Best Card for People Who Don’t Have a Checking Account

NetSpend Prepaid Visa Debit Card
  • Convenient anytime alerts let you know when you receive money
  • Clears direct deposits up to 48 hours faster than regular banks
  • Purchase cushion spots you up to $10 when you’re short on funds
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Card attributes
  • Variable APR
    n/a
  • Cash Advance APR
    n/a
  • Rewards Rate
    n/a
  • Annual Fee
    Varies by account type
  • Intro APR
    n/a
  • Bonus Offers
    n/a
Featured in

  • Offers a high rate on its savings account
  • Gives you several options for free loads
  • Wide ATM network
  • The card either charges a high monthly fee or fees on every purchase you make
  • Charges an inactivity fee if you don't use the card at least once every 90 days
  • Charges for cash reloads
Details

How to get one: You can buy a NetSpend prepaid Visa for $4.95 at Walmart or CVS, but it’s free to order a card directly from NetSpend. If you order a card online, expect it to arrive in approximately 7 to 10 business days.

Who accepts it: NetSpend prepaid cards work at retailers who accept Visa debit cards. You can use it to shop online, pay bills, or buy things from a regular store. It’s also popular with employers who want to eliminate paper checks; numerous payroll departments recommend these cards to employees who don’t have bank accounts.

We first learned about NetSpend cards on I Got My Refund, a popular website that discusses when tax refunds arrive. Many IGMR members swear by NetSpend cards because they typically receive their federal refunds faster than other filers.

Features: The Bluebird card is the closest thing to a regular checking account on our list of the best prepaid cards. However, we voted the Bluebird as the all-around best prepaid debit card, so we’re awarding the honor of “Best Card for People Who Don’t Have a Checking Account” to NetSpend. NetSpend offers a purchase cushion of up to $10, but it also offers overdraft protection - a feature that is rarely found in prepaid debit cards. Overdraft fees are just $15 per transaction, and NetSpend generally covers up to $100.

Fees: The fees vary for NetSpend cardholders depending on which account option you choose. We like the Pay-As-You-Go Plan, but other folks may prefer to pay the $5.95 or $9.95 monthly fees for premier accounts. Expect to spend $2.50 to withdraw money from an ATM. If you want to avoid fees for withdrawing your funds, you can make free transfers to a PayPal account or regular bank account.

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