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Netspend Prepaid Card Fees - Currencies Available - Mobile App

Application Fees
Transaction Fees
Monthly Fees
ATM Charges
Topup Fees
Netspend Vitual Card
Application Fee: Free
Transaction Fee: foreign-atm-fee, foreign-transaction-fee, no-usa-pos, uk-atm-fee, uk-transaction-fee, usa-atm-fee
Monthly Fee: $9.95
ATM Charges: $2.50 in USA - $4.50 Outside USA
Top Up Fee: Free - $4.95

Netspend Prepaid Card

Netspend pay as you go worldwide prepaid card is MasterCard branded where the Netspend Prepaid MasterCard No Credit checks, no bank account.

The NetSpend prepaid credit card is becoming increasingly popular, as customers turn away from the traditional, unsecured credit card and look for other financial options. In this article we review this card and look at its advantages and disadvantages.

The first point to note is that The NetSpend card is not actually a credit card. Customers are not being offered a line of credit, but as the card has virtually identical uses and appearances to a credit card, it is often called so, both by customers and in the media. We will also use the term for the purposes of this article, but it is important to be aware of the difference.

How does Netspend Card Work?

Next we will look at how the card works. As it is not a credit card, there is no credit limit. A new customer is required to top up their account with their own money, before they can start using it. In the same way, once the funds have been exhausted, the customer has to reload before they can use it again. At no time can they go into a minus figure and get into debt.

There are several different ways in which an account holder can add funds to their NetSpend prepaid credit card. A common method is to have their paycheck transferred directly into their account on payday, through Direct Deposit. They can also add money at a designated NetSpend Reload Center, or purchase a reload pack from a retailer.

Netspend Mobile App

Once the funds are in place the card can be used in the same way as a regular credit card. As it carries either the Visa or MasterCard logo, it can be used to pay for products and services at anywhere that accepts these methods of payment - literally millions of outlets worldwide. It can also be used to withdraw cash from ATM's, subject to cleared funds being available.

It is important to be aware that not all of these services are free of charge. The card costs $7.95 as a one-time fee to purchase, there are varying re-load fees, and also charges for services such as ATM withdrawals.

There are many advantages of the NetSpend prepaid credit card as well though. As it is not actually a credit card there are no credit checks to go through, and a 100% guaranteed approval rate, subject to ID status. Spending your own money means there are no overdraft fees, interest charges or monthly payments, and the card is much easier to use than a bulky check book and safer than carrying around large wads of cash.

Although there are many companies that now provide prepaid credit cards, the offering from NetSpend is one of the best available. NetSpend are a reputable company who are well-established in this field, and their fees and charges put firmly amongst the frontrunners.