How Can I Transfer Money from Netspend to My Bank Account?

Photo Courtesy: @Netspend/Twitter

Prepaid debit card accounts like Netspend are popular for many reasons. Consumers often want to eliminate the risk to their personal bank accounts by paying for purchases with prepaid debit cards. These cards only have access to limited funds — the amount you choose to deposit — rather than the full amount in your bank account. In other cases, consumers need to reestablish a positive banking history before they can open a traditional bank account, or young adults use them to control their spending while they learn how to manage their money.

Online shopping and many other types of purchases require a debit or credit card, which makes some type of payment card a necessity in today’s world. As a debit card with either the Visa or Mastercard logo, Netspend cards allow you to deposit as much or as little as you want, giving you the freedom to make card-only purchases with a quick swipe. Here’s a quick look at how Netspend works hand-in-hand with your bank account.