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Can the Walmart MoneyCard behave as a Checking Account?

Can the Walmart MoneyCard behave as a Checking 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.

Nevertheless, this really isn’t the sole option for spending bills.

The Walmart MoneyCard normally useful for managing money, yet you may wonder whether this card may be used exactly the same as a 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 really a reloadable prepaid credit card.

This is certainly distinctive from a bank debit card since it’s perhaps maybe not linked to a banking account.

However, the Walmart MoneyCard is supported by a significant bank — Green Dot Bank — therefore it provides numerous options that come with a bank account.

No overdrafts allowed

A benefit loan payday no credit check Maryland that is huge of Walmart MoneyCard is the fact that you don’t need to worry about overdraft charges.

It is because you’re only permitted to invest everything you load on the card. In addition, there’s no credit check because it isn’t a charge card.

With that said, everyone can obtain a Walmart MoneyCard despite their credit score.

The card does include a Visa or MasterCard logo, but, in order to pull it down anywhere these cards are accepted and relish the advantages of credit cards.

That which you Get Aided By The Walmart MoneyCard

The aforementioned popular features of the Walmart MoneyCard just scrape the outer lining.

For the many part, this card is made to allow you to effortlessly handle your money.

Consequently, you’ll enjoy the next benefits that are additional

1. Get a merchant account quantity and a routing quantity

Even though the Walmart MoneyCard is not a checking that is traditional, it does have a routing quantity and a free account quantity.