The Walmart MoneyCard is a prepaid Visa or Mastercard debit card that provides a flexible and convenient way to manage money and make purchases. It is issued by Green Dot Bank and is intended to serve as an alternative to traditional bank accounts, offering features such as direct deposit, mobile banking, and cash back rewards.
Here's a breakdown of Walmart MoneyCard fees. Although some of these fees are typical of prepaid debit cards, it's always best to refer to the company's official website for the most current and specific fee information.
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What is A Walmart MoneyCard?
A Walmart MoneyCard is a prepaid Visa or Mastercard debit card that provides a flexible and convenient way to manage money and make purchases. It is issued by Green Dot Bank and is intended to serve as an alternative to traditional bank accounts, offering features such as direct deposit, mobile banking, and cash back rewards.
Here are some key features and functions of the Walmart MoneyCard:
1. Prepaid Card.
2. Use Anywhere Visa or Mastercard is Accepted.
3. Direct Deposit.
4. Mobile Banking.
5. Cash Back Rewards.
6. Family Account Options.
7. Reloadable.
The Walmart MoneyCard is designed to provide individuals with a convenient and accessible tool for managing funds, making purchases, and handling day-to-day financial matters without the need for a traditional bank account.
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Walmart MoneyCard Fees
There are a few fees to be aware of with the Walmart MoneyCard:
Monthly Fee:
$5.94 per month unless you meet one of the following criteria:
- Receive direct deposits of payroll or government benefits totaling at least $500 in the previous monthly statement period.
- Activate and use Early Pay with a qualifying Direct Deposit.
- Maintain a minimum daily balance of $1,000.
Transaction Fees:
- Cash deposit at Walmart: $3.00.
- ATM withdrawals: Fees vary depending on the ATM operator and whether you're using an in-network or out-of-network ATM. Typically, expect $2.00 for in-network and $3.00 for out-of-network ATMs, plus any additional fees from the ATM operator.
- Foreign transactions: 1% conversion fee for purchases made outside the US.
- Overdraft fees: $15 per transaction that overdraws your account by more than $5 (up to 10 fees per month).
Other Fees:
- Card replacement: $5.00.
- Stop payment: $15.00.
- Inactive account fee: $5.00 per month after 12 months of inactivity.
It's important to be aware of these fees to avoid any unwanted surprises. For a complete list of fees and details, you can refer to the Walmart MoneyCard Fee Plan: https://www.walmartmoneycard.com/legal-info/fee-plan
How to Get A Walmart Moneycard
To obtain a Walmart MoneyCard, you can follow a straightforward process that involves applying for the card and then activating it for use. Here's a guide on how to get a Walmart MoneyCard:
1. Online:
- Visit the Walmart MoneyCard website: https://www.walmartmoneycard.com/
- Click "Order a Card". This will take you to the application page.
- Fill out the application: You will need to provide some basic information about yourself, such as your name, address, and Social Security number.
- Review and submit your application: Once you have completed the application, review it carefully for any errors before submitting it.
- Wait for your card: If your application is approved, you will receive your personalized Walmart MoneyCard in the mail within two weeks.
2. In-store:
- Head to the customer service desk at your local Walmart: Look for the MoneyGram sign.
- Tell the associate that you would like to purchase a Walmart MoneyCard: They will help you choose the right card for your needs and complete the purchase.
- Activate your card: Once you have purchased your card, you will need to activate it online or through the Walmart MoneyCard app. You will need to provide your Social Security number and other identifying information to activate your card.
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Final Thoughts: Walmart MoneyCard Fees
It's important for Walmart MoneyCard users to familiarize themselves with the plan they’ve selected and its associated fees. Also, it’s recommended to consult the most recent fee schedule on the Walmart MoneyCard website or reach out to their customer service department for the latest information.