Walmart Prepaid Visa

The Walmart prepaid Visa card is offered by this merchant at their local stores. This card is not available in every state, but can be used anywhere Visa cards are accepted.

Walmart offers prepaid cards as well as credit cards.

Prepaid versus Credit

The Walmart prepaid Visa card, called the "Walmart MoneyCard", is a prepaid debit card featuring the Visa logo. There is no credit account associated with the card. Instead, the available balance is the amount of money loaded onto the card by the cardholder minus any fees. The card cannot be used to purchase items on credit and should not be confused with the credit card offered through this merchant.

Once the balance on this Walmart prepaid card is exhausted, no more purchases can be made unless the balance is replenished by the cardholder.

Check Cashing

One of the most convenient features of this card is the check cashing feature. Cardholders can go to any Walmart register and present a payroll or government check and request the check be cashed for a small fee. They also have the choice of placing a portion of the check onto the card as part of the card's balance for later spending. Adding to the balance with part of a cashed check will not incur the usual reloading fee.

This is a valuable feature for cardholders who do not have a bank account. Instead of paying fees at a financial institution to cash payroll and government checks – or visiting a check cashing facility and paying exorbitant fees – customers can have their checks cashed at the same place they do their shopping.

No Bank Account, No Problem

This card is designed to be a convenient product for customers who do not have bank accounts at traditional financial institutions. With this prepaid Visa card there is no need for a bank account to conduct simple transactions such as cashing a payroll check or having payroll directly deposited for easy access. Cardholders can request that employers directly deposit payroll onto the card, making it easy to access the funds without going through the actions of cashing a check.

There is no credit check required for this card because there is no credit extended. The card is reloadable in a variety of ways:

• By giving funds to a Walmart cashier to apply to the card
• By direct deposit
• Online using a Green Dot MoneyPak

It is also important to note that cardholders can also sign up for bill pay using the Walmart Prepaid Visa card. Utilities, rent payments and any other recurring obligations can be paid through this card.

Fees

This card has a wide variety of fees. Some of the fees are waived in certain situations - such as the balance reloading fee that is waived when the funds from a cashed check are applied directly to the card. Special promotions offered by Walmart often result in fees being waived for a certain amount of time.

Cardholders can expect to pay these fees with this Prepaid Visa card:

• Initial purchase fee of $3
• Reloading fee of $3
• Additional card fee of $3
• ATM usage fee of $2, in addition to fees charged by the ATM
• Monthly account maintenance fee of $3

Although there are quite a few fees, there are some transactions with this card that do not have fees:

• Purchases
• Customer assistance via telephone
• Cash back at a Walmart register
• Balance inquiries at a Walmart register

Cardholders can minimize fees by conducting transactions at Walmart locations, but the monthly fee will remain.

Purchase a Walmart Prepaid Visa Card

Visit a participating Walmart to purchase a prepaid Visa card. Not all Walmart locations offer these cards. Find out if your local Walmart offers these cards by visiting the Walmart MoneyCard website.

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