GE Money Bank

General Electric Background

As one of the largest, most diverse and popular publicly traded companies in America, General Electric continues to develop and deliver products that matter to the consumer. Along with their ubiquitous financial platform offered to corporations and consumers alike, GE is intensely involved in research and development solutions for the home, healthcare and transportation. Some of the most notable products innovated by GE include home appliances, jet engines, electronics, power/energy generation plants, energy distribution facilities, light bulbs, medical imaging, oil/gas services, railroad development, computer hardware/software, water/wastewater treatment and of course, financial services.

GE Capital Areas of Involvement

GE Capital, has always prided itself on delivering fast, dependable financial solutions to consumers, businesses and merchants around the globe. GE Capital’s consumer division assists families and individuals by providing various financial tools such as prepaid debit cards within easy reach. GE Capital also provides capital lending and leasing products to Canadian and U.S. large and small companies across various industries, and also serves over fifteen million customers throughout Africa, Europe, Asia’s Middle East and the Pacific Rim. Whether corporate clients need to expand, purchase, build, lease equipment, refinance, restructure or require assistance for a merger/acquisition, GE Capital stands ready to provide financial services.

GE Money Bank is now GE Capital Retail Bank

GE Capital Retail Bank, formerly known as GE Money focuses on various financial solutions for customers worldwide. Besides commercial lending, leasing and mortgage products, GE Capital forges powerful relationships in consumer credit and finance to more than 100 million customers. One of the most notable ventures includes a recently extended co-branded partnership with Walmart and Green Dot. The joint effort includes not only a credit card program, but an innovative approach in delivering a competitive reloadable prepaid debit card known as the Walmart MoneyCard.


About GE Capital Retail Bank
Stock Symbol: NYSE: GE
Website: http://www.gecrbcredit.com
Corporate Headquarters: United States of America
Address: P.O. Box 965004, Orlando, FL 32896-5004




GE Capital Retail Bank Debit Cards


Walmart Money Card MasterCard Walmart MoneyCard MasterCard Prepaid Card

Retail giant Walmart wants to further add value to its customers by offering the prepaid Walmart MoneyCard Mastercard. You can actually get the MoneyCard in either Visa or MasterCard depending on your preference. There are also four designs to choose from – grey, black, blue or gold all displaying the Walmart logo and insignia. You can load money on the prepaid MoneyCard in a variety of ways including a visit to a Walmart store (cash or check) cashier or MoneyCenter Express machine, direct deposit of a pay or benefits check, online bank transfer or by purchasing a MoneyPak or Cash Reload card.
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Walmart MoneyCard Visa Prepaid Card Walmart MoneyCard Visa Prepaid Card

Walmart doesn’t just offer low prices on TVs, clothing or groceries. They also provide a great set of financial services products. One of their products is the Wal-Mart MoneyCard. The Walmart MoneyCard is a prepaid Visa debit card that combines the power of Walmart’s ubiquitous retail distribution network with the convenience of a prepaid debit card. The combination makes it easy to load funds onto the card (you can load funds with cash or a payroll or benefits check at any Walmart cashier location). There are a number of other benefits as well. Read More


Corporate Overview
 Website


How We Rated the Walmart MoneyCard Visa Prepaid Card

Card FeaturesWalmart MoneyCard Visa Prepaid Card Features
FeesWalmart MoneyCard Visa Prepaid Card Fees
Disclosure ClarityWalmart MoneyCard Visa Prepaid Card Disclosure
BBB RatingWalmart MoneyCard Visa Prepaid Card BBB Rating
Load OptionsWalmart MoneyCard Visa Prepaid Card Reload Options
Overall RatingWalmart MoneyCard Visa Prepaid Card Rating
Rating Explanation
Walmart MoneyCard Visa Prepaid Card 5 GetDebit.com Editor The Walmart MoneyCard Visa card provides great value for people shopping for merchandise. The companies behind the Moneycard (GE Money Bank, Walmart and Green dot) are all very highly rated by the Better Business Bureau (which means they are serious about dealing with consumer issues). The Walmart Money Card rates the highest on our scale with excellent fees, bill pay, customer service and load options (You can even load funds with a check!).
The Walmart MoneyCard Visa card provides great value for people shopping for merchandise. The companies behind the Moneycard (GE Money Bank, Walmart and Green dot) are all very highly rated by the Better Business Bureau (which means they are serious about dealing with consumer issues). The Walmart Money Card rates the highest on our scale with excellent fees, bill pay, customer service and load options (You can even load funds with a check!).

Walmart MoneyCard Visa Prepaid Card Fee Examples

Want to know how much the Walmart MoneyCard Visa Prepaid Card might cost you to use in a typical month? We have crunched the numbers for you! We also show how Walmart MoneyCard Visa Prepaid Cardstacks up against some common alternatives so you can see if you would save money using this card. Please remember -- cost should NOT be the only reason why you pick a card -- make sure to consider the card's features (some cards have more features than a typical bank account).

To see different scenarios, change the following variables.
Number of transactions each month Walmart MoneyCard Visa Prepaid Card Bank of America "Regular" Checking Check Cashing Store
Monthly Fee Once per month $ $ $
Cash paycheck (per month) $ $ $ $*
ATM Withdrawals $ $ $
Bill Payments $ $ $
Online Purchases $ $ N/A
In-Store Purchases*** $ $ N/A
Overdrafts:**** $ $
Total $ $ $

Note: * Based on a U.S. Average check cashing rate of 4.54% (per the Brookings Institution),
**Using the Money Order fees from the U.S. Post Office (Some of the lowest available),
*** We assume that 1/2 of your in-store purchases will be made using your PIN,
****A LARGE portion of Americans experience at least 1 overdraft each Month. Also note that the Check Casher CANNOT buy items online, and must use cash for all purchases.

Fees Associated With The Walmart MoneyCard Visa Prepaid Card*

Activation Fee:$3.00 Card Limit:$3000
Monthly Fee:$3.00 ATM Withdrawal:**$2.00
Signature Transactions:***$0.00 ATM Balance Inquiry:$1.00
PIN Transactions:***$0.00 Bill Payments:$0.00

The Walmart MoneyCard is perfect for people who use the card frequently to purchase merchandise in stores or online, but don't have many ATM transactions. If you want a no frills, easy to load card with a low monthly fee and free purchase transactions, then this is the card for you! Also, the already low monthly maintenance fee can be eliminated completely with a recurring direct deposit. As with other bank accounts and prepaid cards, there are additional fees for certain non-typical transactions (like international ATM withdrawals, balance inquiries, replacement cards, teller cash transactions, etc). Always check the fees included in the Terms and Conditions link on the company's website.


Notes:
* Fees verified as of 03/14/2011. Check the Current Terms & Conditions for a list of all the fees.
** Some ATM operators may charge a fee for use of their ATMs in addition to this fee.
*** To use your Walmart MoneyCard Visa Prepaid Card in a "signature" transaction, select "Credit" when checking out at a brick and mortar merchant. Most internet transactions are automatically processed as "signature" transactions.

Walmart MoneyCard Visa Prepaid Card Card Options

For a $6.00 Temporary Card Issuance Fee (vs. only $3.00 for the Standard Card), a Student Edition Walmart MoneyCard can be purchased at Walmart stores. Additional Student cards are FREE! Parents can load on one card and students can use on another.

Here are GetDebit’s “Low Fee Tips” for this Card

Many prepaid cards including the WalMart Money Card Prepaid Visa have fees that can be avoided if carefully used. Here are a few tips to minimize fees when using this card.

Tips for Using The Walmart MoneyCard Visa Prepaid Card