Transferring money from your Netspend account to a bank account isn’t the easiest task, but it is doable. Find out how in this handy guide.
Unfortunately, the only way that you can transfer money from a Netspend card to a bank account is through indirect methods as the Netspend website does not allow you to do this. The easiest indirect method to use is PayPal because this is a site that a lot of people are familiar with.
When you took out your Netspend card, you might have expected it to be easy to transfer the money on this card back to your bank account.
After all, it is easy to deposit money into your Netspend account, so you probably expected it to be the same the other way around. But unfortunately, it isn’t.
In this guide, we’ll be taking a look at how to transfer money from your Netspend account to your bank accounts.
So, if you want to find out more, keep on reading.
Can you transfer money from a Netspend to a Bank Account?
No, Netspend does not offer a direct function where you can transfer money from your NetSpend account to another bank account using their website or app. This means that you can only complete this transfer through indirect methods via PayPal.
If you want to take money out of your Netspend account, and put it back into your bank account, this is possible. But, it is a lot more complicated than you might expect.
Thankfully, there are a couple of indirect methods that you can use to complete this job. That means that yes it is possible to transfer money from a Netspend card to a bank account. These indirect methods include both manual methods and online methods. So, there are a couple of ways that you can do this.
But, ultimately, yes, you can transfer money from your Netspend account to another bank account. Netspend has made this pretty difficult for you to do, but it is possible, and we’ll be taking a look at how to do this a little later on.
How long does it take to transfer money from Netspend to a Bank Account?
As you can only use indirect methods to transfer money from your Netspend account to another bank account, you probably want to have a rough idea of how long this will take.
After all, the phrase ‘indirect’ does suggest that it will take a while for the money to travel around. So, let’s take a look at how long it takes for money to be transferred between these accounts.
Well, the amount of time that it takes for you to transfer money from your Netspend card to another bank account depends on the method that you use. But, once the money has been sent to the bank account, it will usually enter the account instantly.
Of course, this is assuming that the bank that it is being deposited into is not experiencing any delays that could slow the process down.
So, even though you have to use indirect methods to transfer money from your Netspend card to a bank account, it is possible to transfer the money instantly. But, that will depend on the method that you use.
There are two methods that we would recommend for this, so let’s take a look at what they are. Starting with the slightly slower method.
How to Transfer Money from a Netspend to Bank Account?
There are two indirect methods that you can use to transfer money from a Netspend account to a bank account.
One is slightly slower than the other, but it is a lot less technical.
So, let’s begin by taking a look at that one first.
1. Use an ATM
The first method does involve some manual labor, and it will require you to leave the house. But, it is much less technical than the other methods, so it is perfect if you aren’t very tech-savvy.
To use this method, you will first need to visit an ATM where you can use your Netspend card. When you get to the ATM, you should draw out the amount of money that you want to transfer from your Netspend account.
Then you should visit your bank, and deposit the money into your bank account. Most banks will process cash deposits instantly, so as soon as you do this, you will be able to access the money in your bank account.
You can then use your own bank account to transfer the money to whomever you wish. You will usually be able to do this either via online banking, your banking app or through the bank itself.
This is quite a tedious process, but it is one of the easier methods for transferring money to a bank account from a Netspend account.
2. Use PayPal
Alternatively, if you are a little more tech-savvy, then you can use PayPal to transfer the money from your Netspend account to a bank account.
This is possible because Netspend is compatible with PayPal, so all you have to do is log in to your PayPal account, and then connect it to your Netspend account.
Once you have linked this card, it will go through an authentication process, and then you will be able to use it on PayPal.
After your card has been linked, you will be able to see the funds on your Netspend card reflected in your PayPal balance. So, the next thing that you need to do is link the bank account that you want to transfer money to.
In order to do this, simply click on ‘Link a bank account’ then follow the steps when prompted by PayPal.
After you have done this, you will then be able to transfer money between your Netspend card and that account. Any transfers will be made instantly, as long as the bank is operating as normal.
In short, transferring money from a Netspend account to a regular bank account is not easy.
This is because Netspend does not offer this feature, so all money has to be transferred indirectly. You can do this using either an ATM and a physical bank, or through PayPal.
We have taken a look at both methods of doing this in this guide, so to find out more, check out the guide above.