How Many Times A Day Can I Load My Walmart Money Card

Whereas a savings account is an ideal place to earn interest and hold cash for long-term and short-term goals, a checking account comes in handy for bills and everyday expenses.

However, this isn't the merely pick for paying bills.

The Walmart MoneyCard is besides useful for managing money, yet yous might wonder whether this card can be used the same as a checking business relationship.

Can it?

The short answer is yes. But earlier yous run out and go a Walmart MoneyCard, here's what y'all demand to know.

What is the Walmart MoneyCard?

To put it obviously:

A Walmart MoneyCard is a reloadable prepaid menu.

This is different from a banking concern debit card because it's not linked to a bank account.

Fifty-fifty so, the Walmart MoneyCard is backed by a major bank — Green Dot Banking company — then it offers many features of a checking account.

No overdrafts immune

A huge benefit of a Walmart MoneyCard is that you don't have to worry well-nigh overdraft fees.

This is because y'all're only allowed to spend what you lot load onto the card. In addition, there's no credit cheque because it isn't a credit card.

With that being said, anyone can go a Walmart MoneyCard despite their credit history.

The card does feature a Visa or MasterCard logo, nevertheless, and so y'all can pull it out wherever these cards are accepted and enjoy the benefits of a credit menu.

What Y'all Get With the Walmart MoneyCard

The higher up features of the Walmart MoneyCard only scratch the surface.

For the most office, this card is designed to help you hands manage your finances.

Therefore, yous'll enjoy the post-obit boosted benefits:

i. Get an business relationship number and a routing number

Even though the Walmart MoneyCard isn't a traditional checking account, it does come with a routing number and an account number. This is similar to a checking account with a bank.

This feature is user-friendly when using your Walmart MoneyCard for an online purchase or when paying bills online.

Some bill payment systems will ask for an account number and routing number when setting up a old or recurrent payment. Provide this information and you're expert to go.

Utilise the card to pay your rent, mortgage, motorcar payment, credit card bills, and utilities.

2. Easy admission to greenbacks

Yous may have concerns about the accessibility of funds loaded on the bill of fare.

Another attractive feature of the Walmart MoneyCard is that you tin can access your coin anytime by using an ATM. This is regardless of your location.

Just know that there's a $2.l ATM withdrawal fee per transaction.

Likewise, at that place's a $2.50 teller cash withdrawal fee per transaction. You can, however, avert ATM fees by withdrawing cash at a Walmart MoneyCenter.

There'south also the ability to go rest information at ATMs for $0.fifty.

iii. Earn up to 3% in cash dorsum rewards

A unique feature of the Walmart MoneyCard is that yous tin can earn cash back on everyday purchases. This is like to rewards programs offered by many credit cards.

The more you shop, the more than greenbacks you tin can earn.

Get:

3% cash back at Walmart.com
2% greenbacks dorsum at Potato The states and Walmart fuel stations
i% greenbacks back at Walmart stores

The downside is that you tin can just earn upward to $75 in cash back rewards each year.

Rewards are redeemable at Walmart.com and through the mobile app.

4. Track your account through the mobile app

Similar to a traditional checking account with a bank, in that location's the pick to download the Walmart MoneyCard mobile app.

From hither, manage your reloadable prepaid Visa or MasterCard.

Yous tin can check your MoneyCard balance, review your account history, set up nib pay, review your greenbacks dorsum advantage balance, club newspaper checks, and even eolith your paychecks with the app.

The latter is a must-have if your employer doesn't offer direct deposit.

5. Multiple ways to fund your business relationship

Go on in mind that when you get a Walmart MoneyCard, there are different ways to load money onto your card.

The nigh convenient way is to sign up for straight deposit, if an choice.

Instead of receiving a paper cheque from your employer, funds are automatically deposited onto your prepaid card.

Look:

Directly deposit is a faster way of getting your paycheck. Some people receive their money up to two days earlier.

Other user-friendly options include visiting a Walmart MoneyCenter and putting cash on the carte this fashion.

