How To Send Money From Netspend To Chime

Through Chime, you can open a Spending Account and get a Chime Visa ® Debit Card. You'll get access to a bunch of great features, like mobile banking , online banking , getting paid early³, and much more.

Netspend® is a prepaid card service with some online card management features. Users can choose between Visa or Mastercard options. They're called Netspend® Visa Prepaid Card and Netspend® Prepaid Mastercard.⁴

Let's take a closer look at how Chime and Netspend® compare.

Fees

Chime has no hidden fees² . This means you're not hit with unexpected monthly maintenance fees, minimum balance fees, or foreign transaction fees. You may have to pay an out-of-network ATM fee, but Chime has more than 60,000 participating ATMs .

Netspend® charges a few fees you should be aware of, like:

A monthly fee or per-transaction fee (depending on the preferred plan) There is also
ATM fees (including an ATM balance inquiry fee)
Reload fees
Cash withdrawal fees
Transaction declined fees
Check request fees
Inactivity fees

A third-party card purchase fee may also come into play. The type of fees and amount for each fee can vary based on your plan and other factors.⁵

Direct Deposit

With Chime, you can get paid up to 2 days early³ . This means, you can access your paycheck 2 days before your normal payday.

Netspend® also offers early direct deposit of up to 2 days early⁵. Direct deposits onto prepaid cards are essentially reloading your funds with your paycheck.

Savings Account

Chime's Automatic Savings feature lets clients save money 2 different ways:

When you spend: Round up the cost of your purchases and watch the rounded-up amount help grow your savings.
When you get paid: Set a portion of your direct deposit to go into your savings, growing your rainy-day fund with each paycheck.

Netspend® has a savings account with up to 5.00% Annual Percentage Yield. Funds can be transferred from the card or you can opt for automatic transfer.⁷

Figuring out your priorities when it comes to a savings account can help you determine if Chime or a Netspend® debit card is right for you.

Mobile App

Chime has an award-winning app that lets members check their balance, track spending, transfer money, pay family and friends, pay bills, and much more. This allows you to take control of your money right from the convenience of your phone.

The Netspend® Mobile App allows users to see their balance and transactions, send and receive money, load checks, and find reloading locations.⁶

Security

Chime helps keep your money and information safe with a variety of security features . Here are some ways Chime helps with safety:

Deposits up to $250,000 are insured through Chime's partner, The Bancorp Bank, Member FDIC.
You can opt-in for instant notifications and alerts for every transaction.
Chime's debit card is protected under Visa Zero Liability Policy.
The Chime mobile app requires two-factor authentication and supports fingerprint authentication.
If your Chime card gets lost or stolen, easily block any transactions using the mobile app.

Netspend® also employs some bank-level security to keep clients' accounts safe,⁶ such as:

Money is FDIC-insured through the card's issuing bank.
The Netspend® card is under the Visa Zero Liability protection or Mastercard Zero Liability protection.
There is a temporary card number to have more control over online transactions.

It's important to look into what security options are available to you. Make sure you have the protections in place that will give you the most peace of mind.