The Walmart MoneyCard offers a convenient way to manage your money with features like cash back rewards, overdraft protection, and early direct deposit access. This prepaid debit card requires online activation and identity verification, including your Social Security Number (SSN), to open an account. You must be 18 years or older to apply for a Walmart MoneyCard.
Walmart MoneyCard Benefits: Earn Money Back
One of the biggest perks of the Walmart MoneyCard is the potential to earn cash back on qualifying purchases. You can earn up to $75 per year. Earn 3% cash back on purchases made at Walmart.com and in the Walmart app, 2% at Walmart fuel stations, and 1% on qualifying purchases at Walmart stores in the U.S. Grocery delivery and pickup purchases made through Walmart.com or the Walmart app also earn 1% cash back. Cash back rewards are credited to your card balance at the end of the reward year. A “reward year” consists of twelve monthly periods in which you have paid your monthly fee or had it waived. Specific eligibility requirements apply.
Overdraft Protection: Safeguard Your Funds
The Walmart MoneyCard offers optional overdraft protection for eligible debit card purchases. To opt-in, your account must have initial eligible direct deposits, be in good standing, and have an activated chip-enabled debit card. Continued eligibility depends on maintaining ongoing eligible direct deposits and meeting other criteria. A $15 fee may apply to each eligible purchase transaction that overdraws your account. Your balance must be brought to at least $0 within 24 hours of authorization of the first transaction that overdraws your account to avoid the fee.
Access Your Money Sooner: Early Direct Deposit
Get paid faster with early direct deposit. Availability depends on the timing of your payroll’s payment instructions and fraud prevention restrictions. Ensure your name and Social Security number on file with your employer or benefits provider exactly match the information on your Walmart MoneyCard account.
Grow Your Savings: Earn Interest
The Walmart MoneyCard offers a savings account that pays interest annually. Interest is calculated on the average daily balance of the prior 365 days, up to a maximum average daily balance of $1,000, provided your account is in good standing and has a positive balance. The current Annual Percentage Yield (APY) is 2.00% but may change.
Getting Started with Walmart MoneyCard: Money for Your Card
The Walmart MoneyCard offers a range of features to help you manage your finances. From earning cash back to protecting yourself from overdrafts, this card provides flexibility and convenience. Visit the Walmart MoneyCard website or your local Walmart store for more information and to apply for a card today. Remember to review the full Account Agreement for detailed information on fees, terms, and conditions.
