Check deposits are a common way to fund prepaid cards. Here are six different ways on how you can deposit personal checks to your prepaid card account.
The add money to netspend card from bank account is a way on how to deposit personal check to prepaid card. There are 6 different ways that can be used.
Everyone enjoys getting compensated. When you get paid by check, though, you must find a method to spend the money. When it comes to prepaid cards, the most common question is how to deposit a personal check into one. Prepaid card loading may be very costly. It shouldn’t, however, be prohibitively expensive.
Thankfully, there are many methods for loading prepaid cards from personal checks that are both free and low-cost. They may be used for any kind of credit card, including student credit cards with no credit history. Among them are the following:
How to Make a Deposit on a Prepaid Card Using a Personal Check
1. Making a direct deposit
If you want to transfer money from your checking account to a prepaid card online, direct deposit is an excellent choice. It is preferred by people who get payroll checks, tax refund checks, and users who receive tax refund checks. Almost all prepaid cards provide this feature for free. Users have two days to access their money.
Direct deposit, as the name indicates, means you’ll get your money online rather than via paper check. To utilize this option, you must submit the following information to an employer:
- Network of Benefits
- routing number on a credit card
- Account number for you personally
All of this is available via the prepaid card’s app or online.
Some prepaid cards, such as the BBVA Compass ClearSpend Visa and the Walmart MoneyCard, enable customers to utilize direct deposits without having to pay a monthly charge. As a result, it is a comparatively low-cost alternative.
2. Making Use of a Mobile App
Users may upload their personal checks to their prepaid cards using most prepaid cards’ mobile applications. You should perform the following to do this:
- Sign the reverse of the cheque and indicate that it is for a mobile deposit immediately below the signature.
- Sign into your prepaid mobile app, input the amount to be verified, then photograph both sides of the check before uploading it.
Mobile check deposits take longer to complete than direct deposits. The Netspend Visa Prepaid Card, for example, takes around 10 days to complete a transaction. However, if you need money right once, you may have to pay up to 4% in processing costs.
With this in mind, if you regularly deposit checks or need quick access to funds, sponsored cards like the Chase Liquid Prepaid Card are a good choice. Despite the fact that they are restricted to service regions, they process check deposits more quickly.
3. Transfer money from your bank account to your prepaid card
The majority of individuals who use prepaid cards have a bank account. Furthermore, you may not want the whole amount of the cheque transferred to prepaid cards. This technique is ideal for depositing a personal cheque to a prepaid card in such circumstances. To load money onto your prepaid card, a bank transfer is usually the simplest and most cost-effective method. It should be noted that this requires consumers to deposit a check into an online prepaid card.
All prepaid cards are eligible for free bank money transfers, which may be done online. Setting up the whole procedure, on the other hand, may be difficult and needs consumers to follow a few stages. Cheque out the procedures below to deposit a personal check into a prepaid card through bank transfer:
- Find the account number and routing number for the card.
You should start by obtaining the card’s bank account number and routing information. It’s worth noting that the issuing banks and card issuers for every prepaid cards are different. For example, the MetaBank offers Netspend Visa, which is insured by the Federal Deposit Insurance Corporation (FDIC) (Federal Deposit Insurance Corporation).
The account numbers, which differ from the number on the prepaid card’s front, uniquely identify the prepaid card. Routing numbers, on the other hand, are used to identify the bank that issued the prepaid card. It is quite easy to get such information regarding your prepaid card.
For example, using Netspend, all you have to do is connect into your account and click the “link to contribute money button.” The issuing bank, routing number, and account number of your prepaid card may all be found in this button dropdown menu.
- Connect a Prepaid Card to a Bank Account
To transfer money from your bank to another account, you must first create a separate external account from your bank. The setup stages may differ from one bank to the next, but the procedure is the identical. Users must connect into their bank accounts, go to the transfer money option, and fill out the “create up external account” option, according to standard processes.
Create an external account using the bank number, account number, and routing number of the prepaid card. If you have any difficulties setting this up, you may contact your bank for assistance.
