The Walmart MoneyCard Prepaid Debit Card Review from Green Dot is a prepaid debit card with a number of advantageous features but also a few costly fees. Customers who frequently shop at Walmart may appreciate the card’s cashback option, which provides up to 3% cash back on Walmart purchases, but they will likely be annoyed by the $5 monthly fee if they don’t load $1,000 onto the card in a single month.
Characteristics Of Walmart Moneycard
As per Walmart MoneyCard Prepaid Debit Card Review, there are multiple ways to add funds to your Walmart MoneyCard. You can cash checks and make cash deposits (for a fee) at Walmart shops, as well as set up direct transfers. In addition to direct deposit, enrolling in the Walmart MoneyCard allows you to get your paycheck up to two days earlier.
Visit a Walmart to deposit cash
Additional fees may apply if you do not visit a Walmart store to check your Walmart MoneyCard Prepaid Debit Card Review. You must incur a fee to load funds onto your Walmart MoneyCard. Direct deposits are free and allow you to receive your paycheck up to two days early. Continue reading to determine whether or not the Walmart MoneyCard is right for you.
Fuel Station Purchases Made At Murphy America Or Walmart
Unlike other prepaid cards, the Walmart MoneyCard Prepaid Debit Card Review allows you to earn cash back, an attractive feature. The stipulation is that you may only collect cash back on Walmart purchases, and the most cash back you can receive annually is small. While purchases made at Murphy USA or Walmart gas stations earn 2% cash back, purchases purchased on Walmart.com receive 3% cash back. You receive 1% cash back on Walmart purchases. Your annual incentive total cannot exceed $75.
Online Banking Transfers
In accordance with the Walmart MoneyCard Prepaid Debit Card Review. Through online banking transfers, it is also free to make deposits and send money to others. If you need to send money to someone, Walmart makes it easy to utilize your Walmart MoneyCard in combination with MoneyGram in their stores or online. As opposed to other prepaid cards.
The Cash Card Safe
MoneyCard Vault is an additional unique feature of this prepaid card. Even though you cannot access the funds you deposit with your Walmart MoneyCard Prepaid Debit Card Review card, they still contribute to your account balance. This is not a different savings account, thus funds held here do not accrue interest.
Moneycard Vault Will Provide Rewards
Every dollar you maintain in your MoneyCard Vault earns you an entry into a monthly drawing for cash incentives. Each month, up to 500 entries may be gained. A social security number is required in order to open a Walmart MoneyCard Prepaid Debit Card Review. However, your credit report will not be acquired. In addition, your name will not be checked with ChexSystems, a consumer reporting agency that maintains a database of individuals with dubious financial histories.
Some Fees Are Avoidable
Some fees are avoidable, or at the absolute least, they can be minimized. For instance, partner shops may charge you $5.95 to reload your card with cash, whereas Walmart will just charge you $3. Although you can avoid check deposit fees by cashing your check at Walmart and immediately depositing the funds with the assistance of a customer service person, you must still pay Walmart’s standard $4 check cashing fee.
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Walmart Money Card usage
You can make an unlimited number of daily transfers into and out of the Walmart MoneyCard Prepaid Debit Card Review using the Walmart Money Card or the associated app. If you have a tendency to spend more than you should, having money in the MoneyCard Vault may be enough of a barrier to prevent you from making impulsive purchases. In a period of weakness, it is still feasible to access the vault’s funds; it just becomes more difficult.
Prices For Walmart Moneycards And Additional Information
Review of the Walmart MoneyCard Prepaid Debit Card reveals that there are a number of substantial fees. However, workarounds are frequently accessible. Fees begin to accrue the moment you open your card account. Only if you choose to open your card in person as opposed to online will an activation fee be assessed. If you did not load at least $1,000 onto this card in the previous month, there is a monthly fee.
$3 For Normal Postage
If you lose your Walmart MoneyCard and desire to replace it, you’ll have to pay $3 for standard delivery or $15 for expedited shipment. Typically, prepaid cards are notorious for high fees. However, the Walmart MoneyCard has certain odd characteristics, such as a monthly fee.
Let You Order Paper Checks
walmart promo codes 20% off app also allows you to order paper checks, deposit checks, and locate refill locations. In addition to simple functions such as monitoring your balance, transaction history, and reward history, the app enables you to execute more complex tasks such as adding funds to your account without visiting a reload station. On Google Play, the app scored 4.3 out of 5 stars, and on iTunes, it received 4.2 out of 5 stars.
Moneycard Vault Operate Via The App
You have access to the MoneyCard Vault function via the app, which was described earlier. In addition to managing your vault, the Walmart MoneyCard app allows you to send money to friends and family, pay bills, and set up direct deposit. The app allows you to submit information to your employer directly from the app, streamlining the direct deposit procedure.
Using the Walmart Moneycard Mobile App
Though Walmart MoneyCard Prepaid Debit Card Review provides account services, the Walmart MoneyCard app, which can be downloaded from Google Play and the iTunes app store, makes it easier to manage your prepaid card on the go.
Opening A Walmart Moneycard Account
To open a MoneyCard account, you must be at least 18 years old and hold a valid Social Security number. Online card ordering is the cheapest option to initiate the procedure. Although delivery will take two weeks, this option is free. As part of the application process, you will be needed to provide identifying information such as your name, address, and phone number.
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