Walmart MoneyCard review: fees, limits and how it works
Regular Walmart shoppers
Quick answer: The Walmart MoneyCard is a reloadable debit card issued by Green Dot Bank. It costs $5.94 a month unless you receive $500 or more in payroll or government benefits direct deposits in the previous monthly period, which waives the fee. Cash reloads at Walmart through the app are free. It suits regular Walmart shoppers.
Best for: Regular Walmart shoppers
Pros
- Cash back: 3% at Walmart.com and in the app, 2% at Walmart fuel stations, 1% in Walmart stores, up to $75 a year
- 2% APY on savings vaults, on up to $1,000
- Free cash reload at Walmart
Cons
- Monthly fee without $500 direct deposit
- Cash back capped at $75 a year
What the Walmart MoneyCard costs per month
| If you… | Monthly cost | How it adds up |
|---|---|---|
| $500 or more in direct deposits, cash reloads at Walmart through the app | $0 | The $5.94 monthly fee is waived after $500 or more in payroll or government benefits direct deposits in the previous monthly period, and cash reloads at Walmart through the app are free. |
| Under $500 in direct deposits, cash reloads at Walmart through the app | $5.94 | The monthly fee applies because the direct deposit threshold wasn't met; reloading cash at Walmart through the app adds nothing. |
Who it suits
Good fit if
- Regular Walmart shoppers who want cash back on Walmart purchases
- People with $500 or more a month in direct deposits
- Adding cash for free at Walmart through the app
Skip it if
- Your monthly direct deposits are under $500
- You reload cash at stores other than Walmart
- You want to build credit
Fees
| Monthly fee | $5.94 a month, waived with $500+ in direct deposits in the previous monthly period |
| Other | Cash reload at Walmart is free through the app; a fee applies at other network retailers |
| Other | ATM fees; see the fee schedule |
How to get and load it
Open online at walmartmoneycard.com or buy at Walmart. 18+ and SSN verification required.
- Direct deposit
- Cash reload at Walmart
- Bank transfer
Activation
Activate before use and complete identity verification. See our step-by-step activation guide.
Deposit protection and credit building
Protection: Issued by Green Dot Bank, Member FDIC. FDIC coverage applies to deposits.
Credit building: No
Walmart MoneyCard FAQs
Does the Walmart MoneyCard have a monthly fee?
Monthly fee: $5.94 a month, waived with $500+ in direct deposits in the previous monthly period. Other charges to check: Cash reload at Walmart is free through the app; a fee applies at other network retailers; ATM fees; see the fee schedule.
How do I activate the Walmart MoneyCard?
Activate before use and complete identity verification.
Is money on the Walmart MoneyCard insured?
Issued by Green Dot Bank, Member FDIC. FDIC coverage applies to deposits.
Does the Walmart MoneyCard build credit?
No
How do I add money to the Walmart MoneyCard?
You can load it by direct deposit, cash reload at Walmart, bank transfer.
Official Green Dot (Green Dot Bank) site
Sources: www.walmartmoneycard.com · www.walmartmoneycard.com. Fees change; confirm on the official fee schedule.