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Here's the update:

You're not withdrawing the funds to a card!!!! It is coming to a bank account. It's just like a normal bank account. Period.

How can you transfer the money out of a "moneycard" bank account?

Thanks for the reply, so what you are saying is by adding the greendot visa debit card "account number and routing number etc" to a paypal account i can withdraw my funds to greendots virtual bank account which i believe is GE, and cash it out via ATM right?

Yes, you sure can.

EVERY BANK IN THE COUNTRY OFFERS THIS SERVICE.

Let me be clear... a virtual bank account is in fact, a real bank account. All of your real information must be used in order to open one. These cards are not available for direct deposit until the card is received at a real physical address, and your identity is verified.

Your statement (withdrawing cash at ATMs) leads me to believe that you might think this is just a way to cash out anonymously. It is not.

It's already added to a bank account.... the card is a bank account. You might be able to do a bank wire...

Thank you for a reply, i just got another quick question.

Is it possible to make withdraws to that temp card they sell to you @ walmart? or do you need to have psychical card, and also can you access the bank info(routing and all that) without having the psychical card in hand, or you can see that using the temp card.

Thanks for all the information, guess im gonna get one real soon .

Yes you need the physical card. The temp card is non reloadable as I already tried this method.

Ok I went throught this my self, You can only Load $1,000 dollars a month From paypal to WALMARTMONEYCARD. They(walmart) will only allow up to a $500 deposits at one time.
Does anyone know if you can put two of these cards on one $account and withdraw too the two different accounts?

Probably..... but why not get a real bank account?

checksystems? Why not get a credit union bank account?

There are hundreds of better alternatives than this card. WalMart sucks, and so does their bank card!

credit unions..any suggestions
 

how do I find the ones that do not use chex systems? thanks
pm me if needed. im learning some info needs not be on the boards if we want it to last. thanks

Theres no prepaid card like netspeend,walmart card,greendot card, account now,rushcard and so on none of these use chexsystems! only real walk-in sign up banks use chexsystems! banks that allow overdrafts use chexsystem.

A lot of credit unions do not use chexsystems... also, if you have a good relationship with a banker, they will let you get a bank account. It's all about risk assessment. You owe bank A 4000 dollars? Explain that to bank B when you open an account. It's finally up to the person that opens it.

Some banks turn a blind eye to it.... I would shop around. A lot of credit unions also don't look at chexsystems, but they charge more fees.


And don't forget about opening a bank account in a business name. A brand new business with a brand new tax ID number has no record on chexsystems :)

New info on Walmart Card!
Do not add Walmart Card to ING! They are closing accounts that are attached to pre paid debit cards such as walmarts. They are using same excuse as paypal "WE HAVE DECIDED NOT TO DO BUSINESS WITH YOU"
This is new so stay tuned for more info. im sure people are still getting away with it but they closed mine.
I even added authorized users name to match exactly and they ING still closed it.
They asked for family members names and said they can see the exact name on the paypal account so I know this for a fact. Just giving you heads up on any potential issues. Not to cause any panic. The name for the paypal account didnt match but I added exact name to the ING as authorized user. They locked my ING account and closed it and said they are going reverse the money to paypal. im still waiting because it didnt go back to paypal instantly. anybody had this issue?

They limit your money tho after a bit. So its pointless.

Why do you think the ING account was closed? Because you're using a wal mart money card to accept withdrawals from the ING account? :doh:


It's a known fact that ING will shut you down if the incoming deposits to ING from ANYONE have a name mismatch. The wal mart money card AKA "sub prime checking of the century" might have a similar policy.

If the flow of money is like this

Rob paypal > Rob ING > Rob wal mart card

I'm guessing no problems. However if it's like this:

Chelsea paypal > Joe ING > Rob wal mart card

Yeah, you're gonna have issues.


Another problem a lot of ING users don't think about ..... these are savings accounts (I assume that's what you're using) and ING is strict on the 4 withdrawals per month regulation on savings. If you make more then 4 withdrawals per month on an ING account, they will most likley shut you down.

DEf. if you not using name variation ING will shut you down. I have experience with that.
I have made several transfers to walmart money carc and have no probs. like others have said. $500 or less per transfer and also I think $1000 per month per walmart money card is the limit.

i recently tried one of these cards and it worked great! does anyone know if a person can have multiple walmart money cards?

You mean multiple sub-prime bank accounts.... YES!

Does having many ( beyond 10 or 20 ) bank accounts raise any flags with the government? And what is a sub prime bank account? One more, is having many credit cards like the walmart one with a bank account access attached to it raise flags in a similar way as I described earlier? I mean like having the IRS or worst looking at your money flow through these banks. Keeping everything under 10,000 in the bank is known but all that money flow combined is what scares me.

Interesting this Walmart Moneycard.

Do you guys apply for this in person as in go to a Walmart and such? And is it possible for someone like me from Canada to cross the border, present myself with Canadian ID and open one up?

is it safe to add these Walmart MC's to Paypal as a bank account? the only bank account?