NetSpend Visa Prepaid Debit Card, Pay-As-You-Go Plan (by MetaBank)

Bankrate’s 2015 Prepaid Debit Card Survey offers a rundown of the card’s many variables, including fees, restrictions and factors that may affect a consumer’s decision in choosing a prepaid debit card. The NetSpend Visa Prepaid Debit Card, Pay-As-You-Go Plan (by MetaBank) card has no monthly maintenance fee, but charges a $2 fee for point-of-sale transactions.

NetSpend Visa Prepaid Debit Card, Pay-As-You-Go Plan

Are funds FDIC-insured? Yes
Monthly maintenance fee $0
Can the monthly fee be avoided? N/A
Card activation fee $0
Reload fee via direct deposit $0
ATM withdrawal fee (issuer’s ATM) $2.50
Nonissuer’s ATM withdrawal fee, not including any bank fees $2.50
ATM balance inquiry $0.50
Fees for point-of-sale transaction  $2
Fees for signature transaction $1
Paper statement fee $5.95
Paper statement at ATM N/A
Bill payment fee $0
Fee for customer service by phone $0.50 per balance inquiry; $4.95 for account-to-account cash transfer
Declined transaction fee $1 for ATM or automated clearinghouse decline
Purchase overdraft available? Yes (case-by-case basis)
Cost of purchase overdraft $15
Inactivity fee $5.95
Notes: FeeAdvantage charge is $9.95 per month. There is no POS fees. Premier FeeAdvantage charge is $5 per month. Direct deposit of $500 is required, but there is no POS fees. There is a fee of $5.95 per month after 90 days of inactivity (does not apply to Connecticut and New Jersey customers). Overdraft is available on case-by-case basis.

Bankrate.com surveyed 31 prepaid debit card offers Feb. 2-10, 2015. These are the resulting fees, restrictions and other card provisions.

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