It is well known that Wal-Mart stores are extremely large and customers are able to find almost everything that they want to purchase for everyday life. Even though this is well known some individuals may be surprised to learn that they also provide prepaid credit cards. For individuals who are not in a very good financial situation and are unable to get approved for regular credit cards obtaining a prepaid credit card from Wal-Mart is a good alternative for them.
Wal-Mart’s Money Cards can be purchases from any of their retail locations; they are simply prepaid Visa cards. The purpose of this card is to aid individuals who have made poor financial choices in their past. It is guaranteed that individuals will be approved for these cards because the company does not require applicants to submit to a credit check nor do they have to have a bank account. Owners of this cared all allowed to get direct deposits at no additional charges which can save them with fees associated with cashing their checks, the money saved can total up to be hundreds of dollars every year. Future Wal-Mart money card holders can find out everything they want to know about this product on their website at www.walmartmoneycard.com.
Due to Wal-Mart Money Cards being prepaid Visa cards they can be used anywhere that has the Visa logo including internationally, online, and on the telephone. Holders can pay for hotel rooms, rental cars, trip, and a whole lot more using their prepaid cards. This is an essential item to have especially if regular credit cards cannot be obtained because during today’s time it is necessary to possess a credit card. The cards are handed out by a member of FDIC called GE Money Bank. Holders can take advantage of other services with the Green Dot Corporation. Using the Green Dot Money Pak card owners are able to reload their card or deposit money onto it; these services can be had at almost any retailer nationwide. Money may also be deposited on these cards by using direct deposit, transfers from banks, or through a cash register at Wal-Mart. When the cash register is used cash, your entire check or a percentage of your check may be loaded on the card. An extra advantage of individuals who have Wal-Mart money cards is that they may also pay their bills online. These cards come with a Visa Zero Liability Policy which allows protection for card holders even if there cards are lost or get stolen.
The balance on these Wal-Mart money cards can be monitored online (walmartmoneycard.com )or alerts can be sent to the card holders on their cell phones. When these cards are purchased individuals are charged a fee of $8.94 for insurance that is mandatory. The next step for new holders is to get their direct deposit options set up which is free of charge and the best method to use to load the card with money. Every time the visa card is reloaded a monthly fee of $4.64 is also charged to the holder. Individuals can avoid having to pay this fee by adding money to their card with direct deposits or by cashing paper checks. Although cashing paper checks will not include the $4.64 monthly fee a fee of $3 will be added which is what they charge to cash checks. Either way using direct deposits or cashing paper checks is still a cheaper option than paying the monthly fee. Anytime individuals inquire about their card’s balance on an ATM they are charge a $0.75 fee so this should be avoided whenever possible. It is best to withdrawal money off of the card at a Wal-Mart store otherwise a fee will have to be paid which will usually be in the amount of $1.95. The card may be a convenient option but it will come with a lot of fees but the fees will never be due to the holder overdrawing as they have designed it so that this can never happen.
Visit Website : www.walmartmoneycard.com