Click here for coronavirus updates Pandemic Pass or Fail

Walmart waives fees to its new MoneyCard users, continues check-cashing service

Coronavirus

FILE – This June 25, 2019, file photo shows the entrance to a Walmart. (AP Photo/Gene J. Puskar, File)

BENTONVILLE, Ark. (KSNW) – Walmart announced that it will waive monthly maintenance fees on the Walmart MoneyCard Reloadable Debit Card from now until June 30. The offer will apply to new MoneyCard customers who deposit $500 or more to their MoneyCard account.

The fee waiver is expected to assist those customers that do not have traditional bank accounts and or rely on stores to cash checks, including their stimulus payment. 

The retailer is encouraging customers to setup direct deposit and ensure they receive their stimulus funds electronically as well as eliminates the need for individuals to leave their home to cash or deposit paper checks.    

Interested customers can sign up for an account directly on the WalmartMoneyCard.com and it provides the customer with banking information and a Visa/Mastercard debit card.

Walmart said that it will continue to service customers who rely on in store check-cashing or card-cashing services for a fee. Walmart also announced that they are increasing the maximum check-cashing amount to $7,500 (previously $5,000) through July 31. The fees are below:

  • Up to $4 fee to cash pre-printed checks up to $1,000
  • Up to $8 fee to cash pre-printed checks above $1,000 and up to $7,500
  • Up to $3.74 fee to withdraw up to $1,000 off a debit card

The IRS also has provided additional ways for stimulus recipients to set up their direct deposit and access their funds faster.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Download the KSN News App and stay up-to-date wherever you are. You can even watch KSN News live for free!
Click here to get the app
Get it in the App store
Get it in the Google Play store

3 Day Forecast

KSN Storm Track 3 Weather

Trending Stories