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.
Nonetheless, this really isnвЂ™t the only choice for having to pay bills.
The Walmart MoneyCard can be ideal for managing money, yet you might wonder whether this card may be used equivalent as a bank checking account.
The answer that is short yes. But before you go out and acquire a Walmart MoneyCard, hereвЂ™s what you should understand.
What’s the Walmart MoneyCard?
To place it clearly:
A Walmart MoneyCard is just a reloadable card that is prepaid.
This might be distinctive from a bank debit card given that itвЂ™s perhaps perhaps maybe not connected to a banking account.
Nevertheless, the Walmart MoneyCard is supported by a bank that is major Green Dot Bank вЂ” therefore it offers many top features of a bank account.
No overdrafts permitted
A huge good thing about a Walmart MoneyCard is the fact that you donвЂ™t need to worry about overdraft costs.
This is certainly you load onto the card because youвЂ™re only allowed to spend what. In addition, thereвЂ™s no credit check since it isnвЂ™t a charge card.
With that said, anybody can get yourself a Walmart MoneyCard despite their credit score.
The card does include a Visa or MasterCard logo design, but, it out wherever these cards are accepted and enjoy the benefits of a credit card so you can pull.
Everything you Get Using The Walmart MoneyCard
The above mentioned popular features of the Walmart MoneyCard just scrape the area.
For the part that is most, this card was created to allow you to effortlessly handle your money. Continue reading “Can the Walmart MoneyCard behave as a bank checking account?”