Walmart MoneyCard offers convenient money transfer services, allowing account holders to transfer money to individuals and linked bank accounts any time.
Using a MoneyCard, money can be transferred to anyone in the US, including those who do not have MoneyCard accounts. You can also transfer money to or from a linked bank account (service compatible with most major banks in the US). You can even use your MoneyCard to pay your bills online for both one-time and recurring payments.
Once you have a MoneyCard account, you can initiate these transfers any time online or through the Walmart MoneyCard app. To download the app onto an Apple device, click here. For Android phones, click here.
The best part? Walmart MoneyCard transfer services are completely free.
To learn more about Walmart MoneyCard transfers, click here.
Limitations & Exclusions
While Walmart MoneyCard certainly offers a generous list of free transfer services, there are some important limitations to be aware of.
Unfortunately, Walmart MoneyCard limits their transfer amounts to $500 in most cases. When transferring money to an individual, you can only transfer $500 per day, or up to 20 transfers in a 24-hour period (capped at $500). In a 30-day period, you cannot exceed $1,000 in transfers.
The limitations for bank transfers are a bit more strict. You can only transfer up to $500 every 30 days to or from your Walmart MoneyCard using an outside bank account. You can read the MoneyCard bank transfer terms and conditions here.
For a look at the Walmart MoneyCard bill pay terms, click here.
According to Walmart, all MoneyCard transfers can take up to 3 business days to post. This includes bank transfers, bill pay, and sending money to individuals.
How To Transfer Money From One MoneyCard To Another
While some sources online claim that you can only transfer money from one Walmart MoneyCard to another, this is not true.
According to Walmart, you can use a Walmart MoneyCard account to transfer money to anyone in the US.
Regardless of who you’re transferring money to, follow these steps…
- Log into your Walmart MoneyCard account through the website here or through the app
- Find the “Pay Bills & People” tab
- Click “Send Money”
- Enter the information of the person you want to transfer money to and the amount of money you want to send
- Select “Continue”
- Review the information and click “Send Money”
Here are the official instructions provided by Walmart…
Unfortunately, Walmart MoneyCard transfers are not instant. They can take up to 3 business days to post.
Benefits Of Walmart MoneyCard Transfers
The main benefit of using Walmart MoneyCard’s transfer services is that they are completely free for account holders, no matter what.
Another key benefit is that you can transfer money to anyone at any time as long as they live in the US.
Walmart MoneyCard also allows you to conveniently transfer money to and from external bank accounts at no charge.
All of these services typically come at a cost when using other money transfer methods. So, the fact that it’s free with Walmart MoneyCard is a huge perk.
Unfortunately, to provide these no-cost services, Walmart limits the amount of money you can transfer to just $500.
Is It Safe To Use?
Walmart MoneyCard is a legitimate banking service, and their transfer services are completely safe.
As far we can tell, there is no reason to question the safety of Walmart Money Card transfer services.
Does a Walmart MoneyCard have overdraft protection?
Yes, up to $200. You can learn more about Walmart MoneyCard overdraft protection here.
Can you withdraw money from MoneyCard without the card?
This is unclear. Some unofficial sources claim that Walmart MoneyCard cash withdrawals can be initiated through the app and then picked up at Walmart without the use of a card. However, we haven’t been able to confirm this information.
How long does it take to get a replacement Walmart MoneyCard?
This is unclear. Based on a variety of sources, estimates range from 4 days to 2 weeks. You can request a replacement card anytime by clicking here.
Does Walmart have a savings account?
Yes. Walmart MoneyCard offers savings accounts, which you can learn more about here.