Walmart MoneyCard(SM) Visa® Prepaid Card

From the CompareCards.com Editorial Team:

The Walmart money card is a prepaid card from the world’s largest retailer. Because it is a prepaid card there are no late fees or interest rates to worry about and you can qualify for the card without a credit check.

The card can facilitate such things as cashing payroll checks or getting tax refunds, which are benefits that some consumers like those without bank accounts will find advantageous. There are fees associated with using the card, as with any prepaid card, so should study the fee schedule to avoid paying unnecessary fees.

ATM transaction fees cost $2, for example, but to check your balance using an ATM only cost $1. The monthly maintenance fee of $3 per month will be waived if you load at least $1,000 during the month onto your card, and you can receive a $10 bonus if you enroll in recurring Direct Deposit and deposit at least $250.

The sharp-looking Walmart plastic with the star-shaped graphics is issued through Visa, so it is honored around the world wherever those cards are accepted.

The Bottom-Line
This is a pretty basic Visa prepaid card, and although it does have some fees associated with it they are not outlandish or too numerous like with some prepaid card products. You can get the monthly fee waived, too, and also earn a $10 credit for signing up for direct deposit. There is no credit check so it is a good card for those with poor or no credit, and it is accepted worldwide.

The Good
You can have the fees waived by depositing $1,000 a month to your account, there is a $10 sign-up bonus for Direct Deposit, and the card can be acquired without a credit check.

The Not So Good
It is a prepaid card so you have to deposit your own funds before you can charge against the card’s balance.