NetSpend is considered one of the country’s largest and fastest-growing Prepaid Debit Card processors and marketers. It’s no surprise that the NetSpend Prepaid MasterCard is a top-of-the-line network-branded card recognized by thousands of merchants worldwide. NetSpend currently offers the MasterCard in three versions: a Pay as You Go plan, a Fee Advantage plan, and their Premier Fee Advantage plan (reviewed here), which requires direct deposit.
Review of the NetSpend MasterCard Prepaid Card (Premier Fee Advantage Version – with Direct Deposit)
Sometimes you just need to go with the leader (particularly when it comes to your finances). Your money is safe with NetSpend through Mastercard’s Zero Liability protection plan, as well as all accounts insured by the FDIC. Bank with confidence. NetSpend Corporation is Better Business Bureau accredited. Find out why millions of people continue to choose NetSpend MasterCard. Check out some of the most popular features of the NetSpend prepaid debit MasterCard:
- 100% Approval – No credit check needed (ID verification required).
- Get your paycheck, government benefits and tax refund faster with free direct deposit
- New – Get rewarded with NetSpend Payback RewardTM options.
- Real-time account activity alerts to your mobile phone.
- Funds are FDIC insured up to the current coverage limit (ID verification required).
How We Rated the NetSpend Premier Fee Advantage MasterCard
NetSpend Premier Fee Advantage MasterCard Fee Examples
Want to know how much the NetSpend Premier Fee Advantage MasterCard might cost you to use in a typical month? We have crunched the numbers for you! We also show how NetSpend Premier Fee Advantage MasterCardstacks up against some common alternatives so you can see if you would save money using this card. Please remember -- cost should NOT be the only reason why you pick a card -- make sure to consider the card's features (some cards have more features than a typical bank account).
To see different scenarios, change the following variables.
Note: * Based on a U.S. Average check cashing rate of 4.54% (per the Brookings Institution),
**Using the Money Order fees from the U.S. Post Office (Some of the lowest available),
*** We assume that 1/2 of your in-store purchases will be made using your PIN,
****A LARGE portion of Americans experience at least 1 overdraft each Month. Also note that the Check Casher CANNOT buy items online, and must use cash for all purchases.
Fees Associated With The NetSpend Premier Fee Advantage MasterCard*
||ATM Balance Inquiry:||$0.50
The NetSpend prepaid MasterCard with the "Premier Fee Advantage" plan has a very simple fee structure. You pay for each transaction, including point of sale PIN and signature debit transactions.
* Fees verified as of 01/18/2011. Check the Current Terms & Conditions for a list of all the fees.
** Some ATM operators may charge a fee for use of their ATMs in addition to this fee.
*** To use your NetSpend Premier Fee Advantage MasterCard in a "signature" transaction, select "Credit" when checking out at a brick and mortar merchant. Most internet transactions are automatically processed as "signature" transactions.
NetSpend Premier Fee Advantage MasterCard Card Options
The NetSpend line of cards comes in a variety of options, including the "Pay as You Go" plan, the "Fee Advantage" plan, and the "Premier Fee Advantage" plan. NetSpend issues both Visa and MasterCard debit cards in each of these plans.
Here are GetDebit’s “Low Fee Tips” for this Card
Many prepaid cards, including the NetSpend "Premier Fee Advantage" MasterCard, have fees that can be avoided with careful use.
Tips for Using The NetSpend MasterCard Prepaid Card (Premier Fee Advantage Version – with Direct Deposit)