Walmart MoneyCard

Description

The Walmart MoneyCard app puts a full-featured prepaid debit card experience right in your pocket. It's designed to help users manage their finances with easy access to their Walmart MoneyCard account anytime and anywhere. The app allows you to check your balance, track spending and even deposit checks directly from your smartphone. You can also set up direct deposit, pay bills and transfer money between accounts without visiting a physical location. Walmart's financial services team has created this app to complement their popular prepaid card that works anywhere Visa or Mastercard debit is accepted.

Key Features

• Mobile Check Deposit: Take a photo of your check and deposit it directly to your MoneyCard. The app guides you through the process making it quick and simple to add funds without visiting a store.
• Cash Back Rewards: Earn 3% cash back at Walmart.com, 2% at Walmart fuel stations and 1% at Walmart stores. These rewards are automatically added to your account balance each month, helping you save money on everyday purchases.
• Family Accounts: Add up to four family cards to your primary account for family members age 13 and older. You can monitor spending across all cards and easily transfer money between family members' accounts.
• Savings Vault: Set aside money in a separate savings vault that earns interest on balances up to $1,000. The app lets you set savings goals and schedule automatic transfers to help build your savings habit.

Tips for Using Walmart MoneyCard

1. Set up direct deposit to get your paycheck up to 2 days early and avoid check-cashing fees. You'll need your account and routing numbers from the app's direct deposit section to provide to your employer.
2. Enable notifications to receive alerts about transactions, deposits and when your balance gets low. This helps you stay on top of your finances and avoid declined transactions due to insufficient funds.
3. Use the budgeting tools to categorize your spending and track where your money goes each month. The visual breakdowns make it easier to identify areas where you might be able to cut back and save more.
4. Take advantage of the bill pay feature to schedule recurring payments for utilities and other expenses. This ensures you never miss a payment deadline and helps you avoid late fees that can add up quickly.

How to Download and Use Walmart MoneyCard

1. Download the app by clicking on the Google Play Store button if using Android, or use the Apple Store button for iOS. The app is free to download but you'll need to either have a Walmart MoneyCard already or apply for one through the app.
2. Create your account by entering your MoneyCard information or applying for a new card directly in the app. You'll need to provide personal information including your name, address, date of birth and Social Security number to verify your identity.
3. Add money to your card using direct deposit, bank transfer, cash at a Walmart store or by depositing a check through the app. Once your card is funded, you can start using it for purchases online or in stores just like any debit card.

Final Thoughts

After using the Walmart MoneyCard app extensively, I've found it to be one of the better prepaid card apps on the market for everyday users. The interface is straightforward and the cash back rewards actually add up if you shop at Walmart regularly. I particularly appreciate the savings vault feature which has helped me set aside emergency funds with minimal effort. The family account option is also a standout for parents looking to teach teens about money management. While there are some fees to be aware of, they're generally lower than many competing prepaid cards and the benefits outweigh the costs for most users who don't have or want a traditional bank account.