How to save money, how to not fall prey to scams, how to get a loan without a good credit- these are the few of many things which are constantly on every working man’s mind. www.netspend.com has become increasingly famous recently for its ways of handling financial transactions. The site has a prepaid debit card system which works similar to any other card except that there is no minimum balance required and you don’t have to pay overdraft fees. For promotions, the site credits $20 into your card when you a load the minimum of $40 into it. The mission of NetSpend is to provide those consumers who lacked established credit or banking relationships with a secure and convenient debit or credit card.
The debit cards from www.netspend.com are becoming increasingly popular due to the security it provides. Even though the debit card doesn’t offer a line of credit, it virtually has identical uses and appearances. It is a very viable solution for those people who don’t have bank account but need a way to deposit their monthly wages and manage their finances. Since there is no credit checking, an applicant with a bad credit can apply too. Usually, people who have been reported to Chexsystems, fail to own their personal debit card. Reason being, since regular debit cards are linked to a checking account, a report to Chexsystems can make your checking account as well as the debit card moot. With www.netspend.com, since the risk is very small, they don’t check your credit or verify with Chexsystems prior to offering you your debit card. The NetSpend debit card can be with the Visa as well as the MasterCard logo, depending on the applicant’s preferences. With prepaid, it simply means you have to add money to it before you use it.
NetSpend debit cards are a very practical solution for the young adults too. This way they can learn the basics of financial responsibility without the risk of overspending your money because they can only spend how much you have added in the account.
The procedure to get yourself a new debit card with www.netspend.com is fairly simple. All you have to do is fill out a quick online order form and they will ship your card right away. Note that there are no upfront fees. The form requires you to fill out basic details like your name, date of birth, street address etc. This lets NetSpend collect the information in accordance with the The USA PATRIOT Act to verify and record it. The card reaches you within 7 to 10 days of ordering it. The card has printed instructions for activation which you can easily follow and thus activate it.
After activation, you could check their fee schedules out and choose the one you feel is the most practical. Also, there are about seven different ways of adding money to your NetSpend card. Direct deposit is one of the easiest and most convenient ways of adding your paycheck or government benefits check automatically into your account. This saves a lot of your time. You could also load your cash or checks by visiting a retail location from their 90,000+ partner locations. You also have the option of transferring money online from existing bank accounts or PayPal accounts. Another convenient option is to transfer money from another NetSpend account. You could do it for free via the website itself or from your mobile phone. NetSpend Reload packs are also a convenient way to add money when you don’t have your card with you. It costs typically $4.95 but may vary with the retailer. You could also get your tax refunds faster by having them electronically deposited directly into your account. This is a more feasible and quicker option than getting the refunds by mail.
After your funds are in place, you can make your purchase at any place which accepts MasterCard or Visa cards for payment. It can also be used to withdraw cash at ATMs worldwide. You can pay bills, rent etc with your card efficiently. You can shop on the phone or online with the help of NetSpend card. You can use the debit card to rent a car, purchase gas at the pump, book hotel accommodations, travelling tickets etc. Note that a debit card with www.netspend.com has no interest charges or monthly payments. If you don’t have any money in your account, all the transactions will simply be declined. This is appreciated by people who got tired of the exorbitant overdraft fees with their banks. You just have to make sure that if the funds from your account are all spent, then you have to reload it with cash to utilize the debit card to the fullest. And, if you have opted for the NetSpend savings plan, then you can earn 5% APY on your money.
You are also protected from unauthorized transactions in the event of your card being stolen or lost. You are given a toll free contact number to call immediately when you are aware that the card is missing. There is also a section called “log in to the online Account centre” for you to report the missing card and order a new one. This is a safer alternative to carrying huge sums of money when you are out.
You can contact www.netspend.com through your secure inbox if you already have an account with them. Otherwise, you can write to them at customerservice@netspend.com. You can also call the site’s helpful customer service toll free at 1-86-NETSPEND (1-866-387-7363). You can also mail them at NetSpend Corporation, PO Box 2136, Austin, TX 78768-2136. Their fax number is 866.439.6488.
Although there are many companies that provide prepaid cards now, NetSpend is the leading, most reputable, fastest growing company which provides reloadable debit card services to the U.S. Their fees and charges set them apart from the others. www.netspend.com, a provider of general purpose reloadable (GPR) prepaid debit cards, is truly a service which an estimated 60 million under-banked consumers can now rely on.