Walmart MoneyCard

The new Walmart MoneyCard offers a variety of benefits and features to its users. With direct deposit, users can receive their pay up to 2 days early, depending on their payor's payment instructions and fraud prevention restrictions. This feature can vary from pay period to pay period. Additionally, users can earn cash back on purchases made at Walmart.com, Walmart fuel stations, and Walmart stores, up to $75 each year. This cash back is subject to eligibility and can be redeemed on each anniversary of opening the account.

Users can also share the love by ordering up to 4 additional cards for approved family members ages 13 and up. These additional cards come at no cost and can be activated and personalized. The main account holder can also opt-in for up to $200 overdraft protection with eligible direct deposit. This feature requires the account to be in good standing and the chip-enabled debit card to be activated. Overdraft fees may apply and the balance must be brought to at least $0 within 24 hours to avoid a fee.

The Walmart MoneyCard has no monthly fee if the user has a qualifying direct deposit of $500 or more. Otherwise, there is a monthly fee of $5.94. Users can also earn a 2% interest rate on their savings, paid annually on each enrollment anniversary. This is based on the average daily balance of the prior 365 days, up to a maximum average daily balance of $1,000. The interest rate is subject to change at any time.

The app also offers a lock protection feature, allowing users to prevent purchases by pressing "LOCK" if their card is misplaced. They can then press "UNLOCK" to restore it instantly. The Walmart MoneyCard can be used for purchases anywhere Debit MasterCard or Visa debit cards are accepted in the U.S. There is no minimum balance or credit check required to get a card.

Deposits can be made in various ways, including direct deposit of pay or government benefits, adding money from an existing bank account, free cash reloads at Walmart stores nationwide, and depositing checks using the smartphone app. For any questions or concerns, users can log into their account on the website or app and email or call customer service. The Walmart MoneyCard is available for purchase to those 18 years or older and requires online access and identity verification. Other fees and terms and conditions can be found on the account agreements page.