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Walmart MoneyCard Review

Walmart MoneyCard Review

*Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

This article was last updated Nov 12, 2018. Terms and conditions may have changed. For the most accurate information, please consult the issuer website.

Frequent Walmart shoppers may have been asked to apply for one of the store’s two credit cards — the Walmart Credit Card and the Walmart® MasterCard® — or seen their prepaid debit card, the Walmart MoneyCard®, at checkout. While Walmart’s credit card and store card are decent choices, you may not want a credit card at all — in that case, you might consider the Walmart MoneyCard®. You can purchase this card for $1 online or at select Walmart locations and use it for all your purchases just like a regular credit card, but keep in mind your transactions are limited to the amount of money you’ve loaded — or “prepaid” — to your card.

In this review, we’ll evaluate how the Walmart MoneyCard® works and how it compares to other prepaid cards.

How the Walmart MoneyCard® works


The negative part about prepaid debit cards is they often come with fees that can eat away at your balance; the Walmart MoneyCard® is no different. Not only does it charge the $1 card opening fee, but it also charges a $3 replacement card fee, not to mention various reload fees.

You can certainly find prepaid debit cards that come with fewer fees: for example, the Chase Liquid®* carries none of the fees mentioned above. But if you’re still considering the Walmart MoneyCard®, you should at least know what you’re getting yourself into fee-wise. To help, here’s a handy chart:

Walmart MoneyCard® Fees
Card opening fee $1
Monthly fee $5 per month, waived if you loaded $1,000 or more in the previous month (excludes person-to-person transfers received using the Send Money feature)
ATM withdrawal or transfer fee $2.50*
Reload fee $0 to $5.95, depending on where you reload. See the “Reloads” section below for more detail.
Replacement card if lost, stolen, or damaged $3

*ATM owner may also charge a fee.

Purchases and withdrawals

Your Walmart MoneyCard® can be used to make purchases everywhere Debit Mastercard® or Visa® debit cards are accepted in the U.S. If you want to withdraw money, you can at an ATM or at Walmart MoneyCenters and customer service desks. You can also write checks and send money to other participating cards issued by Green Dot Bank.

Reloading the card with funds

You have several options when reloading your Walmart MoneyCard®. The best option is to fill your card by having your paycheck or government benefits automatically deposited via direct deposit; there’s no fee for direct deposit reloads. The most costly way to reload your card is to take cash and reload it on the Green Dot Network, which can cost up to $4.95 per reload.

Direct deposit of payroll or government benefits $0
Online bank transfer $0 — but your bank may charge a fee.
Walmart check cashing $0 — Standard Walmart check cashing fees and limits apply. Not available in all states or stores.
Walmart MoneyCenter Express (machines at the front of participating Walmart stores near Customer Service and at Walmart MoneyCenters) $3 for regular Walmart MoneyCard®

$0 for Walmart MoneyCard® Preferred cards

Rapid Reload® cash at participating Walmart stores $3
Reload with cash on the Green Dot Network Up to $4.95


This card stands out from most prepaid cards by offering a rewards program. Cardholders earn A “rewards year” is 12 monthly periods in which you have paid your monthly fee or have had it waived. This rewards program helps to add value to your Walmart MoneyCard® and is especially great for Walmart.com shoppers.

Additional features and security

  • Deposit checks with your smartphone camera: There’s no need to go to an ATM to deposit a check, simply snap a phone and deposit it via the Walmart MoneyCard® mobile app.
  • No overdraft fees: If you happen to charge more than what’s available in your account, you won’t be hit with a fee.
  • Protected against unauthorized transactions: If your card is lost or stolen and fraudulent charges are made, you won’t be responsible for them.

Compare it with the Chase Liquid® and the Bluebird by American Express

While Walmart shoppers may be tempted to open the Walmart MoneyCard®, you should consider alternative prepaid cards first. Cards like the Chase Liquid® and the Bluebird by American Express have fewer fees and simpler terms that can make using a prepaid card cheaper.

If you’re looking to avoid the typical monthly fee that prepaid cards have, you should consider the Bluebird by American Express which has a $0 monthly fee with no strings attached. Unlike the Walmart MoneyCard®, you won’t need to load $1,000 to your card to waive the monthly fee. Another option is the Chase Liquid® which waives its $4.95 monthly fee if linked to a qualifying Chase checking account. This card clearly benefits loyal Chase customers, but beware it’s only available in the 23 states with Chase branches.

Looking at the ATM fees, both the Chase Liquid® and the Bluebird by American Express have networks of over 15,000 fee-free ATMs where you can withdraw and deposit money at no cost. Unfortunately, the Walmart MoneyCard® lacks any sort of in-network, fee-free ATMs, making withdrawals and deposits more costly.

However, the Walmart MoneyCard® does have a leg up on the competition in terms of rewards — neither the Chase Liquid® or the Bluebird by American Express offer rewards. Earning rewards is a nice perk of the Walmart MoneyCard®, but you shouldn’t base your decision around rewards, since the numerous fees may overshadow any cash back you earn.

When it comes down to choosing between these three prepaid cards, you should consider what matters most to you — rewards or lower fees. Once you figure out the answer, you should be able to settle on the best card for your needs.

Here’s a comparison of the main features of each card:

  Walmart MoneyCard® Chase Liquid® Bluebird by American Express
Monthly Fee $5 per month, waived if you loaded $1,000 or more in the previous month (excludes person-to-person transfers received using the Send Money feature) $4.95 monthly fee — $0 if linked to a qualifying Chase checking account $0
Card opening fee $1 $0 $0 online; up to $5 at retail locations
Rewards None None
Fee-free ATM locations None 16,000 Chase ATMs 24,000 MoneyPass® ATMs
Third-party ATM fee $2.50 $2.50 $2.50
Can anyone apply, regardless of residence? Yes No, must live in one of 23 states with a Chase branch All U.S. states (except Vermont), Puerto Rico, U.S. Virgin Islands

Bottom Line

Overall, the Walmart MoneyCard® is a decent prepaid card that really shines with its rewards program. If it wasn’t for the rewards, we’d recommend avoiding this card altogether. Still, this card can be an OK choice for frequent Walmart.com shoppers — you can earn the highest cashback rate at 3% on those purchases, compared to 1% at Walmart stores.

However, even considering the rewards you earn, you should still check out alternative prepaid cards like the Chase Liquid® and the Bluebird by American Express mentioned above. These cards offer more features and have better fee schedules.

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