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Unlock overdraft protection up to $200 with opt-in & eligible direct deposit¹
Overdraft protection helps cover purchase transactions that exceed your available balance. No fee with the first $10 of coverage. Need more? We offer coverage up to $200. Fees may apply.
Set up direct deposit & opt-in today
Set up direct deposit & opt-in today
Set up & receive
eligible direct deposit.
Opt in for
overdraft coverage.
We’ll cover debit card purchase transactions that exceed your available balance. You’ll have 24-hours to bring your balance to at least $0 to avoid a fee.
What is an overdraft?
An overdraft of your account happens when you spend more than what you have available in your account. We know life happens, so we offer overdraft coverage to help in those situations.1
Want to avoid an overdraft of your account?
We can help there too.
Want to avoid an overdraft of your account?
We can help there too.
The Walmart MoneyCard offers several features in the app so you can manage your finances & help prevent your account balance from becoming over drafted.
Keep track with account text alerts
Set daily balance notifications to avoid overspending
Check your balance with a simple swipe
Track spending & create budgets
Keep track with account text alerts
Set daily balance notifications to avoid overspending
Check your balance with a simple swipe
Track spending & create budgets
Frequently asked questions
Frequently asked questions
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Overdraft protection is an optional service that helps cover purchase transactions that exceed your available balance and would normally be declined because of insuffiencent funds. ATM withdrawals, bill payments made within the app and sending money to others are not covered by overdraft protection. Overdrafts are paid at our discretion, and we do not guarantee that we will authorize and pay any transaction.
Cash withdrawals, paying bills within the app and sending money to others are NOT covered.
You must have an activated, chip-enabled debit card and opt in to overdraft protection to be covered. A $15 fee may apply.
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Walmart MoneyCard accountholders who receive eligible direct deposits may qualify for overdraft protection. You must have an activated, chip-enabled debit card and opt in to overdraft protection to receive coverage. Overdraft coverage eligibility also includes factors such as the frequency of deposits to your Account, your Account status, and the transaction history of any Accounts with us. Overdraft protection is only available on Demand Deposit Accounts. Refer to your Account Agreement to check feature availability.
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You will be notified by email, SMS, or push notification. Message and data rates may apply. Or, you can find out by logging in to your account using the Walmart MoneyCard app or WalmartMoneyCard.com and visiting the overdraft protection section.
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Log in to the Walmart MoneyCard app or website and find “Overdraft protection” in the menu. Follow the directions to opt in and accept the terms and conditions of overdraft protection. Remember, you must meet the direct deposit eligibility requirements before you can opt in to overdraft protection.
There are two ways to opt out of overdraft protection coverage: the Walmart Moneycard app or WalmartMoneyCard.com
1) Walmart Moneycard app
- Log into your account
- Select Overdraft Protection on the home screen
- Tap the Opt in to Enable button
- After reviewing the Overdraft Protection Agreement, tap the Agree and Opt In button to opt in to overdraft protection.
Or
2) WalmartMoneyCard.com
- Log into your account
- Go to the Overdraft Protection block on the home screen
- Select Opt in to Enable
- After reviewing the Overdraft Protection Agreement, click Agree and Opt In to opt in to overdraft protection.
Remember, you must meet the direct deposit eligibility requirements before you can opt in to overdraft protection. Coverage is based on your direct deposits, overdraft activity, and account status.
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With an eligible direct deposit, you are covered up to $10 in overdraft protection with no fees.
Additional overdraft coverage up to $200 is subject to eligibility criteria. Fees may apply.
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Only purchase transactions are subject to overdraft protection.
You are covered up to $10 in overdraft protection with no fees.
Additional overdraft coverage up to $200 is subject to eligibility criteria and each transaction that is greater than $5 and overdraws your account by more than $10 is subject to fees.
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You are covered up to $10 in overdraft protection with no fees.
Additional overdraft coverage up to $200 is subject to eligibility criteria. A $15 fee may apply to each eligible purchase transaction that brings your account negative. Balance must be brought to at least $0 within 24 hours of authorization of the first transaction that overdraws your account to avoid a fee.
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Yes. There are no fees for overdraft coverage up to $10. Fees may apply with additional overdraft coverage up to $200. You'll have 24-hours to bring your account to at least $0 from the first authorized overdrawn transaction to avoid a fee.
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Once you opt in to overdraft protection coverage your purchase transactions can be covered by overdraft protection. Overdrafts are paid at our discretion, and we do not guarantee that we will authorize and pay any transaction.
Cash withdrawals, paying bills within the app and sending money to others are NOT covered.
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Yes. You must have an eligible direct deposit with opt-in to be eligible for overdraft protection. Additional criteria may apply. Overdraft coverage eligibility also includes factors such as the frequency of deposits to your account, your account status, and the transaction history of any accounts with us. If there are more than 10 overdraft transactions within a statement period (regardless if you have used your full coverage limit or a fee was charged or not) the feature will be temporarily paused for the remainder of your statement period. Your eligibility and coverage can change at our discretion.
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You are allowed a maximum of 10 overdrafts in a statement period. If there are more than 10 overdraft transactions within a statement period (regardless if you have used your full coverage limit or a fee was charged or not) the feature will be temporarily paused for the remainder of your statement period.
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Yes, If there are more than 10 over draft transactions within a statement period (regardless if you have used your full coverage limit or a fee was charged or not) the feature will be temporarily paused for the remainder of your statement period. Your eligibility and coverage can also change at our discretion.
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Yes, you may opt out of Overdraft Protection at any time by logging into to your account using the Walmart MoneyCard app or WalmartMoneyCard.com. In general, your opt-out request will be effective immediately, and we will send you an email to confirm your opt-out request. However, any pending purchase transactions may still take the account below $0 and result in a $15 overdraft fee.
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Log into your account at WalmartMoneyCard.com or via the Walmart MoneyCard app. In general, your opt-out request will be effective immediately, and we will send you an email to confirm your opt-out request. However, any pending purchase transactions authorized prior to opting out that overdraw your account may still take the account below $0 and result in a $15 overdraft fee.
There are two ways to opt out of overdraft protection coverage: the Walmart Moneycard app or WalmartMoneyCard.com
1) Moneycard app
- Log into your account
- Select Overdraft Protection on the home screen
- Tap the three dots ""..."" in the upper right corner
- Tap Opt Out of Overdraft Protection
- Tap Opt Out
Or
- Log into your account
- Select the Overdraft Protection tab in the top navigation on the home screen
- Select the 3 dots ""..."" in the upper right corner
- Select Opt Out of Overdraft Protection
- Select Opt Out
Note, when you opt out of overdraft protection, any purchase transactions authorized prior to opting out that overdraw your account may still result in a $15 fee.