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Can the Walmart MoneyCard behave as a bank account?

Can the Walmart MoneyCard behave as a bank account?

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

Nevertheless, that isn’t the option that is only spending bills.

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

The brief response is yes. But before you go out and obtain a Walmart MoneyCard, right here’s what you should know.

What’s the Walmart MoneyCard?

To place it clearly:

A Walmart MoneyCard is really a reloadable prepaid credit card.

This might be distinct from a bank debit card since it’s maybe perhaps maybe not connected to a banking account.

However, the Walmart MoneyCard is supported by a major bank — Green Dot Bank — therefore it provides numerous attributes of a bank checking account.

No overdrafts permitted

A benefit that is huge of Walmart MoneyCard is the fact that you don’t need to worry about overdraft charges.

That is 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, everyone can get a Walmart MoneyCard despite their credit rating.

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

What You Get Utilizing The Walmart MoneyCard

The aforementioned options that come with the Walmart MoneyCard just scrape the outer lining.