Why I Finally Signed Up for Netspend Account, and You Should Too

I’m almost embarrassed to write this post because this is something I should have done months ago. But better late than never, right? So, let’s cut right to the chase. Why should you open a prepaid Netspend account (similar to Serve) ? A few reasons:

  1. It’s a gateway to opening a savings account that pays 5% return on up to $5,000. It’s a perfect place to stash your emergency fund, and you DON’T have to make a certain number of transactions per month in order to receive  this payout. There is  inactivity fee, but you can avoid it by purchasing 0.50 Amazon gift card every 90 days. Very easy, no-hassle option for busy families.
  2. You get $20 upfront when you load $40 on this card, and the person who referred you gets the same bonus (more on that later). You can leave it at that or proceed with the previously mentioned option (and you should).
  3. There is no hard credit pull and the initial set-up process only takes few minutes. There is also no fee.

So, I finally pulled the trigger on this one, and it was extremely simple. Here is the page you go to to begin with:


After creating account, here is what log-in page looks like:

netspend log-in

My initial impression is that it’s created for IT simpletons like myself. And that’s a good thing!  Chuck at DoC  has written an excellent guide to opening a Netspend account, so I suggest you head on over and read all the details. Do it first before starting the whole thing to make sure you follow the steps correctly.

I suggest you use Chuck’s referral link if you decide to enroll. He didn’t ask me to include it, but I feel it’s the right thing to do since he probably spent several hours on that post and all the research that went with it. Like I said, there is no credit pull and you don’t even have to provide SSN or date of birth. At the very least, it’s an easy way to make $20 for maybe a total of 15 minutes of work. I got an account for myself as well as my husband. Hopefully, this will let us stash away $10,000 and earn a terrific rate.

I don’t yet know how smoothly the whole process will go, but so far so good. Will keep you updated. The reason I wanted to write this post now is because deals like this tend to die eventually, so the sooner you get the ball rolling, the more chance you have at being grandfathered. Getting 5% return on a liquid savings account is nothing to sneeze at.

See my update on getting this account.

Click here to view various credit cards and available sign-up bonuses


Author: Leana

Leana is the founder of Miles For Family. She enjoys beach vacations and visiting her family in Europe. Originally from Belarus, Leana resides in central Florida with her husband and two children.

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8 thoughts on “Why I Finally Signed Up for Netspend Account, and You Should Too

  1. Did you have any trouble signing up your husband? I signed myself up then I tried signing my wife up and it keeps saying you have already signed up for an account you should receive a card in 7-10 days. Of course we have the same address,but different E-mail and names

    • @Rich Actually, the same thing happened to me too. I thought it was just a glitch, but I guess not. I went ahead and changed the address to his parents’ for now. I’m not recommending you do it, I just figured that was an easy temporary fix. Some of my husband’s mail still goes to his folks, and he spends so much time there that it is like his second home!
      Figured when we get the card, we’ll call and swap it. I didn’t see any restriction as to having one account per household. Should probably take a closer look. We may end up having just one account, which is fine.

      • Update: I finally received my card. My initial funding was $500, which triggered the $20 bonus and upgraded me to the premier account. I then transferred $4500 from my bank account. Once that was received I transferred $5000 from the debit card to the savings account. I’m on my way to earning 5%!

        After I did all this I tried again to sign my wife up using the same address, different email and name and this time it worked. So, my wife’s card is on the way and both of us will be earning an easy 5%. Thanks for the info and writing about it.

    • Rich, very happy to hear that everything worked out for you! Nicely done. I wish I could say the same for me. They asked me to mail in all kinds of info, so I’m debating on whether to follow up.

  2. Pingback: An Update on My Netspend Account | Miles For Family

  3. Pingback: An Update on My Netspend Account | Miles For Family

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