Walmart MoneyCard Prepaid Debit Card
Walmart Prepaid: The bottom line
- Reasonable monthly fee.
- Free services including money transfers, check writing and savings feature, though there’s a fee for buying checks.
- Up to $75 in cash-back rewards a year.
- No free ways to reload cash or checks.
|Purchases and withdrawals|
Read on for more details about the Walmart MoneyCard’s fees and services.
3.5 / 5.0
The Walmart Money Card charges a monthly fee, but it’s on the cheaper side. If you stop using your card, however, you’ll pay up to two extra monthly fees. There is no fee to close the account.
Purchases and withdrawals
4.5 / 5.0
The Walmart MoneyCard doesn’t charge fees for making purchases, but it does for ATM transactions. You can withdraw money for free at Wal-Mart customer service desks as well as get cash back with purchases you make at any retailers, when available. The card can be issued as a MasterCard or Visa, so it’ll work with merchants that accept whichever payment network your card is in.
3.0 / 5.0
You can reload money onto the card several ways for free, but there’s no way to avoid fees for depositing cash or checks at Wal-Mart or elsewhere. For depositing a payroll or government check in a Wal-Mart store, you pay a fee for cashing the check but not a fee to load that money onto the card.
4.5 / 5.0
The card offers a mix of bill payment and savings features, so you can effectively use this card as a checking account substitute in those respects — or even just a money management tool.
Good for Wal-Mart stores, limited elsewhere
The Walmart MoneyCard, unsurprisingly, provides the most perks to people who manage money and shop online, especially at Wal-Mart. There are some free services, including online transfers, a savings feature and customer service support, in addition to annual cash-back rewards.
Updated Nov. 8, 2016.
NerdWallet’s overall rating is a weighted average of each category: general account fees, transactions and funds access, reloads and other services. Factors we consider, depending on the category, include fees, ATM access, reload options, breadth of merchant acceptance, account features and limits, user-facing tech and customer service. Several Nerds contribute to prepaid debit card ratings to ensure consistency and accuracy.
What the ratings mean:
— Among the very best
— Very good; only minor caveats for most customers
— Good; issues that might make a difference to some customers
— Fair; make sure strengths and weaknesses are a good match for you
— Poor; proceed with great caution
(or below) — Best to avoid