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Walmart Card Review: All About the MoneyCard

Nov. 27, 2018
Banking, Banking Basics, Prepaid Debit Cards
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NerdWallet’s rating: 4.0 / 5.0


at Walmart

The Walmart MoneyCard prepaid debit card can be a good value for dedicated Walmart customers. The card, issued by Green Dot Bank, has cash-back rewards for Walmart purchases and free online services.

The bottom line

  • Monthly fee of $5 is avoidable with $1,000 balance
  • Online bill pay is free, but reloading cash will cost you
  • Up to $75 in cash-back rewards a year

» Not what you were looking for?  Browse NerdWallet’s best prepaid debit cards

General fees and features

4.0 / 5.0

The Walmart MoneyCard charges a monthly fee, though it’s avoidable. There is no fee to close the account.

  • $5 monthly fee is waivable
  • $1 one-time purchase fee in person, free online
  • No cancellation or inactivity fee
  • A steep load of $1,000 is required to waive the monthly fee

Purchases and withdrawals

4.0 / 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 Walmart and earn cash back at certain retailers.

  • No fee on purchases
  • Free cash withdrawals at over 5,000 Walmart locations
  • Ability to receive cash back from card at retail store checkout (when available)
  • Cash-back rewards of up to $75 a year: 3% cash back at, 2% at Murphy USA and Walmart fuel stations, 1% at Walmart stores
  • $2.50 fee for bank teller and ATM withdrawals, plus any third-party fee charged by a bank or ATM operator
  • Cash-back rewards get cashed out only after 12 consecutive months


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 at Walmart stores or elsewhere.

  • Free direct deposit of payroll or government benefits
  • Get your direct deposit up to 2 days earlier than usual
  • Free online bank transfers to the card (but your bank may charge a fee)
  • $3 fee to reload cash at Walmart checkout, known as Walmart Rapid Reload
  • Up to $4.95 to reload cash at retailers in the Green Dot reload network

Other services

4.5 / 5.0

The card offers a mix of bill payment and savings features.

  • Free online bill pay and free money transfers between friends and family
  • A fee of 70 cents for a money order, which is cheaper than at banks
  • People can move money into a free savings feature called the MoneyCard Vault, which offers cash prizes to encourage savings
  • Free 24/7 customer service line
  • Second card available for $3 (but no monthly fee)
  • Pack of 12 checks costs $5.95, which breaks down to 50 cents per check
  • A fee of 50 cents for ATM balance inquiries, plus any ATM operator fee

» Looking for a savings option? Some of the best high-yield online savings accounts cost nothing to open

Consumer complaints about Green Dot

The card’s issuer, Green Dot Corp., is the subject of nearly 1,600 complaints filed with the Consumer Financial Protection Bureau.

According to complaints made to state and federal regulators, Green Dot customers have reported having their accounts frozen for days or even weeks after disputing a transaction, cutting them off from money they need for day-to-day expenses.

Many Green Dot customers who filed complaints describe having money stolen from their accounts or unauthorized charges to their cards. According to the complaints, these issues have been difficult to resolve.

» More: See everything NerdWallet found

Good for Walmart stores, limited elsewhere


at Walmart

The Walmart MoneyCard, unsurprisingly, provides the most perks to people who manage money and shop online at Walmart. There are some free services, including online transfers, a savings feature and customer service support, in addition to annual cash-back rewards.

» Not what you were looking for? Here’s a list of the best prepaid debit cards

Alternatives to prepaid debit cards

Other options, including mobile banks and various other prepaid debit cards, have lower or no monthly fees, wider ATM networks and more services. Here are a few alternatives:



at Chime,

Deposits are FDIC Insured

Chime is a mobile account that goes beyond the standard prepaid debit card offerings, including free access to 30,000 ATMs, getting your paycheck up to two days early, cash rewards and automatic savings. Plus, it’s all free: no monthly fees, overdraft fees, or foreign transaction fees — unless you deposit cash, in which case a third party may charge you.



at Simple,

Deposits are FDIC Insured

True to its name, this mobile account keeps it simple with its no-fee checking account. Depositing cash can be a hassle and might cost you, but you’ll be able to use 40,000 ATMs for other services at no cost. Simple also offers budgeting tools that can help you keep track of spending.


If you’re in need of a bank account but can’t qualify because of a flawed banking record, GoBank can be a good fit. Though there’s a $8.95 monthly fee, you can avoid it by having $500 or more in direct deposits a month. You can also get your paycheck up to two days earlier than you would at a regular bank.

» Want to explore other options? See a list of second-chance checking accounts

Ratings methodology

NerdWallet’s overall rating is a weighted average of these four categories: general fees and features (40%), purchases and withdrawals (35%), reloads (15%) and other services (10%). Factors we consider, depending on the category, include fees, ATM access, reload options, breadth of merchant acceptance, account features and limits, consumer-facing tech and customer service. Because prepaid debit cards help to manage money without using credit, any overdraft program gets penalized under the “purchases and withdrawals” category. Several Nerds contribute to prepaid debit card ratings to ensure consistency and accuracy.


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