Last Updated: 04/18/2025
SuperMoney User Recommendation Score -37
Mostly not recommended16 total votes
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Highlights
Community Rating
Mostly not recommended
Monthly Service Fee
$0 - $9.95(Verified 06/21/2024)
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Card Reload Fee
$0 - $3.95
Number of Reviews
Netspend Visa Prepaid Card Review
The Netspend Visa Prepaid Card is designed for consumers who want the convenience of paying with plastic but don’t want (or don’t qualify) for a regular credit card. Netspend Visa Prepaid Card only allows you to spend money already in your account. So you can avoid interest payments, bounced checks, or overdraft fees.
Netspend Visa Prepaid Card Pros & Cons
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Netspend Visa Prepaid Card FAQ
Who issues Netspend Visa Prepaid Card?
Netspend Visa Prepaid Card is issued by NetSpend, which is based in Austin, TX and was founded in 1999.
What fees does Netspend Visa Prepaid Card charge?
Netspend Visa Prepaid Card charges a monthly fee of up to $9.95.
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| Activation Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Card Reload Fee | $0 - $3.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
How Much Does Netspend Visa Prepaid Card Cost?
There is no activation fee.
Notice this card charges a monthly maintenance fee of up to $9.95.
There is a reload fee of up to $3.95 fee every time you reload the card.
Does Netspend Visa Prepaid Card charge an activation fee?
Netspend Visa Prepaid Card does not charge an activation fee .What is the daily ATM withdrawal for Netspend Visa Prepaid Card?
Netspend Visa Prepaid Card has a daily ATM withdrawal limit of $940.
What is daily direct deposit limit for Netspend Visa Prepaid Card?
It looks like Netspend Visa Prepaid Card does not have a set daily direct deposit limit.
What is the Card Replacement Fee for Netspend Visa Prepaid Card?
It looks like Netspend Visa Prepaid Card does not charge a card replacement fee.
What is the Maximum Balance for Netspend Visa Prepaid Card?
The maximum balance you can have on Netspend Visa Prepaid Card is $15,000. If you are often close to the maximum balance, it may be time to put your money to work and deposit it in an account that yields interest, such as a savings account, a CD, or a money market account.
How to apply for Netspend Visa Prepaid Card
- Visit the NetSpend website.
- Fill in the application form. Some prepaid cards require you to provide some personal information, such as your full name, address, date of birth, email, and SSN.
- Check the information is accurate and submit your application.
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Message from our editor
What we love about NetSpend Prepaid Debit Card
The NetSpend Prepaid debit card gives you a debit card that you can use to make purchases at stores and online, even if you don’t have a checking account. Like most prepaid cards, it charges fees but it gives you flexibility in how you can structure those fees.
You can choose a monthly plan which involves a flat fee of $9.95 that you pay each month. You can also select the pay-as-you-go plan, which has no monthly fee but charges a $2 fee each time you use it.
NetSpend also offers a savings account that pays 5% APY on balances up to $1,000, giving you a chance to build your savings.
What could NetSpend Prepaid Debit Card do better?
Like most prepaid debit cards, the NetSpend Prepaid debit card’s fees are quite high. You can easily find a checking account with lower monthly fees or no monthly fee at all. This makes the card mostly useful if you have trouble opening a bank account for other reasons.
The card also doesn’t come with a network of free ATMs. That means that you’ll have to pay a $2.50 fee every time you want to withdraw cash.
NetSpend Prepaid Debit Card’s backstory
NetSpend is a company that specializes in prepaid debit cards. It was acquired by Total System Services (TSYS), a financial services company in 2013. TSYS was founded in 1959 as a division of Columbus Bank and Trust and today focuses on providing merchant services and financial services to the underbanked.
The Verdict
Like most prepaid debit cards, there’s not much reason to get a NetSpend Prepaid debit card if you can open a checking account. Checking accounts tend to be much cheaper and easier to use. However, the NetSpend Prepaid debit card is a fine choice if you’re unable to open a checking account for whatever reason.