How To Avoid Netspend Fees

How To Avoid Netspend Fees

To minimize or avoid fees associated with your NetSpend prepaid card, consider the following strategies:

💳 Choose the Right Fee Plan

NetSpend offers two primary fee structures:

• Pay-As-You-Go Plan: No monthly fee, but charges $1.95 per transaction.
• Monthly Plan: $9.95 per month, with no per-transaction fees.

If you receive $500 or more in direct deposits (e.g., payroll or government benefits) within a calendar month, you qualify for the Reduced Monthly Plan, which costs $5 per month .

🏧 Minimize ATM and Withdrawal Fees

• Use in-network ATMs: Withdraw cash for free at ATMs within the Allpoint, MoneyPass, and Visa Plus Alliance networks .
• Avoid out-of-network ATMs: Using ATMs outside these networks can incur additional fees.
• Opt for cashback: When making purchases at participating retailers, select “DEBIT” and enter your PIN to receive cashback without ATM fees .

🔄 Utilize Direct Deposit

Setting up direct deposit can help you qualify for the Reduced Monthly Plan, reducing your monthly fee to $5. Additionally, it ensures timely access to your funds without the need for frequent ATM withdrawals.

💸 Avoid Inactivity Fees

NetSpend charges a $5.95 monthly inactivity fee if there are no transactions (deposits, withdrawals, or purchases) for 90 consecutive days .

• Set up automatic transfers or direct deposits.
• Make occasional purchases or withdrawals to keep your account active

🛍️ Leverage Cashback Opportunities

Many retailers offer cashback when you make a purchase using your NetSpend card. This can be an alternative to ATM withdrawals, helping you access cash without incurring additional fees .

By strategically selecting your fee plan, utilizing in-network ATMs, setting up direct deposits, and taking advantage of cashback options, you can effectively minimize or avoid fees associated with your NetSpend card.