Reviews (US)

Walmart MoneyCard review – Overdraft protection up to $200!

Are you looking for the best prepaid debit card? So, check out our review of the Walmart Moneycard, which offers overdraft protection, cash back, and more!

by Aline Augusto

02/21/2022 | Updated on 03/07/2023

Walmart Moneycard: get bonus and cash back!

Learn all about the Walmart MoneyCard in our comprehensive review. Source: The Mister Finance.
Learn all about the Walmart MoneyCard in our comprehensive review. Source: The Mister Finance.

Are you looking for a financial tool that is reliable, user-friendly and always at the ready? If so, then our Walmart Moneycard review might give you answer to your needs.

This prepaid debit card balances convenience with affordability – allowing users to enjoy both cost savings and ease of use. Plus, it gives you access to all of the benefits of a traditional banking account without any of the drawbacks.

In this review, we’ll take an in-depth look at the features, pros, cons, and fees of using the Walmart Moneycard so that you can make an informed decision about whether it’s right for your wallet.

Credit ScoreAll credit types are considered
Bank and ATM Fees$5.94 monthly fee that can be waived if $500 or more is loaded;
$2.50 ATM fee;
$5.95 cash reload fee (free if you use the app at Walmart);
$0.50 as ATM balance inquiry;
$1 activation fee;
3% for international transactions;
$5.95 for 12 paper checks;
$3 for standard card replacement and $15 for expedited delivery
Cash Withdrawals $2.50
Welcome bonus$20 bonus (terms and conditions apply)
Rewards3% cash back at Walmart.com;
2% cash back at Walmart fuel stations;
1% cash back at Walmart stores;
Up to $75 each year
Walmart Moneycard

How to apply for a Walmart Moneycard debit card?

Earn cash back while shopping at Walmart with a Walmart Moneycard! Check out how to apply for it!

How does the Walmart Moneycard work?

As a prepaid debit card, you need to reload your card to use it. This is an excellent tool for those who get lost on purchases and bills.

Also, the card is best for people who want to avoid traditional bank accounts.

But you need to be a regular frequenter at Walmart. Plus, by using this debit card, you earn 3% cash back at Walmart.com, 2% cash back at Walmart fuel stations, and 1% cash back at Walmart stores, up to $75 per year.

The direct deposit is fast, and it offers overdraft protection.

Although there are fees, you can waive the monthly fee by depositing at least $500 in the previous monthly period.

There is a savings account that provides you with a 2% interest rate on up to a $1,000 balance, as well.

And you add members to accounts for free so that you can transfer money and get free bill pay between friends and family.

Walmart Moneycard benefits

Keep reading our Walmart Moneycard review to learn the pros and cons. Source: Adobe Stock.
Keep reading our Walmart Moneycard review to learn the pros and cons. Source: Adobe Stock.

The Moneycard is a reloadable debit card full of perks. It features cash back on purchases at Walmart, interest on the savings account, ASAP direct deposit, and overdraft protection.

Plus, free accounts for your family, no monthly fee when you direct deposit at least $500 in the previous monthly period, and more.

Take a look at the list of pros and cons.

Pros

  • Get a $25 bonus when you direct deposit your federal or state tax refund to your WalMart MoneyCard account and receive a qualifying new direct deposit of $500+. (Terms apply)
  • The possibility of waiving your monthly fee when you direct deposit $500+ in previous monthly period.
  • Earn 3% cash back at Walmart.com, 2% cash back at Walmart fuel stations, and 1% cash back at Walmart stores (up to $75 each year).
  • Earn 2% interest rate on up to $1,000 balance in your savings account.
  • Get chances to win cash prizes each month!
  • Added peace of mind with three coverage levels, up to $200, for purchase transactions with opt-in and eligible direct deposit. (Terms apply)

Cons

  • It charges some fees (read terms and conditions before applying).

Pre-approved credit cards for low credit score available now

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How good does your credit score need to be?

Walmart’s MoneyCard is an attractive option for anybody looking for a simple, convenient way to manage their finances.

The card comes with numerous benefits and perks, and it’s surprisingly easy to get approved—you don’t even need perfect credit.

While Walmart doesn’t advertise exactly what kind of credit score they look for, you can feel confident that as long as you don’t have drastic red flags on your report, Walmart should be able to match you with a MoneyCard.

How to apply for a Walmart Moneycard?

Designed with convenience and security in mind, the Walmart Moneycard prepaid debit card can simplify how you save and spend -all without requiring a credit check or bank account.

Read on to learn how easy it is to apply for it and start managing your money better today!

Walmart Moneycard

How to apply for a Walmart Moneycard debit card?

Earn cash back while shopping at Walmart with a Walmart Moneycard! Check out how to apply for it!

About the author

Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by

Aline Barbosa

Senior Editor

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