The maximum amount you can load on a NetSpend Card is $2500 for every 24 hrs if they are loaded at partnering stores such as Walmart, Walgreens, and CVS Pharmacy. However, you can load your NetSpend Card upto $7,500 via direct deposit over any 24 hour period. The monthly loading limit for a NetSpend Card is capped at $15,000.
Knowing the spending and loading limit of prepaid debit cards helps you create a realistic monthly budget. Continue reading for a more detailed guide and learn how much you can load on a NetSpend card per day and on monthly basis.
Many people turn to prepaid debit cards to store and save their money. These cards help set up budgets and make online purchases when cash isn’t a payment option.
However, not all prepaid debit cards are the same. Some cards may limit your spending power by capping how much money you can load onto your account or how much you can spend using your card each day.
Knowing the limit of prepaid debit cards helps you create a realistic monthly budget.
A prepaid debit card differs from a credit card. Instead of relying on a line of credit, the prepaid debit card allows you to spend whatever money you have loaded onto the card.
The prepaid debit cards make it easy to complete online and in-person purchases without the risk of carrying cash. This load limit protects you from overspending and keeps your budget in check.
The NetSpend prepaid debit card is popular because it is flexible and charges lower fees than most cards in the space. You can use this card anywhere Visa debit cards are accepted.
This article explains how much money you can load on a NetSpend card and the withdrawal limits.
How much can you load on a NetSpend card?
You can load a maximum of $2500 on a NetSpend card over any 24 hours. This amount is the maximum daily amount of in-store cash value loads. It is the maximum you can deposit into your NetSpend card account at retail locations such as Walmart, Walgreens, and CVS Pharmacy. This means the maximum amount you can add to all kinds of other methods is different.
Furthermore, NetSpend has a direct deposit limit capped at $7,500. This is the maximum amount you can deposit into your NetSpend account via Direct deposit in 24 hours. The monthly limit is capped at $15,000, meaning the maximum amount of money you can have in your NetSpend card account is $15000.
This means you can’t add more than this amount to your card by any method. NetSpend will not allow you to deposit more than this amount.
NetSpend has several prepaid cards within its portfolio, and they all have the same limits that allow a card order to load as much as $15,000 into its card account.
The prepaid visa card also allows you to maintain a balance of $15,000 in your account. For example, the maximum direct deposit on a tax refund deposit is 15,000 dollars.
How much can you withdraw on a NetSpend card?
You can deposit and withdraw money at select NetSpend reload network locations. However, while all locations allow you to deposit money, not all of them allow you to withdraw.
NetSpend’s withdrawal limit is capped at $4999.99 within 24 hours. This is the maximum amount you can get by making an over-the-counter withdrawal in a day.
If you are withdrawing money from a financial institution or NetSpend reload network location, the maximum you can withdraw is $5,000. This same limit applies to purchases. However, the maximum withdrawal amount via ATM is lower than that.
With a NetSpend card, you can easily withdraw money at an ATM. If an ATM accepts a visa or MasterCard, you only need to insert your card and navigate the withdrawal section after inputting your pin. You then input the amount of money you want to withdraw and hit ok. The one-time ATM withdrawals are capped at $325.
You can make up to six ATM withdrawals daily with $940 total. However, an ATM owner may impose stricter limits depending on the location.
Withdrawal costs across several financial institutions are a primary concern to many people. No one wants to spend so much on withdrawals since they may lose a lot of money in the long run.
NetSpend charges you $2.50 per domestic ATM withdrawal and $4.95 per international withdrawal. When you withdraw money from an ATM in the United States, you think about $5 fee charges.
Is there a daily NetSpend loading Limit?
When depositing money on NetSpend, the most you can load via cash at any given time is $7,500 per day. The maximum you can load in 30 days is $15,000. This figure is the maximum you can have on your card at any given time.
The amount cannot exceed 15000 in 30 days regardless of the deposit method you choose, whether reloading at retailer locations, direct deposit, bank transfer, or tax refund.
For example, if you have a balance of $8000 on your NetSpend account and try to deposit $7500 into your card, NetSpend word block that transaction seems to exceed your maximum amount. They will notify you because you cannot add more than the total deposit limit.
However, you can still request a temporary spending limit increase that allows you to complete a larger transaction within a 24-hour period. Talk to a customer service representative to increase your card’s daily spending limit.
Aside from the low costs, NetSpend cardholders receive overdraft protection to spend up to $10 more than the account balance without incurring an overdraft fee. This is an important perk for people who overspend from time to time.
The Netspend Direct deposit allows you to get paid faster than a paper check.
You won’t experience any late fees or interest charges because this is not a credit card. It also doesn’t have overdraft fees on purchases using your card.
Use the Netspend mobile app to manage accounts and get email alerts regarding the overall load.
Netspend limits your spending power by capping how much money you can load onto your account or how much you can spend using your card each day.
You can deposit and withdraw money at select NetSpend reload network locations. When depositing money on Netspend, the most you can load via cash is $7,500 per day.
Its daily ATM withdrawal limit is $940, while the maximum you can withdraw from a financial institution or Netspend reload network location is $5,000.