Netspend now. However, Netspend does not allow you to transfer money directly to a bank account. So you will have to use other methods.
4 Ways to Transfer Money from Netspend to Bank Account
Here are some solutions that can help you complete the transaction, as mentioned earlier:
- You can transfer money using PayPal.
- Withdraw from an ATM then deposit into your bank account
- You can transfer money from Netspend using Western Union.
- Withdraw money from your Netspend account at Walmart and deposit or transfer money to a bank account.
Here are the four ways to transfer money to a bank account. The detailed steps and instructions below will help you complete the task. Continue reading!
Here are the 4 ways explained in detail so that you can carry out the actions effortlessly!
Transfer money from Netspend to a bank account using PayPal
You can link your PayPal account to Netspend and initiate a money transfer to your bank account because Netspend is compatible with PayPal.
To link your Netspend to PayPal, you must log in to your account before linking your Netspend card. Your routing number and Netspend account are among the information required for the link to be successful.
The actions you need to take are:
- Log in to your PayPal account.
- The “Wallet” option is one of several options available on your dashboard after logging in. Click on it.
- Select the “Link a bank account” option.
- The account and routing number associated with your Netspend card must be entered. Enter this information accurately.
- Click “Continue”.
- Check that every detail is correct before moving on to the next step.
- After selecting the “Add Bank Account” option, your Netspend account and PayPal will be fully linked.
Once finished, you can use your Netspend card to transfer money. The amount must be equal to or less than your Netspend account balance, which must be transferred here.
The process will take a little time and the money will appear in your PayPal account soon.
You can then withdraw the money from your PayPal account and deposit it into the bank of your choice. However, you must link this bank to your active PayPal account.
Here are the actions you need to take to achieve this:
- Log in to your PayPal account.
- When you do this, several options, including the “Wallet” option at the top of the page, will appear on your screen.
- To access PayPal on a smartphone, tap the “Menu” option, then select the “Wallet” option.
- Select the “Link a bank account” option.
- By selecting the option mentioned above, you will see a list of banks. Choose yours, then continue.
- Click on “Don’t see your bank?” » and continue if you cannot find the bank below.
- Finally, successfully associate your bank.
Note – You can manually or instantly link your favorite bank to PayPal when linking bank accounts. You need to authorize the complete process after logging into your bank account to link your bank instantly. PayPal will compare your account information with your bank in this scenario.
To ensure a successful linking process, first verify your information to link your bank manually. It is essential to remember that transferring money from PayPal to your bank can take three to five business days.
Withdraw from an ATM then deposit into your bank account
Withdrawing money from an ATM and depositing it into your bank account is magical if the above method doesn’t work.
In addition, the procedure is simple and uncomplicated. This is due to Netspend’s functionality that allows users to withdraw money from an ATM and deposit it into their bank account.
Please note that there is a standard $2.50 ATM fee when making these withdrawals.
However, if you withdraw money from online ATMs using your Netspend card, you will not be charged anything.
Transfer money from Netspend to a bank account using Western Union
Western Union has made international money transfers easier for many people over the years.
Since it works with Netspend and other money transfer services, this platform is among the best. Money transfers from Netspend to Western Union and vice versa will be simple and hassle-free.
If you are a Western Union member, you can get a Western Union NetSpend Prepaid MasterCard. You can then transfer money from your Netspend card to Western Union and then to your bank account.
Here are the actions you need to take to make a successful transaction:
- The most important thing to do is open a free account with Western Union. Then, verify the account using original, valid documents like your driver’s license, official government ID, or other valid proof of identity.
- Now you can start the transaction procedure after completing the verification step. Here you need to enter your bank account information, as well as the amount you want to transfer.
- Enter the recipient’s bank account information.
- Then select the payment method. The “Pay with your Netspend card” option is the one you should select in this scenario.
- After making sure all the information is correct, send the payment. MTCN tracking number is available to help you track the progress of the transaction.
Pick up at Walmart
You can now withdraw funds from your Netspend account at any nearby Walmart store as we speak.
Regarding withdrawal fees, you should be prepared to pay $3.75 for each withdrawal. It is essential to understand that the daily withdrawal limit is fixed. You can only withdraw up to $5,000 in a single day.
Walmart now allows customers to deposit money directly into their bank account, unlike other companies.
You can now deposit the money you withdraw from your Netspend card directly into the bank account of your choice in one place.
You should know that you can use Walmart to reload your Netspend card and use it for transactions.
Here you can talk to Walmart employees, show them your money, and ask them to quickly transfer money to your card.
FAQs
Is it difficult to get a Netspend card?
No, just go to the Netspend website and complete the online application. Your name, mailing address, date of birth and other necessary information must be entered here. Then you will receive a personalized card that you can use for purchases, bill payments, and other purposes.
Does Netspend offer a loan?
No, but you can easily transfer funds to your Netspend account by obtaining a loan from another financial institution.
How do I top up my Netspend account?
There are several options available to you if you want to top up your Netspend account. First, you can ask one of your friends who has a Netspend account to transfer funds to your account. Make sure to give your name and FlashPay ID to the sender. Reloading your Netspend account can also be done via your bank account.
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