Netspend Bank Name (How to Set Up Direct Deposits) (2024)

Fintech companies like Netspend that issue debit accounts and prepaid cards have to partner with traditional banks to offer these services.

Throughout the years, Netspend has partnered with several banks, including Bancorp and Regions Bank. At the moment, though, its prepaid cards are issued by Pathward, National Association, and Republic Bank & Trust Company. It’s best to see the back of your Card for its issuing bank.

How to Set up Direct Deposits With Netspend

Direct deposits are convenient and generally a typical way to add money to your prepaid or debit cards. Most people think you need to know the bank’s name to set up direct debits; however, you only need the routing and account numbers.

You can also reverse-search the bank name from the routing number if needed.

Direct deposits also get the money up to two days earlier into your account than with a conventional bank. With Netspend, if you get more than $500 direct deposited in one month, you are eligible to enroll in a relatively useful Premier account that has a $10 purchase cushion (overdraft), a free custom card, and a reduced monthly plan for only $5/m.

Direct deposits are inherently free and are available as soon as they clear. They’re much faster than paper check deposits, for example, which is one of the slowest methods.

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How to Get Netspend Routing and Account Numbers

Netspend Bank Name (How to Set Up Direct Deposits) (1)

If you want to set up direct deposits, you have to know the Netspend routing and account numbers. You can get them only if you’ve activated your Netspend card and verified your identity.

There are several ways of getting these numbers:

  • If you text “DIRECT to 22622” and you’re registered for Anytime Alerts, Netspend will text you back the routing number and account numbers
  • Log in to your Netspend Online Account Center. From the main menu, choose ‘Direct Deposit.’ The account information will appear on the right side in the grey box
  • Call 1-866-387-7363 and pick “Other Services” to receive your direct deposit info

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READ NEXT: How to Get Money Off Netspend Account Without a Card

What can you Direct Deposit with Netspend?

Netspend allows you to deposit different types of income and benefits:

  • Social Security benefits
  • Work paychecks
  • Tax refunds
  • Pensions
  • Defense Finance and Accounting Service Payments
  • Veterans’ benefits
  • Railroad Retirement Benefits
  • Supplemental Security Income
  • State unemployment benefits (varies by state)
  • Government Disability Benefits-SSDI or Workers Compensation

When you set up direct deposits, you can decide whether you want just a part of your check deposited or your whole check. You will also get notified when the funds arrive if you sign up for Anytime Alerts.

Although Netspend doesn’t charge for these alerts, your carrier may charge you for data or messages.

About Pathward, National Association

Netspend Bank Name (How to Set Up Direct Deposits) (2)

Pathward was, until very recently, known as MetaBank. It’s a nationally chartered traditional bank that has physical locations in Iowa and South Dakota. The original founding name of the bank was Storm Lake Savings and Loan Association.

Pathward was notably directed at issuing debit cards with up to $600 on them that were sent to many millions of Americans in the 2nd round of COVID-19 Economic Impact Payments in 2021.

MetaBank sold the rights to its name to Meta Platforms Inc. (formerly Facebook) for $60 million and changed the name to Pathward afterward, reflecting the firm’s dedication to providing a path forward for people and companies that want to move toward the next stage of their financial voyage.

About Republic Bank & Trust Company

Netspend Bank Name (How to Set Up Direct Deposits) (3)

Republic Bank & Trust Company was established in 1977 by the acquisition of an old Shelby County, Kentucky bank. The bank now has banking branches in 5 states Florida, Kentucky, Indiana, Tennessee, and Ohio.

Although the bank has had recognition and awards that acknowledged its leadership in the community, it has also been somewhat controversial because it was promoting high-interest loans to people that were already on the brink.

About The Bancorp Bank

Netspend Bank Name (How to Set Up Direct Deposits) (4)

The Bancorp Bank has been a banking partner of Netspend, but also many other neobanks and fintechs such as SoFi, Oxygen, Venmo, Uber, and others.

Although Bancorp doesn’t have a rich history like some other banks on this list, it does very well for itself. It manages a whopping $6.8B in assets and has more than 150 million active cards in circulation.

Bancorp’s Fintech Solutions side of the business is a true pioneer in prepaid card-issuing support, and today, the company is even the number one prepaid card issuer. It’s also the 8th largest debit card issuer in the US.

READ NEXT: MoneyLion Bank Name for Direct Deposit (3 Ways to Set Up)

About Regions Bank

Netspend Bank Name (How to Set Up Direct Deposits) (5)

Regions Financial Corporation is a bank holding company founded in 1971 and headquartered in Birmingham, Alabama. It was formerly known as First Alabama Bancshares.

Like many other traditional banks, it too had to settle with the SEC and was even fined by the Consumer Financial Protection Bureau (CFPB) for charging clients with inappropriate or illegal overdraft fees.

Conclusion

Netspend, in its relatively long history, has partnered with four established banks. They are only working with two banks now, Pathward, National Association, and Republic Bank & Trust Company. You can see which bank issued your card on the card itself.

