- Walmart’s low-cost prepaid debit card, the MoneyCard, requires no existing bank account and can be funded via direct deposit.
- In addition to direct deposit, the MoneyCard can be loaded at store registers, at Walmart MoneyCenters, or with your Internal Revenue Service (IRS) tax refund, among others.
- There are fees tied to MoneyCard, including a monthly service fee (which can be waived).
Reading: How to Load Your Walmart Money Card
Loading the Walmart MoneyCard
money can be added to Walmart MoneyCards via direct deposit, Walmart store reload, on-line transfer, or tax reappearance deposit .
1. direct deposition
payroll checks or your government benefits can be loaded immediately onto a MoneyCard through direct depository. This military service is free, and you can opt to deposit all or function of your check mark. Employers may notify the deposit of target deposits astir to two days before the official “ payday, ” and Walmart will then transfer funds to the tease early .
2. Walmart Rapid Reload
This option allows you to add money to your circuit board at Walmart locations, which costs $ 3.00. cash deposits are absolve using the Walmart MoneyCard app at Walmart stores. For these deposits, you can deposit cash by touching the Deposit yellow journalism in the Walmart MoneyCard app and selecting “ Deposit Cash using the Walmart MoneyCard App. ”
3. Online transportation
An on-line transfer typically takes one to three business days, and there is no reloading fee. however, your bank may charge fees on the electronic transfer .
4. tax refund
If you electronically file your income taxes, you can opt to directly deposit your refund onto your Walmart MoneyCard ; no reloading tip applies. You send your wag count and mobile earphone total to Walmart, which then texts you the direct-deposit data that you enter into your tax forms. The standard Internal Revenue Service ( IRS ) processing meter applies, although e-filing typically allows you to receive a refund more quickly than filing by mail .
Benefits of the Walmart MoneyCard
The MoneyCard offers many of the benefits found on all Visa and MasterCard debit cards, including fraud security. A free on-line bill-paying overhaul is besides included. You can send money orders, get paper checks, or set recurring monthly payments for bills such as for your car indemnity. These cards besides allow you to send funds to friends or family anywhere in the United States .
You can besides earn cash-back rewards by shopping at Walmart.com and via the Walmart app ( 3 % cash binding ), Walmart fuel stations ( 2 % ), and Walmart retail stores ( 1 % ). The limit for cash-back rewards is $ 75 a class .
Walmart MoneyCard Fees
The MoneyCard costs $ 1 and can be purchased at any Walmart store. The card has a $ 5.94 monthly serve fee, which is waived if you had steer deposits totaling $ 500 or more in the former calendar month. ATM and teller cash withdrawals cost $ 2.50, while withdrawals at Walmart stores are free. interim, cash reload costs $ 3 at Walmart stores and up to $ 5.95 for other recharge locations. other fees include a 3 % foreign transaction fee and $ 0.50 for libra inquiries at ATMs. There ’ randomness besides a $ 5.95 charge for a 12-pack of checks and a $ 3 fee for batting order substitute ( or $ 15 for expedite manner of speaking ) .
Read more: When Can You File Taxes? | H&R Block
How to Get a Walmart MoneyCard
Getting a Walmart MoneyCard is slowly. You can order one on-line through the Walmart MoneyCard web site, and your card will arrive in two weeks. To avoid waiting for the chain mail, you can purchase a card immediately at any Walmart shop. You must be age 18 or older and will have to deposit money to your wag before you can start using it. Opening the account requires a valid Social Security act, and mobile or e-mail confirmation and the mobile app are required to be able to access all account features.
How Do I Find the Routing and Account Numbers for a Walmart MoneyCard?
once your account is registered, you can get your report and routing number by texting “ DD ” to 37267, logging into the app or your on-line report, or calling Cardholder Customer Service at 1-877-937-4098. Be mindful that the numbers on your card are not the same as your report number .
What is the Account Balance Limit on a Walmart MoneyCard?
The maximum remainder for a Walmart MoneyCard is $ 7,500. Most competitors have a maximum proportion of $ 3,000 .
Can Someone Else Put Money on My Walmart MoneyCard?
The cheapest means for person else to put money on your Walmart MoneyCard is for them to transfer the money from their trust to your MoneyCard using your rout and score numbers. If they can ’ t do a bank transfer, or if you need money more cursorily, they can purchase a MoneyPak at most retailers ( including Walmart ) for $ 5.95 and deposit cash into your account that means .
Can I Deposit a Check to My Walmart MoneyCard?
Yes, you can deposit a check using the mobile Walmart MoneyCard app on your telephone. First, make certain that the crack is made out to you, then sign your name on the back of the crack and put “ For Mobile Deposit Only. ” To be able to use the Mobile Check Deposit feature in the app, your history must be in good standing, and you must have had at least four lineal deposits within the end two months and at least one point-of-sale tease transaction within the last month .
What is the Limit for a Single Direct Deposit to a Walmart MoneyCard?
The maximum amount for a single lead down payment to a Walmart MoneyCard is $ 3,000. The maximal sum explanation poise is $ 7,500 .
Does a Walmart MoneyCard Have Overdraft Protection?
Yes, if you opt in. The come of overdraft coverage is pendent on the deposits that you receive. You get $ 10 of overdraft coverage if you receive a single direct deposition of any amount in your account. You get $ 100 of overdraft coverage if you receive at least two conduct deposits totaling $ 200+ within a 35-day period. You get $ 200 of overdraft coverage if you receive at least two direct deposits totaling $ 400+ within a 35-day period.
The Bottom Line
The Walmart MoneyCard comes with a number of barren services and other benefits, specially for frequent Walmart shoppers. It besides offers a commodious number of ways to load money onto the card. however, other prepaid debit cards and mobile bank options offer lower fees, larger ATM networks, and more free services. The Walmart MoneyCard does offer earlier access to deposits than many traditional banks, but with much rigorous limits and fees. Research your options before you make a final choice .