Netspend debit account, 6.00% APY savings, mobile banking reinvented (2024)

The debit card that works for you.

Get paid up to 2 days fasterwith Direct Deposit3 and earn up to 6.00% APY.4

Already have a card?

Banking services provided by Pathward®, N.A., Member FDIC. Deposit Account opening is subject to registration and ID verification.1

Netspend debit account, 6.00% APY savings, mobile banking reinvented (1)

Netspend debit account, 6.00% APY savings, mobile banking reinvented (2)

Netspend debit account, 6.00% APY savings, mobile banking reinvented (3)

No credit check1

Netspend debit account, 6.00% APY savings, mobile banking reinvented (4)

No minimum balance

Netspend debit account, 6.00% APY savings, mobile banking reinvented (5)

No activation fee2

Get Paid Faster

Get paid before you need it.

Set up direct deposit with Netspend and get paid up to 2 days faster.3

Netspend debit account, 6.00% APY savings, mobile banking reinvented (6)

Netspend debit account, 6.00% APY savings, mobile banking reinvented (7)

Pause your card with Card Controls

Wallet lost or stolen? The Card Controls feature blocks your card and we'll handle the rest.

Your money needs, all in one app.

Stay on top of your finances like you stay on top of your life. The Netspend® Wallet App puts it all in the palm of your hand.

Download the App

Netspend debit account, 6.00% APY savings, mobile banking reinvented (8)

Add and move money with ease

Easily move funds between your spending and Savings Accounts.

Shop and pay bills anywhere

Add it to your digital wallet and use your card or phone anywhere Visa Debit or Debit Mastercard are accepted.

Stay on top of your money with real-time alerts

Get Anytime Alerts whenever money is added to your account and available to spend, or when it's used for purchases.

Get a card and set up your account in minutes.

Get started today with no credit check,1 activation fee2 or minimum balance required.

Your questions, answered.

Your money, at your fingertips.

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Netspend debit account, 6.00% APY savings, mobile banking reinvented (9)

Netspend debit account, 6.00% APY savings, mobile banking reinvented (10)Netspend debit account, 6.00% APY savings, mobile banking reinvented (11)

Netspend debit account, 6.00% APY savings, mobile banking reinvented (12)

Your funds on deposit are FDIC insured up to $250,000 through your issuing bank, subject to aggregation of all funds held on deposit.

1 IMPORTANT INFORMATION FOR OPENING A CARD OR DEPOSIT ACCOUNT: To help the federal government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires us to obtain, verify, and record information that identifies each person who opens an Account. WHAT THIS MEANS FOR YOU: When you open an Account, we will ask for your name, address, date of birth, and your government ID number. We may also ask to see a copy of your driver’s license or other documents at any time. All Accounts are opened subject to our ability to verify your identity by requiring acceptable types of identification. We may validate the information you provide us to ensure we have a reasonable belief of your identity. If we are not able to verify your identity to our satisfaction, we will not open your Account or we may close the Account if it was previously funded. Your Account is subject to fraud prevention restrictions at any time, with or without notice. Residents of Vermont are ineligible to open a Card Account.

2 While this specific feature is available at no cost, certain other transaction fees and costs, terms, and conditions are associated with the use of this Account. See the Deposit Account Agreement or Online Account Center for more details.

3 Faster funding claim is based on a comparison of our policy of making funds available upon receipt of payment instruction versus the typical banking practice of posting funds at settlement. Fraud prevention restrictions may delay availability of funds with or without notice. Early availability of funds requires payor’s support of direct deposit and is subject to the timing of payor’s payment instruction. 4 days faster funding claim is limited to federal government benefit funds. 5 days faster funding claim is limited to Federal tax return funds regarding when funds are received from the IRS. IRS processing times will not be affected. For up-to-date information from the IRS, visit www.irs.gov/refunds.

4 The optional Savings Account linked to your Netspend All-Access Account is made available to Accountholders through Pathward® N.A. or Republic Bank & Trust Company; Members FDIC. Interest is calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly.

  • If the Average Daily Balance is $2,000.00 or less, the interest rate paid on the entire balance will be 5.87% with an annual percentage yield (APY) of 6.00%.
  • If the Average Daily Balance is more than $2,000.00, the interest rate paid on the portion of the Average Daily Balance which exceeds $2,000.00 will be .49% with an APY of .50%, and the interest paid on the portion of the Average Daily Balance which is $2,000.00 or less will be 5.87%. The APY for this tier will range from 6.00% to .60%, depending on the balance in the account.
The interest rates and APYs of each tier may change. The APYs were accurate as of 4/1/2024. No minimum balance to open Savings Account or obtain the yield(s). Savings Account funds are withdrawn through the Netspend All-Access Account (maximum 6 such transfers per calendar month) and transaction fees could reduce the interest earned on the savings account. Funds on deposit are FDIC insured through Pathward, N.A. or Republic Bank & Trust Company. For purposes of FDIC coverage, all funds held on deposit by you at Pathward, N.A. or Republic Bank & Trust Company, will be aggregated up to the coverage limit, currently $250,000.00.®

5 The Debit Card Overdraft Service is an optional service made available to eligible Netspend All-Access customers by Pathward, N.A. and Republic Bank & Trust Company. Once you enroll and meet the eligibility requirements, you will be charged $20.00 for each transaction that overdraws your account by more than $10.00, up to a maximum of five (5) fees per calendar month. To avoid that fee, you have twenty-four (24) hours from the time of the first transaction that creates the overdraft to bring your Account back to a zero ($0.00) or a positive balance. Transactions subject to an overdraft fee are signature and PIN purchase transactions and ATM transactions. ACH Debit transactions are not eligible for coverage. Any negative balance must be repaid within thirty (30) days. Whether we authorize an overdraft is discretionary, and we reserve the right not to pay. For example, we typically will not pay overdrafts if you fail to meet the eligibility requirements for this service or you attempt too many transactions or transactions that create too large of an overdraft. Call us at the number on the back of your card or log in to your Online Account Center for additional terms and conditions that apply, including initial and ongoing eligibility requirements for the service. This service is expensive, so we encourage you to research alternatives before enrolling. Once enrolled, you may opt-out at any time; however, you are responsible to repay any overdrawn amounts on your account even if you opt-out of the service.

