The NetSpend Visa prepaid debit card is offered by none other than NetSpend, one of the leading financial players in the prepaid arena. The NetSpend Prepaid Visa Premier Fee Advantage is a robust prepaid financial tool geared toward customers that get a lot of use out of their prepaid card. The NetSpend prepaid product line also comes in a “Pay as You Go” plan and a “Fee Advantage” plan. The Premier plan gives card holders extra benefits when using direct deposit.
Review of the NetSpend Prepaid Visa Debit Card (Premier Fee Advantage Version – with Direct Deposit)
If you are looking for security and flexibility, NetSpend could be the card for you. The Better Business Bureau gives NetSpend a high grade for customer satisfaction. You will also benefit from the wide variety of load and reload options for your prepaid NetSpend Visa. NetSpend is proud of their prepaid debit Visa card and here are some of the great features that come with the Premier Fee option:
- 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 Visa
NetSpend Premier Fee Advantage Visa Fee Examples
Want to know how much the NetSpend Premier Fee Advantage Visa might cost you to use in a typical month? We have crunched the numbers for you! We also show how NetSpend Premier Fee Advantage Visastacks 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 Visa*
||ATM Balance Inquiry:||$0.50
The NetSpend prepaid Visa with the "Premier Fee Advantage" plan has a very simple fee structure. You pay for ATM transactions and a monthly fee. Point of sale PIN and signature debit transactions are FREE.
* 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 Visa 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 Visa 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" Visa card, have fees that can be avoided with careful use.
Tips for Using The NetSpend Prepaid Visa Debit Card (Premier Fee Advantage Version – with Direct Deposit)