Does Walmart prepaid card have fees?

Does Walmart prepaid card have fees?

Fees. There is $1 fee to open a Walmart MoneyCard and a $5.94 monthly fee to keep the account open. The monthly fee is waived when you deposit $1,000 or more into your card each month, excluding person-to-person transfers.

Do prepaid debit cards charge a fee?

With most prepaid cards you will have to pay some fees for holding or using the card. The kinds of fees and the amounts vary depending on the card and how it’s used. Think about how you plan to use the card and compare the fees on different cards for those particular uses.

Does Walmart charge for debit cards?

For $3 a month the so-called Money Card, as Walmart dubs the prepaid debit card, customers can load and re-load the card with money and use it just like any other bank-issued debit card. Walmart’s pricing model is as follows: $3 to Buy (card is free if you buy it online)

What prepaid cards do not charge fees?

The 9 Best Zero-Fee Reloadable Prepaid Cards

  • Chime Credit Builder Visa. Visit site.
  • Featured. American Express Bluebird.
  • Featured. NetSpend Visa Prepaid Card.
  • PayPal Prepaid MasterCard.
  • Brinks Prepaid MasterCard.
  • Movo Virtual Prepaid Visa Card.
  • Starbucks Rewards Visa Prepaid Card.
  • Fifth Third’s Access 360° Prepaid Debit Card.

How does Walmart prepaid debit card work?

Walmart MoneyCard Accounts are a powerful way to manage your money and make it easy to do things like: Shop online or in-store everywhere Mastercard® or Visa® Debit is accepted in the U.S. Earn cash back on eligible Walmart purchases made with the Walmart MoneyCard Cash Back Account, up to $75 every year.

Does netspend charge a monthly fee?

Purchasing a Netspend card from any retail location will cost you up to $9.95. The pay-as-you-go plan has no monthly fees, whereas the monthly plan charges $9.95 a month. Luckily, you can reduce your monthly plan to $5 if you receive at least $500 a month in payroll checks or government benefits each month.

What fees do prepaid cards have?

Most prepaid cards charge monthly maintenance fees around $10, which is similar to checking account fees that can cost up to $15 a month. But you may also pay a fee to open your prepaid card, typically around $5. You can also expect to incur an ATM fee, reload fee and foreign transaction fee with many prepaid cards.

What is the difference between a prepaid card and a debit card?

Prepaid cards and debit cards are both widely accepted at merchants worldwide, but one is preloaded and the other is not. Debit cards are linked to a checking account, while prepaid cards aren’t and instead require you to load money onto the card.

How do you put money on a prepaid debit card?

Arrange for a paycheck or other regular payment to be directly deposited onto the card. Transfer money from a checking account or another prepaid card. Buy a “reload pack” to add a certain amount to your card. Add funds at certain retail locations or at the financial institution that provides the card.

Are prepaid debit cards reported to IRS?

By law, payment card and third-party transactions must be reported to the IRS.

How much does a $50 Visa card cost?

Compare with similar items

This item $50 Visa Gift Card (plus $4.95 Purchase Fee) $50 Mastercard Gift Card (plus $4.95 Purchase Fee)
Price $5495 $54.95$54.95
Sold By Amazon Payments, Inc. Amazon Payments, Inc.
Denomination 50 50
Format Plastic Gift Cards Plastic Gift Cards

Where can I withdraw money from my Walmart card for free?

Up to $75 in cash-back rewards a year: 3% from, 2% from Walmart gas stations and 1% at Walmart stores. Free cash withdrawals at over 5,000 Walmart locations. Free cash reloads at Walmart stores using the MoneyCard app.

Which prepaid debit card has the lowest fees?

The best with no reload fees: NetSpend Visa Prepaid Card.

  • Best with No Monthly Fees: NetSpend® Visa® Prepaid Card
  • Best with No ATM Fees: The American Express Serve®
  • Best with No Signature Transaction Fees: NetSpend® Visa® Prepaid Card
  • Best with No PIN Transaction Fees: PayPal Prepaid Mastercard®
  • How much does a Walmart debit card cost?

    Walmart MoneyCard Fees This prepaid debit card has an activation fee of $6, with a reload fee of $3. There is no PIN transaction fee, although cardholders would have to pay $3 every month. The monthly fee is, however, waived if you are able to load a minimum of $1,000 or more to the card.

    What is the monthly fee for a Walmart money card?

    There is a $5 monthly fee for the Walmart MoneyCard. This fee is waived if you load $1000 to your card each month. How much money can you put on a Walmart MoneyCard? You can load $3,000 to your card per day (store limits apply).

    What stores sell prepaid debit cards?

    Gas Stations. May gas stations sell prepaid debit cards.

  • Big-Box Retailers
  • Drugstores
  • Dollar Stores
  • Banks
  • Other Options
  • Tips on Obtaining Selecting Prepaid Debit Cards. Prepaid debit cards are easy to get.
  • Purchasing a Prepaid Debit Card.
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