Overdraft Protection
Life happens.
We have you covered with up to $3001
Plus we don't charge a fee if you repay the overdraft amount within 24 hours or the overdraft is $10 or less.
Netspend is not a bank. Banking services, including overdraft protection, provided by Pathward®, National Association or Republic Bank & Trust Company, Members FDIC.
How Overdraft Service1 works and what’s covered
How it works
Once Overdraft Protection is active, we may authorize and pay a transaction amount that exceeds your balance, up to $300. The negative balance must be repaid within 35 days.
Discretionary service
Whether we authorize an overdraft is discretionary and is impacted by factors such as your account activity, the deposits you make, the type of transaction and the amount.
Covered transactions
Overdraft Protection is available only for the following transactions:
- Signature and PIN purchase transactions
- ATM withdrawals
Ineligible transactions
ACH Debit transactions and those initiated through third-party bill pay service providers are not eligible for overdraft coverage.
How to enroll
Overdraft Protection is an optional service that you can enroll in to get covered when life happens and you are short on funds. To be eligible, you must:
Opt in to overdraft
Log in to your account or call 1-866-647-6929 to opt in.
Set up Direct Deposit
Set up an initial Direct Deposit totaling at least $300 within 35 days of opting in and continue to receive Direct Deposits totaling at least $300 every 35 days to maintain eligibility.
Start with a positive balance
Have a positive Available Balance at the time of service activation.
Overdraft fees1
There is a $20 fee for each transaction that overdraws your account by more than $10, up to a maximum of five (5) fees per calendar month and forty five (45) fees per calendar year.
The fee will not apply if the negative balance is repaid within 24 hours of the first transaction that caused you to overdraw your Account.
Compare Overdraft Fees
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How to avoid overdraft fees
Overdraft can be an expensive option and we want to help you avoid the overdraft fees.
Stay under $10
There is no overdraft fee for transactions that overdraw your account by $10 or less.
Repay in 24 hours
Avoid an overdraft fee by bringing your balance positive within 24 hours of the first transaction that caused you to overdraw your Account.
Know your balance
Use our mobile app or website to track your available balance.
Explore alternatives
Overdraft can be expensive, so we encourage you to research alternatives before enrolling.
Opt out if you change your mind
If at any point you decide that Overdraft Protection is no longer right for your financial needs, or you have found more favorable alternatives, remember that you may opt out at any time by logging in to your account or by calling 1-866-647-6929.