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Is NetSpend safe? They ask my SSN to activate my prepaid card.

Is NetSpend safe? They ask my SSN to activate my prepaid card.

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Comment by Free Stown on July 21, 2020 at 4:22am

NetSpend is a legitimate company but their debit card comes with a lot of fees. Read the fine print. Their target customer is someone who doesn't qualify for a regular bank account. You can probably find something better with lower fees.

Comment by Frank smith on July 21, 2020 at 4:43am

Well, let me explain that NetSpend offers prepaid cards that require no minimum balance or credit check. The main principle is simple – you deposit money on the card and use it for your daily payments until it reaches a zero balance. When you no longer have deposited money left, you can either load it once again or simply get rid of it. Luckily for users, the transactions are insured by the Federal Deposit Insurance Corporation (FDIC) up to the NetSpend balance limit. Read carefully this article about netspend balance https://debtquest.com/how-does-a-netspend-card-work/ 

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