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Wal-mart Debit card

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    Wal-mart Debit card

    I had many people suggest to use the Wal-mart MoneyCard to lay low if you're worried about having your checking account levied.

    Sometimes my direct deposits exceed $3,000. What do I do in this case? See item in red.

    Here's the fine print on the Wal-mart VISA Debit card:

    If you reload your Personalized Card by presenting your Wal-Mart MoneyCard to a cashier at a participating Wal-Mart store, we will charge the fee listed in the chart in Section 10. Wal-Mart may also charge you a fee for cashing a check. Please note that if you reload your Personalized Card at other locations, or if you reload your Personalized Card by purchasing a MoneyPak, we do not charge you a fee but those businesses or Green Dot may charge a fee to you for the service they provide. Excluding direct deposits from your employer, the minimum amount that may be loaded to a Personalized Card in a single reload is $20 and the maximum amount that may be loaded to a Personalized Card in a single reload is $1,100.The maximum amount that may be loaded to a Personalized Card on a day is $2,500. In no event may the balance of any Personalized Card exceed $3,000. For security reasons, there may be additional limits on the amount, number or type of reloads you can make to your Wal-Mart MoneyCard.

    This is GROSS INCOME without taxes being taken out from a home business, that's why the amount is so high. I only get to live on 2/3rds of this after taxes and then another $500-600/mo. of that goes to business expenses. So I'm basically left with almost 1/2 of this to try to live on. This is why I can't afford to pay all of my bills.

    Are there any other VISA debit cards similar to this where I can do a direct deposit to?

    #2
    Originally posted by debtmonster View Post
    I had many people suggest to use the Wal-mart MoneyCard to lay low if you're worried about having your checking account levied.

    Sometimes my direct deposits exceed $3,000. What do I do in this case? See item in red.

    Here's the fine print on the Wal-mart VISA Debit card:

    If you reload your Personalized Card by presenting your Wal-Mart MoneyCard to a cashier at a participating Wal-Mart store, we will charge the fee listed in the chart in Section 10. Wal-Mart may also charge you a fee for cashing a check. Please note that if you reload your Personalized Card at other locations, or if you reload your Personalized Card by purchasing a MoneyPak, we do not charge you a fee but those businesses or Green Dot may charge a fee to you for the service they provide. Excluding direct deposits from your employer, the minimum amount that may be loaded to a Personalized Card in a single reload is $20 and the maximum amount that may be loaded to a Personalized Card in a single reload is $1,100.The maximum amount that may be loaded to a Personalized Card on a day is $2,500. In no event may the balance of any Personalized Card exceed $3,000. For security reasons, there may be additional limits on the amount, number or type of reloads you can make to your Wal-Mart MoneyCard.

    This is GROSS INCOME without taxes being taken out from a home business, that's why the amount is so high. I only get to live on 2/3rds of this after taxes and then another $500-600/mo. of that goes to business expenses. So I'm basically left with almost 1/2 of this to try to live on. This is why I can't afford to pay all of my bills.

    Are there any other VISA debit cards similar to this where I can do a direct deposit to?
    get 2 or 3 cards and divide the direct deposit between the cards

    Comment


      #3
      That sounds like an excellent alternative but I do not think the MLM company is set up to do that. I will have to keep this in mind! Thanks for that easy tip!

      Comment


        #4
        Originally posted by debtmonster View Post
        That sounds like an excellent alternative but I do not think the MLM company is set up to do that. I will have to keep this in mind! Thanks for that easy tip!

        OK than how about MLM company make a direct payment to your mortgage co. an the rest to the card

        Comment


          #5
          First they have to get a judgement against you before they can seize your bank account so you should have plenty of notice. Keep a regular bank account until you get a judgement. Just leave a little bit in your account and take the rest out in cash.

          Get one of those fireproof safes to stash you cash.

          Comment


            #6
            Originally posted by systemslt View Post
            OK than how about MLM company make a direct payment to your mortgage co. an the rest to the card
            I wish it was that easy. There's no way to set it up that way.

            There's a thing I have to do on-line with them and they only have the routing # and account # for my checking account and that's it.

            Comment

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