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How much does it cost to load a prepaid card at Walmart

Our MoneyCard is a re-loadable prepaid debit card that provides many of the benefits of a checking account without overdraft fees.
Wal-Mart Stores Inc. includes a growing financial center that offers everything from check cashing, money transfers, bill payments and pre-paid debit cards.
For $3 per month the so-called Money Card, as Walmart dubs the prepaid debit card, customers can load and re-load the card with money and use it just like any bank-issued debit card.
Understand that while prepaid cards are an alternative solution to credit and debit, they don’t help you build credit.
In order to set up a credit history, you should regularly use a credit card responsibly, paying your bills promptly and in full every month.

The name and Social Security number on file with the Internal Revenue Service must match your Green Dot account exactly or we shall decline your deposit.
The name and Social Security number on file with your employer or benefits provider must match your Green Dot account to prevent fraud restrictions on the account.
As you decide if a prepaid card will be the right choice for you, here are some alternatives to prepaid cards to take into account.
Prepaid cards could make sense using situations — for example, if you don’t have a bank checking account or you just don’t want the temptation of using credit.

What Is The Limit For A Single Direct Deposit To A Walmart Moneycard?

To join up for a Walmart MoneyCard, you’ll need to fill out the online application and verify some of your personal information.
There are some ways to reload funds onto your Walmart MoneyCard.
You may also be charged a fee by the ATM operator, even if you do not complete a transaction.
If you are using the card beyond your U.S., you’ll incur a 3% fee on the dollar quantity of each transaction.
Erika Rasure is globally-recognized as a leading consumer economics subject material expert, researcher, and educator.
She is a financial therapist and transformational coach, with a special interest in helping women figure out how to invest.

  • The fee plan states that you may save on fees by reloading free of charge using Walmart Check Cashing.
  • While we strive to provide a wide range offers, Bankrate will not include information about every financial or credit product or service.
  • Cash reload fees vary at other reload locations but can be around $5.95.
  • The results are the nearest stores, contact information for the nearest stores and a map to help you see how to get to the store from your own current location.

The cashier will give you a receipt as proof the reload.
Money deposited on your card will typically be accessible within ten minutes.

The only free way to add money to your card is through direct deposit, which should be arranged through your employer to automatically deposit your paychecks to your account.
The fees are also very expensive, especially compared to the American Express Serve card.
AmEx Serve can be a prepaid card, although it charges no monthly fee, processing fees or fees to reload your card.

Card Limits

The total cash back you can generate is capped at $75 and is credited to your account at the end of the Reward Year.
With over 10 million customers, Netspend is among the leading providers of prepaid debit cards.
They provide financial solutions for underbanked individuals who might not otherwise reap the benefits of traditional financial services or simply choose to not need a bank-account.
Standard Walmart check cashing fees and limits apply.
These services aren’t obtainable in all states or stores.
If you’re considering a prepaid debit card because you have a less-than-great bank-account history, consider a second-chance checking account.
These give you a chance to have a bank-account, even if you’ve been rejected by banks due to past issues such as for example having an account closed due to unpaid overdraft fees or other problems.

  • Unlike with bank cards, you load funds onto prepaid cards before use.
  • Earn 3% at Walmart.com, 2% at Murphy USA and Walmart fuel stations, and 1% at Walmart stores.
  • However, swipe reload with cash isn’t obtainable in hawaii of Vermont.
  • (including, for instance, the order in which they appear).

In response, banks then decided to come up with other ways to make up for that lost revenue.
So it should have come as no surprise when BofA announced it wished to charge clients $5 per month for debit card.
But there is huge push-back from the public, and Senator Durbin who took to the Senate floor and told Americans to “get the heck out of this bank.” Eventually the bank back-tracked on the fee.
Online access, mobile number verification (via text) and identity verification (including SSN) are required to open and use your account.
Mobile number verification, email verification and mobile app must access all features.
Federal tax refund early availability depends on timing of IRS payment instructions and fraud prevention restrictions may apply.
As such, the availability or timing of early direct deposit of one’s federal tax refund can vary greatly.

This means it is possible to shop at Walmart and never have to bring your wallet to the store.
Why isn’t Walmart feeling exactly the same heat from consumers because of its monthly fee?
Well, for one thing Walmart isn’t a bank (more on that later) and its pre-paid debit card has never been free because it launched in November 2007.
Actually when it first introduced the monthly fee was over $8 and was dropped to $3 in February 2009.

Individuals can apply for a Netspend Prepaid Visa card online.
During the application, you will have to complete your name, address, date of birth, and your government ID number.
No credit checks are required and you’ll receive your card in the mail within 10 business days (if you don’t decide on a fast-tracked service).
Netspend offers a variety of prepaid cards including a Mastercard option.
All features and fees will be the identical to the Visa card sufficient reason for both accepted widely through the entire U.S. and internationally, the choice really is down to personal preference.
When you get a check, this is often loaded to your prepaid card through the Netspend mobile app.
From the Move Money

Initial and ongoing direct deposits are needed for overdraft coverage.
Additional criteria may apply that may affect your eligibility as well as your overdraft coverage.
Overdraft fees could cause your account to be overdrawn by a quantity that is greater than your overdraft coverage.
A $15 fee may connect with each eligible purchase transaction that brings your account negative.
Balance must be taken to at the very least $0 within 24 hours of authorization of the first transaction that overdraws your account in order to avoid a fee.
Overdraft protection is available on eligible Demand Deposit Accounts.