BENEFIT PAYMENTS

Get Government Benefits, like Social Security, Direct Deposited

IMPORTANT INFORMATION FOR OPENING A CARD ACCOUNT: To help the federal government fight the funding of terrorism and money laundering activities, the USA PATRIOT Act requires us to obtain, verify, and record information that identifies each person who opens a Card Account. WHAT THIS MEANS FOR YOU: When you open a Card Account, we will ask for your name, address, date of birth, and your government ID number. We may also ask to see your driver’s license or other identifying information. Card activation and identity verification required before you can use the Card Account. If your identity is partially verified, full use of the Card Account will be restricted, but you may be able to use the Card for in-store purchase transactions. Restrictions include: no ATM withdrawals, international transactions, account-to-account transfers and additional loads. Use of Card Account also subject to fraud prevention restrictions at any time, with or without notice. Residents of Vermont are ineligible to open a Card Account.

The U.S. Department of the Treasury requires electronic payment of all government benefits, including Social Security. Direct Deposit benefit payments to a Netspend® Prepaid Card to meet that condition.

Card usage is subject to card activation and identity verification.[1]

Faster funding claim is based on a comparison of our policy of making funds available upon receipt of payment instruction versus the typical banking practice of posting funds at settlement. Fraud prevention restrictions may delay availability of funds with or without notice.  Early availability of funds requires payor’s support of direct deposit and is subject to the timing of payor’s payment instruction.

No fee for direct deposit services, but there may be a cost when reloading card at retail locations or via bank fund transfer. See your Cardholder Agreement or online Account Center for details.

Social Security benefits delivered to you.
When you set up Social Security Direct Deposit, you’ll receive your funds on your Card Account.[2]

Convenient.
There’s no cost[3] to Direct Deposit to a Netspend Prepaid Card and it can be set up in just a few steps. All you need are your Account Number and Routing Number (log in to find them).

Works to your benefit.
We mean that literally—Direct Deposit of Government Benefits to your Netspend Prepaid Card is not just for Social Security. You can Direct Deposit all kinds of government benefits payments, including:

  • Supplemental Security Income (SSI)
  • Pension payments
  • Railroad Retirement Benefits (RRB)
  • Defense Finance and Accounting Service (DFAS) payments
  • State unemployment benefits*
  • Government Disability Benefits (SSDI or workers’ compensation)*
  • Veterans’ benefits

*Varies by state

Ready to change the way you pay?

Order a Card today, and you’ll receive it in the mail within 7-10 business days.

Explore More Features

Netspend Payback Rewards is an optional program. You may opt-out at any time by visiting your Netspend Payback Rewards Summary Page in your Online Account Center. The reward offers we choose and send to you are based on your shopping habits. Netspend will not share any personal information about you with the merchants who sponsor offers. When you activate an offer and make a purchase with the card, the merchant will not know you are a Netspend Payback Rewards customer, but you will become their customer. For more details about how and when you get rewarded, see the program FAQs, terms and conditions in your Online Account Center. Cash back rewards are credited to your Card Account and are not available in the form of a check or other direct payment method. Program sponsor: Netspend Corporation. The Bancorp Bank, Pathward, National Association, and Republic Bank & Trust Company are not affiliated in any way with the program and neither endorse nor sponsor it.

Payback RewardsSM

EARN SOME CASHBACK

Get money back on some of your everyday purchases.[4]

Learn how it works

The Savings Account is made available to Cardholders through The Bancorp Bank, Pathward, N.A., and Republic Bank & Trust Company; Members FDIC. To participate in the Savings Account program, Cardholder must consent to and continue receiving communications from us in electronic form. If Cardholder is subject to Internal Revenue Service backup withholding at the time of the request to open a Savings Account, the request will be declined. Interest is calculated on the Average Daily Balance(s) of the Savings Account and is paid quarterly.

  • If the Average Daily Balance is $1,000.00 or less, the interest rate paid on the entire balance will be 4.91% with an annual percentage yield (APY) of 5.00%.
  • If the Average Daily Balance is more than $1,000.00, the interest rate paid on the portion of the Average Daily Balance which exceeds $1,000.00 will be 0.49% with an APY of 0.50%, and the interest paid on the portion of the Average Daily Balance which is $1,000.00 or less will be 4.91%. The APY for this tier will range from 5.00% to 0.54%, depending on the balance in the account.

The interest rates and APYs of each tier may change. The APYs were accurate as of May 7, 2020. These are promotional rates and may change without notice pursuant to applicable law. No minimum balance necessary to open Savings Account or obtain the yield(s). Because Savings Account funds are withdrawn through the Card Account (maximum 6 such transfers per calendar month), Card Account transaction fees could reduce the interest earned on the Savings Account. Card Account and Savings Account funds are FDIC-insured through The Bancorp Bank, Pathward, N.A., and Republic Bank & Trust Company, Members FDIC upon verification of Cardholder’s identity. For purposes of FDIC coverage limit, all funds held on deposit by the Cardholder at The Bancorp Bank, Pathward, N.A., and Republic Bank & Trust Company will be aggregated up to the coverage limit, currently $250,000.00.

Savings Account

PUT SOME MONEY ASIDE

It never hurts to save some money, and you can earn interest, too.[5]

Read more about saving

The Online Account Center

MANAGE YOUR MONEY FROM HOME

Create budgets, manage your preferences, and more.

See the Online Account Center