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Key takeaways

  • The Walmart MoneyCard is a prepaid debit card that offers rewards and cash back on purchases made at Walmart.
  • The prepaid card offers early direct deposit, overdraft protection, and online account management with no monthly fees.
  • Walmart shoppers can enjoy the benefits of electronic transactions and rewards without the risk of accruing credit card debt.

The Walmart MoneyCard is a great prepaid card for anyone who loves shopping at America’s favorite superstore. It offers cash back rewards on everyday goods, gas, and more. Who doesn’t love the idea of making some extra cash effortlessly?

With the Walmart MoneyCard, you have the opportunity to make an easy $75 while enjoying a range of fantastic benefits. Including overdraft protection, early direct deposit, and a high APY on your savings. It’s hard to find a prepaid card with so many perks.

Let’s go over all the Walmart MoneyCard to see if it’s a good choice for you.

What is the Walmart MoneyCard?

The Walmart MoneyCard is a prepaid debit card issued by Green Dot Bank. You use it as you would a regular bank debit card but you don’t need a bank account to get it and it comes with a host of perks when you shop at Walmart.

You can use the Walmart MoneyCard anywhere Visa Debit or Debit Mastercard are accepted. Add money to it and you’re good to go.

Walmart’s prepaid debit card comes with a mobile app that makes it easy to manage your money. You can deposit checks or cash, monitor your balance, pay bills, transfer money, and more. It’s the perfect addition to a prepaid card.

My Favorite Prepaid Debit Card

I can do so many things with my Walmart debit card. Pay bills, no fee, transfered money, so many perks! Earning rewards is my favorite with my Walmart card. It is a great Debit Card.” M. Diane Sheer, Google Play Review

How to Apply

Applying for a Walmart MoneyCard is straightforward. You can either sign up online or purchase a starter kit at a Walmart MoneyCenter. Either way, your card will be delivered to your home within two weeks. Activate it, and you can start using it immediately.

You do have to be over 18 to apply and will need to verify your identity using your Social Security Number and email or phone number. To access all the features of the card, it’s best to download the mobile app. 

How to Add Money

There are several ways you can add money for free:

  • Mobile check deposit via the MoneyCard app
  • Link your paycheck direct deposits to your account
  • Transfer money from existing bank account
  • Add cash at Walmart stores using the MoneyCard app
  • Cash your check at Walmart stores and add the cash to your account, not available at all locations

You can also deposit cash at other reload locations for a fee of up to $5.95.

Why Choose the Walmart MoneyCard?

Get Rewarded for Your Everyday Purchases

One of the perks of the Walmart MoneyCard is the rewards program. Cardholders earn:

  • 3% at
  • 2% at Walmart fuel station
  • 1% at Walmart stores

You can earn cash back on Walmart purchases up to $75 per year!

This means you’re earning money every time you shop at Walmart and use your Walmart MoneyCard. Imagine earning money back just for buying the things you need!

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Early Direct Deposit

Waiting for payday can feel like an eternity, especially when you have bills to pay and expenses to cover. With the Walmart MoneyCard, you can say goodbye to those long waiting periods and hello to an early paycheck. 

Set up direct deposit and you can access your paycheck up to two days before your coworkers who use traditional bank accounts. Benefits can arrive up to 4 days early.

Imagine having your hard-earned money in your hands sooner! The Walmart Money Card ensures you receive your money promptly. It’s a convenient and efficient way to manage your finances and take control of your cash flow.

Highly Recommend

“This is the easiest, most convenient and it doesn’t cost money to send money and pay bills. Early direct deposit for my monthly income. I’ve been banking with Walmart Money Card for almost 5 years. I’ve never had a problem that they couldn’t fix promptly for free. I HIGHLY recommend this card or Banking system. When I call which is rarely, they’re always so nice and polite and take care of my needs PROMPTLY and kindly. And I want to say, I’m not being paid to write this Review. Thank You 💖 Lisa Powell, Google Play Review

Overdraft Protection

Nobody likes the feeling of accidentally overspending and facing a declined transaction or dreaded overdraft fees. The Walmart MoneyCard offers peace of mind with its overdraft protection of up to $200.

Overdraft protection works by covering the difference if you happen to spend more money than you have on your card. Instead of facing hefty fees or a declined transaction, the Walmart MoneyCard will step in and prevent your account from going into the negative. This way you don’t overspend and incur unnecessary fees.

No Monthly Fees

When it comes to managing your finances, every penny counts. Walmart knows this so does not charge a fee for their MoneyCard if you had direct deposits of $500+ the previous month. If not, it does charge a monthly fee of $5.94. This is a rare find in the world of prepaid cards and makes it an economical choice for budget-friendly Walmart shoppers.

The Walmart MoneyCard does come with a few fees: 

  • Card opening fee: $1
  • Maximum balance: $10,000
  • ATM withdrawal fee: $2.50 per withdrawal, plus ATM operator fee
  • ATM balance inquiry fee: $0.50
  • Withdraw cash at Walmart MoneyCenters: $0
  • Cash reload fee: $0 at Walmart, up to $5,95 at other retailers
  • Foreign transaction fee: 3%

I Approve!

