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Walmart MoneyCard Adds 2% High Yield Savings Account, Free Cash Deposits and Family Accounts
Updated Mobile App Brings Enhanced Digital Banking and Cash Management to MoneyCard Customers
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200526005264/en/
Now, in addition to gaining Prize Savings sweepstakes entries for dollars saved in the savings account, MoneyCard cardholders will earn 2% interest (APY) on savings1. The new High Yield Savings Account is just another example of how
“Now more than ever, consumers are looking for ways to manage their money for less, while saving as much as they can. The new
- ASAP Direct Deposit: Get your pay up to 2 days before payday or your government benefits up to 4 days early with ASAP Direct Deposit.
High Yield Savings: 2% Interest on Savings within the
Walmartsavings account included within the MoneyCard App. You can easily move money into and out of your savings account at any time by simply tapping the Save or UnSave button.
Free Cash Deposits: Cash deposits to your MoneyCard are now free at any
WalmartMoney Center or Customer Service area when using the MoneyCard mobile app. The mobile app generates a unique barcode for the cashier to scan and funds are available within 10 minutes.
- Free Family Accounts: The primary cardholder can assign up to four additional MoneyCards to family members 13 years and older for free, giving busy families a digital alternative to cash to manage and share their money.
Cash Back Rewards: The 3-2-1 Save cash back program provides all qualifying cardholders in the
U.S.and Puerto Ricowith 3% Cash Back at Walmart.com, 2% Cash Back at Walmartfuel stations, and 1% Cash Back at Walmartstores, up to $75each year.
Monthly Fee Waiver: Waive your monthly fee when you deposit
$1,000or more to your account each month.
Bank Transfers: Use the app to add money to your
WalmartMoneyCard from your existing bank account.
Prize Savings: In addition to earning 2% interest on savings and cash back rewards on spending, customers also earn entries into the monthly Prize Savings sweepstakes. Once in the savings account, each dollar earns an entry for one of 1,000 cash prizes every month (one grand prize of
$1,000and 999 $25prizes).
Free Cash Withdrawal: Get cash withdrawals from your card for free at
WalmartMoney Centers and Customer Service desks.
EMV Chip Security: Personalized
WalmartMoneyCards now include EMV chips, providing additional security to your account.
Account Lock Security: Ability to Lock and Unlock your account through your mobile phone. When locked, your
WalmartMoneyCard cannot be used to spend or access cash at ATMs.
Consumers can learn more about the
Consumers can open an account online at WalmartMoneyCard.com or get a starter debit card by visiting the Money Center in their neighborhood
About Green Dot
1 Customers are eligible to earn 2% APY up to a
Source: Green Dot