Because of Netspend's relationship with affiliate banks, your money is FDIC-insured.
This insurance protects your reserves if the issuer goes bankrupt.
Users must register their prepaid debit card with their name and other identifying information to qualify for FDIC insurance and other safeguards.
Netspend also employs bank-level security to safeguard its clients' accounts. Visa Zero Liability or Mastercard Zero Liability protects the Netspend card.
MetaBank, a National Association and FDIC member, has introduced the Netspend All-Access Account.
This is a deposit account offered by Republic Bank & Trust Company, an FDIC-insured financial institution.