Additionally, yous can reload your carte du jour at a Walmart register, through online bank transfer, or via another retailer.

During taxation fourth dimension, you can fifty-fifty have your tax refund direct deposited onto your MoneyCard.

What Fees Can You lot Expect With a Walmart MoneyCard?

Walmart MoneyCard reload fees vary depending on the chosen method.

There'southward no fee if your employer offers direct eolith and you utilise this method to put cash on the carte du jour.

There's also no fee if you lot reload the card in conjunction with using Walmart'southward check cashing service. Similarly, you tin initiate an online bank transfer for no fee.

Go on in mind:

You'll pay up to $4.95 to reload the carte du jour at a retailer also Walmart. Also, there'due south a $3 fee to use Walmart Rapid Reload. With this method, you lot swipe your card at a register and then add cash to the card.

Monthly fee can be waived

Make sure you lot're enlightened of other fees associated with this card to avert surprises.

For example, there'due south a monthly service charge of $5. You'll avoid this fee if yous load $1,000 or more in the previous month.

The replacement card fee is $iii. This applies if the menu is lost, stolen, or damaged.

Some other do good of the Walmart MoneyCard is the ability to use it abroad, due to the Visa or MasterCard logo. Even so, be prepared to pay a foreign transaction fee of three%.

Take Advantage of Walmart's MoneyCenter

Non only does Walmart offer a reloadable prepaid card that can part as a checking business relationship and used to pay bills, it also offers a variety of other services through its MoneyCenter.

Moving money around

Use the center for money transfers, which offers a fast and affordable manner to send money domestically and internationally.

At that place's also the option to guild personalized checks from the MoneyCenter. The ability to write a check comes in handy when y'all're unable to use cash or your MoneyCard in a situation.

You lot can also apply the MoneyCenter to pay a variety of bills for only $i each. This includes your auto loan, mortgage/rent, child support, utilities, and more.

In add-on, purchase money orders, cash checks, use Coinstar, and even utilize tax grooming services in stores.

To brand it clear, these services aren't included with the Walmart MoneyCard. Rather, these services are available through the retailer's MoneyCenter for your convenience.

Using the Walmart MoneyCard every bit a Checking Account

The Walmart MoneyCard without a dubiety has features that are similar to a checking business relationship.

You can pay your bills online using a routing number and account number. And with the ability to use your carte at ATMs, your money is always accessible.

Plus, the app allows you to track your balance.

But at the end of the day, this isn't a checking business relationship. Then there are some things that the MoneyCard can't do.

For instance, there'south no overdraft with a Walmart MoneyCard.

And so while your banking company may allow a transaction to become through if you don't accept sufficient funds in your checking account, this isn't an option with the MoneyCard. The card will refuse if y'all don't accept sufficient funds in your account for a purchase.

Also, using the MoneyCard can be more than expensive.

While it'due south true that many checking accounts charge a monthly fee, the cost to use the MoneyCard could exceed what some banks charge. This depends on your reload method.

Allow's say you reload the card iv times a month.

Yet, you don't load enough onto the card to avoid the monthly fee. At $3 per reload with Walmart Rapid Reload, and a $v monthly service charge, you'll pay $17 a calendar month just to have the card.

If y'all get to an ATM twice a month, that's an additional $5 in fees.

Therefore, you can easily spend $23 a month in fees with the MoneyCard.

On the other paw:

At that place are many checking accounts that don't charge monthly fees, or accept monthly fees under $10.

Final Verdict: Should Yous Go a Walmart MoneyCard?

The bottom line is that the Walmart MoneyCard can be an fantabulous alternative if y'all don't have a checking account.

More than so if you're looking for a simple, convenient way to manage greenbacks.

It offers features of a traditional checking business relationship and a credit bill of fare, but without the credit check or overdraft fees. Only make certain you count the cost before getting the menu.

Based on your projected frequency of reloads and ATM visits, gauge how much you'll likely spend in monthly fees with this card, and then decide whether it makes sense from a financial standpoint.

Source: https://www.mybanktracker.com/checking/reviews/walmart-moneycard-review-290909

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