Are you asking yourself how do I withdraw large amounts from my Netspend card? While Netspend limits how much you can withdraw via the Netspend website or app, or using the Netspend debit card, there is no limit to how much you can withdraw if you’re doing a withdrawal from an external bank account. Accordingly, if you want to withdraw large amounts from your Netspend card, you’ll need to link your Netspend account to an external bank account, then initiate a withdrawal using your external bank account.
In this post, we’ll go into more detail about how to withdraw large amounts from your Netspend card.
How Do I Withdraw Large Amounts From My Netspend Card?Â
There are a few options if you want to withdraw large amounts from your Netspend card. One option is to do ATM withdrawals. However, you are limited to $940 of ATM withdrawals per day and $325 per withdrawal, so that’s not a good option. In addition, Netspend charges horrible fees for doing ATM withdrawals, so if you can, you should avoid withdrawing cash from an ATM with your Netspend card.
Instead, your best bet to withdraw large amounts from your Netspend card is to withdraw your money to an external bank account. To do this, go to your external bank account, then link your Netspend account to your external bank account. You’ll need your Netspend account number and the routing number, which you can find on the account page of your Netspend account.
Once linked, you withdraw as much money as you want from Netspend to your external bank account. While Netspend might limit how much money you can transfer out of your Netspend card, there is no limit to how much you can withdraw using an external bank account.
The important thing is to never initiate a transfer from the Netspend website or app. That’s because Netspend charges a fee for transfers out of the card. However, if you initiate a transfer from an external account, there is no fee (i.e. you go to your external bank account, then initiate a transfer out of Netspend to your external bank account).Â
An Example Of How To Withdraw Large Amounts From Your Netspend Card
I think an example might help clarify exactly how to transfer large amounts from your Netspend card.Â
Let’s say I wanted to withdraw $10,000 from my Netspend card. To move that amount of money out of my Netspend card, I’ll first go to my external bank account and link Netspend to it. I use Ally Bank as my primary bank account, so in this situation, I would log into my Ally account, then add Netspend as an external bank account using my Netspend account number and the routing number,Â
I would then initiate a $10,000 withdrawal from Netspend to my Ally checking account. Remember, I am doing this all from my Ally account. I don’t do anything in the Netspend account.
If I had the money in my Netspend 5% savings account, I’d first, have to move that money to my Netspend card before initiating the withdrawal. To do that, I’d log into the Netspend account, then move the money from my Netspend savings account to my Netspend card. Then I go to my external bank account and initiate a withdrawal from my Netspend card. The only time I do anything in Netspend is when I’m transferring money between the Netspend card and the savings account.
Potential Issues When Withdrawing Large Amounts From Your Netspend Card
There are a few issues that you may run into when you’re withdrawing large amounts from your Netspend card. The biggest issue is if your external bank account won’t link to Netspend. Because Netspend is a prepaid debit card, some banks won’t link to it properly.
Unfortunately, the only way around this issue is to find a bank that will link with Netspend. That being said, I’ve always had luck linking Ally with Netspend, and indeed, that’s the primary account I use to link with Netspend and transfer money out of it. Some people have told me they have issues with linking Netspend to Ally, so my advice is if you find Ally doesn’t work, try a different bank account until one does work.Â
Final Thoughts
Transferring large amounts from your Netspend card isn’t difficult. All you have to do is initiate your withdrawal from your external bank account. This will let you withdraw as much as you want and avoid any transfer fees as well.Â
Remember, always initiate withdrawals from Netspend using your external bank account. You really shouldn’t be doing anything in your Netspend account other than transferring money between the savings account and the card. I hope this information helps!
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