6 The Netspend Network is provided by Ouro Global, Inc. and its authorized agents. Ouro Global, Inc. is a licensed provider of money transfer services (NMLS ID: 932678). Ouro Global Inc.’s licenses and related information may be found at www.netspend.com/licenses. Fees, limits, and other restrictions may be imposed by Ouro Global, Inc. and other third parties in connection with use of the Netspend Network.

The Netspend Visa® Prepaid Card is issued by Pathward®, National Association and Republic Bank & Trust Company, Members FDIC, pursuant to a license from Visa U.S.A. Inc. The Netspend Prepaid Mastercard is issued by Pathward, N.A., and Republic Bank & Trust Company, Members FDIC, pursuant to license by Mastercard International Incorporated. The Netspend® Debit Account is a deposit account established by Pathward, N.A. Please see the back of your Card for its issuing bank. Ouro Global, Inc. is a registered agent of and service provider to Pathward, N.A. The Netspend Visa Prepaid Card may be used everywhere Visa debit cards are accepted. The Netspend Prepaid Mastercard may be used everywhere Debit Mastercard is accepted.

Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

Google Play and the Google Play logo are trademarks of Google LLC.

Apple® and the Apple logo® are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.

© 2024 Ouro Global, Inc.

Netspend debit account, 6.00% APY savings, mobile banking reinvented (2024)

FAQs

Is Netspend Savings Account legit? ›

Netspend allows individuals to receive access to their direct deposit funds two days early, and your money is FDIC-insured via Netspend's relationship with three banks. The company does not charge overdraft fees and allows consumers to open a savings account that pays 5% on balances of less than $1,000.

How much interest does a Netspend Savings Account earn? ›

Earn up to 6.00% Annual Percentage Yield with our Savings Account and watch your savings grow.

Can I withdraw money from my Netspend Savings Account? ›

Take your Netspend card to your local bank or credit union, and you should be able to get cash by speaking to a teller. Your Netspend card may charge a 2.75% of the withdrawal amount or $4.00, whichever is greater fee for this service. Withdraw money from an ATM.

What is the Netspend controversy? ›

What was the lawsuit about? According to the FTC, many people who bought NetSpend prepaid debit cards were unable to access their funds, either because NetSpend denied or delayed activation of their card or because NetSpend blocked them from using it.

Why is Netspend holding my money? ›

Why is there a hold on my money? Gas stations, hotels and car rental agencies frequently preauthorize a transaction, which means they place a hold on your card until they know the final amount owed. Here are some common situations when an authorization hold will apply if you use your Netspend card.

How does a savings account work with Netspend? ›

Interest is calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly. If the Average Daily Balance is $1,000.00 or less, the interest rate paid on the entire balance will be 4.91% with an annual percentage yield (APY) of 5.00%.

How much will 10000 make in a high-yield savings account? ›

If you have $10,000 to invest, here's what your earnings would be at different interest rates: After one year with a regular account at 0.42%: $10,042.00. After one year with a high-yield account at 4.50%: $10,450.00. After one year with a high-yield account at 5.00%: $10,500.00.

How much will 50000 make in a high-yield savings account? ›

5.5% APY: Choosing a 5.5% CD or high-yield savings account will result in $2,750 in interest on your $50,000 investment annually. 5.75% APY: A 5.75% CD or high-yield savings account will earn you $2,875 in interest in one year.

Can money be taken out of my savings account? ›

Typically, yes — your money is yours. But a savings account is designed to discourage frequent transactional use and may carry monthly withdrawal limits. Exceeding these limits can incur fees, have your account re-classified or have it closed altogether.

Why did I receive a Netspend card in the mail in 2024? ›

Tax Refunds: The Internal Revenue Service (IRS) may send a Netspend card if they do not have your direct deposit information on file. This can happen if you are eligible for a tax refund or if you are receiving Economic Impact Payments during times like the COVID-19 pandemic.

What is the lawsuit against Netspend? ›

The FTC settlement benefits consumers who purchased or received a NetSpend card between Jan. 1, 2010, and Aug. 31, 2016, who did not activate their card and who had fees deducted from their card balance. The FTC claims NetSpend delayed or, in some cases, denied the activation of its prepaid debit cards.

Can Netspend be trusted? ›

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.

Is there a problem with Netspend right now? ›

No, we are not detecting any problems with Netspend right now. The last outage detected for Netspend was on Friday, June 28, 2024 with a duration of about 42 minutes.

How does a Savings Account work with Netspend? ›

Interest is calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly. If the Average Daily Balance is $1,000.00 or less, the interest rate paid on the entire balance will be 4.91% with an annual percentage yield (APY) of 5.00%.

Is Netspend a real bank account? ›

Netspend is a registered agent of The Bancorp Bank, Pathward, NA, and Republic Bank & Trust Company.

Can I trust online Savings Account? ›

Yes, just about all online banks provide FDIC insurance of $250,000 per depositor, per FDIC-insured bank, per ownership category.

Why did I get a Netspend account? ›

Receiving a Netspend card can happen for various reasons, including as an alternative to traditional banking, for tax refunds, or for the convenience and flexibility it offers in managing personal and business expenses.

References

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