I got a netspend card in the mail

Did you receive a prepaid Netspend debit card in the mail? Don't throw the card away! We've got all the details on the prepaid card that many might assume is a scam.

If you are one of those who are searching for an answer to this question, here you are in the right place. Netspend is a prepaid card company, known for offering prepaid cards to people so that they can pay for the things they buy in a retail store. Apart from making purchases at retail stores, hard cash can also be withdrawn from this card to fulfill financial necessities. Netspend card holders can send the direct deposit to their cards. Prepaid cards offered by Netspend come with some amount of money loaded on them and users also have a choice to add money to prepaid cards by visiting Netspend prepaid card reloading locations. And if you are one of them who is receiving a Netspend card in your mail even without applying for it then, there are some reasons behind it which we are going to tell you in this blog. If you are getting a Netspend prepaid card in your mail then, it could be because the IRS does not have any information related to the direct deposit.

I got a netspend card in the mail

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. However given the high fees and a little pushy marketing, I think they are a bit aggressive. If you have other choices, I would recommend finding a bank that lets you get basic services for no fees. Or it may even turn out that you received a card when you may even have one Netspend card already! Well, the good news is that you can make it stop. You can stop receiving these Netspend cards by either closing your account if you have one , or by opting out of their mail. If you already have a Netspend account, you can close your existing card down by spending all the money it holds.

Opt-out of personalized ads. You can call your biller and pay over the phone using your Netspend card number if that option is available. If there are any unauthorized charges, their fraud department will work with you to get them handled the right way.

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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. It is the most frequently asked question in financial threads on Reddit. You may receive a NetSpend MasterCard in the mail for one of these reasons. Instead of a pre-approved application, NetSpend has sent some people an unexpected Visa debit card. To activate these cards, the company will mail them to your address. Another possibility is that the IRS sends you prepaid debit cards as recipients of stimulus funds. You are receiving this NetSpend card because the IRS does not have your direct deposit information or the bank declined payment and refund the cash. This money is sent to your current address. Netspend uses affiliate marketing to attract new consumers.

I got a netspend card in the mail

This week my husband received an unsolicited Visa debit card from a firm called netSpend. It was certainly an odd experience to receive a card that looked official instead of a pre-approved application packet. This is my story of shock, anger, and finally disgust at the practices of this financial firm. See also: Credit Cards vs. Debit Cards: A Comprehensive Comparison. At first, I was confused as to why my husband would open an Visa debit account without telling me. So I asked him if he applied for this card. He was bewildered and said, "No! Did my identity get stolen?

A mythical discovery

Photo credit:. There is no fee for direct deposits, mobile check uploads, or transfers from a connected bank account. However, one major difference is that using a Netspend card does not impact a person's credit score, such as a credit card does. Investopedia does not include all offers available in the marketplace. Netspend is a prepaid card company, known for offering prepaid cards to people so that they can pay for the things they buy in a retail store. Please review our updated Terms of Service. Measure advertising performance. If there are any unauthorized charges, their fraud department will work with you to get them handled the right way. Netspend prepaid card arrives wrapped in a white envelope from the US Department of the Treasury. If your identity is partially verified, full use of the Card Account will be restricted, but you may be able to use the Card for in-store purchase transactions. This can come in the form of a check or a prepaid debit card. Use profiles to select personalised advertising. Netspend prepaid cards come with some balance on them. Join our newsletter and get updates in your inbox.

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.

List of Partners vendors. Also remember to check the fees before using this feature as it could be quite expensive! While not all crimes will be solved, sharing with others can help them be aware. To recognize whether a Netspend card is legitimate or not, you need to keep some important points in your head. If you do call the number, you may be asked to give remote access to your computer, where the scammer can infect it with viruses or steal important information. All rights reserved worldwide. If you have other choices, I would recommend finding a bank that lets you get basic services for no fees. It was certainly an odd experience to receive a card that looked official instead of a pre-approved application packet. Can I send money to another Netspend account? All applicants are guaranteed approval once the applicant's identity is proven, and new cards are sent via mail within seven to 10 business days. To do this, call us at , or log in to the Online Account Center to close your account. How do I close my Netspend card account? You just have to ensure that you have enabled this functionality.