ABOUT NETSPEND

NetSpend®, A TSYS® Company - Empowering Consumers

NetSpend is a leading provider of reloadable prepaid cards and related financial services in the United States. We serve the estimated 68 million underbanked consumers who do not have a traditional bank account or who rely on alternative financial services. Our mission is to provide products and services that empower consumers with the convenience, security and freedom to be self-banked.

Since 1999, our products have helped more than 10 million consumers to make purchases, pay bills and manage their money without the need for a checking account or credit history.

Through our nationwide network of more than 70,000 distribution locations and 130,000 reload points, consumers can buy and reload NetSpend Prepaid Cards at neighborhood retailers, check cashers, convenience stores, grocers, pharmacies, insurance providers and tax preparers nationwide. In addition, our direct distribution channel reaches consumers beyond our store-based distributors. NetSpend is also a leading provider of corporate payroll card solutions that help employers offer all employees a direct deposit option and eliminate expenses associated with paper checks for employees and employers alike.

NetSpend is a wholly-owned subsidiary of TSYS® (NYSE: TSS). The company is based in Austin, Texas with additional offices in Atlanta, Georgia; Charlotte, North Carolina; and San Mateo, California.


Prepaid Cards

NetSpend offers FDIC-insured Visa® and MasterCard® Prepaid Cards, issued by state and federally regulated financial institutions. NetSpend Prepaid Cards are packed with features for adding, spending, withdrawing and managing money and easy ways to enjoy these features. These optional features include person-to-person and standard bank transfers, free Direct Deposit, free Anytime Alerts™ text or email service1, free online and mobile app account centers2, Payback RewardsSM, free budgeting tools and a tiered-rate savings account offering an industry-leading 5.00% APY on balances up to $5,000.3 With a wealth of features and range of payment plans, NetSpend Prepaid Cards give consumers unmatched freedom to choose the banking solution that works best for them and the convenience and security to use it wherever they are.

NetSpend offers its prepaid cards online and in well-known grocery stores, convenience stores, pharmacies and check cashers nationwide. Visit our Reload Center locator to find reload locations near you.


Corporate Prepaid Cards

NetSpend offers prepaid card solutions for corporate clients under the Skylight Financial® and smartOneTM brands that meet the needs of both employers and their employees. Skylight® payroll cards have many of the same features as NetSpend cards, including FDIC-insurance, MasterCard® or Visa® branding, free Direct Deposit, 24/7 account access via the web, phone or text message, and bill pay services. We also offer online wage statement and W-2 capabilities that help employers achieve 100 percent paperless payroll and significantly reduce expenses. Our smartOne Prepaid Program provides customizable incentive cards for employees and customers through full program management. For more information, visit skylightfinancial.com and smartOnePrepaid.com.


Our Platform and Services

NetSpend has developed a proprietary, fully-integrated payments platform. This includes critical functions required for us to acquire cardholders; process transactions; maintain account-level data; communicate with cardholders; manage risk; ensure regulatory compliance; and stay in close contact with our issuing banks as well as our distributors. These integrated capabilities allow us to customize our products and services for different markets, distribution channels and customer segments. Furthermore, by processing transactions on our own platform, we gain unique and extensive insight into the attitudes, characteristics and purchasing behavior of the consumers we serve.

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1, 2 NetSpend does not charge for this service, but your wireless carrier may charge for messages or data.

3 The NetSpend National Savings Account is made available through The Bancorp Bank, BofI Federal Bank, and MetaBank®, 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 $5,000.00 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 $5,000.00, the interest rate paid on the portion of the Average Daily Balance which exceeds $5,000.00 will be 0.49% with an APY of 0.50%, and the interest paid on the portion of the Average Daily Balance which is $5,000.00 or less will be 4.91%. The APY for this tier will range from 5.00% to 0.72%, depending on the balance in the account.

The interest rates and APYs of each tier may change. The APYs were accurate as of July 18, 2014. 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, BofI Federal Bank, or MetaBank, 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, BofI Federal Bank, or MetaBank will be aggregated up to the coverage limit, currently $250,000.00.

The NetSpend Visa Prepaid Card is issued by The Bancorp Bank, BofI Federal Bank, MetaBank, and Republic Bank & Trust Company pursuant to a license from Visa U.S.A. Inc. The NetSpend Prepaid MasterCard is issued by The Bancorp Bank, BofI Federal Bank, MetaBank, and Republic Bank & Trust Company pursuant to license by MasterCard International Incorporated. The Bancorp Bank, BofI Federal Bank, MetaBank, and Republic Bank & Trust Company; Members FDIC. Please see back of your Card for its issuing bank. NetSpend, a TSYS® Company, is a registered agent of The Bancorp Bank, BofI Federal Bank, MetaBank, and Republic Bank & Trust Company. The NetSpend Visa Prepaid Card may be used everywhere Visa debit cards are accepted. The NetSpend Prepaid MasterCard may be used everywhere Debit MasterCard is accepted. Certain products and services may be licensed under U.S. Patent Nos. 6,000,608 and 6,189,787. Use of the Card Account is subject to funds availability and ID verification. Transaction fees, terms and conditions apply to the use and reloading of the Card Account. See Cardholder Agreement for details.

MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.

All trademarks and brand names belong to their respective owners. Use of these trademarks and brand names do not represent endorsement by or association with this card program. All rights reserved.

© 2015 Total System Services, Inc.®. All rights reserved worldwide. TSYS® and NetSpend are federally registered U.S. service marks of Total System Services, Inc.