Walmart is an American multinational corporation that runs a chain of hypermarkets, discount department stores, and grocery stores. The company’s headquarters are in Bentonville, Arkansas, in the United States. Walmart also deals with financial issues and has a debit card that you can use for various financial transactions in the United States. I will show you how to use Walmart money card transfer money from one card to another.
Walmart MoneyCard Visa Card is from Green Dot Bank, a Member of FDIC. Therefore, the funds in the card are secure in case Walmart collapses. You can have up to $250,000 insured under FDIC. Again, the card is issued under pursuant to a license from the great Visa USA. Since it is a prepaid debit card, you have to top up every time your balance is insufficient.
Debit cards are good options to carry large amounts of money as you move around. Carrying huge cash from one place to another is very risky since you may meet thieves who forcefully take the money from you. Moreover, the money in your house risks damage by accidental fires or floods. Furthermore, accessing your money via a card or online becomes convenient when paying for your goods and services.
How to send money using Walmart MoneyCard
As an account holder, you can carry out a Walmart to Walmart money transfer online. The transfer happens instantly since the accounts belong to the same institution. Again, you can only send money to people within the US. The following is the procedure to send money to others using the Walmart MoneyCard.
- Log in to your Walmart MoneyCard account.
- Navigate to Pay Bills and People.
- Select Pay People, and then go to Send Money.
- Enter the recipient’s email address or phone number, name, memo, and the amount of money to send.
- Tap “Continue” and review the information
- Select “Send Money” to complete the transaction.
How to use Walmart MoneyCard
There are various ways you can use your card. They include the following.
a) Buying goods and services
The Walmart MoneyCard allows you to shop online from various online merchants, including Walmart themselves. You can swipe your card on a POS system at a physical shop or enter your card’s details to pay online.
b) Withdraw at ATM
You can withdraw funds from an ATM using your card. There are some fees associated with ATM withdrawal. When withdrawing at a domestic point, a $0.50 ATM fee applies. Furthermore, an ATM operator fee of $2.50 also applies.
c) Send and receive money to others
Walmart MoneyCard allows you to send and receive money from others. You can only send money to people within the US. Even if you do not have a Walmart MoneyCard account, you can receive money and create one online to access your funds.
How to get a Walmart MoneyCard
Getting a Walmart MoneyCard is a straightforward activity that takes a short time to finish. You can apply for the card online at the Walmarts website or get it from the nearest Walmart store. To apply for the card, you must be at least 18 years old.
Once you have the card, the next thing is to activate and start using it. You require the Social Security Number to activate the card. For your information, every financial institution must get the Social Security Number for every applicant of an account. That way, it becomes easy to prevent criminals from opening accounts to fund their malicious activities.
You will also require a verified mobile phone number or email address and the Walmart MoneyCard mobile app to access all features. Generally, you require the following information.
- Social Security Number
- Physical address
- Date of birth
- 16-digit card number
- Expiration date
- 3-digit card security code
- Mobile phone number
To activate your Walmart MoneyCard, you can visit the card activation page and get started. You will start by entering the 16-digit card number, expiry date, and the card’s CVV, then hit Next to proceed with the next steps to complete the process.
Why Walmart MoneyCard?
There are various reasons why you should consider using the Walmart MoneyCard. They include the following.
i) Cash-back
You can earn 3% cash-back by using the card at Walmart.com. Furthermore, you can earn 2% cash-back at Walmart fuel stations and 1% cash-back at Walmart stores. Moreover, you can get up to $75 every year.
ii) Overdraft protection
Upon getting the card, you will be able to get overdraft protection of up to $200. Therefore, you will get peace of mind when using the card. You will be able to get three coverage levels for purchase transactions with an option to opt-in & eligible direct deposit.
iii) ASAP Direct Deposit
Direct deposit is among the best ways to transfer money between banks. The card allows you to get your pay up to 2 days earlier. Furthermore, you can get your benefits up to 4 days before the exact benefits day.
iv) High % APY on savings
You can earn a 2% interest rate when you open a savings account. The APY applies for up to a $1,000 balance in your savings account. You will also get an opportunity to win cash prizes every month.
v) Zero monthly fees
You have heard of financial institutions that require you to pay monthly fees when you open an account with them. Well, with Walmart MoneyCard, you can waive your monthly fee when you directly deposit $500 or more in the previous monthly period. If not so, you will part with $5.94 each month.
vi) Accounts for your family
You can also make your family members happy when you order a free account for up to additional approved members of ages 13 and above in the app with your active personalized Walmart MoneyCard card.
How to add money to Walmart MoneyCard
There are many ways you can add money to your account. They include the following.
1) Direct deposit
You can enroll in direct deposit to receive funds from your employer or government agency and load your paycheck with no fees.
2) Cash Deposit
You can deposit cash at no fees using the Walmart MoneyCard app at various Walmart stores countrywide.
3) Use mobile app
You can use the mobile app to add funds to your Walmart MoneyCard account from your existing bank account.
4) Walmart Rapid Reload
You can add cash to your card using the Walmart Rapid Reload. You only need to swipe your card at the register of a participating Walmart store.
5) Using check at Walmart
Walmart allows you to use a check to add money to your card account. Therefore, you can cash your eligible payroll or even a government check at Walmart to load your card account with no fees. Check cashing fees may apply. You can also enjoy one-stop shopping at the Walmart store.
6) Online bank transfer
The debit card supports online money transfer from your online bank account via an electronic fund transfer at no fee. However, your bank may charge some fees for the transaction. Remember that by doing so, you will be transferring money from one bank to the other, and to make a transfer of money from one bank to another, you require routing and account numbers. Therefore, you will need those details for your Walmart MoneyCard.
7) Tax refund
You can choose to directly deposit your tax refund to your Walmart MoneyCard, thus adding funds to your account. You can have automatic access to your money with no reload fees.
What should one do if the recipient does not get the funds?
Once you send money to others, they should receive it in their accounts. If they do not see any notification about the money you send, they should check their spam or junk mail folder. In case you send via a mobile number, it should be an active one. Your phone should be able to receive messages as well.
If your recipient does not receive a notification about the transfer, you can cancel the transaction and try again.
Can I cancel money sent to the wrong recipient?
If you accidentally sent money to the wrong number or email address, you should cancel the transaction as soon as you notice that. If the recipient has not yet taken the money, you will be lucky to reverse the transaction.
Sending money from one Walmart MoneyCard to another is like when you send money with a checking account number instantly since the funds reflect in the recipient’s account immediately.
However, if the money is not claimed, you can easily reverse it by moving to your Transaction History, clicking “Cancel,” and confirming the cancellation. Remember that Walmart is not liable for your mistake, and once the wrong recipient claims the funds, you cannot recover them unless you use legal means. Therefore, it is essential to crosscheck every detail before hitting send.
Can I transfer money from the Walmart MoneyCard account to a bank account?
For now, Walmart MoneyCard only receives money from a bank account. Therefore, you cannot transfer money from your Walmart MoneyCard to your bank account, nor can you transfer money to someone else’s bank account.
Most debit cards allow you to send money to bank accounts, but the terms and conditions of Walmart MoneyCard do not allow that.
Bottom line
Walmart is an American multinational company that owns a series of retail stores. The company operates online and also has physical branches. Walmart has the Walmart MoneyCard debit card that you can use for various kinds of transactions. You can load money to your card account using a bank account, direct deposit, and receiving money from others. You cannot transfer funds to a bank account using the Walmart MoneyCard.
