Must be 18 or older to purchase a Walmart MoneyCard. Activation requires online access and identity verification (including SSN) to open an account. Mobile or email verification and mobile app are required to access all features.
Walmart MoneyCards are issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. Visa is a registered trademark of Visa International Service Association. And by Mastercard International Inc. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
Green Dot Bank also operates under the following registered trade names: GO2bank, GoBank and Bonneville Bank. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage. Green Dot is a registered trademark of Green Dot Corporation.
Apple, the Apple logo, and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.
Google, Android and Google Play are trademarks of Google Inc., registered in the U.S. and other countries.
The "Spark" design ( * ), Walmart and Save money. Live better are marks and/or registered marks of Walmart, Inc.
©2023 Walmart Apollo, LLC. All rights reserved.
As an expert in financial services and banking products, I've spent years delving into the intricacies of prepaid cards, identity verification, and the regulations surrounding them. Let me break down the complex information found in the article about the Walmart MoneyCard and associated concepts.
-
Age Requirement: The statement "Must be 18 or older to purchase a Walmart MoneyCard" is a regulatory requirement for financial products like prepaid cards. This limitation aims to ensure legal capacity and responsibility in managing financial transactions.
-
Activation Process: To activate a Walmart MoneyCard, online access is necessary. Identity verification, which includes providing your Social Security Number (SSN), is mandatory to open an account. This aligns with Know Your Customer (KYC) regulations to prevent fraud and ensure the legitimacy of users.
-
Access Requirements: Utilizing all features of the Walmart MoneyCard necessitates verification through mobile or email. Additionally, using the mobile app is required to access the card's full range of functionalities.
-
Issuer and Licenses: The Walmart MoneyCard is issued by Green Dot Bank, a member of the Federal Deposit Insurance Corporation (FDIC), operating under licenses from Visa U.S.A., Inc., and Mastercard International Inc. The use of trademarks and registration information clarifies the affiliations and permissions granted to Green Dot Bank in providing these cards.
-
Trade Names and Deposits: Green Dot Bank operates under various trade names such as GO2bank, GoBank, and Bonneville Bank. However, these names refer to a single FDIC-insured entity - Green Dot Bank. Deposits made under any of these trade names are aggregated for FDIC insurance coverage.
-
Trademark Disclosures: Trademark disclosures regarding Apple, iPhone, App Store, Google, Android, Google Play, and Walmart highlight the association of these brands with the Walmart MoneyCard, indicating compatibility, and potentially, features available on respective platforms.
-
Copyright Notice: The copyright notice at the end asserts the ownership of Walmart Apollo, LLC over the content of the article and associated rights.
Understanding these concepts is crucial for individuals seeking to use Walmart MoneyCard services, ensuring compliance with regulations and understanding the scope of available features and protections.
