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Savings Account with Netspend

Joined
Jan 27, 2006
Location
USA
Has anyone seen this or is using it?

They give you a 5.00% interest on your money.

I read through it real quick, seems like a good idea. Say I load my Netspend with $100, I could put $5-$10 into the savings.

Any thoughts?
 
Has anyone seen this or is using it?

They give you a 5.00% interest on your money.

I read through it real quick, seems like a good idea. Say I load my Netspend with $100, I could put $5-$10 into the savings.

Any thoughts?

everytime you load your card it costs a few bucks. if you use the atm to take the money out it costs a few bucks. the interest would be a wash. use netspend for what it is...a way to finance online gaming. i would not trust them with any of my savings...
 
Well this could also turn out to be a really good deal. If you load your cards at Murphy's. The fee is $1.96. So then let's say you throw the $10 per load you do. Let's say it's $20 a month. Assuming that your not load crazy. It's $240 per year that you throw in that savings account. Now while we realize that your not truly going to earn a true 5% on that balance the first year. You'll earn significantly less than the 5%. The next year you'll have earned at least $12 on that balance, plus whatever little interest you earned on what you threw onto there for that year. Now am I calling it the greatest savings account out there possible considering the fees to load it? Hell no, but if you actually use it for direct deposit. It's a pretty awesome deal if you ask me. It pays way better than your average mom and pop bank. Also I would trust my money with them because they are FDIC insured up to the $250,000 mark. So your money would be safe. Just the only downfall that could happen is if Netspend starts cracking down on online gambling and shuts accounts down due to your violating the terms of there agreement. Well if that's the case since they opted to become an FDIC insured card issuer. Your money would still be safe, you'd just probably get a check for the remaining balance on your card plus the savings. Then you can go invest it elsewhere. If you don't get said check just file a complaint with the FDIC and they'll get your money for you.
Also regarding the withdrawal fee. A good way to go around that fee is the take your money out at the point of purchase at a place like Wal-Mart. Find a little doo dad back in the hardware dept or some cheap pack of gum. As long as the most you need is $100 you should be fine. Otherwise making an everyday purchase with it works too.
 
netspend savings

I looked at Netspend savings. What I didn't like is that in order to take money out of savings you must first transfer the money to your visa card and then use an atm or buy something. But you are limited to 6 transfers per month. It might be a good deal for some, I don't think I will try it.
 
FDICA = GOVERMENT access to all records in there portfolio so many processer's delivering winning [if it works that way ] will be privy to any
government regulators

please correct me if I'm wrong
 
FDICA = GOVERMENT access to all records in there portfolio so many processer's delivering winning [if it works that way ] will be privy to any
government regulators

please correct me if I'm wrong

Actually NETSPEND is not solely based US... So there may be no US involvement.

Never had netspend send me documents for taxes.
 
I have used NetSpend for over 5 years. I know them like a dead-beat uncle. Load your card, deposit, play, repeat as necessary. I would strongly suggest that you move whatever money you load on to your NetSpend Card to where ever you intended to use it, asap.

One more suggestion: never load your NS card via Western Union or any method whereby anyone handles your card un less it's at an Ace Cash Express store (the checkcashing/payday loan chain that owns NetSpend). If you gotta hand anyone else your card to load it, like a clerk at Rite-Aid, find another way to load your card. MoneyGram is cool. Those red phones in CVS or Albertson's/Safeway Markets.

Just suggestions.
 
I have used NetSpend for over 5 years. I know them like a dead-beat uncle. Load your card, deposit, play, repeat as necessary. I would strongly suggest that you move whatever money you load on to your NetSpend Card to where ever you intended to use it, asap.

One more suggestion: never load your NS card via Western Union or any method whereby anyone handles your card un less it's at an Ace Cash Express store (the checkcashing/payday loan chain that owns NetSpend). If you gotta hand anyone else your card to load it, like a clerk at Rite-Aid, find another way to load your card. MoneyGram is cool. Those red phones in CVS or Albertson's/Safeway Markets.

Just suggestions.

Just because you had a bad experience with a rogue employee of Rite Aid doesn't mean they're all bad...:)

I've been using RA for over a year to load my card via WU and have never had any problems.
 
Just because you had a bad experience with a rogue employee of Rite Aid doesn't mean they're all bad...:)

I've been using RA for over a year to load my card via WU and have never had any problems.

Great! Keep it up! Keep handing strangers your card when you could just as easily load it via swipe or through MoneyGram.

And I would really like to know, exactly, what I did that caused you think that I would be in the least bit interested to know what you do with your NS card, in the first place? I had thought that I had merely posted a reply, in the form of a suggestion, to just play's op.

What is it that causes you to show up like this, out of the blue, and post these off the wall replies directed at me? When I wrote "you" in my previous post, I didn't literally mean you, winbig, even though it might have seemed that way when you read it if no one else was around at the time. Anybody reading "you" might possibly have been mistaken that I was singling them out, as well, but "you" are the only one who seems to take it that way, feeling compelled to "counter - atttack" or whatever it is you are doing.

winbig: I don't want "you" to do anything I have ever suggested that anyone do about anything. Ever. We cool now?

Honest, winbig, I swear to God: I wasn't even thinking of you when I wrote that post. Honest Injun!

But since you just happened to mention it, winbig, FYI: My "bad experience with a rogue Rite-Aid employee", who, upon investigation by the Riverside Sheriff's Department, turned out to be one of many rogue Rite -Aid employees scattered throughout The Palm Springs area as well as other Riverside Municipalities who, collectively, to date, after being approached by thieves and offered fee's for collecting cardholder info, have ripped off approximately 1000 Western Union customers either associated with NetSpend or other companies with similar vulnerabilities who are also partnered with Western Union, similarly as is NetSpend.

This investigation came at the urging of Darryl Clukey, Vice President, Customer Service, NetSpend Corporation to whom I escalated my dispute when the normal Netspend brush off didn't take, in my case.

Mr. Clukey had emailed me, first to express his dissatisfaction with how my dispute had been mis-handled, then to ask me if I would consider re-contacting the Sheriff's Department, while he also contacted them from his end, as it had been several weeks since I filed the online police report without a reply.

The result was the above mentioned investigation led by Detective Cecilia Ellis of the Riverside Sheriff's Department.

Mr. Clukey also asked if he could have NetSpend's Director of Call Center Services, Barbara Core, phone me to resolve my dispute and to try to ascertain what went wrong. As a result of her telephone call the next morning, NetSpend has since changed several points of criteria for handling customer reloads to help avoid future situations, just in case someone else just has "a bad experience with a rogue employee of Rite Aid."
 
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Whatever, dude. Not everyone is out to get you.

Let's face it, it's either your way or the highway as far as you're concerned. Every time someone posts anything that you don't agree with, you go off on them. Get over yourself.

I posted my experiences in regards to Rite Aid, and it's up to the posters to decide whether or not to load via WU or not.


Not every person on this planet is evil and out to get you.

But anyways, it's obvious that we will never get along, so I'm through with you and replying to any of your posts.

And FYI, how was I supposed to know that NS was investigating this and uncovered a ring of thieves? You never posted anything about what happened? :rolleyes:
 

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