If you’ve ever purchased anything at any Walmart outlet, you probably have noticed them issuing debit cards. So, it gets you 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 terms and conditions. But first, get to learn more about the company and how it operates.
What is Walmart MoneyCard?
According to Transfer Money, Walmart is a US-based multinational company that operates a chain of grocery stores, hypermarkets, and discount department stores. With its headquarters in Bentonville, Arkansas, the corporation allows you to 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’re unwilling to use or have a bank account to pay for the products or services, Walmart’s MoneyCard, which has a convenient debit card, is the only solution to solve your problems. Walmart MoneyCard’s advantage over banking solutions is it lacks credit checks. So, that means you don’t have to foot overdraft charges. Here is a step-by-step guide to help you transfer funds from your MoneyCard to another card.
How to go about it
Transferring funds from your Walmart MoneyCard works primarily online. However, before sending the funds, confirm if the card is compatible with accounts belonging to the same corporation. Also, make sure the person you intend to send the money to is within the US. After meeting these conditions, follow these steps:
Step 1: Go to Your Walmart MoneyCard Account
As long as you’re 18 years and over, getting a Walmart MoneyCard Account should be easy. You can set up your account through Walmart’s official website or go to 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”
Because you don’t intend to pay bills, clicking the “Pay People” icon would be practical. Next, press “Send Money.”
Step 4: Entering the recipient’s personal and card details
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 how much you want to send. Once you’ve entered this crucial information, jump to the next step.
Step 5: Click “Continue” for verification purposes
Like any other banking solution, Walmart MoneyCard will require you to confirm if the details you entered are correct. Therefore, click “Continue” to help you review the information.
Step 6: Click “send money” for the transaction to be complete
You will know the transaction is successful once you receive an alert or notification via email or text message.
Are my funds secure?
Yes. The Walmart MoneyCard Visa Card is secure, fast, and efficient. Because Green Dot Bank supports the visa card, you don’t have to worry about your funds disappearing should Walmart go bankrupt or collapse. According to Transfer Money, you’re at liberty to insure your card under FDIC and deposit up to $250,000. Also, remember to recharge your card with funds to keep it active.
Can I send money to someone outside the US?
No. Walmart MoneyCard visa card is designed primarily for US residents alone. If you want to send money to anyone outside the US jurisdiction, you might need to seek alternative banking options.
Now that I have the card, what next?
After receiving your card online or from any Walmart store, the next step is to activate and start using it. But first, you must submit your Social Security Number to activate it. They need your SSN to keep track of your transaction activities, ensuring you aren’t a fraudster using the card for malicious gains.
What do I gain from having a Walmart MoneyCard?
Considering how easy online banking has become nowadays, you need a Walmart MoneyCard due to the following reasons:
1. To purchase goods and s ervices
The Walmart MoneyCard is a fast, secure, and efficient solution to purchasing goods and services online. Alternatively, you can go to any outlet and swipe your card via 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 point, Walmart might charge you a $0.50 ATM fee. But if you go to an operator, you might need to part with $2.50. essentially, it’s a card you’ll need to carry everywhere you go.
3. Deposit, send, or receive money from other people
Whether your gas has run out or you need to pay utility bills and your card’s balance is insufficient, you don’t need to worry if you have a MoneyCard. You need to contact your loved one, provided they are in the US, to send you money. In addition, you can still receive funds even if you haven’t opened a MoneyCard account yet. However, it will be in your best interest to open the account because you never know when such problems may arise.
How do I recharge my account in case of insufficiency?
You have three options: Direct deposit from your employer or federal agency, Deposit via cash at any Walmart outlet countrywide, or Use your mobile app.
Moving money from your Walmart MoneyCard to another has never been easy as long as you meet the above conditions. The card allows you to buy goods and services and send or receive money from other people living in the US. Should you get stuck when making the transfer, contact any Walmart agent or go to your local store for assistance.
Written by Dana Hanson
Read more posts by Dana Hanson