An overdraft allows an individual to borrow money from the bank account by withdrawing more than the account has in it – in simple words, one becomes “overdrawn.” and when the account is overdrawn there is normally a fee associated with this. In this article, we will find out if a Deep Blue Card can be an overdraft. Let’s begin the article to find the answer. Let us know about “Can You Overdraft Deep Blue Card?”
What Is Overdraft?
If there isn’t sufficient cash in an account to fund payment or transfer, but the bank approves it regardless, it’s called an overdraft. In essence, it’s a banking institution’s extension of credit given when a customer’s account balance touches 0. The overdraft enables the account owner to withdraw cash even if there are no funds in the account or inadequate cash to pay the transaction amount.
An overdraft is a loan from a bank that enables a customer to take a specific amount of funds. There is a charge on the loan, as well as a fee for each overdraft. An overdraft charge at certain institutions can be as high as $35.
What Is A Deep Blue Card?
The Debit Card is a basic debit card that offers substantial advantages to clients who engage in card-based activities. The Deep Blue debit card is connected to a bank account that does not have a minimum balance requirement, which is advantageous to those who are financially struggling.
When compared to typical debit cards, tax returns are processed quickly. Banks that take the card are not required to demand a credit score to establish accounts, making it more accessible to a wider range of consumers. The NetSpend Deep Blue card can be utilized to make in-store transactions, draw cash from an ATM, and so on. Within seven to ten business days of placing the order, you will get the NetSpend Deep Blue debit card via mail.
Can You Overdraft Deep Blue Cards?
Republic Bank & Trust Company, Member FDIC, offers qualified Deep Blue Debit consumers the Debit Card Overdraft Service as an additional feature. An individual can Overdraft Deep Blue Card and the customer will be billed $20.00 for each payment or purchase that overdraws the bank account by more than $10.00, up to a limit of five fees each month, once the customers join and complete the qualifying conditions.
To avoid the cost, customers have 24 hours from the time of the initial transaction that generates the overdraft to restore the account to a zero or positive balance. Overdraft fees apply to OTP and signature-based activities, as well as cash withdrawals from ATMs. The ACH debit transaction is not covered; customers have 30 days to pay off a negative balance.
An overdraft can be approved or denied, and the bank has the power to reject payments. For instance, if the customer does not fulfill the eligibility conditions for this program or if the customer makes too many payments or transactions that result in a substantial overdraft, the bank will usually not pay the overdraft. For further user agreement, covering initial and ongoing eligibility requirements for the program, customers can contact at 1-833-954-1605 or sign in to their Online Account Center.
What Are The Steps To Activate And Use The Deep Blue Debit Card?
- To activate your card, visit Netspend.com and click “Activate Card” in the top right corner of the webpage.
- Insert the front-of-card number as well as the three-digit security code on the backside of the card.
- Provide the identifying information required to create an account, including a government-issued identification number. The card will be validated and ready to use once you have registered an account.
Obtaining A Deep Blue Debit Debit Card Online
- To obtain the Deep Blue card online, go to www.netspend.com and select the “Sign Up Now” option.
- Fill up each data field with your personal information after the online application displays.
- When you click “Get My Card,” check the costs related to the prepaid card.
What Are The Advantages Of A Deep Blue Debit Account?
Deep Blue Debit Account is a credit-free account set up with all the products and benefits one anticipates from a bank. Deep Blue Debit Account users can additionally make use of the following additional perks:
- Approximately 13,000 surcharge-free MoneyPass ATMs are accessible to customers.
- Customers will get immediate access to their account via their mobile app or internet with Immediate Balance and Optional Overdraft Protection for just $5 a month.
- Deep Blue gives you access to cash irrespective of the location.
- It works in the same way as a typical checking account, but with the added benefit of being able to control a portion or all of the accounts from one place.
- Up to $10 in ATM surcharge fees can be refunded per statement cycle.
- IBOT, a money-management software, allows you to create budgets and track expenditures.
- Customers with internet connectivity can check their accounts, transfer money, and even get cashback at authorized stores.
- Customers will also get their tax refund faster if you choose direct deposit. Neither a credit check nor a minimum balance is required!
Conclusion
The Deep Blue debit card is one of the best solutions for consumers who want a banking solution that doesn’t demand a minimum balance or a credit check. Many people in the United States have access to this account, and many people, particularly those in financial distress, use it. This debit card can be used for a variety of things, including cash withdrawals, transactions, and purchases. If a consumer withdraws more money than their available balance, their card may be overdrawn, resulting in a $20.00 fee. You will have 24 hours to make a positive or zero balance to avoid the overdraft fee.
Frequently Asked Questions
1. Is it possible for my Deep Blue debit card to be overdrawn?
Ans: Yes, the deep blue debit card can be overdrawn and the Customers will be billed $20.00 for each activity that overdraws their account over $10.00, limited to a total of 5 fees each month.
2.What are the features of the Deep Blue debit account?
Ans: The Deep Blue Debit Account is a bank account with all of the features of a traditional bank account but without the credit check or minimum balance limitations.
3. What is the routing number for Deep Blue?
Ans: The routing number for Deep Blue is 072000096.
4. What bank does Deep Blue debit belong to?
Ans: The company behind Deep Blue Debit is Republic Bank & Trust Company.
