How to Easily Cancel Your Walmart MoneyCard Account?

Have you been using the Walmart MoneyCard but are now looking to close your account? Canceling a Walmart MoneyCard is quick and straightforward if you know the proper steps. In this comprehensive guide, we’ll outline everything you need to know to close your Walmart MoneyCard account smoothly.

The Walmart MoneyCard is a popular prepaid debit card that offers convenient features like online bill pay, mobile check deposit, and cash back rewards. However, there may come a time when you need to cancel the card, such as if you no longer shop at Walmart frequently or found a better prepaid card.

The good news is that you can easily cancel your Walmart MoneyCard in several ways, including online, by phone, or by spending your balance down to $0.

So how exactly do you cancel a Walmart MoneyCard quickly and easily?

You can cancel your Walmart MoneyCard account online, by calling customer service, or by spending down your card balance to $0. The account will close right away when you use the online portal or call to cancel.

In this comprehensive guide, we’ll cover:

• Using up your remaining MoneyCard balance before closing
• Step-by-step instructions to cancel online
• How to close your account by phone
• Closing your card by mailing a request
• What happens after you close your account
• Answers to frequently asked questions
• Tips for a smooth and easy cancellation process

Let’s start by looking at how you can use up your Walmart MoneyCard balance before closing the account.

Step 1: Use Up Your Remaining Balance

Before closing your Walmart MoneyCard, first use up any remaining funds so you can avoid getting a refund check later. You have a couple options to spend down your balance:

• Use your Walmart MoneyCard to make purchases anywhere Visa debit cards are accepted, including in stores, online, over the phone, etc.
• Withdraw cash from ATMs using your Walmart MoneyCard.
• Create a barcode in the Walmart MoneyCard app to pick up cash at Walmart stores.

Spending down your balance to $0 is the easiest way to close the account since it happens automatically. Once your balance hits $0, your Walmart MoneyCard account will close.

Step 2: Close Your Walmart MoneyCard Online

The simplest way to cancel your card is directly through the online account portal. Just follow these steps:

1. Go to www.walmartmoneycard.com and log into your Walmart MoneyCard account.
2. Click “Account Management” and select “My Card.”
3. Choose the option to “Close Account” and follow the instructions.
4. Confirm you want to close the account permanently.
5. Your Walmart MoneyCard will now be closed immediately.

Once you complete the online cancellation process, you’ll no longer be able to use your card for purchases or access your account. This is the fastest and easiest way to cancel your card if you already have an online account set up.

Step 3: Close Your Account by Calling Customer Service

Alternatively, you can cancel your Walmart MoneyCard by calling the customer service number at 1-877-937-4098. Here’s what to do:

1. Call the customer service line and speak to a representative.
2. Provide your 16-digit Walmart MoneyCard number and verify your identity.
3. Let the rep know you want to close the account permanently.
4. The agent will then immediately cancel your card over the phone.

Calling customer service allows you to cancel your account right away without having to log into the website. Just be ready to answer some security questions to confirm your identity.

Step 4: Close Your Card by Mailing a Request

Lastly, you can cancel your Walmart MoneyCard by mailing a written request to:

Walmart MoneyCard
P.O. Box 1070, West Chester, OH 45071

Your letter should clearly state that you want to close your card and include your:

• Account number
• Full name
• Phone number
• Reason for closing (optional)

Once they receive your cancellation letter, it may take 7-10 business days to process. This is the slowest option but can be done if you don’t want to call or use the website.

What Happens When You Close Your Card?

When you cancel your Walmart MoneyCard, here are some key things that will happen:

• You can no longer use the card for purchases: The card will be immediately deactivated and declined if you try to use it.
• Your account history remains available: You can still access your online account to view statements and transaction history.
• You’ll get a refund if funds remain: Any balance left on your card when closing will be mailed to you as a refund check within 14 days.
• Your credit score is not affected: Closing a prepaid card does not impact your credit score or report since there’s no credit line.
• Your direct deposits will stop: Any recurring direct deposits to your MoneyCard will no longer go through after closure.
• You can’t reopen the same card: Once you close the account, that card is permanently canceled. You would need to open a new MoneyCard.

So in summary, canceling your MoneyCard instantly cuts off access to the account and card usage. Be sure to use up all funds prior to closure to avoid any refund hassle.

Walmart MoneyCard Cancellation FAQs

Here are answers to some frequently asked questions about canceling a Walmart MoneyCard account:

How long does it take to cancel my Walmart MoneyCard?

Cancellation happens instantly when you close your account online or by phone. If mailing a request, it takes 7-10 business days to fully close out the account.

Can I reopen my closed MoneyCard account?

Unfortunately no, once you close the account that specific card is permanently canceled. You would need to apply for a brand new MoneyCard if you change your mind later.

Is there a fee to close my Walmart MoneyCard?

No, Walmart does not charge a fee to cancel your MoneyCard account. It’s free to close by any of the methods discussed.

What if I have a balance when I close my account?

Any funds left on your MoneyCard will be refunded to you by check within 14 days after closure. Make sure the mailing address is up to date.

How do I make sure my direct deposits stop?

Contact any employer or other payer to notify them you closed the card so they stop direct deposits to that account. Double check your bank account to confirm it stopped.

Can I transfer my remaining balance to a new card?

Unfortunately, you cannot transfer the balance directly to another new card. You have to receive a refund check and then deposit that to your new account.

Will closing my card hurt my credit?

No, since the Walmart MoneyCard is a prepaid debit card with no credit line, closing it has no impact on your credit reports or scores.

The Bottom Line

While the Walmart MoneyCard can be convenient for shopping, you may eventually want to close the account if it no longer fits your needs. The good news is you can easily cancel your Walmart MoneyCard online, by phone, or by spending the balance down to $0 right from the app.

Just use the quick online portal to close your account instantly. Or call 1-877-937-4098 to speak with a customer service agent who can close the card immediately after identity verification. If you have a remaining balance, be sure to use it up entirely before closing to avoid refund hassles.

With this simple guide, you can seamlessly cancel your Walmart MoneyCard in minutes and rest assured your account is fully closed. The card and account will instantly be deactivated after cancellation, preventing any further usage or access. Just be sure any direct deposits are notified to avoid any issues.

In no time at all, you can successfully close your Walmart MoneyCard account without any hassles using the handy tips in this guide. The online portal makes it quick and easy to cancel in just a few clicks.