Can the Walmart MoneyCard behave as a bank account?
A checking account comes in handy for bills and everyday expenses whereas a savings account is an ideal place to earn interest and hold cash for long-term and short-term goals.
But, that isn’t the option that is only spending bills.
The Walmart MoneyCard can also be ideal for managing money, yet you may wonder whether this card may be used the exact same as a bank checking account.
The answer that is short yes. But you need to know before you run out and get a Walmart MoneyCard, here’s what.
What’s the Walmart MoneyCard?
To place it clearly:
A Walmart MoneyCard is a reloadable card that is prepaid.
This really is distinctive from a bank debit card given that it’s perhaps not connected to a banking account.
However, the Walmart MoneyCard is supported by a bank that is major Green Dot Bank — therefore it provides numerous options that come with 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, anybody can get yourself a Walmart MoneyCard despite their credit rating.
The card does include a Visa or MasterCard logo design, but, it out wherever these cards are accepted and enjoy the benefits of a credit card so you can pull.
Everything you Get Using The Walmart MoneyCard
The above mentioned top features of the Walmart MoneyCard just scratch the outer lining.
When it https://getbadcreditloan.com/payday-loans-tx/ comes to part that is most, this card was designed to assist you to effortlessly manage your money.
