Skip to main content

People’s preferred forms of payment are always evolving, ranging from paper bills and coins to silver and gold. There are prepaid cards, online or virtual accounts, debit and credit cards, and more in the present day. Prepaid cards are one of these solutions that have gained popularity since the customer can determine the card limit. If you don’t want to connect your cards to your bank account, it’s a fantastic alternative.

The most popular prepaid card provider in the US is Netspend. Netspend prepaid cards are run by Visa and Mastercard. Additionally, they provide payroll cards, tip solutions, and a fintech platform to their customers. Direct deposits, reward cards, and loan applications use these prepaid cards.

More than 130,000 refill points are run by Netspend, a company based in Austin, Texas, where you can purchase Netspend prepaid cards. They can be loaded with as much cash as you like using CVS, 7-Eleven, Walmart, bank transfers, and PayPal. Netspend offers two service plans: pay-as-you-go and the monthly plan, which costs $9.95 per month but offers free transactions.

Is a Netspend Account Acceptable for Payday Loan Applications?

A payday loan is an unsecured loan, the lender won’t ask you for any collateral or proof of good credit, but they will need to see that you have a bank account. The funds will be electronically transferred from lending firms to your savings, credit, or prepaid account.

Yes, you can use a prepaid account to apply for a payday loan online. Prepaid cash cards are used by borrowers who don’t have a working bank account. However, some lenders do not accept the conversion of prepaid cash cards for open bank accounts.

Netspend on Payday Loan: How to Apply?

Using your Netspend account, follow these instructions to apply for a payday loan:

  1. You must be over 18, a citizen of the US, and have been working for a year or longer.
  2. Verify each loan program’s interest rates, client reviews, and lending firm history.
  3. Complete the application. Make sure you only offer reliable information.
  4. Give official documentation of your address, employment, and income.
  5. Check to see if your Netspend prepaid cash card is loaded and operational.
  6. Both the phone number and the email address must be current.
  7. Submit your application, then wait for funding to be provided to your Netspend account after it has been approved.


Obtaining a Netspend cash card is simple and has several applications, including payday loans. You can decide how much money you want to load into a prepaid card. However, the lender has the authority to determine how much you can borrow when you apply for a loan.

Additionally, payday loans are pricey, and applying with Netspend may result in fees and interest rates that are larger than you had anticipated. Always look at the agreement contract before signing it.

Joyce Marter

Joyce Marter is a licensed psychotherapist with 25 years of experience and entrepreneur who founded and successfully sold Urban Balance, a national outpatient mental health company in the U.S. Marter is an adjunct professor at Northwestern University, international speaker, blogger for Psychology Today and mental health thought-leader specializing in the psychology of money.

Leave a Reply