Free Netspend Money: $20 When You Sign Up Now

Free Netspend Money
Image from https://www.frugalforless.com/

Netspend is an Austin-based company that offers prepaid debit cards that can be used to make in-store purchases, shop online, and withdraw cash at ATMs via Visa or Mastercard. You can get up to $20 free Netspend money when you sign up with the company.

Customers can buy a Netspend card from the company’s website online or purchase one from participating distributors for a small fee. The cards are delivered by mail within seven to 10 days after placing an order online.

On receipt, customers have to unlock the cards and deposit funds into the card before they can make purchases and pay bills.

The Federal Deposit Insurance Corporation functions as a guarantor and provides insurance for all transactions made with the cards.

In this post, you will learn how to get $20 daily free Netspend money when you Sign up with the company.

SEE RELATED: How To Make Money on Social Media Fast in 2021

What Is Netspend?

Netspend is a prepaid Visa debit card that you can use on all purchases that normally require visa.

You can use it to manage your money, make everyday purchases, and withdraw money at the ATM.

They personally have an online budgeting center that helps you manage your finances and tell you what you’re spending money on.

Is Netspend Worth It?

If you’re looking for a pre-paid pass, Netspend is a decent deal, but it’s a little more expensive than the alternatives. You can pay a monthly fee of $9.95 each month for free transactions, or pay $1-$2 each time you use the card.

When you get $500 in direct card deposits every month, the monthly fee is just $5. There’s also an inactivity penalty of $5.95 if you do not use the card for 90 days. There is no way to avoid these payments now, which is one of the reasons why they are more expensive than some others.

For reloading, there are a number of reloading sites, plus you can transfer from a bank account, PayPal, or deposit checks (10-day lock, or pay the same day for a processing charge). That’s a $3.95 bill, too, if you want to refill it with cash. As you can see, the payments add up.

If you’re looking for a pre-paid pass, Netspend is a decent deal, but it’s a little more expensive than the alternatives. You can pay a annual fee of $9.95 each month for free purchases, or pay $1-$2 each time you use the card.

When you get $500 in direct card deposits every month, the monthly fee is just $5. There’s also an inactivity penalty of $5.95 if you do not use the card for 90 days. There is no way to avoid these payments now, which is one of the reasons why they are more expensive than some others.

For reloading, there are a number of reloading sites, plus you can transfer from a bank account, PayPal, or deposit checks (10-day lock, or pay the same day for a processing charge). That’s a $3.95 bill, too, if you want to refill it with cash. As you can see, the payments add up.

How Can I Get Free Netspend Money?

You can sign-up for a Netspend account for absolutely free and have your account credited with $20 in cash, though your credit card or any other payment information will be required to register you.

You’ll further be required to sign-up and deposit $40. You can however, withdraw all of your money from an ATM, once you receive the bonus.

How can I open an account online to get a Free Netspend Money card?

It is relatively easy to open an account on the Netspend website. It is mandatory for customers to include their name, physical address, and email address. Compare the different packages on the Netspend.com website first, by looking at the specifications, costs, and advantages of each bundle.

Click the sign-up button to open the sign-up page once you’ve found the kit that matches your needs. Users are required to enter their name, address, and eemail address on the tab.

Choosing the preferred color from a choice of four different colors is the next step. Then create a password, username, and a security query.

Login into the customer portal once the application is accepted and order your Netspend card. The card will be delivered within seven to 10 days via registered mail.

Purchasing the company’s card from an approved retailer such as a gas station, grocery store, or check-cashing store is an alternative to the online application. Participating stores typically display the sticker of the business at the counter.

Vendors ask customers to include their name, address , date of birth, and make a copy, such as a passport or driver’s license, of an official identification document. The cards are commonly sold by retailers at a rate ranging from $2.95 to $4.95.

SEE ALSO: How To Make 10k A Month Online Fast | 15 Proven Hacks In 2021

This is How to use Netspend Cards

NetSpend prepaid cards can be used to pay for shopping, refill your gas tank, pay online bills, and withdraw cash from ATMs. They have the flexibility as being used as a credit card and as a debit card. They typically include a $1 transaction fee whenever used as a credit card, and an even higher fee of $2 when used as a debit card.

There are variations to the amount of these fees but they are usually on the $1-$2 range. There are also fees for cash withdrawals at ATMs, that will typically vary on location, with international withdrawals having more expensive fees.

If you are a large user, you can upgrade your subscription to the FeeAdvantage Plan or Netspend Premier Fee Advantage Plan that charge $5.00 and $9.95 per month, respectively. Over-the-counter cash withdrawals are charged $2.50 per transaction, plus a transaction surcharge for foreign OTC cash withdrawals.

