BENTONVILLE, Ark., and PASADENA, Calif., June 24, 2021 — Walmart (NYSE: WMT) and Green Dot (NYSE: GDOT) today announced the Walmart MoneyCard 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. New and existing Walmart MoneyCard 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. Show “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 MoneyCard, which offers cash back, overdraft protection, direct deposit, interest on savings and more” said Julia Unger, vice president of Financial Services at Walmart. “We are committed to offering our customers valuable services to help them manage their financial needs.” By converting the Walmart MoneyCard from pre-paid to DDA, Walmart and Green Dot are able to empower Walmart MoneyCard’s one million-plus current account holders and new customers across the U.S. and Puerto Rico with more Green Dot Bank accessible digital banking and money management features. The new Walmart MoneyCard 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. “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 PayCard, Green Dot. “We’re proud to introduce the ‘new’ Walmart MoneyCard 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.” Enhanced features cardholders receive immediately from Green Dot Bank with the conversion to DDA include:
For a limited time, new customers who activate a Walmart MoneyCard purchased either in-store or online
will receive a $20 bonus with a qualifying direct deposit of $500 or more through August 15, 2021. 1 No monthly fee with qualifying direct deposits, otherwise $5.94 a month. Waived when $500+ is direct deposited in the previous monthly period. Otherwise, first monthly fee occurs upon first use, the day after card activation or 90 days after card purchase, whichever is earlier. 2 Opt-in required. $15 fee may apply to each eligible purchase transaction that brings an account negative. Balance must be brought to at least $0 within 24 hours of authorization of the first transaction that overdraws an account to avoid the fee. We require immediate payment of each overdraft and overdraft fee. Overdrafts paid at our discretion, and we do not guarantee that we will authorize and pay any transactions. About Walmart About Green Dot Green Dot’s proprietary technology enables faster, more efficient electronic payments and money management, powering intuitive and seamless ways for people to spend, send, control and save their money. Through its retail and direct bank, Green Dot offers a broad set of financial products to consumers and businesses including debit, prepaid, checking, credit and payroll cards, as well as robust money processing services, tax refunds, cash deposits and disbursements. The company’s Banking as a Service (“BaaS”) platform enables a growing list of America’s most prominent consumer and technology companies to design and deploy their own customized banking and money movement solutions for customers and partners in the US and internationally. Founded in 1999 and headquartered in Pasadena, Calif.A, Green Dot has served more than 33 million customers directly, and now operates primarily as a “branchless bank” with more than 90,000 retail distribution locations nationwide. Green Dot Bank is a subsidiary of Green Dot Corporation and member of the FDIC. For more information about Green Dot’s
products and services, please visit greendot.com. How do I talk to a live person on Green Dot?Contact Green Dot Bank by calling (866) 795-7597 or the number on the back of your Card, by mail at P.O. Box 5100, Pasadena, California 91117, or visit greendot.com. For general information about prepaid accounts, visit cpfb.gov/prepaid. .
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What bank is with Green Dot?Message and data rates may apply. Green Dot Cards are issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. GO2bank card issued by GO2bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc.
What number do I call to check my Green Dot card?To get your balance, text “BAL Last4″ to 43411 (where Last4 is the last 4 digits of your card number). To check your transactions, text “HIST Last 4” to 43411 (where Last4 is the last 4 digits of your card number).
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