Walmart Prepaid MoneyCard Review

A Low-priced Prepaid Card from Walmart, with Gas Rewards

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Finding the right prepaid card can be difficult. So many cards price gouge consumers and charge annoying transaction fees. The Walmart MoneyCard is one of the cheapest prepaid cards on the market and offers cash back rewards on certain purchases. If you're looking for a prepaid card, you should consider the Walmart MoneyCard. Walmart also offers additional services through their GoBank offering.

About the Walmart MoneyCard

The Walmart MoneyCard is a reloadable prepaid debit card that you can use to make electronic purchases everywhere MasterCard or Visa debit cards are accepted.

Your card will come with many of the same features as a checking account. Use your card for direct deposit and get paid up to two days early. Use mobile check deposit to cash checks and load them to your balance. Write checks against your balance to pay bills and other expenses, or use the card's free online bill pay service.

If you have an Apple or Android smartphone, you can download the Walmart MoneyCard App to track the activity on your prepaid card.

Walmart MoneyCard Rewards

While most prepaid cards charge fees, the Walmart MoneyCard pays cash back rewards based on the purchases you make on your card. Earn 3% at Walmart.com, 2% at Murphy USA and Walmart fuel stations, and 1% at Walmart stores. The total cash back you can earn is capped at $75 and is credited to your account at the end of the Reward Year.

To earn your rewards, you must have paid your monthly charge or have had it waived in a period of 12 months.

How to Reload Money Onto Your Card

There are a few ways to reload funds onto your Walmart MoneyCard.

  • Direct deposit
  • Walmart check cashing: You can load the card with personal checks written to you, payroll checks, insurance agency checks, money orders, cashier’s checks, rebate checks, stock dividend checks, tax refunds, federal, state, and municipal government checks, and payroll or other government checks in any amount.
  • Rapid Reload with cash at participating Walmart stores: Load any amount from $20 to $1,500. Rapid Reload has a service fee of $3.
  • Using a MoneyPak: MoneyPaks can be purchased for $5.95 at a participating retailer. Add $20 to $500 and complete your transaction at MoneyPak.com.
  • Online bank transfers from your bank to your card.

The maximum daily cash reload limit is $3,000. You can't reload any cash onto your card if your current balance is over $3,000. You can only have a maximum of $10,000 on your card at any time, and you can only use your card for $3,000 in daily transactions. You can only withdraw $500 from an ATM, $1,000 from a Walmart register daily, and $1,500 from a teller transaction at a participating bank.

Walmart MoneyCard Pricing

Card Purchase Fee $1.00
Monthly Charge* $5.00
Direct Deposit Reload No fee
Reload via Walmart check cashing No fee
Rapid Reload $3.00
Reload with cash on the Green Dot Network Up to $5.95
ATM Withdrawal $2.50
ATM Balance Inquiry $0.50
Cashback with purchase No fee
Walmart card cashing No fee
Replacement card $3.00
Foreign transaction fee 3%
Same day online bank transfer $2.95
Standard online bank transfer No fee

While there are lots of potential fees, most of them can be avoided. After you've purchased your card, it's possible to use it for absolutely free.

*You can have your monthly charge waived when you've loaded $1,000 or more to your card during the previous monthly period.

Article Sources

  1. Walmart MoneyCard. "About Our Product," Accessed Nov. 12, 2019.

  2. Walmart MoneyCard. "Paper Checks," Accessed Nov. 12, 2019.

  3. Walmart MoneyCard. "Cardholder Agreement," Accessed Nov. 12, 2019.

  4. Walmart MoneyCard. "Adding Money," Accessed Nov. 12, 2019.