A prepaid and reloadable Wal-Mart MoneyCard account can be set up either at a participating Wal-Mart store or at the Wal-Mart MoneyCard website. The website provides a store-locator link that enables visitors to find a participating Wal-Mart by entering a zip code or a city and state. A cardholder must be at least 18 years old, and no credit check is required, as noted at the Wal-Mart MoneyCard website.Continue Reading
When setting up a MoneyCard account, applicants are asked to verify their identity by providing their Social Security number, date of birth, address, phone number and other personal information. All of the ID-verification information asked for is checked, and anonymous cards are not permitted, as stated on the Wal-Mart MoneyCard website. MoneyCard also makes note of the fact that the ID-verification is required by federal law.
Wal-Mart MoneyCards can be reloaded by several methods. Cardholders can deposit cash at a participating store location, or they can cash a check at the store to load the card. A direct deposit of the cardholder's paycheck or benefits check is another method. Many employers will permit a partial deposit of a paycheck, but federal agencies issuing benefit checks will not. A federal income tax refund can also be loaded into a MoneyCard by entering the account's direct deposit and routing number into the space on the tax form specified for a checking account direct-deposit refund. Online transfers can also be used to reload a MoneyCard account. Fees are charged for reloads and for in-store check cashing deposits.Learn more about Bank Accounts