How To Transfer Money from Netspend to a Bank Account? [Updated]

It’s still simple to Transfer Money from Netspend to a Bank Account without paying any dollars. Your external bank account will be the best place to initiate transfers. 

This guide will take you through the entire process for Transfer Money from Netspend to a Bank Account, regardless of your needs. We’ll discuss the different options for Netspend transfers, how to set up your bank account, and how to troubleshoot any potential problems. The process is quick, easy, and secure. 

So, let’s get started.

What is NetSpend?

Netspend specializes in prepaid cards that are a great alternative to cash, debit cards, and credit cards. A personalized card is mailed to customers with their names and addresses, which they can activate and load with money. Card services are offered by Mastercard and Visa. An online fintech platform is also available.

Can you Transfer Money from Netspend to a Bank Account?

No, You cannot transfer money directly from your Netspend account to another bank account using the NetSpend website or app. This means that this transfer can only be made indirectly via PayPal. 

The Netspend account can be accessed, and can be Transfer Money from Netspend to a Bank Account. You may not realize how complicated it is. 

You can complete this task indirectly through a couple of methods. Thus, you can transfer money from a Netspend card to your bank account. This can be done in a few ways. 

How To Transfer Money from Netspend to a Bank Account?

There are several ways to Transfer Money from Netspend to a Bank Account, some of which are given below:

Use An ATM 

There is some manual labor involved in the first method, as well as the requirement to leave the house. Although this method is less technical than the other methods, you can use it if you are not very tech-savvy. 

Your Netspend card must first be swiped at an ATM before you can use this method. You should withdraw from your Netspend account the amount of money you want to transfer at the ATM. 

Your next step should be to visit your bank and deposit the money. You will be able to access the money in your bank account as soon as you make a cash deposit because most banks process cash deposits instantly. The money can be transferred to whomever you like using your own bank account. It is usually possible to do this through online banking, your banking app, or through your bank directly.

The process of Transfer Money from Netspend to a Bank Account is quite tedious but one of the easiest methods.

Use PayPal

PayPal accepts Netspend as a prepaid card. As a result, you will be able to directly link your Netspend card with PayPal.

Next, link your bank account to PayPal once your Netspend card has been linked to PayPal.

Below is a step-by-step guide to transferring money from Netspend to PayPal.

• Visit the PayPal website and log in.

• You can link your Netpsend Card to PayPal.
• PayPal funds can be requested from the NetSpend card.
• Link your PayPal account to your bank account.
• Click on “Wallet” from the PayPal dashboard.
• Click “Link a bank account”.

• You can select your bank or select “Don’t see your bank?”
• Set up a bank account link.
• Now, request a withdrawal from PayPal to your bank account.
• You will see your money in your bank account within a few business days.

Use Western Union

Netspend also offers this option to transfer money to your bank account. The procedure for using Western Union is similar to that of using PayPal. Almost anywhere in the world can send and receive money through Western Union. You can send and receive money using Netspend as well.

To transfer money to your bank account, you will first transfer money from Netspend to Western Union and then from Western Union to your bank. 

It is not necessary to link your Western Union account to your bank account to make a transfer from Western Union to a bank account.

The steps below will help you transfer money to your bank account; 

• To make money with Western Union, you’ll need to sign up for a free account, then verify it with an original document like a passport, driver’s license, or other valid identification 
• Next, you’ll need to choose the amount and the account where you’d like it transferred 
• Please enter the details of the receiving bank account 
• Netspend cards are available for payment when you select the payment method 
• By using the tracking number MTCN- you can track the transaction progress after you confirm and send

Use Walmart 

There is no doubt that Walmart is one of the most popular online markets where you can purchase items online. You will also be able to withdraw money from Netspend at their centers, even though you will have to pay $3.75 per withdrawal that you make with a daily limit of $5000 per day. You can also make use of Walmart’s direct deposit features to deposit money into your bank account so that you can make use of this feature.

Retail Partners

The last step in the process for Transfer Money from Netspend to a Bank Account is to withdraw it from a Netspend retail store, such as Walmart, CVS, Walgreens, etc. To reload your Netspend account, you must find a Netspend location near you. You can withdraw money from Netspend and deposit it into your bank account by asking the cashier. A service fee will be charged here. 

