Many loans need a old-fashioned banking account, you can find short-term loan providers that provide loans for Netspend cardholders, and also you don’t need to have a banking account to qualify. Bear in mind, these loans are usually high-interest, high-fee choices, that ought to simply be found in a economic crisis. Below, we now have extra information about loans for Netspend cardholders, including which loan providers do and never disburse funds onto Netspend cards, in addition to a alternate solution to get loan funds to your Netspend account.
Loans for Netspend Cardholders
Netspend provides reloadable, prepaid Mastercard and Visa debit cards that cardholders may use for extra solutions like direct deposits and mobile deposits. While Netspend and its own issuing bank, MetaBanks, never provide loans for cardholders, Netspend representatives told us as you would with a traditional bank account, since your Netspend account has a routing number and account number associated with it that you can deposit loan funds onto your Netspend card. But, to deposit loan funds on to your Netspend card, you have to look for a loan provider that is happy to disburse to prepaid debit cards.