Powered by Green Dot, the new service makes it easier than ever for customers to access funds
February 22, 2022 -- Walmart (NYSE: WMT) is making a major step forward in its quest to power customers with easier, more accessible, more affordable financial services. Today the company and Green Dot (NYSE: GDOT) announced the launch of an innovative new service enabling customers to securely deposit and withdraw cash in Walmart’s more than 4,700 stores nationwide.
Walmart’s new solution offers the ultimate convenience for the many underserved Americans who use cash regularly by allowing them to quickly and seamlessly access their existing bank or credit union accounts without having to visit a traditional branch during banking hours. This creates meaningful value and furthers financial inclusion for the more than 150 million customers who transact with Walmart each week, especially as more and more bank branches close.
“What our customers will love about this service is how it’s perfectly integrated into their daily lives, allowing them to manage their money when and where they already shop,” said Julia Unger, vice president of Financial Services, Walmart U.S. “The service is simple and convenient. They’ll no longer have to search for an ATM or drive out of their way to a bank, saving them valuable time and providing a great alternative.”
Currently available in all Walmart U.S. stores nationwide, this service offers:
- Access to vast majority of customers: 90% of Walmart customers will be able to take advantage of the program, as it covers nearly all demand deposit banking relationships in the U.S., spanning thousands of financial institutions nationwide.
- Simple pricing structure: No matter where you are located in the United States or where you bank, the transaction fee will be a maximum of $3.74.
- Clear transaction limit: Customers can make cash deposits or withdrawals up to $1,000 per transaction. The low fee, combined with a higher transaction limit than most ATMs, delivers an incredible value to customers.
- Quick access to funds: Deposited funds will be in a customer’s bank account in a matter of minutes. Customers can also access their account during Walmart’s hours, not banking hours.
“We are committed to giving all people the power to bank seamlessly, affordably, and with confidence, and Walmart has been an incredible collaborator to us in that effort for many years now,” said Dan Henry, President and CEO, Green Dot. “The launch of this program in particular will set up millions of Americans, many who continue to be underserved, with easier access to the financial system - which can serve in building a stronger financial foundation for them in the future.”
About Walmart
Walmart Inc. (NYSE: WMT) helps people around the world save money and live better - anytime and anywhere – in retail stores, online, and through their mobile devices. Each week, nearly 275 million customers and members visit our more than 11,300 stores under 58 banners in 27 countries and eCommerce websites. With fiscal year 2019 revenue of $514.4 billion, Walmart employs over 2.2 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://corporate.walmart.com, on Facebook and on Twitter.
About Green Dot
Green Dot Corporation (NYSE: GDOT) is a financial technology and registered bank holding company committed to giving all people the power to bank seamlessly, affordably, and with confidence. Green Dot’s technology platform enables it to build products and features that address the most pressing financial challenges of consumers and businesses, transforming the way they manage and move money and making financial empowerment more accessible for all.
Green Dot offers a broad set of financial services to consumers and businesses including debit, checking, credit, prepaid, and payroll cards, as well as robust money processing services, tax refunds, cash deposits and disbursements. Its flagship digital banking platform GO2bank offers consumers simple and accessible mobile banking designed to help improve financial health over time. The company’s banking platform services business enables a growing list of the world’s largest and most trusted consumer and technology brands to deploy customized, seamless, value-driven money management solutions for their customers.
Founded in 1999, Green Dot has served more than 33 million customers directly and many millions more through its partners. The Green Dot Network of more than 90,000 retail distribution locations nationwide, more than all remaining bank branches in the U.S. combined, enables it to operate primarily as a “branchless bank.” Green Dot Bank is a subsidiary of Green Dot Corporation and member of the FDIC1. For more information about Green Dot’s products and services, please visit www.greendot.com.
FAQs
How much cash can you withdraw from Walmart? ›
You may only withdraw up to $500 from an ATM and $1,000 from a Walmart register in a single day and $1,500 per teller transaction at a participating bank, unless otherwise indicated.
Can Walmart deposit money into my bank account? ›You can deposit money into your account, free of charge, through direct deposit, through the mobile app, or in person at more than 90,000 retail locations, including any Walmart store. Cash deposits at other locations cost up to $4.95.
How much can you withdraw from cash App at Walmart? ›Cash Access.
The maximum amount that can be withdrawn is $1,000.00 per transaction, $1,000.00 per day, and $1,000.00 per week.
The maximum daily cash reload limit is $3,000, but maximum in-store reload limits also apply, and you may not load cash to your Card at any time the funds balance on your Card exceeds $3,000.
What is the maximum amount of cash you can withdraw? ›Most often, ATM cash withdrawal limits range from $300 to $1,000 per day. Again, this is determined by the bank or credit union—there is no standard daily ATM withdrawal limit. Your personal bank ATM withdrawal limit also may depend on the types of accounts you have and your banking history.
What's the highest amount you can cash at Walmart? ›Walmart has a simple limit for check-cashing: $5,000 per check. During the months of January through April, this limit is increased temporarily to $7,500 to accommodate the larger checks that customer might bring in as a result of their tax refunds.
Can I transfer money from my Walmart MoneyCard to another bank account? ›You cannot transfer money from your Walmart MoneyCard to your bank account. At this time, you can only receive money on your Walmart MoneyCard from another bank account. You can only transfer money from a Walmart MoneyCard to another Walmart MoneyCard.
Can I withdraw money from my Walmart MoneyCard without my card? ›You can withdraw money from a lost Walmart MoneyCard using the app to pick up cash at Walmart. All you have to do is go to the Manage Card section in the app and follow the prompts to generate a time sensitive barcode that allows you access to pick up cash at Walmart.
Can I borrow money from my Walmart MoneyCard? ›You can get a Walmart Credit Card cash advance from any ATM that accepts cards on the Mastercard network. To do so, insert the card in the ATM, then enter your PIN and choose the cash advance option.
How do I add a cash limit to my $2500 Cash App? ›The default Cash App add cash limit $2500 within seven days, but it can be increased Call +(415)895-7115. The process involves verifying a few pieces of information. Once verified, you can send $7,500 per week and $17,500 per month. If you're a new user, you might wonder how to increase Cash App limit.
Will Cash App refund money if scammed? ›
Cash App monitors your account for anything that looks out of the ordinary. If a potentially fraudulent payment occurs, we cancel it to prevent you from being charged. When this happens, your funds will instantly be returned to your Cash App balance or linked bank account.
Can I take money out of my Cash App card at Walmart? ›You can use your Cash App card at Walmart as you would any other debit card.
How much does it cost to deposit money at Walmart? ›The fee for cash deposit through a Walmart store is $3.00. This fee is not deducted from your primary deposit account and will not be reflected in any Account statements or transaction histories. For cash deposit locations, please visit www.attheregister.com.
How do I make a deposit at Walmart? ›With your Walmart MoneyCard in hand, tell the Associate how much you want to add to your account. You can add $20-$1,000 to your card. Give the cash you want to deposit to the Associate, including the $3 fee. Your deposit will be reflected in your account within 10 minutes.
Does Walmart have banking services? ›It offers basic banking services including a debit card, access to an ATM network and online bill pay. The Walmart MoneyCenter also has several rewards debit cards.
Where can I deposit cash into my bank? ›How to Deposit Cash at a Bank. If you belong to a regional or national bank, you can make a deposit at any branch. If you are part of a credit union, you can make a deposit at your home credit union or another branch if your credit union is part of a larger network.