I got a netspend card in the mail

We try to explain our services as clearly and simply as possible, but we know that financial terms can sometimes be confusing.

I do however recommend cutting up or shredding the card so nobody can activate it. The card is typically branded as Netspend Visa or a Netspend Mastercard. The debit account is a normal bank account with features like direct deposit, tax refunds, or mobile cheque deposits. Netspend is a little coy about revealing its exact fee structure, so be sure to check and confirm the fees that will apply to you specifically before you sign up. Rather, Netspend is a fintech company that partners with banks to provide its services. In that sense, Netspend is similar to Chime.

I got a netspend card in the mail

Use limited data to select advertising. Create profiles for personalised advertising. Use profiles to select personalised advertising. Create profiles to personalise content. Use profiles to select personalised content. Measure advertising performance. Measure content performance. Understand audiences through statistics or combinations of data from different sources. Develop and improve services. Use limited data to select content. List of Partners vendors. Netspend offers prepaid MasterCard and Visa debit cards requiring no minimum balance and no credit check. All transactions made using Netspend cards are insured by the Federal Deposit Insurance Corporation FDIC up to the current coverage limit, and the cards can be used anywhere MasterCard and Visa debit cards are accepted.

Netspend says its prepaid cards come faster than an IRS check, which could be helpful for people looking for liquidity sooner rather than later. Just select it as your refund method through your tax software and type in the account number and routing number. However, one major difference is that using a Netspend card does not impact a person's credit score, such as a credit card does.

No matter how much we learn about the best ways to protect ourselves against card scams, criminals will manage to find new ways to elicit prepaid, debit, and credit card numbers from unsuspecting consumers. Before you think this type of crime only happens to the old or vulnerable, consider these statistics shared by the Federal Trade Commission FTC. Compared to adults ages 40 and over:. Millennials are twice as likely to report purchased items that were never delivered or weren't as advertised. What does this show us?

The stimulus payment is loaded on the debit card. Get instant access to members-only products and hundreds of discounts, a free second membership, and a subscription to AARP the Magazine. Join Now. In some cases, cards and checks may be going out to taxpayers who got the first stimulus payment by direct deposit. And in some cases, taxpayers may have moved or changed banks since they got their first stimulus checks. The IRS does not determine who receives a prepaid debit card.

I got a netspend card in the mail

We try to explain our services as clearly and simply as possible, but we know that financial terms can sometimes be confusing. Of course, if you still have a question, please contact us. There is no cost to order and activate a Netspend card. Once you activate the card, you may choose from our selection of fee plans. To view the fee plans and other costs associated with using the card, see our fee schedule. When your card arrives, activate it. Follow the printed activation and identity verification steps that are on the materials that arrive with your card. You should receive your card approximately 7 to 10 business days after you place your order.

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Fees may apply. You can always contact your credit or debit card company to see if there is a pending charge from the company mentioned in the email. This is my story of shock, anger, and finally disgust at the practices of this financial firm. You can also request the funds be sent to you via check mailed within 3 or 4 weeks. To apply for this prepaid card of Netspend, you can visit the official site of Netspend and fill out an application by entering valid required details. At first, you may feel a sense of relief knowing that your bank is looking out for your money, but beware. I need to pay a bill immediately. Patent Nos. Bank Transfers. Log in to learn more. Credit and debit cards are not supposed to be given out like candy and I hope netSpend realizes that. All rights reserved worldwide. With a prepaid card, you're spending your own money, whereas using a credit card is like spending borrowed money, which you are expected to pay back with interest at a later date.

The reason is the IRS does not have direct deposit information for you, and you are receiving a NetSpend card in the mail. People perceive prepaid debit cards as junk mail or a hoax when they receive them as part of the federal stimulus program.

Did my identity get stolen? To check your balance for free, log in to your Online Account Center , where you can see your balance, your deposits and transaction history. If you want to activate your Netspend card, simply follow the instructions on the mail you receive. If you get a Netspend card in the mail, it could have something to do with your tax return. The maximum amount you can spend or withdraw at a time varies by type of transaction. Use PayPal to add money to your card. Trending Videos. Learn more. If you have a Netspend prepaid debit, then you cannot overdraft your card at an ATM. I need to pay a bill immediately.