NetSpend offers Visa and MasterCard prepaid debit cards to our customers. With these cards, you can add, withdraw, and manage money. But we’ve all been in the situation when we’re waiting for our salary but need cash right now to buy things we need. This is where the overdraft option that many banks offer comes in handy. Whether you need to pay an emergency bill or feed your kids, an overdraft can give you the money you need without the high cost of a payday loan. However, not all credit cards allow you to overdraw at ATMs. So, you start wondering if your NetSpend card will work and can’t find answers to your questions. Find out if you can overdraft your NetSpend card at an ATM and all the info you need to know.

Does the NetSpend have an overdraft?

NetSpend card users often ask about overdrafts when they get the cards for the first time. You’re probably using your NetSpend card for the first time and don’t know about overdraft options. You should know the solution to the situation when you need more cash than you have in your account. In this case, what options does NetSpend have for its customers? 

NetSpend does have an overdraft program, and if you’re part of the NetSpend Overdraft Protection service, you can overdraft your NetSpend card at ATM. NetSpend will give you a 24-hour grace period so you don’t get hit with an overdraft fee. It’s possible to get to a positive available balance within 24 hours. Time starts from the first transaction that made the negative balance. 

NetSpend will not let you go over the amount authorized on your card if you don’t participate in the Overdraft protection. As a user, you will have to subscribe to extra overdraft protection to use this feature. If you don’t enroll, you can’t overdraw your NetSpend card. It means every cardholder cannot overdraw at an ATM. 

How do I overdraft my NetSpend card at an ATM?

You can overdraw your NetSpend card account at an ATM, but only if you’re enrolled in overdraft protection. As per NetSpend Overdraft Protection terms, a user can access overdraft funds for all transactions, including ATM transactions. However, you’ll have to return the money within 30 days or lose the NetSpend overdraft service. You’ll also have to pay a fee. MetaBank offers this overdraft protection. It’s an optional service. You won’t be able to overdraw your account in the absence of this overdraft protection. Whenever you try to spend more than what’s on your card at a shop or online or withdraw at an ATM, NetSpend will block it. You can avoid any overdraft fees by returning the money within the grace period. The grace period for NetSpend is 24 hours. It’s your responsibility to keep the same amount in your bank account to avoid the fee.

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How can I get overdraft protection on my NetSpend card?

In order to overdraw, you will need to add overdraft protection to your NetSpend account. If you want to do this, you must get your card through MetaBank and request to add overdraft protection to the account. It is mandatory for you to provide NetSepnd with a valid email address and accept all its disclosures and amended terms. You must also receive $500 or more deposits every 30 days to qualify. The overdraft protection service provides an accessible overdraft of up to $10. Remember that you will not immediately incur a $20 overdraft fee if you exceed your card amount.

However, it is not a permanent free pass. A cardholder has 24 hours to repay a negative balance before incurring an overdraft fee. In the case of an overdraft over $10, the cardholder is charged $20 per occurrence, which can be done up to five times per calendar month. Please note that this does not mean NetSpend will approve every overdraft. According to NetSpend’s terms and conditions, the company only pays overdrafts maintaining its own rules, and isn’t obligated to pay every overdraft transaction. Unauthorized transactions are charged no more than $50 when NetSpend is notified within two business days.

How can I avoid the NetSpend card overdraft protection fee?

NetSpend overdraft fee is easy to avoid if you follow the terms on their official overdraft protection site. When a user overdrafts by up to $10 in a month, there is no overdraft fee. It doesn’t matter whether it’s a single transaction or up to three. But yes, you must repay the amount within 30 days of the overdraft.

Users generally think there’s no way to avoid the overdraft fee if the amount exceeds $10, which is also the maximum for the overdraft protection service. But, luckily there’s another legal way to avoid overdraft fees. However, we researched NetSpend’s overdraft protection service terms. It says that a user can avoid overdraft fees even if the transaction exceeds $10 simply by returning the amount within the grace period. Users of NetSpend’s overdraft protection service have a grace period of 24 hours. To avoid overdrafts, you should be aware of keeping your account funded, and your total balance needs to be more than your overdraft amount.