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If you regularly shop at Walmart, you can earn cashback rewards on your purchases with the Walmart MoneyCard. But that incentive may not be enough to offset the card’s high ATM and in-store reloading fees.
$5
Monthly maintenance fee
$1
Card fee
Review by
Heather Petty is a writer at Finder specializing in banking, investments and insurance. She's a self-proclaimed word nerd who worked as a technical writer and editor for the casino systems industry and is an internationally published young adult mystery author. Heather earned a bachelor’s degree in English from the University of Nevada, Reno.
The Walmart MoneyCard prepaid debit card is best for Walmart regulars who can earn cashback rewards on the shopping they already do. You can create short-term savings goals and add your family to the account.
But you’ll want to reconsider if you have a history of missing monthly maintenance payments. To earn rewards, your account must remain in good standing by paying the fee. To avoid it, you’ll need to deposit at least $1,000 every month to your account.
You can purchase a prepaid starter card from Walmart and follow the directions to register for an account and permanent card, or you can sign up online. Sign up online in five simple steps:
Have the following information on hand before you register your account:
In addition to a mobile app that comes with personal financial management tools, Walmart MoneyCard offers the following benefits:
While the card has its perks, it’s not without its disadvantages:
If you want a prepaid card with no ATM fees, you’ll want to keep looking. As always, compare your options when considering a prepaid card.
Use the following methods to fund your prepaid card:
You can pick up a temporary Walmart MoneyCard from Walmart for $1 and start using it that same day. If you apply online for the card, you should receive it within seven to 10 days.
Once you’ve loaded your funds, take advantage of the following: