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Can the Walmart MoneyCard behave as a bank checking account?

Whereas a checking account is a perfect spot to make interest and hold money for long-term and short-term objectives, a bank checking account comes in handy for bills and everyday costs.

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

The Walmart MoneyCard can be helpful for handling money, yet you may wonder whether this card may be used exactly the same as a bank account.

The answer that is short yes. But before you come to an end and acquire a Walmart MoneyCard, right here’s what you ought to know.

What's the Walmart MoneyCard?

To place it clearly:

A Walmart MoneyCard is a reloadable prepaid credit card.

This will be distinct from a bank debit card given that it’s perhaps maybe not connected to a banking account.

However, the Walmart MoneyCard is backed by a major bank — Green Dot Bank — therefore it provides numerous options that come with a bank checking account.

No overdrafts permitted

A huge advantage of a Walmart MoneyCard is the fact that you don’t have to worry about overdraft charges.

This can be 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, anybody can get a Walmart MoneyCard despite their credit score.

The card does feature a Visa or MasterCard logo design, nevertheless, it out wherever these cards are accepted and enjoy the benefits of a credit card so you can pull.

Everything you Get Utilizing The Walmart MoneyCard

The aforementioned popular features of the Walmart MoneyCard just scrape the top.

When it comes to many part, this card was created to assist you to effortlessly handle your money.

Therefore, you’ll enjoy listed here extra advantages:

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

Although the Walmart MoneyCard is not a checking that is traditional, it does feature a routing quantity and a merchant account quantity.