Cardholders who receive eligible direct deposits are eligible for one of three different coverage levels for flexibility. Overdraft Protection - Cardholders now gain the peace of mind of having up to $200 in overdraft protection for that extra help when they need it most.Easier Access to Waived Monthly Fee - Cardholders are now able to waive their monthly maintenance fee with a qualifying direct deposit of $500, half the amount required previously.“We’re proud to introduce the ‘new’ Walmart Mone圜ard as a DDA designed to benefit customers in ways that are truly meaningful and valuable to them, with many more new features and functionality to come.”Įnhanced features cardholders receive immediately from Green Dot Bank with the conversion to DDA include: “As a financial technology company committed to seamlessly connecting people to their money, we’re always looking for opportunities to modernize products with helpful tools, great value and exceptional customer experiences,” said Brandon Thompson, EVP of Retail, Tax and Pa圜ard, Green Dot. The new Walmart Mone圜ard is designed to help customers more seamlessly access, manage and move their money - and ultimately improve their financial health - through a suite of innovative and useful tools that will evolve and expand over time. and Puerto Rico with more Green Dot Bank accessible digital banking and money management features. “We are committed to offering our customers valuable services to help them manage their financial needs.”īy converting the Walmart Mone圜ard from prepaid to DDA, Walmart and Green Dot are able to empower Walmart Mone圜ard’s one million-plus current account holders and new customers across the U.S. “We are excited to work with Green Dot to provide a more convenient and innovative way for customers to manage their finances with the new Walmart Mone圜ard, which offers cash back, overdraft protection, direct deposit, interest on savings and more” said Julia Unger, vice president of Financial Services at Walmart. New and existing Walmart Mone圜ard account holders may now access Green Dot Bank’s more comprehensive digital banking platform similar to a traditional banking account, plus the ease and convenience of managing their finances either digitally or at Walmart’s 4,500-plus locations or Green Dot’s 90,000-plus retail distribution locations nationwide. Walmart (NYSE: WMT) and Green Dot (NYSE: GDOT) today announced the Walmart Mone圜ard issued by Green Dot Bank is now offered as a demand deposit account (“DDA”) better equipped to help Walmart customers save money and live better. J- Account holders gain access to Green Dot Bank’s comprehensive digital banking platform that will evolve with more innovative features over time
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