A checking account comes in handy for bills and everyday expenses whereas a savings account is an ideal place to earn interest and hold cash for long-term and short-term goals.
Nevertheless, this really isnвЂ™t the sole option for spending bills.
The Walmart MoneyCard normally useful for managing money, yet you may wonder whether this card may be used exactly the same as a checking account.
The answer that is short yes. But you need to know before you run out and get a Walmart MoneyCard, hereвЂ™s what.
What’s the Walmart MoneyCard?
To place it clearly:
A Walmart MoneyCard is really a reloadable prepaid credit card.
This is certainly distinctive from a bank debit card since itвЂ™s perhaps maybe not linked to a banking account.
However, the Walmart MoneyCard is supported useful site by a significant bank вЂ” Green Dot Bank вЂ” therefore it provides numerous options that come with a bank account.
No overdrafts allowed
A benefit that is huge of Walmart MoneyCard is the fact that you donвЂ™t need to worry about overdraft charges.
It is because youвЂ™re only permitted to invest everything you load on the card. Continua a leggere