Established in 1999, Netspend is a financial services company specializing in rechargeable prepaid debit cards for consumers who do not have access to traditional banking activities or who are generally based on “alternative financial services,” such as cheque-cashing companies or high-priced payday loans. Over the past 20 years, Netspend has grown to more than 5 million active accounts. After Netspend confirms your identity, you can add money and start using your card immediately. Unfortunately, neither project includes any fees you might encounter when using your card. They pay fees for things such as accelerating the mobile check load (the largest of 2% or $5 for state pay slips), over-the-counter withdrawals (the largest of 2.7 5% or $4 at Netspend or $3 charging sites at a financial institution), replacement cards ($9.95) and withdrawals from ATMs or ACH transactions ($1). A Netspend card offers some of the same functions as a traditional credit card, including online account management via the mobile app, customizable text notifications, virtual account numbers to protect against fraud and identity theft, zero liability and federal deposit insurance by the issuing bank. Netspend cards are issued by Bancorp Bank, MetaBank and Republic Bank. While you are automatically entered into the netpend allocation plan at the first registration, you can switch to the monthly schedule by phone or in the online account center at any time.