One of the main reasons why people switch from traditional banking methods to more sophisticated financial services companies like Netspend is to facilitate money transfers, and most Netspend cardholders are wondering how to transfer money from one Netspend card to another.
The Netspend card is a prepaid debit card that is usually considered as a checking account alternatives and offers a wide range of financial services tied to the Netspend prepaid debit cards.
Netspend, as per many sources, accounts for a large portion of the total amount of money transferred yearly, which defines the huge number of Netspend prepaid debit card users.
Netspend has made it easy for both individuals and business to carry out their financial transactions such as sending and receiving payments without the need of a bank account, and understanding how to transfer money from one Netspend card to another is more than crucial for using the card for payments.
If you've been wondering what steps to take in order to transfer money through the Netspend card, keep reading.
To address this request, we've compiled the best steps to take to transfer money from one Netspend card to another.
Table of Contents
Can You Transfer Money from One Netspend Card to Another?
Yes, you can transfer money from one Netspend card to another.
Netspend offers a direct money transfer feature that lets cardholders send money to other users.
You can, as well, indirectly transfer money from one Netspend card to another through PayPal and Western Union.
How to Transfer Money from One Netspend Card to Another
You can transfer money from one Netspend card to another either through the Netspend mobile app or website.
You'll need to activate your card and make sure it is free from any limitations before you transfer funds from the card.
Once you're sure you meet the aforementioned requirements follow the steps below to transfer money from one Netspend card to another.
Step 1: Login to your Account
First things first, you'll need to log in to your Netspend account to transfer the funds.
You can log in to your account through the Online Account Center or mobile app.
Step 2: Get the Receivers Details
Once you log in to your account, the next thing you'll want to do is to get the necessary details from your receiver to send them money.
You'll basically, need their name and FlashPay ID to send them funds.
Contact the receiver if you don't have these details.
Step 3: Enter the Receiver's Information in Netspend
Once you got the required details to send money, go the "Send Money" tab in your Netspend account and select "Add contact."
Now, double-check to see if the information you've entered is correct.
Step 4: Enter the Amount to be Sent
Now, enter the amount of money you want to send together with a note as a reminder if necessary.
Tap "Continue" to process to the next step.
Step 5: Confirm and Initiate the Transfer
Confirm that everything you've provided so far is correct, and if it is, click on "Send" to send the money.
That just how you transfer money from one Netspend card to another.
How Long Does It Take to Transfer Money from One Netspend Card to Another?
Transfers from one Netspend card to another are usually instant, but in most cases, it can take up to 30 minutes to arrive the other Netspend account.
10 Things to Know When Transferring Money from One Netspend Card to Another
There are many things to take into consideration when transferring money from one Netspend card to another.
Here's what you should know when doing a Netspend to Netspend transfer.
1. You Must Activate Your Card Before You Send Money
It is more than obvious that you need to activate your Netspend card before you can use it for any financial transaction including Netspend to Netspend transfer.
You can also transfer money from Netspend to a bank account if you have an active card.
2. You need the Name and the FlashPay ID of the Recipient
The FlashPay service from Netspend facilitates money transfers. One of the most widely used mobile payment systems, PayPal, also makes use of FlashPay.
Each user of a Netspend card must have a FlashPay ID in order to facilitate simple fund transfers.
3. Money Transfers from One Card to Another is done Exclusively Online
You must first log in to your account using the web or the Netspend app if you wish to send money to someone else from your Netspend card account.
Make sure you're using a secure internet connection to prevent theft. Avoid open WiFi as much as you can because such connections are usually insecure.
4. It is Free to Transfer Money from One Netspend Card to Another
You can transfer money to another Netspend account freely by logging in to your account online.
Some institutions charge a fee when sending money to other users of the same network. You must pay $4.95 for each transfer if you wish to use customer service to transfer money.
5. The Money Transfer is Instant
When you transfer money online across Netspend card accounts, it immediately shows up on the recipient's account.
As a result, you won't have to wait as long as you would with bank transfers to receive emergency funds.
