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Walmart MoneyCard Adds 2% High Yield Savings Account, Free Cash Deposits and Family Accounts

May 27, 2020 / BUSINESS WIRE)

Walmart (NYSE:WMT), together with Green Dot (NYSE:GDOT), today announced updated features and benefits for the Walmart MoneyCard Reloadable Debit Card program. The Walmart MoneyCard, issued by Green Dot Bank, member FDIC, will now provide accountholders with a 2% annual percentage yield on money saved in the integrated savings account, up to four additional MoneyCards for family members 13 years of age and older, free cash deposits and the ability to add money to your card from an existing bank account. The Walmart MoneyCard, already the number one retailer-branded debit card available in the U.S., has made banking from your mobile phone even more attractive and easier than ever. With its easy-to-use online and in-app money management tools, it allows users to make the most of their money. Now, in addition to gaining Prize Savings sweepstakes entries for dollars saved in the savings account, MoneyCard cardholders will earn 2% interest (APY) on savings1. The new High Yield Savings Account is just another example of how Walmart and Green Dot are supporting the financial wellness of our customers through financial services innovation.