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Does a netspend card charge overdraft fees?
I just ordered a netspend card. From my understanding, it is a secured credit card (a visa, much like a debit, where your own money is put on the card, but it helps build up your credit.) If you don”t have enough money in your account for your purchase, will it stop at 0 (such as a gift card) or will it overdraw (such as a debit card)? If it will overdraw, how much is the fee?
...asked on November 19th, 2012 @ 7:40 am in Credit Card - PrePaid
I just applied for a netspend visa too, and from what I understand, no. It does not overdraw. At the register of the store, you’ll have to pay the rest in cash, like a gift card, or you can’t buy the thing you were trying to buy.
...answered by Sparky Rock on November 19, 2012 @ 8:32 am
I’m not sure if the Netspend cards charge you an overdraft fee or not, however, most prepaid debit card companies will charge you a fee for everything. The best alternative I’ve been able to find for rebuilding credit is Probity Financial Services. They have a checking account that doesn’t charge any overdraft fees and it’s designed as a second chance checking account. Their website is here http://probityfinancialservices.com/second-chance-checking/
...answered by Bryan F on November 19, 2012 @ 8:40 am