Author Topic: How do you use your NetSpend account?  (Read 1745 times)

tetlee

  • 5 O'Clock Shadow
  • *
  • Posts: 42
  • Location: Tempe, AZ
How do you use your NetSpend account?
« on: February 03, 2016, 01:50:43 PM »
The 5% interest is obviously the attraction, however withdrawing via all available means appears to have a cost associated with it.

So I'm wondering how you use the account and minimise costs?

tj

  • Handlebar Stache
  • *****
  • Posts: 1249
  • Age: 34
  • Location: Maui
    • Arcadia Power
Re: How do you use your NetSpend account?
« Reply #1 on: February 04, 2016, 08:57:57 AM »
The 5% interest is obviously the attraction, however withdrawing via all available means appears to have a cost associated with it.

So I'm wondering how you use the account and minimise costs?


Why would there be any costs to withdraw? Just ACH out the way you ACH'd it in.

Rubic

  • Handlebar Stache
  • *****
  • Posts: 1072
Re: How do you use your NetSpend account?
« Reply #2 on: February 04, 2016, 01:45:31 PM »
The 5% interest is obviously the attraction, however withdrawing via all available means appears to have a cost associated with it.

So I'm wondering how you use the account and minimise costs?

Every other month I do an automated $5 ACH transfer to each of my NetSpend accounts, so there are no fees.

tetlee

  • 5 O'Clock Shadow
  • *
  • Posts: 42
  • Location: Tempe, AZ
Re: How do you use your NetSpend account?
« Reply #3 on: February 04, 2016, 03:49:24 PM »
The 5% interest is obviously the attraction, however withdrawing via all available means appears to have a cost associated with it.

So I'm wondering how you use the account and minimise costs?

Why would there be any costs to withdraw? Just ACH out the way you ACH'd it in.

On the NetSpend website I dont see an option to ACH out - Could you point me to it?

tj

  • Handlebar Stache
  • *****
  • Posts: 1249
  • Age: 34
  • Location: Maui
    • Arcadia Power
Re: How do you use your NetSpend account?
« Reply #4 on: February 04, 2016, 06:23:12 PM »
The 5% interest is obviously the attraction, however withdrawing via all available means appears to have a cost associated with it.

So I'm wondering how you use the account and minimise costs?

Why would there be any costs to withdraw? Just ACH out the way you ACH'd it in.

On the NetSpend website I dont see an option to ACH out - Could you point me to it?

ACH it out from your bank.

Rosy

  • Handlebar Stache
  • *****
  • Posts: 2094
  • Location: Florida
Re: How do you use your NetSpend account?
« Reply #5 on: February 04, 2016, 06:28:18 PM »
Have a look at this post  http://www.doctorofcredit.com/netspend-5-savings-accounts-on-up-to-5000/ 
on the doctorofcredit blog - he details it all in the fine print, plus in the comments you can read up on which ACH pull worked for others. Looks like not all banks play nice with prepaid accounts.