You can withdraw a large amount of money on a NetSpend Card for up to $4,999.99 per 24 hours. In a single transaction, the NetSpend withdrawal limit is $325 from your NetSpend Card. There is also a limitation to using your NetSpend Card on an ATM more than 6 times during a 24-hour period.
If you want to withdraw a large amount of cash from your Netspend card, you should visit an over-the-counter location. Find out why in this guide.
You can withdraw large amounts of money from your Netspend card, just as you can any regular debit card. However, there is a restriction on the amount of money that you can withdraw from a Netspend card per day, so this might affect your plans.
Even though Netspend cards are different from regular debit cards, primarily because they are pre-paid. In a lot of ways, they are actually pretty similar to regular debit cards.
This is why it is possible to withdraw large amounts of money from your Netspend card. As long as you have the funds in your account, of course.
But, there are some things that you should know before you attempt to withdraw large amounts of money from your Netspend account, including the fact that there is a restriction on the amount that you can withdraw in a day.
We’ll be telling you everything that you need to know, including how to withdraw large amounts from your Netspend account, in this guide.
So to find out more, keep on reading.
Read: What ATM is Free For Netspend?
Can you Use a Netspend Card at any ATM?
Yes, it is possible to use your Netspend card at most ATMs. Not all ATMs will be compatible with Netspend cards. That is why we always recommend using the handy location finder on the Netspend website before you try to draw any money out.
This function lets you type in your zip code, or give the website access to your location data, to tell you all the Netspend-compatible ATMs in your area.
Before we take a look at how to withdraw large amounts of money from your Netspend account, let’s first take a look at how to withdraw any money from your Netspend card.
In order to do this, we first need to take a look at whether, or not, Netspend cards are compatible with ATMs.
Most of the time, when you want to withdraw large amounts of cash, you will do so near home.
So, you will probably already have an idea of what ATMs are compatible with Netspend cards. But, using the location finder is always a good idea if you are in a new place.
Is there a Limit on the Amount of Money you can Withdraw from a Netspend Card?
As we have mentioned, yes, there are some restrictions on the amount of money that you can withdraw from your Netspend card. These restrictions cover single transactions, and they also cover set time periods.
So, if you want to withdraw a large amount of money from your account, it is important that you are aware of these restrictions well in advance.
Let’s begin by taking a look at the restrictions on ATM withdrawals. Most of the time, when you withdraw money from your account, you will not withdraw large amounts, and that is why you might not have been aware of the restrictions.
But, there are actually restrictions on the amount of money that you can withdraw from your account in a single transaction, and also on the amount, you can withdraw across 24 hours.
In a single transaction, you will not be able to withdraw more than $325 from your NetSpend Card. You will also be unable to withdraw any more than $940 in a 24-hour period. There is also a restriction on the number of ATM withdrawals you can do in 24 hours, so you will be unable to use an ATM more than 6 times during a 24-hour period.
Thankfully, purchase transactions and over-the-counter withdrawals allow you to take out more money from your account. For both of these transactions, the amount of money that you can use from your Netspend card is restricted to $4,999.99 per 24 hours.
So, if you want to withdraw an amount of money that is larger than this, you will need to spread the transactions over a couple of days.
NetSpend Withdrawal Limit
| Type | Limit |
|---|---|
| Purchase Transactions | $4,999.99/ 24 hours |
| Over-the-counter Cash Withdrawals | $4,999.99/24 hours |
| ATM Cash Withdrawals | $325.00 per withdrawal $940.00 per day, up to 6 per 24 hours |
How do I Withdraw Large Amounts from my Netspend Card
As you can see, there are 2 main methods that you can use to withdraw money from your Netspend account. You can either visit an ATM, or you can withdraw money over the counter.
When it comes to withdrawing large amounts, it is clear that withdrawing cash over the counter is a much better choice. Otherwise, it could take you more than a week to withdraw the necessary amount using an ATM due to the limits on the amount that you can withdraw.
If you have never withdrawn a large amount of money from your Netspend account before, you might be unfamiliar with over-the-counter transactions, so you might not know the best place to go.
Thankfully, the location finder on the Netspend website can be used to find over-the-counter locations near you. A good example of one of these is Walmart MoneyCenter.
At these locations, you will be able to withdraw up to $4,999.99 in a single transaction. But, it is probably worth ringing the location you plan on visiting before you visit in order to ensure they have sufficient funds to cover the transaction.
Then you simply have to visit the store and complete the transaction. It is worth noting, however, that a lot of over-the-counter money withdrawal centers will charge a fee on transactions. Especially larger transactions.
However, this fee usually isn’t too large.
If the amount that you want to withdraw is more than the limit, then you will have to complete multiple transactions over a number of days. But, it is important to note that the withdrawal limit is per 24 hours not per calendar day.
So, if you withdraw the full limit at 2 p.m. on a Thursday, you will not be able to withdraw money from your account until after 2 p.m. on Friday.
This aside, withdrawing money from your Netspend card is actually pretty easy. Even when the amount that you want to withdraw is large.
Netspend Withdrawal Fees
| Fee Type | Fee Amount |
|---|---|
| Monthly Fee | $0 to $9.95/month |
| ATM Withdrawal Fee | $2.50 |
| ATM Balance Inquiry Fee | $0.50 |
| Out-of-Network Transaction Fee | $2.50 |
| Overdraft Fee | $15.00 per transaction |
| Card Replacement Fee | $9.95 |
| Inactivity Fee | $5.95/month (for some plans) |
| Card Activation Fee | $9.95 |
| Foreign Transaction Fee | 3.5% of transaction amount |
| Customer Service Fee | $1.00 per call (for certain requests) |
| Bill Payment Fee | $2.00 (depending on plan) |
| Check Request Fee | $5.95 |
| Over-the-Counter Withdrawal Fee | $2.50 |
| ATM Decline Fee | $1.00 per declined transaction |
| Expedited Card Delivery Fee | $25.00 |
| Account Closure Fee | $5.00 |
Summary
Withdrawing money from your Netspend account is simple, and you can do this using most ATMs.
But, if you want to withdraw large amounts of money, we would recommend using an over-the-counter location to withdraw your money as you can withdraw up to $4,999.99 per 24 hours from these locations.
Whereas the amount that you can withdraw from an ATM in 24 hours is much lower.