6. The Maximum Amount of Money You Spend a day for Netspend Prepaid Visa is $4,999
This means that if you are sending money to another Netspend card, you cannot exceed the daily limit.
The beneficiary also needs to have a balance that doesn't go above the holding limit.
7. Transferring Money from One Netspend Card to Another is a Great Way to Top Up the Card Balance
You can be asked to transfer money to a friend's or relative's account so they can make a variety of transactions.
In this case, you will have helped them by topping off their card accounts.
8. You Can Get an Overdraft for Topping Up your Balance
If you transfer money but there isn't enough in your account to pay it, you can ask for an overdraft to make up the shortfall.
Overdrafts up to $10 are free. But there is a $15 fine for any overdraft that is more than $10.
9. If the Recipient's Account has Issues, the Transaction may Stay Pending for some time
Incorrect information, suspected fraud, and other anomalies can all affect card accounts at any time.
While management looks into the issue, the payments can be unpaid for some time.
10. You can Transfer Money to a Netspend Card Holder from Abroad
Netspend can be used internationally because Netspend cards are either Visa or Mastercard, which are both widely accepted.
You can put money in someone's account for them to use at any place that takes the card if they need money when they are going abroad.
How Do I Get a Netspend Card?
You'll be amazed to know that getting a Netspend can is not only easy, but free too.
All you'll need to do is to fill out a quick online order form and Netspend will ship you a personalized card! There's no credit check and no upfront fees.
To activate the Card Account, you will be required to provide your name, street address, date of birth and other information that will allow Netspend to identify you.
What is FlashPay for Netspend?
FlashPay is a Netspend service that allows you transfer money from your Netspend prepaid card.
You can also receive funds from others with Netspend cards or even ACE Elite, Control, and Purpose cardholders.
All you need to send money is to get the other person's name and FlashPay ID.
How to Add Money to a Netspend Card
Adding Money to a Netspend card is crucial for using the card for your financial transactions.
The following are the different ways to add or reload money to a Netspend card:
- Direct Deposit — You may request direct deposits from your paycheck. You can also enter your Netspend account details for recurring contributions if you get government assistance.
- Reload at Netspend Network Locations — Netspend has more than 130,000 accessible locations throughout the United States where you can load money. You can always use your account's online reload location finder.
- Bank Transfers — To fund your account, you can use your bank account or a bank debit card.
- PayPal — Paypal integrates with Netspend, and you may link your card to your PayPal account so that you can add money to your account whenever you need it.
- You can transfer money from one Netspend card to another — You will have raised your balance if someone sends you money from their Netspend card account. Netspend cardholders may send and receive money instantly, so you can get cash quickly.
- Tax Refunds — The IRS can deposit your refunds directly into your Netspend account if you request it.
How Do You Use Netspend Cards?
The NetSpend cards can be used to make purchases, pay bills online, top off your gas tank, and get cash from ATMs.
The card can be used both as a credit card and as a debit card. When used as a debit card, there is a $2 cost, and there is a $1 transaction fee when used as a credit card.
Although the fees fluctuate, they often fall between $1 and $2.
Cash withdrawals from ATMs are also subject to fees, which vary by location and are generally higher for overseas withdrawals.
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- How To Transfer Money With Only Card Number and CVV
Final Thoughts: How to Transfer Money from One Netspend Card to Another
Netspend is one of the financial services companies that have facilitated money transfers since its release.
Understanding how to transfer money from one Netspend card to another if crucial for using your card to send and receive payments.
Thankfully, this article compiles the steps you need to transfer money from one Netspend card to another.
Frequently Asked Questions
Can I transfer money from Netspend to Netspend?
Yes, you can send or receive funds with other Netspend Cardholders, as well as ACE Elite, Control, and Purpose cardholders. To send money, all you need is the other person's name and their FlashPay ID.
Can I transfer money from my debit card to my Netspend card?
Yes, you can add money from virtually any U.S.-issued bank account (linked to a debit card). If you have a checking or savings account or a bank debit card, use it to add money to your Netspend card account.