Interested in learning whether or not Chime accepts money transfers from Netspend?
If that’s the case, you’ve landed at the right place.
Read on for a full rundown of the steps involved in making a Chime to Netspend money transfer, as well as answers to some frequently asked questions regarding the same.
Can I transfer money from Netspend to Chime?
Short Answer: Yes, you may easily transfer money from Netspend to Chime.
Netspend cards function like prepaid debit cards. There’s an account number and a routing number associated with it as well. Simply enter your Netspend account’s account and routing numbers into Chime to connect the two accounts, and you’ll be all set to begin the transfer.
Any prepaid card that allows ACH network transfers may be used to deposit money into your bank account. As ACH networks are the sole means by which financial transactions may be sent between banks, this is crucial.
However, you need not fear since, as you may already know, the ACH network serves as the foundation for Netspend transactions. That’s why it’s possible to fund your Chime account with a Netspend transfer.
How to transfer money from NetSpend to Chime
To move funds from Netspend to Chime is a breeze. After connecting your Netspend and Chime accounts, you may start the money transfer procedure from inside the Chime app.
Remember that the sum submitted from your Netspend account will be deposited into your Chime account.
In light of the above, let’s go through the exact steps you need to do to move money from Netspend to Chime:
Step1: Obtain Your Bank’s Routing Number and Account Number for NetSpend
Since Netspend is a debit card with preloaded funds, it must have a bank account and routing number. Transferring funds from a prepaid card to a bank account necessitates these digits. Remember that the number shown on the card is the debit card number and not the account number.
Get your account and routing number from your Netspend account. No account or routing numbers are shown on the physical card. This data is essential for the issuing bank account. MetaBank and Member FDIC are the two issuers that Netspend uses. One of them may be your credit card company.
For a quick lookup of your Netspend account and routing number, refer to this handy guide:
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To begin, sign in to your Netspend account.
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Next, choose Add Money/Transfer Money.
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Locate your card’s account and routing numbers.
You may go on to the next stage after you have the two number sets.
Step 2: Connect Your Netspend Account to Chime
Connecting your Netspend and Chime accounts is the next step. First, verify that your Netspend card was provided by a Chime-compatible bank. Your Netspend card was most likely issued by either MetaBank or a Member FDIC bank.
To connect your Netspend account with Chime, follow these steps:
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Open the Chime app on your phone or computer.
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Select “Settings.”
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Navigate to “Link a Bank Account” and click on it.
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When you notice Netspend, click on it.
If you don’t, you should try to find a bank that accepts the Netspend card. Both Metabank and Member FDIC are viable alternatives.
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Link your bank account with Netspend and Chime by entering your login information.
You may begin the transfer procedure after your Netspend account has been connected to Chime.
Step 3: Move funds from Netspend to Chime.
As of this moment, you should be able to transfer money between your Chime and Netspend accounts.
Money may be transferred from Netspend to Chime in the following ways:
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Launch the Chime application.
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Navigate to the Move Money menu and pick Transfers.
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Choose Netspend from the menu that opens.
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Input the amount you wish to send.
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Verify the information and commence the Netspend transfer.
If you’ve had trouble transferring funds from Netspend to your bank account and then into your Chime account, try one of the other ways listed below.
Alternative methods to transfer money from Netspend to Chime
To get the money you need, you may utilize PayPal to transfer it to your bank account. Transfer money from your Netspend card to your PayPal account. You may expect the funds to arrive in your Chime account shortly after making the payment via PayPal. You can’t use Chime unless you connect your PayPal account.
Typically, money transfers from PayPal to bank accounts take place within 24 hours, although the maximum time for a transfer is 5 days. Several alternative online payment systems exist that are functionally similar to PayPal, including Payoneer, Square, Skrill, Google Pay, and Stripe. Only the time and money required to execute the transaction are different.
There’s also the option of utilizing Western Union to move money from your Netspend account to a separate bank account. To deposit funds into a Chime bank account, send funds from your Netspend account to a Western Union account.
FAQs
1. Netspend to Chime Transfer Limits?
It’s important to be aware of the Chime transfer restrictions if you plan on sending money to your account.
You may only send up to $10,000 to your Chime spending account by ACH each day and $25,000 every month, as stated in the official Chime statement. However, there is no restriction on the total number of daily transactions.
2. How long does it take to transfer money from Chime to Netspend?
When compared to wire transfers, ACH transactions need more time to execute. Thus, transferring funds from Chime to Netspend or vice versa would need roughly three to four working days.
Furthermore, no ACH transfers are executed on weekends or holidays. If you started the money transfer on a Saturday or Sunday, you should give it at least four business days to show up in your account.
Conclusion
To facilitate efficiency in financial management, you may move funds from your Netspend account to your Chime account.
Many Chime customers will be unable to utilize Netspend. You may wish to look at an alternative means of transferring funds between Netspend and Chime in that instance.
If you were having trouble figuring out how to move money from Netspend to your Chime Account, hopefully, this article cleared it up for you.