My Experience With Netspend
Netspend Prepaid Card - Compliment
LOS ANGELES, CALIFORNIA -- Ok just wanted to say a couple things. First of all Netspend card is a prepaid Credit card. It has the added features of a checking account so that you may setup direct deposit if you like. But it is still just a prepaid card. There are fees associated with the use of a prepaid credit card... reloading, use, ATM access, etc. Think of it like this obviously people like me or you who have a Netspend card most likely have credit and/or money problems otherwise you would not need to have a prepaid Card. So I am truly sorry to anyone who has had a bad experience with them but it is your own responsibility to keep track of your spending.
My advice is to keep track of your balance and account for any active cards. Netspend and Metabank are legitimate companies and I really doubt their employees are going around spending their customers money. Me personally had a horrible experience with BofA when I opened up a checking account just for direct deposit... apparently every thing went through just fine and my direct deposit was processed. On the day before pay day I went to check status of my account. Turns out my account was flagged as high risk and they closed it without my knowledge.
When I called them they told me they would mail me a cashier's check for the balance. Now the big problem was my boss has already submitted Payroll and the money was already deducted from her account. Bank of America and Inuit payroll stated that it could be up to two weeks before the money would credit back to my bosses account. I had a Netspend account that I didn't use very much so since I needed the money desperately my boss setup direct deposit with my Netspend account. I was skeptical at first but didn't have much choice as I needed the money ASAP and my work only paid through direct deposit. Unbelievable but the day my boss submitted my payroll... that night exactly at midnight my funds posted and were immediately available.
So more than a year later my credit has greatly improved but I still prefer my Netspend card over a regular bank. Thank you Netspend for helping me out of my jam. You made a loyal customer out of me. My only complaint would be the ATM fees but I guess that is to be expected :-D