The Walmart MoneyCard is issued as a prepaid Visa or a MasterCard, you will choose when you apply. The Walmart MoneyCard is sold at all Walmart retail locations nationwide.
It will cost you $3 if you buy a prepaid card from a Walmart location. However if you apply for this prepaid card online the $3 fee is waived. You can do this by visiting http://www.walmartmoneycard.com/
The Walmart MoneyCard is created for individuals with a bad credit history or those looking for an easy way to stay out of debt. Because this card is prepaid you must first deposit money, before you can use it to make purchases. And this will eliminate your risk of ever going in debt!
This is a real Visa or MasterCard and will be accepted online and over the phone. Your prepaid card will be covered by a Zero Liability Policy. This is insurance in case your prepaid Walmart debit card is ever lost or stolen, your money will still be safe.
Your card will also be accepted to buy gas at the pump, reserve a hotel room, rent a car, book airfare, and much more. There is no credit check and your are guaranteed approval. You don’t need a chexsystems bank account, instead you will get free direct deposit on your Walmart MoneyCard.
Free direct deposit can save you a fortune if you are paying check cashing fees! You will never pay an overdraft fee, a late fee, APR fees, or bounced check fees. Instead, you will be charged a low $3 monthly maintenance fee which is much cheaper than many competitors. We have seen monthly fees as high as $20 a month and on popular prepaid cards advertised on TV.
How The Prepaid Walmart MoneyCard Works
The first step is either purchasing your MoneyCard in a Walmart store for $3, and then going online to fill in your information (name, address, phone number, etc.) Or you can apply online and avoid the $3 fee. To be clear if you get your card online you will save $3 and pay a $0 issuance fee!
After you get your card you will need, to activate it by either calling a toll-free phone number or going online. This ensures that your Walmart MoneyCard wasn’t lost in the mail and delivered to someone else.
Next you need to load funds on your card, the most popular method is free direct deposit. You can deposit: payroll, benefits, unemployment, government checks, and even your tax returns. This will provide you with faster access to your cash and you can avoid waiting to pick up a check, and then paying a check cashing fee!
To use direct deposit once you get your card, just log into your online account. There is a simple form you will need to print. Fill this form out and turn it into your employer or whomever your check is issued by. And your done!
Typically within one to two pay periods your check will begin being directly deposited. Now on payday all you have to do is log into your online account and check your balance! No fees, no waiting in lines, and faster access to your cash! This service is strongly encouraged for individuals paying check cashing fees!
You can also load cash by visiting Walmart locations. The cashier will swipe your Walmart MoneyCard and take your money, and presto you will have funds on your card. You can also load a check on your card at a Walmart cash register. And you are able to use green dot prepaid money paks which are available at popular retailers nationwide (over 100,100 locations) to load money.
Your Walmart MoneyCard will give you free sms text and email alerts about your account activity. And you will be given free online and customer service access. These free tools can help you to stay on a budget. But just in case you don’t, you can rest easy because there are no overdraft fees, no bounced check fees, no NSF fees, no interest fees, and no late payment fees.
This is a real reloadable prepaid Visa and MasterCard and it’ll provide you with the same purchasing power as a major credit card. You can shop online, pay your bills over the phone, rent a car, reserve a hotel room, and more. There is no credit check and no bank account required.
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