Domestic ATM cash withdrawals are charged $2.50 per withdrawals while international cash withdrawals are charged $4.95 per withdrawal, plus the foreign transaction surcharge.

How to Add Funds to the Netspend card

There are several ways that customers can use to add funds to their accounts. They include:

Direct deposit

Direct deposit is the most convenient way to reload funds into the Netspend prepaid card without incurring any expenses. Customers can choose to deposit their paychecks and government benefits directly to their prepaid cards. Tax refunds from the IRS can also be deposited directly to the card account.

Netspend reload locations

Netspend lists over 130,000 locations around the United States where cardholders can add money to their accounts. The company’s website offers a reload center locator that customers can use to find the most convenient reload locations near their cities.

Bank transfers

Customers can also add money to their Netspend accounts from any U.S. issued bank account. They can use their bank debit cards, savings, or checking account balances to add funds to the card.

PayPal

PayPal also offers a convenient way where customers can link their Netspend cards and deposit money directly to the prepaid cards.

Transfer between Netspend card accounts

The company also allows customers to transfer funds from one Netspend card account to another account at a small fee.

Netspend overdraft protection

Netspend overdraft protection allows prepaid cardholders to incur fees or complete transactions that exceed their card account balances. Customers are allowed to use the overdraft protection service up to three times per calendar month.

Customers are charged a transaction fee of $15 overdraft transaction services for customer withdrawals that exceed their card balance by more than $10.

However, for customers to enjoy this protection, they must meet certain activation and eligibility requirements. One of these requirements is that customers must provide a valid email address and agree to the company’s electronic delivery of disclosures and amended terms to the overdraft protection contract.

Also, account holders must make deposits to their card in excess of $200 every 30 days to continue using the service.

NetSpend is a prepaid debit cards that will give you a $20 referral bonus when you sign up with a referral code and add $40 to your new account. The prepaid debit card market is very competitive and $20 is a great bonus to sign up for a card.

Are you looking for a Netspend new account referral code or link? If so, you’re in the right place.

Short version: You can click this NetSpend $20 referral promotion link and get your card using referral code 3036538070 to get your $20 bonus after you add $40 to your account.

Long version:

How to get $20 from Netspend

1. Register For Netspend

Sign up with this link and if they ask, make sure to use the referral code 3036538070. Without the code, you won’t get your $20 bonus. The signup process took just a few minutes.

Click here to get $20 from Netspend

2. Wait for the card:

 They recommend you Activate your Card before you do anything else, just in case there’s a problem. I applied on July 6th (several years ago), got my card about 10 days later (not sure if weekend days count), and activated it.

You’ll need to wait approximately 7-10 business days to receive your Netspend Visa Debit Card in the mail. After you receive the card, you can login to your account and activate it.

3. Transfer $40 into your account:

There are several ways to transfer funds but you have to do an in cash or direct deposit to qualify for the bonus. Within a couple of days (mine was there the next day), you’ll see the bonus appear.

It’s a pre-paid card so there are fees. There’s no monthly fee on the “Pay As You Go Plan” but you will pay $1.50 per Signature Purchase Transaction or a PIN Purchase Transaction. You can also make an ATM withdrawal but that costs $2.50 per withdrawal. I reloaded my Amazon credits.

If you want the free $20 dollars, you must load $40 dollars on to your account again.

4. Spend your money:

You can also use Amazon’s Reload feature which will give you some bonuses. The standard bonus is 2% on the transfer, which can offset some of Netspend’s fee (on the reloads it’s still a Signature Purchase Transaction), but you can get more on the first reload. It’s also faster than buying a gift card and loading it into your account.

When spending the money, you have to remember your spendable balance is $1.50 less than your total because of the fee. So, I have $60 on the card but any transaction above $58.50 will be rejected.

Wait up to 7 days and you should receive an extra $20 dollars in your Netspend account.

You can go to any ATM and withdraw your initial $40 plus the extra $20 you received as a bonus for a total of $60.

It took me about 6 days for them to deposit the $20 bonus into my account. If you don’t end up receiving your cash, simply contact the Netspend team and they’ll be more than happy to help you.

5. Keep the account or close it:

 Up to you, personally, I would close it if you aren’t ever going to use it. To close your account, log in and look under “Help & Support” for “Close Account.”

You can also refer your friends and family too. They get $20 when they do exactly what you did and you’ll get $20 for referring them. By that same token, we’re getting $20 for referring you. It’s one big referral party!

Final Thoughts

It is important to note that this offer is currently valid for only US residents.

We however do sincerely hope that you consider this as an investment opportunity and leap for it.

References

0 Shares:
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like