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Can the Walmart MoneyCard behave as a bank checking account?

Can the Walmart MoneyCard behave as a bank checking account?

A checking account comes in handy for bills and everyday expenses whereas a savings account is an ideal place to earn interest and hold cash for long-term and short-term goals.

Nevertheless, this really isn’t the option that is only spending bills.

The Walmart MoneyCard can also be ideal for handling money, yet you may wonder whether this card can be utilized the exact same as a bank account.

The answer that is short yes. But before you go out and acquire a Walmart MoneyCard, right here’s what you ought to understand.

What is the Walmart MoneyCard?

To place it clearly:

A Walmart MoneyCard is just a reloadable prepaid credit card.

That is distinct from a bank debit card since it’s maybe perhaps not associated with a banking account.

However, the Walmart MoneyCard is supported by a major bank — Green Dot Bank — therefore it provides numerous top features of a bank checking account.

No overdrafts permitted

A benefit that is huge of Walmart MoneyCard is the fact that you don’t have to worry about overdraft costs.

This is certainly you load onto the card because you’re only allowed to spend what. In addition, there’s no credit check since it isn’t a charge card.

With that said, everyone can get a Walmart MoneyCard despite their credit rating.

The card does feature a Visa or MasterCard logo design, but, in order to pull it down anywhere these cards are accepted and relish the advantages of credit cards.

That which you Get With All The Walmart MoneyCard

The above mentioned options that come with the Walmart MoneyCard just scrape the top.

For the many part, this card was created to allow you to easily manage finances.

Consequently, you’ll enjoy the next benefits that are additional

1. Get a merchant account quantity and a number that is routing

Although the Walmart MoneyCard is not a old-fashioned bank checking account, it does feature a routing quantity and a free account quantity.