
The Walmart Money Card is a popular option for those who need a reloadable prepaid card. The card can be loaded with funds at any Walmart store, and it can be used to make purchases online and in-store.
There is no monthly fee associated with the Walmart Money Card. This is a major advantage over other prepaid cards that may charge monthly fees.
To use the Walmart Money Card, you'll need to load funds onto it first. This can be done at a Walmart store or online through the Walmart website.
The Walmart Money Card has a range of fees, including fees for ATM withdrawals and balance inquiries. However, these fees can be avoided with careful use of the card.
Does Walmart Money Card Charge a Monthly Fee?
The Walmart MoneyCard charges a monthly fee of $5.94, unless you qualify for a waiver. This waiver is available if you receive direct deposits of $500 or more in the previous month.
The monthly fee is assessed on the same day each month, and each monthly fee period begins the day your monthly fee is assessed and ends the day before your next monthly fee is to be assessed.
If you purchase a limited-use starter card at a Walmart store and don't use or register it, your first monthly fee will be assessed 90 days after the date you purchased the card.
Here are the details on when the monthly fee is waived:
- Direct deposits of $500 or more in the previous month waive the monthly fee
- Family Accounts do not incur a separate monthly fee
- Direct deposits to a Family Account do not count towards the waiver
Fees and Charges
The Walmart MoneyCard has a range of fees that you should be aware of before using the card. The monthly service fee is $5.94, but it's waived if you had direct deposits totaling $500 or more in the previous month.
You'll also incur fees for ATM withdrawals, which cost $2.50, plus any fees charged by the ATM operator. Additionally, there's a 3% foreign transaction fee for transactions made outside the U.S.
Other fees include a $2.50 ATM balance inquiry fee, a $0.50 fee for reloading the card at Walmart registers, and a $5.95 charge for a 12-pack of checks. You can also expect to pay $3 for cash reloads at Walmart stores, and up to $5.95 at other locations.
Fees
The Walmart MoneyCard comes with a range of fees that you should be aware of before signing up.
You'll need to pay a $1 fee to open a Walmart MoneyCard, and then a $5.94 monthly fee to keep the account open. This fee is waived if you deposit $500 or more into your card each month, excluding person-to-person transfers.
There's also a 3% fee on transactions made outside the U.S., and a $2.50 ATM withdrawal fee. If you use an ATM to withdraw cash, you'll be charged an additional $0.50 for a balance inquiry.
If you use a participating bank to withdraw cash, you'll be charged a $2.50 withdrawal fee. However, if you withdraw cash from a Walmart MoneyCenter or Customer Service desk, there's no extra charge.
Overdraft fees are not charged on the Walmart MoneyCard, which is a relief. However, if you do overdraft your account, you'll be charged $15, unless the overdraft is under $10.

Here are the fees associated with the Walmart MoneyCard at a glance:
The $5.95 charge for a 12-pack of checks is worth noting, as is the $3 fee for card replacement, or the $15 fee for expedited delivery.
Get Cash
You can withdraw cash from your Walmart MoneyCard without a fee at Walmart MoneyCenters and Customer Service desks.
The Walmart MoneyCard also allows you to withdraw cash at ATMs, but be aware that you may be charged a fee by the ATM operator, even if you don't complete a transaction.
You can withdraw up to $500 per day via ATM, which is a convenient option for when you need cash quickly.
To withdraw cash at a Walmart store, you can go to the registers or customer service desks, and there's no fee to do so.
Card Features
The Walmart MoneyCard has a $5.94 monthly service fee, but it's waived if you had direct deposits totaling $500 or more in the previous month.
You can purchase the card for $1 at any Walmart store, and withdrawals at Walmart stores are free. However, ATM and teller cash withdrawals cost $2.50.
Other fees include a 3% foreign transaction fee, and $0.50 for balance inquiries at ATMs.
Rapid Reload
Rapid Reload allows you to add money to your card at Walmart locations for a $3 fee. You can also use the Walmart MoneyCard app to deposit cash for free at Walmart stores.
To use Rapid Reload, simply go to a Walmart location and follow the prompts on the deposit machine. The fee is $3, but it's a convenient option for getting cash on your card quickly.
If you have a smartphone, you can also use the Walmart MoneyCard app to add money to your card for free at Walmart stores. This is a great option if you don't want to pay the $3 fee.
Card
The Walmart MoneyCard is a convenient payment option that can be purchased at any Walmart store for just $1. You can also buy it online, but it's always a good idea to check the prices and fees before making a purchase.
The card has a monthly service fee of $5.94, but don't worry, it's waived if you had direct deposits totaling $500 or more in the previous month. This is a great way to save money if you're someone who regularly receives payments into your account.

You can load up to $10,000 onto your card, which is a pretty generous limit. And, if you need to make a cash withdrawal, you can do so at a Walmart store for free, or at an ATM for $2.50, plus any additional fees charged by the ATM operator.
One thing to keep in mind is that cash reloads can cost up to $5.95, depending on where you do it. And, if you're traveling abroad, you'll be charged a 3% foreign transaction fee.
Here are some key details about the Walmart MoneyCard:
Overall, the Walmart MoneyCard is a solid choice for anyone who wants a low-cost payment option with a high daily limit. Just be aware of the fees and charges, and you'll be all set!
Pros and Cons
The Walmart Money Card has its share of pros and cons.
One of the main cons of the Walmart Money Card is that it charges a $5.94 monthly fee, although this can be waived.
Here are some other fees you should be aware of: reload, card purchase, cash deposit, and ATM fees.
On the other hand, one of the pros of the Walmart Money Card is that it doesn't have a lot of complicated rules or requirements.
Here are some details on the fees and rewards associated with the Walmart Money Card:
- Rewards are credited once per year.
- Reload, card purchase, cash deposit, and ATM fees apply.
- A $5.94 monthly fee is charged, but it can be waived.
Conclusion
In conclusion, the Walmart MoneyCard can be a convenient and accessible option for those who need a prepaid debit card, but it's essential to be aware of the fees associated with it.
The monthly maintenance fee of $3.00 can add up over time, especially if you're not using the card frequently.
The fee can be waived if you load at least $1,000 in a calendar month, which can be a significant incentive for heavy users.
However, if you're a light user, you might find the fee to be a nuisance.
Sources
- https://www.fingerlakes1.com/2022/01/31/walmart-prepaid-moneycard-debit-card-explained/
- https://www.walmartmoneycard.com/legal-info/fee-plan
- https://www.investopedia.com/articles/personal-finance/112315/6-ways-load-your-walmart-money-card.asp
- https://www.cnbc.com/select/walmart-moneycard-review/
- https://www.finder.com/prepaid-cards/walmart-moneycard
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