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Walmart MoneyCard to roll out new features

Wednesday 27 May 2020 11:00 CET | News

Walmart and US-based financial technology and bank holding company Green Dot have announced updated features for the Walmart MoneyCard reloadable debit card programme.

According to the press release, the Walmart MoneyCard, issued by Green Dot Bank, will provide accountholders with a 2% annual percentage yield on money saved in the integrated savings account, up to four additional MoneyCards for family members 13 years of age and older, free cash deposits, and the ability to add money to your card from an existing bank account.

Moreover, in addition to gaining Prize Savings, MoneyCard cardholders will earn 2% interest (APY) on savings. Other features and benefits, available at Walmart stores or online at WalmartMoneyCard.com, include:
  • ASAP Direct Deposit – consumers can pay up to 2 days before payday or their government benefits up to 4 days early.

  • Cash Back Rewards –  the 3-2-1 Save cash back programme provides all qualifying cardholders in the US and Puerto Rico with 3% cash back at Walmart.com, 2% cash back at Walmart fuel stations, and 1% cash back at Walmart stores, up to USD 75 each year.

  • Monthly Fee Waiver – consumers can waive their monthly fee when they deposit USD 1,000 or more to their account each month.

  • Free Cash Withdrawal – consumers get cash withdrawals from their card for free at Walmart Money Centers and Customer Service desks.

  • EMV Chip Security – personalised Walmart MoneyCards include EMV chips, providing additional security to user accounts.

  • Account Lock Security –  the ability to lock and unlock an account through the mobile phone. When locked, the Walmart MoneyCard cannot be used to spend or access cash at ATMs.


More: Link


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Keywords: Walmart, US, Walmart MoneyCard, Green Dot Bank, accountholders, cards, free cash deposits, direct deposit, cash back rewords, EMV chip, savings account
Categories: Payments & Commerce | Cards
Countries: United States
This article is part of category

Payments & Commerce