NetSpend Reviews: Is NetSpend A Scam Or Legit? (Pros & Cons)

NetSpend Reviews: Is NetSpend A Scam Or Legit? (Pros & Cons)

NetSpend is one of the leading providers of prepaid debit Visa cards and MasterCard. NetSpend is one of the best but most expensive alternatives to traditional checking accounts. It was founded in 1999. Axos Bank, MetaBank, and Republic Bank & Trust Company are the issuers of the prepaid debit Visa and MasterCard.

I will review NetSpend today. I will explain all the upsides and downsides, fees, rates, how to apply, if NetSpeds is a scam or not, and more.  Let’s take a look at the full review:


  • APY of 5%
  • Simple to use
  • Many ways to reload your account
  •  Good customer service
  • Accounts for small businesses


  • It’s expensive
  • No free reloads or withdrawals
  • Fees that are inactive
  • Fees for closing

NetSpend is more expensive than traditional debit cards. However, there’s have some reasons to choose a Prepaid debit Visa or MasterCard from NetSpend. Why will you choose it?

1. Free account

NetSpend offers a free account, just visit their website and register for a card. There is no charge for the application.

2. 5% APY savings account

NetSpend offers 5% APY on savings accounts up to $1000. At 1% interest per year, $1000 would yield $1000 plus $10 at the end of the year. In other words, it would be $1050 at the end of the year.

3. Easy to Use

One of the best aspects of NetSend for me is that its terms and conditions are simple and easy to understand. A credit check is not required and there are no upfront fees. There is no cost to apply for the card. You will receive a personalized card. The card should arrive within 7 to 10 business days.

4. Many Ways to reload money

NetSpend accepts a variety of payment methods. A wide variety of retailers provide reloading services. You can also transfer money from your bank account or another NetSpend card if you want. PayPal is also accepted. You also have this.

Direct deposit is a free way to add paychecks and government benefits to your Prepaid debit Visa and MasterCard. Another great feature is that there are more than 13000 convenient locations in America. You can add money through tax returns, but you need to request that the IRD deposit your refund directly into your Netspend account.

5. Customer Support

NetSpend provides excellent customer support. For any questions or problems, you can reach out to me directly or via email. Contact NetSpend Customer Service by phone at 1-866-378-7363 (toll-free) or by email at [email protected]

If you have any complaints or compliments, you can email their president. The President’s email address is [email protected] It’s really impressive and I enjoyed it.

6. Small business account

You may find this feature useful if you are a small business owner. A NetSpend MasterCard or Visa prepaid card for small businesses has some useful features like no minimum balance, no activation fee, and no credit check.

Downsides of NetSpend

I know you are wondering what is bad or cons about NetSpend. Let’s talk more about the cons of this prepaid debit Visa and MasterCard provider. I didn’t like it at all.

1. Expensive

I mentioned at the beginning of the article that this is an expensive alternative to traditional debit cards. As a result, I hope the company will take care of it.

2. No Free cash in or cash out

There are many prepaid debit card providers that allow free reloads. However, NetSend does not let you reload or withdraw for free. Withdrawals from ATMs will cost $2.50, purchases $1.50, and cash reloads $3.95. There is also a monthly fee.

3. Inactive fee

If you don’t use a NetSpend Prepaid Visa or MasterCard, you have to pay the extra charge as an inactive fee. If you don’t use your card for 90 days, NetSpend charges $5.95 as an inactive fee.

4. Closing Fee

I no longer wish to use a NetSpend Prepaid card or I do not like their service. However, if you think like this, you will have to pay more. The cost is $5.95. In addition, you have to pay $1 for every rejection at an ATM. It’s really wired. I don’t like it at all.

Read More: Virtual Prepaid Card Buying Guide

NetSpend Prepaid Cards Fees:

  • Fees: Pay-As-You-Go Plan Monthly PlanPlan fee $0 $9.95† per mo.
  • $1.50 $0 (per purchase)
  • Withdrawal from ATM $2.50 (per withdrawal)
  • Reloading cash costs $3.95 (every time).
  • Balance inquiry at the ATM $0.50
  • Customer service (per call) $0 $0 (toll-free number)
  • Inactivity (after 90 days) $5.95 per month.
  • Seven other types of fees are charged.
  • $5.00/mo. w/ payroll/benefits direct deposits of $500 in 1 calendar month. (per month)
  • However, depending on where and how this card is used, fees can be lower. Visit their website or contact customer service for more information.

How to Activate NetSpend Card?

In order to activate a NetSpend Prepaid Debit card, simply go to NetSpend and click one Active card in the menubar. Click on continue after entering the card number and security code. To associate the card, you will need to enter some basic personal information. The NetSpend card can be activated by contacting customer care. You can reach them by calling 1-866-378-7363.

Is NetSpend A Scam or legit?

NetSpend is a legitimate company. It is a legitimate debit Visa and MasterCard provider company. The company was founded in 1999 and serves more than 10 million customers.

Is NetSpend Prepaid Card Secure?

Is NetSpend secure? Therefore, my answer is yes. They ensure the security of online transactions. However, don’t share your card information there. Contact the customer service representative if you have any problems. You will never be asked for your account information.

How to check the NetSpend card balance?

NetSpend balance can be easily cheeked. Visit their website and log into your account to check your Balance for free. You can view your balance and your deposit as well as your previous transactions. Mobile applications allow you to check the NetSend card balance. You can also check your balance by calling their toll-free customer service number.

Can I use my Netspend card at an ATM?

You can use NetSpend prepaid debit Visa or MasterCard at an ATM. It can be used anywhere that accepts a debit Visa card or Mastercard. Each ATM transaction will cost up to $2.50.

How much can you withdraw from ATM with Netspend?

You can withdraw $325 each time you use an ATM. Up to six ATM withdrawals are permitted per day with a cap of $940. You will be charged $1 if your withdrawal is rejected at an ATM.

NetSpend alternatives

Alternatives to NetSpend include American Express, Paypal Prepaid Card, Payoneer, Green Dot, MasterCard every day. Additionally, they provide different types of prepaid debit Visa and MasterCard without a credit check.

NetSpend Prepaid card reviews were being discussed here. Send us a comment and let us know if you like to use their prepaid debit Visa or Mastercard.

Visit us regularly to read reviews, tech tips, and updates. Please share your product reviews with us if you love to write.  

Submit your review

Create your own review
Average rating:  
 0 reviews

Leave a Reply

Your email address will not be published.