The Walmart MoneyCard is a reloadable prepaid debit card that does not require a bank account or credit check. It is available as a Visa or MasterCard and can be used for various transactions, including online purchases, in-store purchases, and ATM withdrawals. The Walmart MoneyCard is issued by Green Dot Bank, a reputable financial institution that specializes in prepaid cards and other financial services.
The Walmart MoneyCard is a prepaid debit card that doesn’t require a bank account. It is issued by Green Dot Bank, a financial institution that specializes in prepaid cards and other financial services. The card can be used for various transactions, including online and in-store purchases at Walmart, as well as ATM withdrawals.
Features and Benefits of the Walmart MoneyCard
The Walmart MoneyCard offers a variety of features and benefits, making it a popular choice for individuals who frequently shop at Walmart or those looking for a convenient prepaid card option.
- Cash-Back Rewards: The card offers up to $75 in cash-back rewards per year, with 3% from Walmart.com, 2% from Walmart gas stations, and 1% at Walmart stores.
- No Monthly Fee: The monthly fee of $5.94 is waived when you direct deposit $500 or more in the previous monthly period.
- Free Cash Withdrawals: You can withdraw cash for free at over 5,000 Walmart locations.
- Free Cash Reloads: Reload your card for free at Walmart stores using the MoneyCard app.
How to Apply for a Walmart MoneyCard
Applying for a Walmart MoneyCard is a simple process. You can order a card for free online from the Walmart MoneyCard website. Once your card arrives, you will need to activate it online, which requires identity verification, including your Social Security Number (SSN). After activation, you can manage your account online or through the Walmart MoneyCard app.
Managing Your Walmart MoneyCard Account
Managing your Walmart MoneyCard account is easy with the various options available. You can check your balance or manage your account using the Walmart MoneyCard app, the online account on the Walmart MoneyCard website, text messages (after adding your mobile number to your Walmart MoneyCard account), or by calling customer service.
Limitations and Drawbacks of the Walmart MoneyCard
While the Walmart MoneyCard offers many benefits, it also has some limitations and drawbacks. These include a monthly fee (unless waived through direct deposit), ATM and teller withdrawal fees, load/reload limitations, a daily spending limit, cash reload fees at non-Walmart retailers, a foreign transaction fee, and some customer complaints about account issues.
Reporting a Lost or Stolen Walmart MoneyCard
If your Walmart MoneyCard is lost or stolen, you can report it through the Walmart MoneyCard app or by calling Walmart MoneyCard Customer Support. The current card will be deactivated and a replacement card will be sent to the mailing address associated with your account.
In conclusion, the Walmart MoneyCard, issued by Green Dot Bank, offers a convenient and valuable option for those looking for a reloadable debit card with cash-back rewards and other perks. Despite some limitations and drawbacks, it can be a good option for frequent Walmart shoppers and those looking for a prepaid card option.
Frequently Asked Questions
Can I use the Walmart MoneyCard outside the United States?
Yes, you can use the Walmart MoneyCard outside the United States. However, a 3% foreign transaction fee applies for transactions made in a foreign currency.
What is the daily spending limit on the Walmart MoneyCard?
The daily spending limit on the Walmart MoneyCard is $3,000. This includes purchases and cash withdrawals.
Can I use the Walmart MoneyCard without activating it?
No, you need to activate your Walmart MoneyCard before using it. Activation requires identity verification, including your Social Security Number (SSN).
Is there a minimum balance requirement for the Walmart MoneyCard?
No, there is no minimum balance requirement for the Walmart MoneyCard.
Can I add funds to my Walmart MoneyCard from another bank account?
Yes, you can add funds to your Walmart MoneyCard from another bank account. You can do this using the Walmart MoneyCard app or website.