Walmart to offer MoneyCard account to hold customer stimulus funds

Walmart says they want to make it easier for customers who do not have traditional bank accounts (and rely on stores to cash checks) to access their stimulus payment.
The retailer announced Thursday that it has waived monthly maintenance fees on the Walmart MoneyCard Reloadable Debit Card, now through June 30, encouraging customers to setup direct deposit and receive stimulus funds electronically. The offer applies to new MoneyCard customers who deposit $500 or more to their MoneyCard account. This eliminates the need for individuals to leave their home to cash or deposit paper checks.
"Customers can sign up for an account at WalmartMoneyCard.com and receive immediate access to bank account information, which is necessary to setup direct deposit. And, within 5-7 business days they will receive a personalized debit card that can be used anywhere Visa or Mastercard is accepted," said Jennifer Chunn of Walmart.
According to Walmart, customers who create a direct deposit account using the Walmart MoneyCard will find it to be safe, affordable and allow for quicker access to the stimulus funds.