How Long Does it Take To Transfer Money from Netspend to a Bank Account?

You will probably want a rough idea of how long it will take to transfer money between Netspend and another bank account since you can only use indirect methods. 

It is true that money will travel around slowly because of the phrase ‘indirect.’ To find out how long it takes for money to be transferred between these accounts, let’s look at how long it takes to send money. 

Transfer Money from Netspend to a Bank Account depends on the way you use it. The money will usually be deposited immediately into the bank account once it has been sent there.

It is assumed that the bank where it is deposited does not experience any delays that could delay the process. 

How Can I Find My Account And Routing Number in Netspend?

Here are some ways to find your account and routing number when you want to make a direct deposit; 

• You can then copy and paste your account numbers or share them with the person who wants to make a transfer of funds to your account after you log in. Click “Direct Deposit” from the main menu. 
• Netspend will also send you your account and routing numbers if you express interest in “Anytime Alerts” by texting directly to 22622. 

Alternatives For Transfer Money From Netspend To a Bank Account

There are other options for Transfer Money from Netspend to a Bank Account and account. It may be more appropriate for you to choose one of the following alternatives based on your needs and preferences:

The Direct Deposit Method

A direct deposit can be set up by your employer so that your paycheck is automatically deposited into your account. Your money can be accessed faster this way since there is no need to transfer funds manually.

Transfer via ACH

 Transferring funds between different bank accounts is possible with an ACH transfer. There are many banks that offer this service for free or for a small fee.

Transfer via Wire

 You can transfer money between banks quickly and securely with a wire transfer. Transferring money via this method is typically more expensive than using other methods.

The Online Payment System

 Online money transfer services such as PayPal make it possible to send and receive money. The fees for these services are usually lower, and the transfer times are faster than those of traditional banks. Some Money Transfer Apps That Accept American Express to facilitate successful transfers.

You should compare fees, transfer times, and security features of alternatives to Netspend transfers before choosing one.

How To Secure Transfer Money From Netspend To a Bank Account

There is no doubt that security is a major concern when it comes to financial transactions. The transfer process at Netspend is secure due to measures Netspend has put in place.

Security Encryption

Your transaction data, communications, and storage are all protected by encryption on Netspend. Text is converted into code that can only be read with the correct decryption key using this technology. It ensures the privacy and security of your personal and financial information.

Two-Factor Authentication

You are required to provide both a digital and a physical form of identification with two-factor authentication before accessing your Netspend account. Your registered mobile phone may receive a code and a password. Your funds are protected if you use two-factor authentication.

The Protection of Fraud

Fraudulent transactions are detected and prevented using advanced fraud protection measures by Netspend. Netspend may temporarily lock your account if any unusual activity is detected and contact you for verification. Keep your account safe by preventing unauthorized access to funds.

What is The Best Way To Top Up My Netspend Account? 

Netspend accounts can be recharged in several ways, and below, you will find a list of these methods.

Receiving Money From Another Netspend Cardholder 

Your easiest and most efficient method of topping up your Netspend card is to have someone with a Netspend account send money to you. Your Flash ID and name will be all the sender needs. 

Get A Bank Account.

Similarly to Transfer Money From Netspend To a Bank Account, recharging your Netspend account with your bank account is also possible. Direct deposits can be made by using the routing number and account number from your Netspend account. 

A Mobile Deposit Service 

Online deposits can be made by snapping checks with the Netspend app. Then, when you log in to your mobile account, click “Mobile Check Load” from the menu and follow the instructions. 

Tax Refunds 

IRS deposits can be made electronically into your Netspend account by instructing the IRS to do so. 

Reload with Netspend 

You may opt to return your cards for convenience at one of Netspend’s over 130,000 convenient locations across the country if you are not far from one. 

FAQ

Conclusion

The methods mentioned above can be used to Transfer Money From Netspend To a Bank Account. There are three methods that you can use: PayPal, Walmart stores, or Western Union. The bottom line is that Netspend funds cannot be transferred directly to a bank account. Many people have benefited from indirect means, such as those discussed above. Take advantage of these methods for a hassle-free transaction.