Walmart is introducing the Walmart Bluebird Prepaid American Express Debit Card, which is perhaps the most exciting Card introduced in a long time. Even though it is a Prepaid debit card, it is designed to be an alternative to checking account and debit cards.
The card has many of the features that you will find with a regular bank account and surprisingly, the fees associated with the card a quite low, which is going to make it very attractive to the unbanked and young people who do not necessarily want to go through the hassle of getting a regular bank account. Here are some of the key selling points:
The Walmart Bluebird Prepaid Card List of Fees:
- No Activation Fees
- No Monthly Maintenance Fees
- No Inactivity Fees
- No Annual Fees
- No Foreign Exchange Fees
- No Replacement Fees
- No Fee to load money onto the card via Direct Deposit
- No Fee to load money onto the card at a Walmart Location
- No Fee to load money onto the card from your checking account
- No Overdraft (the card does not allow you to overdraw your account)
- $2 fee for ATM Cash Withdrawal (no fee for in-network ATMs)
- No Customer Service Fee
Here is a detailed list of the fees and charges associated with the card:
By far, this is the best prepaid debit card on the market and it will be very difficult to find a card out there that packs more consumer friendly features.
The card will go on sale soon at All Walmart Locations
When will the Bluebird (American Express) be ready to sign up on line.