Walmart Money Card
Things We Like
Things We Dislike
Walmart, the world’s largest retailer, is known above all for two things: low prices and a huge selection of products. The Walmart Money Card, not surprisingly, also aims to be low cost and full of choices. For the Basic card you will pay a $3 activation fee, a $3 monthly fee, and in return get free ATM withdrawals from any ATM in the expansive MoneyPass network. If you go for the Plus, Specialty or Preferred card, your fees will be higher. It has a bill pay option, but you have to go to Walmart to use it. Checking your account balance and activity is possible on a mobile website but not an app. And although there are several loading fees (some of them free, some up to $3) card-to-card transfers are not possible.
The Walmart offering is by no means extraordinary. There are no exceptional features, with the possible exception of earning points for the purchase of gas, a deal that lasts only until the end of 2013. Even though it is easy enough to understand the card’s fee structure, the rest of the cardholder agreement is a jumble of confusing fine print.
This card is issued as both a Visa and a MasterCard and is available at all Walmart retail locations as well as online. Obtaining a card online will save you the $3 you’d otherwise have to pay if you get a card in a store. Funds on the card are FDIC insured.