Are you wondering where you can withdraw money from your Netspend card for free? After all, you have already paid a monthly or usage-based transaction fee, and many prepaid debit cards will charge you when you replenish your money.
Unfortunately, in the prepaid card market, it is common to charge customers for deposits and withdrawals of money. At the very least, prepaid debit cards avoid overdraft fees. However, some cards offer optional overdraft protection, and overdraft fees may be incurred if the shortage is not resolved immediately.
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Where To Withdraw Money From My NetSpend Card For Free?
Withdrawals from Netspend will be charged a fee, whether from an ATM or directly. Using the tips in this guide on the other hand you can save a lot of money with Netspend. You can avoid paying for Netspend by doing the following: Money from your Netspend account can be used in ways other than online and in-store.
There are many places where you can withdraw and use your Netspend for various purposes. You can withdraw funds from your account at the following bank-approved locations:
- Use of Metabank ATM
If you come across a Metabank ATM with the “Who Has Privileged Status” logo, you can withdraw money at no additional charge. For Netspend, Metabank is the bank that connects and manages your Netspend account.
- Visa Plus Alliance ATM
The company has partnered with many financial institutions to offer services such as free ATM withdrawals. Netspend is compatible with Visa Plus Alliance ATMs, so you can withdraw money from your account for free.
- Use MoneyPass ATM
With a MoneyPass Netspend ATM card, you can withdraw money from your ATM for free. You can use the app’s ATM Locator to find the nearest ATM.
- Using Store Outlets
When purchasing with a credit or debit card, avoid using cash from ATMs or other related locations to cover your purchase costs. When you choose the debit option, enter your PIN to receive cashback. These types of facilities include everything from supermarkets to restaurants, clothing stores and jewellery stores. Earn cash back at Walmart and other participating retailers.
- Encourage your friends to send money for free
Do you need money? Do you have friends who have a Netspend account? If so, please contact him or her. They can arrange the amount you need to transfer in cash to their Netspend account, after which they will transfer the money to your account. In this case, you do not have to pay a fee to receive the money.
- Over the Counter in Bank
Over-the-counter withdrawals from your Netspend card account are available for free from many banks. You may go as long as your bank accepts either Visa or Mastercard.
As you can see, banks allow withdrawals from both their account holders and account holders of other financial institutions as long as they have a debit card. A total of $ 4,999.00 can be withdrawn at the counter within 24 hours.
How to Avoid ATM Fees When Using Your Netspend Card
Sometimes you desperately need cash, but ATM fees can be very high. According to MagnifyMoney, regular fees range from $ 1 to $ 3.50 per withdrawal in the United States. International transactions can cost more than $ 5 or 1-3% of the transaction amount.
It will be calculated over time. If you withdraw cash from an ATM for an average weekly fee of $ 2.25, you’re wasting $ 117 a year. What could you do with the extra money? You could have imagined something more interesting and practical than paying a fee to access the money in the bank.
There are several easy ways to avoid those ridiculous charges. In this guide, we will discuss options to avoid unnecessary ATM fees and get the cash you need. Some are a little creative, but they are all pretty basic. By reading this guide you will learn how to save a lot of money.
- Use a MetaBank ATM
MetaBank is a financial institution that issues and manages cards. The company has several ATMs that anyone can find using its convenient app. You can also trade nationwide at no additional charge at ATMs with the privileged status logo. MetaBank is working harder for its customers and making every effort to help them make the most of their money.
- Locate Fee-free ATM Networks
There is a large list of free ATM networks around the world. Allpoint, MoneyPass, CO-OP Financial Services, plus Alliance are four great options. Pharmacies, grocery stores, convenience stores, wholesale clubs, and even Dunkin Donuts in your favourite areas may have places you’re looking for to get cash without the hassle of fees.
All of these networks have tracking devices available online, and all have apps for Apple and Android phones, except the Plus Alliance.
- Over-the-counter Transactions at a Local Bank
Most banks charge a fee when someone without an account uses their ATM, but many banks withdraw cash for free from the debit cards of other institutions at the counter. Since their goal is to attract more customers, they may offer this service as a courtesy to show off their excellent customer service.
However, to be on the safe side, you should always check before executing a transaction. In addition, there may be restrictions on the amount of money that can be withdrawn from a debit card not issued by your institution. Still, calling and asking is advisable.
- Request cash back when purchasing goods or services
If you are already shopping at your favourite store, check if your card can be used as a debit card and select Cashback to enter the PIN. Grocery stores, gas stations, Wal-Mart, and some other retailers can receive cash when you buy something from them.
Most of these have limits on the amount that can be withdrawn in a single transaction. If you need more cash than you are allowed, split your purchase into only $ 40 at a time.
Since Netspend works primarily with payment cards, you may not know that Wells Fargo, Bank of America, or other debit cards can use the same tricks as Netspend to avoid withdrawal fees. Free withdrawals from your NetSpend card eliminate the need to pay ATMs or over-the-counter fees on your card.
Most ATMs charge a fee for withdrawals using debit, credit, or prepaid cards. Off-net ATMs charge more than usual. To encourage exclusive use of ATMs, some banks and other financial institutions do not charge for ATM use but charge for ATM use outside the network.
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CONCLUSION
You can withdraw money for free using your NetSpend card at some ATMs such as Metabank and MoneyPass. Alternatively, you can send money to your cash exchange friends in a more indirect way to avoid fees and save money.
Netspend accounts can be funded in a variety of ways, including bank accounts, direct deposits, and check deposits. If you lose your card, you will need to contact Netspend Customer Service.