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You might be a little disappointed to learn that there is no direct way for you to transfer money between Chime and Netspend since neither app has a button that enables you to accomplish this with a single click. However, you may still transfer funds from Netspend to Chime and vice versa by using either your bank account or PayPal as a middleman.
Chime is a financial technology firm that Christ and Ryan King founded in 2013. It functions as a separate online banking application that none of the major banks have approved.
You will obtain a debit card and an online full deposit account when you open a Chime account, allowing you to accept payments, make pre-authorized withdrawals, and transfer money between banks. However, as of late, Chime is a platform that forbids users from adding funds to their accounts using Netspend cards.
This prohibition applies to all types of prepaid cards. Although you cannot transfer money from a Netspend card to a Chime account, there are still several ways to achieve this by using a third party as a middleman.
The more you pay attention to this post, the more you will learn about Chime and how it varies from a standard bank account. I'll also give you a brief overview of prepaid cards like Netspend and explain how you may use one of these cards to indirectly transfer funds to your Chime account.
How Can I transfer Money from a Netspend Card into a Chime Account
Incompatibility between the 2 platforms can be highly unpleasant for anyone who uses the 2 platforms or who has plans to convert from one to the other. It is somewhat sad and mind-boggling to learn that there is no direct way to transfer money from your Netspend card to Chime account and vice versa.
Keep reading, though, because I'll teach you how to manipulate and move money from Netspend to Chime in a variety of ways, even if you'll need to use certain third-party platforms and apps.
What is a Netspend Card?
Prepaid debit cards like the Netspend card can be opened without the credit checks that are frequently necessary when opening a traditional checking account. These cards can be rather expensive, and using them requires either making regular payments or paying a small fee for each transaction you make.
On the positive side, getting one of these cards couldn't be easier; all you need is some basic identification and a working email account if you want to use the overdraft protection.
What is Chime?
You should choose Chime if you're looking for an app that will let you create a spending account for receiving and sending payments because it is the area on which the app is mostly focused.
You will receive a debit card when you open a Chime account because the company is independent and not connected to any well-known major banks. You can use this card to make purchases at stores and other establishments.
The fact that this platform also provides features like overdraft protection and the option to receive your paycheck up to two days early is wonderful.
Can you Transfer Money from Chime to Netspend?
Actually, there is no method to transfer money from your Netspend card to your Chime Account directly. The only banks that can send money directly into a Chime account are the ones that offer Chime-compatible applications; however, you can send money from a Netspend card to a Chime card by using intermediary third-party apps.
Now that we have reached the main purpose of this article, let me show you two ways you can transfer money from your Netspend Card to your Chime account;
Method I: Transfer from Netspend to Chime Via an External Bank
This approach is comparable to the last one, but it is slightly more challenging because it calls for the opening of an external checking account with a reputable bank. A credit check will be performed on you in order to do that. Make a note of the login details for your external bank if you decide to go with this option.
- Open Chime
- You must select the "Move money" tab.
- choose transfers
- Enter the login information for the other bank you already noted.
- Following completion of this step, you can use your external bank account to withdraw funds from your Netspend card for a fee of $4.95.
- You can send the money to chime after it's in your checking account without being charged any further fees.
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Additionally, you can take money out of your Chime savings account and use an outside bank account to transfer it to your NetSpend card. If you add money to your card in this way, NetSpend won't charge you anything.
Method II: Transfer Money From Netspend to Chime Through PayPal
This approach, which uses PayPal because it is compatible with both parties, can be referred to as the simplest way to transfer money between a Netspend Card and a Chime account (Netspend and Chime). You must first link your Netspend card to your PayPal account in order to proceed, which can be done as follows:
See also: How to Create a Fully Functional Paypal Account
- Access PayPal
- Click the "Profile" tab.
- Establish a new bank account
- To link your card with PayPal, complete the relevant fields in your Netspend account, and then withdraw the amount you want to transfer.
- You must repeat the first step in order to add your Chime as well as the monies have been sent into your PayPal account.
- You can now transfer funds directly from your PayPal balance into your Chime account once this has been completed.
Neither Chime nor PayPal will charge you for money transfers between the two services, but Netspend will charge you $4.95 for transferring money from the prepaid debit card to your PayPal account.
Is Money Transfer from Netspend to Cash App Possible
With the help of an app for your smartphone or the internet, Netspend lets you manage your card online. With a few touches on your device, you may transfer money online between Netspend card holders and from other money platforms like Cash App and PayPal.
How can I send money to Chime instantly?
Make a transfer right away. When you first contribute money to your Chime Spending Account, this option is available. All you need to do to instantly add at least $200 is link an external bank account and add your debit card information.
Closing Remarks on how to Transfer Money from Netspend to Chime
Even without the one-click option, thanks to this post, you now know two ways to move money between your NetSpend card and your Chime spending account.
The Paypal method is typically the best choice if you're short on time because it's much quicker and simpler to set up as you won't need to acquire an outside bank account.
It's easy and secure to transfer money from Netspend to Chime. Prepaid cards from Netspend are the cherry on top thanks to its dependable features that may assist you with a range of activities.
We hope that this information was useful and that you now have a complete understanding of how to transfer money from Netspend to Chime.