If you’ve ever bought anything at any Walmart outlet, you’ve probably noticed that they issue debit cards. So you are wondering if you can use the card to withdraw funds or transfer to another card. Walmart debit cards can also be used to transfer funds to another card, provided you meet specific conditions. But first, learn more about the company and how it works.
What is Walmart MoneyCard?
According to the money transfer, Walmart is a United States-based multinational corporation that operates a chain of grocery stores, hypermarkets and discount department stores. Headquartered in Bentonville, Arkansas, the company lets you use your Walmart MoneyCard to pay for products and services online. Walmart introduced the MoneyCard as an alternative to traditional banking solutions. So, if you don’t want to use or have a bank account to pay for the goods or services, Walmart’s MoneyCard, which has a convenient debit card, is the only way to solve your problems. The advantage of Walmart MoneyCard over banking solutions is that it lacks credit checks. This therefore means that you do not have to pay overdraft fees. Here’s a step-by-step guide to help you transfer funds from your MoneyCard to another card.
How to do it
Transferring funds from your Walmart MoneyCard works primarily online. However, before sending the funds, check if the card is compatible with accounts belonging to the same company. Also make sure that the person you intend to send the money to is in the United States. After fulfilling these requirements, follow these steps:
Step 1: Access your Walmart MoneyCard account
As long as you’re 18 or older, getting a Walmart MoneyCard account should be easy. You can set up your account through the official Walmart website or visit any physical store for the same. Once your account is activated, log in.
Step 2: Go to Pay Bills and People
You will see the “Pay Bills and People” on your account. Click the icon.
Step 3: Choose “Pay People”
Since you don’t intend to pay bills, clicking the “Pay People” icon would be handy. Next, tap “Send Money”.
Step 4: Entering the recipient’s personal information and card
Walmart may need to know the person you intend to send the money to. Once you click “Send Money”, the site will direct you to the recipient’s email address or phone number. They will also need to know their memo, name, and the amount you want to send. Once you have entered this crucial information, proceed to the next step.
Step 5: Click “Continue” for verification
Like any other banking solution, Walmart MoneyCard will ask you to confirm if the details you have entered are correct. Therefore, click “Continue” to help you review the information.
Step 6: Click “send money” for the transaction to be completed
You will know that the transaction was successful once you receive an alert or notification via email or SMS.
Are my funds secure?
Yes. The Visa Walmart MoneyCard is secure, fast and efficient. Since Green Dot Bank supports Visa card, you don’t have to worry about your funds disappearing if Walmart goes bankrupt or collapses. According to the money transfer, you are free to insure your card with the FDIC and deposit up to $250,000. Also, don’t forget to top up your card with funds to keep it active.
Can I send money to someone outside the United States?
No. The Walmart MoneyCard visa card is designed primarily for US residents only. If you want to send money to someone outside of US jurisdiction, you may need to research other banking options.
Now that I have the card, what next?
After you receive your card online or at any Walmart store, the next step is to activate it and start using it. But first you need to submit your social security number to activate it. They need your SSN to track your transaction activities, ensuring that you are not a fraudster using the card for malicious purposes.
What do I get for having a Walmart MoneyCard?
Considering how easy online banking has become these days, you need a Walmart MoneyCard for the following reasons:
1. To purchase goods and services
The Walmart MoneyCard is a fast, secure and efficient way to buy goods and services online. Alternatively, you can walk into any outlet and swipe your card through the POS system and have whatever the store offers.
2. ATM withdrawals
The card is also designed for ATM withdrawals at competitive fees. If your only option is to withdraw your funds from a local location, Walmart may charge you an ATM fee of $0.50. But if you go to a carrier, you might have to part with $2.50. essentially, it’s a card you’ll need to take with you wherever you go.
3. Deposit, send or receive money from others
Whether your gas is running out or you have utility bills to pay and your card balance is low, you don’t have to worry if you have a MoneyCard. You must contact your loved one, provided they are in the United States, to send you money. Plus, you can still receive funds even if you haven’t opened a MoneyCard account yet. However, it will be in your interest to open the account as you never know when such issues may arise.
How to recharge my account in case of insufficiency?
You have three options: direct deposit with your employer or a federal agency, cash deposit at any Walmart outlet nationwide, or use your mobile app.
Transferring money from your Walmart MoneyCard to another has never been easy as long as you meet the above requirements. The card lets you buy goods and services and send or receive money from other people living in the United States. If you get stuck transferring, contact a Walmart agent or visit your local store for assistance.