All banks ask customers to validate their accounts by making modest test deposits before sending money to their prepaid cards. This is to ensure that the external account has been properly connected and that money from your bank account may be received into the prepaid account. If the test deposits are successful, you should be able to transfer funds without difficulty.
If you followed the steps above properly, you should be able to transfer money from your bank account to your prepaid card. Once everything is set up, go to your service provider’s website and log in to your account. Enter the amount you want to deposit, the account you’re transferring money from, and your prepaid account. In most cases, the whole procedure takes one day.
4. Make use of a reloading location
Those who use prepaid debit cards may load money by walking into any reload station and utilizing their prepaid debit cards with a mobile deposit. This technique, unlike the others listed above, charges a load fee. However, paying the charge once is preferable than paying a check cashing fee plus a fee to put funds into the prepaid card.
The Walmart MoneyCard, for example, provides a free cash load to customers who use Walmart’s check-cashing services. In terms of expenses, check cashing for sums less than $100 costs $3, while big quantities cost $6. There are hundreds of reload sites throughout the nation where you may load checks if you’re using other prepaid cards like the Netspend system, which includes the Netspend Visa Prepaid Card, Brink’s Prepaid MasterCard, or PayPal Prepaid MasterCard. Reload costs range from $2 to $5.
Ingo Money App (number 5)
If your prepaid card’s app doesn’t offer a mobile check deposit option, you may load your personal check onto your prepaid card using the Ingo Money App. The Ingo money app, as you may know, can be used to load most prepaid cards. If you want your money processed within 10 days, you may deposit your personal check for free via the app.
However, if you have an emergency and need to get your money quickly, there are handy alternatives available, but they come with costs. With payroll and government checks, for example, you may receive your money in minutes for a 2% fee. Ingo also charges 5% for any other approved checks, with a $5 minimum flat rate fee per check.
If you want to use Ingo as your primary check cashing service, you may apply to become a Gold member and get significantly lower costs. Users who deposit more than six checks in fast processing mode within 90 days will receive a 1% charge for government and payroll checks and a 4% cost for other checks.
To be honest, the fast processing option on this app is very expensive, particularly for individuals who check out little sums or personal checks. As a result, it may be a low-cost cash-checking alternative if you aren’t in a rush and can wait 10 days for processing. It’s worth noting that the Ingo money app is compatible with both Android and iOS devices.
6. Deposit the Check and Load the Cash
This is arguably the most costly method for depositing personal checks to prepaid cards out of all the choices. The reason for this is because you will be charged twice for transaction costs. When cashing a check, you’ll first ask about charges, then pay the loading fees when putting cash into your prepaid card.
Most retail shops, including Walmart and Kmart, as well as petrol stations, will cash checks for $1 to $10. This is dependent on the amount of the check and the location of the business. Check-cashing businesses are much worse since their costs are based on a percentage of the check amount, which usually ranges from 5% to 7%.
You’ll need to locate a cash reload shop to load cash onto your prepaid card after cashing out the cheque. Several sites charge fees ranging from $3 to $5 for each transaction. Most reloading facilities accept checks as well. To avoid these repeated costs, you may choose to bypass the cashing charge and load the check straight. The sole exception is the Walmart Money Card, which costs $3 to cash a check and waives prepaid card reload fees.
A Final Thought
When opposed to accepting checks, direct transfers to prepaid cards are a lot better and simpler method to access your money. If direct deposit isn’t an option and you don’t want to wait, you may load money from your personal check at any reload prepaid card store for a charge. The methods listed above may make it simple to deposit your personal check into your prepaid cards.
The send money to prepaid card online is a way to deposit personal checks and cash into prepaid cards.
Frequently Asked Questions
How do I deposit a personal check to a prepaid card?
You can deposit a personal check to a prepaid card by going into your bank or checking account and withdrawing the funds.
Can I deposit a check onto a prepaid card at an ATM?
Yes, you can deposit a check at an ATM.
Can you reload a netspend card with a personal check?
Yes, it would be possible to reload a netspend card with a personal check.
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