Walmart Prepaid Money Card

Consumers who have damaged credit, low credit scores or no credit at all, do not despair. Walmart is now offering Walmart Money Card to its customers and this card can be used anywhere where a VISA card is accepted.

Walmart money card is basically a prepaid card and by depositing funds directly into your account, funds will be made available to you immediately. The Walmart money card accepts funds from another account to your account, direct deposits of your paychecks or any other method that you would wish to use to reload your card.

You can monitor your card balance online because you will have the capability of receiving balance alerts on your cell phone. No credit check is required to acquire this card and you can pretty much use this card for anything you want such as paying bills, buying groceries, renting a car, purchasing airline tickets etc.

Apparently, this seems like a good option for many people; however, you should also be aware of all the charges that come with it. Setting up an account for this card at any Walmart store is fast and easy. There is an initial monthly fee of $8.94, but this fee is reduced later to $4.94 per month. Each time you try to load your account with more funds, there will be an additional fee of $4.94. It is better to make larger deposits so that you do not get charged repeatedly for small amounts that you keep loading into it. Alternatively, even better, it is easier to have a direct deposit account since that is free of charge. There will be a check cashing fee of $3 but if you cash a check to reload your account, which is free.

If you want to withdraw money at ATM withdrawals within a Walmart store, it is free but if you try to do it elsewhere, there will be a fee of $1.95. Checking your balance will cost you $.75 in ATMs that are not located in a Walmart store. Monthly paper statement will cost you $3, so it is advisable to check your statements online since that will be more economical.

A Walmart money card is good way to keep your funds secure; you can avoid overdraft charges or fees. It is smart way to keep your finances in check. However, it may not be the best option for you if you compare it with Account Now Visa card.

Do your research before getting any kind of prepaid card. If you look at the benefits, the Account Now Visa card has to offer, you will be surprised. The Account Now Visa is a prepaid debit card; you can deposit money, reload it and can use it to make purchases or pay bills or withdraw cash.

No matter what your credit history is, there is a 100% chance of being approved for it. In fact, you will be guaranteed approval even if you are in chex systems, have had a bankruptcy or no credit at all. It is a great alternative to a checking account. You not only get credit for making purchases, but you can also use your account to pay off bills and write physical checks.

Using a free service called bill pay, you can write checks. This is a service that is made available to every account now visa cardholder. This is how it works: go online and fill in the details of the company or person you want to write the check to, address, and the amount you want to pay. A real physical check will then be mailed to the company or the individual. This is certainly a great way to pay your bills. The first seven checks you write every month will be free of charge and you can also use your card to make purchases online or over the phone.

This card will help you build your credit history at the same time. Bill Pay (the service that you can use to pay your bills online) works with Credit Builder, which is another free service. Credit Builder keeps track of all the bills you pay using bill pay and reports those payments to the credit-reporting agency. In the process over time, you will be able to prove to the future lenders that you are credit worthy.

Your salary can be deposited to your account by choosing the direct deposit option. You can fill out a form, turn it over to the payroll department of your employer and every month your salary will be deposited in the account now card. Not only is this a useful feature but by choosing this method, your card will be activated for you free.

There are several ways to reload your card with money. You can put money on your card through Western Union or Money Gram. If you deposit more than $300 using Western Union, you will not be charged a dime. With Money Gram, however, you will be charged $4.00 per deposit. You can also deposit funds through Green Dot Money pack. All you have to do is visit a Green Dot retailer and purchase a Green Dot Money Pack. Once you call 1-800-GreenDot and enter you account now card number, you card is reloaded with funds. Ready link locations like 7-Elevens are places where you can load your cards too. If you tell the cashier that you wish to load money on to your account, the cashier will swipe your account now visa card, take your money and your card will be reloaded with money, it is that simple.

Really, if you check out your options you will see that this card offers zero liability. If by any chance, you lose your card, it is stolen, or it is used to make unauthorized purchases, you will not have to pay a dime. You will receive a refund for those transactions. You can choose to get monthly online account statements or paper statements, none of them will cost you anything.

In a nutshell, do your research, and you will realize the Account Now Visa will stand out amongst other prepaid credit cards that are available out there. It offers many options that are free which you will not find with many other prepaid credit cards. Not only do you get free activation, you get to pay your bills free and you also get to build your credit for free.