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, that isn’t the option that is only having to pay bills.
The Walmart MoneyCard can be ideal for handling money, yet you may wonder whether this card may be used the exact same as a bank account.
The quick response is 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 just a reloadable prepaid credit card.
This might be distinct from a bank debit card since it’s perhaps maybe not associated with a bank-account.
However, the Walmart MoneyCard is supported by a major bank — Green Dot Bank — therefore it provides numerous top features of a bank account.
No overdrafts permitted
A huge advantage of a Walmart MoneyCard is the fact that you don’t need to worry about overdraft charges.
This will be you load onto the card because you’re only allowed to spend what. In addition, there’s no credit check since it isn’t a charge card.
With that said, everyone can get a Walmart MoneyCard despite their credit score.
The card does have a Visa or MasterCard logo design, nevertheless, so you can pull it down anywhere these cards are accepted and luxuriate in the great things about a charge card.
Everything you Get Using The Walmart MoneyCard
The above mentioned popular features of the Walmart MoneyCard just scrape the top.
When it comes to part that is most, this card was created to assist you to easily handle your money. Continue reading Can the Walmart MoneyCard behave as a bank checking account?