The companies now offer Walmart MoneyCard as a demand deposit account, which brings with it Green Dot’s more comprehensive digital banking platform, making it more similar to a traditional bank account. Show David Salazar Managing Editor  Walmart is working with Green Dot to build out the capabilities of the Walmart MoneyCard issued by Green Dot Bank. The companies now offer Walmart MoneyCard as a demand deposit account, which brings with it Green Dot’s more comprehensive digital banking platform, making it more similar to a traditional bank account. With the new capabilities, Walmart MoneyCard’s more than 1 million account holders can manage their finances digitally at any Walmart location or at any of Green Dot’s more than 90,000 retail distribution locations. Image “We are excited to work with Green Dot to provide a more convenient and innovative way for customers to manage their finances with the new Walmart MoneyCard, which offers cash back, overdraft protection, direct deposit, interest on savings and more” said Julia Unger, vice president of Financial Services at Walmart. “We are committed to offering our customers valuable services to help them manage their financial needs.” The companies said that the conversion of Walmart MoneyCard from a prepaid product to a demand deposit account was aimed at making digital banking and money management features more accessible. [Read more: Walmart + now includes prescription savings] “As a financial technology company committed to seamlessly connecting people to their money, we’re always looking for opportunities to modernize products with helpful tools, great value and exceptional customer experiences,” said Brandon Thompson, executive vice president of retail, tax and PayCard at Green Dot. “We’re proud to introduce the ‘new’ Walmart MoneyCard as a DDA designed to benefit customers in ways that are truly meaningful and valuable to them, with many more new features and functionality to come.” The new features available to cardholders include the ability to waive their monthly maintenance fee with a qualifying direct deposit of $500 — half the amount previously required. Additionally, the card now offers up to $200 in overdraft protection, and cardholders who receive an eligible direct deposit can choose one of three different coverage levels. Through Aug. 15, the retailer is offering a $20 bonus for new cardholders with a qualifying direct deposit of $500 or more. Though Walmart is no stranger to financial services offerings, the move comes as more retailers begin to round out the financial services that are available to their shoppers. Among national chains, Walgreens introduced two financial services-focused products in as many months earlier this year. In January, the retail chain kicked off partnerships with Mastercard and Synchrony to offer credit cards and prepaid debit cards. Walgreens also said it planned to leverage the partnership to drive insights and analytics, customer engagement, loyalty, cybersecurity. and point-of-sale financing efforts. That was followed in March by a partnership with InComm payments to offer bank accounts to its shoppers via MetaBank, which included a Mastercard debit card that connects to the myWalgreens loyalty system. Among regional retailers making a foray into financial services, Hy-Vee unveiled a host of offerings earlier this week — checking and savings accounts, auto and home insurance, home mortgages, consumer loans, and even pet insurance — across its eight-state region. Like Walgreens, Hy-Vee’s financial products also make a loyalty play by offering exclusive insurance services, mortgage loans and pet insurance savings to some of its loyalty members. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.Permalink Report Abuse You can run out of money on your Walmart MoneyCard (at which time you have to refill it) but not really overdraft it. If you do it would either decline the card or it may go what would be overdraft but you just wouldn’t be able to use the card till you add more money to it. 2 0 Sharecountrygirl24219, Member@countrygirl24219 • 05/16/21 This answer was first published on 05/16/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company. Permalink Report Abuse WalMart Money card has overdraft protection now... Depending on your Direct Deposit History. 0 0 ShareGO2bank, Bank@GreenDotCards • 09/18/18 This answer was first published on 09/18/18. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company. Permalink Report Abuse Hi, Please note, your Walmart MoneyCard will not allow you or any merchant to collect funds that aren't present in you available balance. If your account does not hold the funds necessary to complete the requested order/payment, that order/payment will not process. The only exception to our "No Overdraft policy" is the Monthly Maintenance fee. This fee will process whether the funds are available or not, and is the only thing that can cause a negative balance. We hope this information was helpful. Green Dot Corporation How do I overdraft my Walmart Money Card?Log in to the Walmart MoneyCard app or website and find “Overdraft protection” in the menu. Follow the directions to opt in and accept the terms and conditions of overdraft protection. Remember, you must meet the direct deposit eligibility requirements before you can opt in to overdraft protection.
Can you overdraft a Green Dot card at ATM?Yes, you can overdraft your Green Dot card. You can opt in for overdraft protection for up to $200, available only for payroll and government direct deposits. Coverage is provided automatically based on your deposits, and overdrafts are paid at Green Dot's discretion.
Can you withdraw money from ATM with overdraft?If you choose to opt in to debit card and ATM overdraft, you are usually allowed to make ATM withdrawals and debit card purchases even if you do not have enough funds at the time of the transaction. However, you will generally incur fees on transactions that settle against a negative balance later.
How much can you withdraw from Walmart Money Card?You may only withdraw up to $500 from an ATM and $1,000 from a Walmart register in a single day and $1,500 per teller transaction at a participating bank, unless otherwise indicated.
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Can i overdraft my walmart money card at atm
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