“I’ve been using Walmart money card for years now. And because I’ve always had direct deposit so I’ve rarely ever had to pay a monthly fee. Not being able to have a regular bank account, this works just a well since there is an account and routing number. I have overdraft protection up to 200 dollars because of how much my direct deposits are weekly. I also shop a lot at Walmart so I can get little bits of money back on all purchases I make at Wal-Mart. Overall this is a good fit for me. Thanks” Donelle Smith, Google Play Review

2% APY on Savings

Saving money is always a smart financial move, and the Walmart MoneyCard makes it easy to save with a competitive annual percentage yield (APY) of 2%. In comparison, most big banks offer a measly 0.46% APY.

Here’s how it works: Any money you save on your Walmart MoneyCard will earn you interest at a rate of 2% APY. That means if you have $1,000 in savings, at the end of the year, you’ll earn $20 in interest. That’s money you didn’t have to work for—it’s money that grows on its own. 

The catch here is, you’ll only earn a 2% APY on the first $1,000 in your account. If you don’t have another savings account, that certainly is better than nothing.

Accounts for Your Family

Managing the finances of your entire family can be a challenging task. However, the Walmart MoneyCard makes it easier by offering the option to set up accounts for up to 4 family members. Members do have to be approved and over the age of 13. 

The feature is a great way to teach your kids about money management. You can:

  • Track their spending in real-time
  • Easily transfer money between accounts
  • Help them budget
  • Teach them how to save 

All in one convenient platform.

Additionally, by having all family members’ accounts in one place, you can streamline your family’s finances. Whether it’s for budgeting, tracking expenses, or transferring funds between family members, the Walmart MoneyCard provides a convenient and efficient solution.

Pros and Cons of the Walmart MoneyCard

The Walmart Money Card, a reloadable prepaid debit card, offers a variety of features and benefits, but also has some drawbacks. Here’s a comprehensive look at the pros and cons:


  1. No Credit Check:
    • The Walmart Money Card does not require a credit check, making it accessible to individuals with poor or no credit history.
  2. Direct Deposit:
    • Cardholders can set up direct deposit for their paychecks or government benefits, often receiving funds up to two days earlier than traditional banks.
  3. Cash Back Rewards:
    • Earn 3% cash back at, 2% at Walmart fuel stations, and 1% at Walmart stores.
  4. Walmart Benefits:
    • Exclusive savings and offers at Walmart stores and online.
  5. Money Management Tools:
    • The card comes with an app that provides budgeting tools, account alerts, and the ability to track spending.
  6. Bill Pay Services:
    • Pay bills online directly from your card account.
  7. Free Cash Reloads:
    • Reload cash at Walmart locations for free.
  8. Fraud Protection:
    • Zero liability protection against unauthorized transactions.


  1. Fees:
    • Monthly fee unless certain conditions are met, such as direct deposits totaling $500 or more per month.
    • ATM withdrawal fees, unless using a MoneyPass ATM.
    • Fees for card replacement, check deposit, and other services.
  2. Reloading Costs:
    • While cash reloads at Walmart are free, reloading at other locations can incur a fee.
  3. Limited Interest:
    • Funds do not earn interest, unlike some savings accounts.
  4. Limited Customer Service:
    • Some users report challenges with customer service, including long wait times and difficulty resolving issues.
  5. Usage Restrictions:
    • Some merchants or services might not accept prepaid debit cards.
  6. Withdrawal Limits:
    • Daily cash withdrawal limits, which might be inconvenient for some users.
  7. No Overdraft:
    • Unlike traditional checking accounts, there is no overdraft protection, which can be a limitation for some users.

The Walmart Money Card can be a convenient and rewarding option for individuals looking for a prepaid debit card with no credit check and direct deposit benefits. However, users should be aware of the associated fees and limitations. It’s a good choice for those who frequently shop at Walmart and can meet the conditions to avoid monthly fees.

Who is the Walmart MoneyCard Best For?

The Walmart MoneyCard is a solid option for frequent Walmart shoppers. You earn cash back rewards up to 3% on items you’re going to purchase anyway.

It’s ideal if you have a low credit score or a spotty bank record and have a hard time opening a traditional bank account. The Walmart MoneyCard does not conduct a credit check and has low to no fees making it more accessible.

Lastly, parents seeking to teach their kids financial responsibility may also benefit from the Walmart MoneyCard’s family accounts.

Final Thoughts

The Walmart MoneyCard is more than just a prepaid debit card. It offers a wide range of features that make it an ideal choice for Walmart shoppers looking to earn cash back and save money. With the Walmart MoneyCard, users can earn 3% cash back on purchases made at, 2% cash back at Walmart fuel stations, and 1% cash back at Walmart stores. This makes it a great option for frequent Walmart customers who want to maximize their savings.

In addition to cash-back rewards, the Walmart MoneyCard also provides a suite of money management tools, including a mobile app for budgeting, account alerts, and spending tracking. Users can set up direct deposits to receive their paychecks or government benefits up to two days earlier than with traditional banks. The card also offers bill pay services, making it easy to manage and pay bills directly from the card account.

Moreover, the Walmart MoneyCard comes with free cash reloads at Walmart locations, fraud protection, and no credit check requirement, making it accessible to individuals with poor or no credit history. Whether you’re looking to earn cash-back rewards, save money, or manage your finances more effectively, the Walmart MoneyCard might just be the financial ally you’re looking for.

About the author

Rachel Alulis

Rachel Alulis has been the lead editor for Moneyfor’s credit cards team since 2015 and for the financial rewards team since 2023. Before joining Moneyfor, Rachel worked at USA Today and the Des Moines Register. She then established a successful freelance writing and editing business specializing in personal finance. Rachel holds a bachelor’s degree in journalism and an MBA.