You can cancel your Netspend card by calling Netspend directly at 1-866-387-7363 and requesting to close your account. Alternatively, spend the money from your card and drain your account as when a Netspend card is emptied, the company will immediately close the account.
If you no longer use your Netspend card and want to cancel it, you are probably wondering how to do this. Check out this guide to find out how.
Thankfully, canceling a Netspend Card is a lot easier than you might expect. To do this, all you need to do is ring up Netspend Customer Service on 1-866-387-7363 and request to cancel your card. Then they will do all the work for you.
To close your NetSpend account:
- Step 1: Call 1-866-387-7363
- Step 2: When prompted for your social, hit #0 over and over until it forwards you to a hold for the next representative
- Step 3: Select the option for ‘all other inquiries’
- Step 4: When you get a person, request that they:
- Close the account
- Issue a refund by mail for anything left
- Block the card
- Step 8: Ask to not issue any more cards
But before you do this, you might want to find out more about the process of canceling your Netspend card in order to decide if this is right for you.
In this handy guide, we’ll be discussing everything that you need to know about canceling your Netspend card. So to find out more, keep on reading.
What is a Netspend Card?
Firstly, let’s take a quick look at what a Netspend Card is. As you probably already know, a Netspend card is a type of prepaid debit card. Due to this fact, a lot of people get a Netspend card confused with a credit card, but it isn’t.
A Netspend card is not a credit card in any way because you are not using credit when you use a Netspend card. Instead, you are using a card that you have already put money on to fund your spend.
So, you put money onto the card which you will then use at a later date.
Netspend were leaders in the field when they first started releasing prepaid debit cards in the late 1990s, and they now offer a number of different cards.
These include prepaid Mastercard debit cards, prepaid VISA debit cards, and prepaid commercial debit cards too. Netspend grew massively in popularity because they were a safer alternative to credit cards. With a Netspend card, you can only use the money that you personally have loaded onto that card.
So, you don’t have to worry about things such as overdrafts. Instead, when the balance on the card hits zero, you won’t be able to spend any more money.
When they were first introduced, a lot of people were confused by the concept of Netspend cards. But, once you understand how they work, you can really see how great these cards could be.
Why Might you Cancel a Netspend Card?
The thing with Netspend cards is that they are something that you might use regularly for a little while, then not use for a long time. If you currently own a Netspend card but haven’t used it for a long time, then you might find yourself questioning if it is worth canceling your card.
So, let’s take a look at some reasons why you might cancel your Netspend card.
Well, the main reason why you might decide to cancel your Netspend card is the lack of use. This could be because you have previously used this card frequently but now find yourself using it rarely.
If you have money left in your account, then it is likely that you will want to close the account if it isn’t being used. This is because closing the account will give you access to the cash once more.
You may also choose to cancel your Netspend card if you want to reduce the number of cards that you have. In modern society, a lot of people have multiple bank accounts, and often a couple of credit cards too.
So, if you want to cut back the number of cards that you have, it is understandable that you might want to cancel your Netspend card too. But how do you do this? Let’s take a look.
How to Cancel a Netspend Card?
Once you have made the decision to cancel your Netspend card, it is likely that you will be eager to find out how to do this.
As we said earlier, one of the best ways to cancel your Netspend card is by simply contacting the Netspend Customer Services department, but this isn’t the only way to do this.
So, let’s take a look at some of the easiest ways to cancel your Netspend card.
1. Cancel by Contacting Customer Support
The first way that you can cancel your Netspend card is by contacting their customer service team directly on 1-866-387-7363. Once you have got through to an agent, simply express your interest in canceling your card, and they will have to cancel it for you.
This is often the easiest way to cancel your card, but it will take some willpower to get it done. That is because the customer services department at Netspend also acts as a sales department, so you might find that instead of canceling your card, they try to get you to stick around with lots of incentives.
That is why you will have to be determined if you want to cancel your account.
2. Cancel by Requesting a Check
Alternatively, you can cancel your Netspend card by requesting a check. If you request a check that totals the entire balance of your Netspend card, then the account will be automatically closed as soon as the check is cashed. This seems like a pretty easy way to cancel your card, and in reality, it is.
But, it is worth noting that this is not a quick method. Netspend has a lead time of around 4 weeks on checks, so you will have to wait to receive your check. You can apply for one through the Netspend online account center.
Finally, you could cancel your Netspend card by draining the account. Like we have just said, when a Netspend card is emptied, the company will immediately close the account.
So, if you want to close your Netspend account, you could simply visit an ATM and draw out the total balance of your Netspend card.
This is a pretty easy method to do, but it is worth noting that you will lose some of your balance in the process as there is a withdrawal fee associated with Netspend.
In short, canceling your Netspend card is actually pretty easy.
You can either do this by requesting a check to drain your account, draining your account at an ATM, or contacting Netspend Customer Services on 1-866-387-7363.
If you use any of these methods then you will be able to cancel your Netspend card and close the account permanently.