This information is generally used for direct deposits; however, you only need to know the routing and the unique account number, which you can easily obtain from Netspend.

Netspend Bank Name (How to Set Up Direct Deposits) (2024)

FAQs

Netspend Bank Name (How to Set Up Direct Deposits)? ›

Log in to the Online Account Center. From the main menu, select 'Direct Deposit.' The account information required to sign up for Direct Deposit will appear in the grey box on the right side of the screen. If you enrolled in Anytime Alerts™, text DIRECT to 22622.

What is Netspend bank's name for direct deposit? ›

What is the bank name for Netspend direct deposit? The Netspend Visa Prepaid Card is issued by The Bancorp Bank, Pathward.

How to set up direct deposit with Netspend? ›

You only need basic personal details and your Card Account information to enroll in direct deposit. In addition to your full name and address, you'll need to provide your financial institution name, account number, and routing number.

What do I put for bank name on direct deposit form? ›

Bank name: The name of the employee's bank or credit union where they want their paychecks to be sent. Account number: The employee's unique bank account number found on their personal checks.

Does Netspend count as a bank account? ›

Funds on deposit are FDIC insured through Pathward, N.A. For purposes of FDIC coverage, all funds held on deposit by you at Pathward will be aggregated up to the coverage limit, currently $250,000.00. The Netspend Debit Account is a deposit account established by Pathward, National Association, Member FDIC.

Is Netspend MetaBank or Bancorp? ›

The Netspend® All-Access® by MetaBank, N.A. Account is established by MetaBank®, National Association Member FDIC. Netspend is a service provider to MetaBank, N.A., and Republic Bank & Trust Company. Certain products and services may be licensed under U.S. Patent Nos. 6,000,608 and 6,189,787.

What is current bank name for direct deposit? ›

Our issuing bank is Choice Financial Group. You should use this as the bank name if required by your employer or provider, but if you have any issues with your deposit, you'll reach out to us here at Current.

How can I setup my own direct deposit? ›

Here's everything you need to know about how to set up direct deposit at your financial institution.
  1. Get a direct deposit form from your employer. Ask for a written or online direct deposit form. ...
  2. Fill in account information. ...
  3. Confirm the deposit amount. ...
  4. Attach a voided check or deposit slip, if required. ...
  5. Submit the form.
Dec 19, 2023

How do I set up direct deposit with a prepaid card? ›

Contact your prepaid card's customer service number to obtain the account number and routing number for direct deposit. There may be benefits to using direct deposit, such as waiver of the monthly fee. Check your cardholder agreement to understand your options.

Is Netspend good for direct deposit? ›

What Are Netspend's Good Features? Netspend allows individuals to receive access to their direct deposit funds two days early, and your money is FDIC-insured via Netspend's relationship with three banks.

What do I put for my bank name? ›

Enter your bank's full name in the field labeled “bank name”. Do NOT use any numbers or symbols. Instead, if your bank includes either a number or a symbol in their name, type out the full word. For example, if you use BB & T, write “BB and T”, or if you use Golden 1 Credit Union, write “Golden One Credit Union”.

How do I find my bank name? ›

It is very easy to find the bank name using the IFSC code. The first four characters of the IFSC code represents the bank name.

What do I put under bank account name? ›

The name of the account holder. If you open a bank account for yourself, then the account name will be your name.

What is my Netspend bank name? ›

Netspend Visa® and MasterCard® Prepaid Cards are issued by The Bancorp Bank, Pathward®, National Association, and Republic Bank & Trust Company, Members FDIC. Netspend is a registered agent of The Bancorp Bank, Pathward, NA, and Republic Bank & Trust Company.

Does Netspend have a routing and account number? ›

Don't worry about mailing a check or waiting in line to pay in person, you can use your Netspend Account Number and Routing Number, found in your Online Account Center, to pay your bills online. Your money, at your fingertips.

Does Netspend accept ACH deposits? ›

The External Bank Transfers feature provides partners with a way to enable their end users to transfer funds between their personal external bank accounts (such as Chase, Bank of America) and their Netspend accounts via ACH transfer.

What are the names of direct deposit? ›

Direct deposit is also known by these names:
  • ACH (Automated Clearing House), the electronic payment system run by Nacha.
  • Electronic funds transfer (EFT)
  • Electronic check (e-check)
  • Direct payment.
Mar 27, 2023

What is Netspend skylight one bank name? ›

The Skylight ONE® Prepaid Mastercard is issued by Republic Bank & Trust Company pursuant to a license by Mastercard International Incorporated. Netspend is a registered agent of Republic Bank & Trust Company.

Where do I find banking info for direct deposit? ›

Your banking information is usually found in the line of numbers printed across the bottom of your cheques. If you don't have a cheque or if you need help, contact your financial institution. Let them know you're signing up for direct deposits and they'll give you the information you need.

What is another name for direct deposit? ›

31 U.S.C. 3332 generally requires all federal payments, other than payments under the Internal Revenue Code, be delivered by Direct Deposit also known as Electronic Funds Transfer (EFT), unless a waiver is available.

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