Lots of places and ways to reload. NetSpend has 130,000 locations across the country where you can reload your card for free. It’s also free to reload through electronic direct deposit. Bank account transfers are another option, but you’ll pay a fee for these transactions.
A variety of account options. You’ll pay to use a NetSpend card, but you have choices around how you spend. If you’re a regular user, you can opt for a Premier card with unlimited transactions for a monthly fee. Otherwise, you can pay for each transaction and ATM withdrawal. The premier package also has an option for small business purchases.
Low threshold to qualify and maintain an account. Since there is no background check, you just need to be at least 18 years old to qualify. There’s no minimum balance required, either.
NetSpend transfers are free. There’s no charge if you need to send money to a NetSpend holder or another one of your NetSpend accounts.
Rewards offers. Like some credit cards, NetSpend has some user perks, like cash back on purchases and a friend-referral bonus. Also, you can earn interest on savings accounts: up to 5% annual percentage yield (APY) on balances $1000 or less. If you go above $1000, however, the APY drops significantly.