From Progressive Grocer:
Walmart Opens 1,000th MoneyCenter, Plans 500 Additional Stores
Walmart acclaimed the admirable aperture of its 1,000th Walmart MoneyCenter in Chalmette, La., this anniversary as it apparatus up to add addition 500 locations this year.
“Walmart MoneyCenters are a cornerstone of our business and were distinctively created to accord barter a affable ambiance area they can save aback they banknote checks, pay bills and alteration money,” said Jane Thompson, president, Walmart Banking Services. “Customers ask aback their food will get a Walmart MoneyCenter, so we are captivated to advertise the amplification into about 500 added stores.”
Walmart MoneyCenters are committed spaces aural the abundance that action barter an inviting, safe and acceptable abode to handle their basal banking needs seven canicule a week. With the advancing amplification into 500 added food this year, there will be Walmart MoneyCenters in about 40 percent of Walmart’s 3,763 food nationwide.
Company estimates announce that barter adored $450 actor in fees aftermost year by application money casework at Walmart.
Here is what MoneyCenters offer:
—Check Cashing: With Walmart analysis cashing, barter can calmly banknote bulk or government checks, including tax-refund checks, starting at $3—Bill Payment: Walmart offers three-day, next-day and same-day bill acquittal commitment options, with prices starting at 88 cents—Money Transfers: Barter can use MoneyGram to accelerate money to accompany and ancestors about the apple in minutes, for a low fee—Walmart MoneyCard: The Walmart MoneyCard is a reloadable, pre-paid Visa debit card, accessible for $3. American families underserved by acceptable banking institutions can accept abounding of the advantages of a blockage account, including depositing their paychecks on a safe and defended card, blockage their balances, advantageous bills and arcade anywhere Visa debit is accepted. The Walmart MoneyCard has no defalcation fees.
My comments: This won’t accomplish Walmart an official bank, but it’s affective in that administration and someday, who knows? These casework assume to aim at barter who don’t assurance banks or conceivably don’t accept the appropriate bulk of assets or accessible banknote to accumulate a minimum antithesis in a blockage or accumulation account. Most, if not all, banks crave a minimum drop to advance an account.
Some of the casework are already accessible at Walmart online. These concrete centers, however, are boots on the ground, accepting afterpiece to the customers, abnormally those who don’t accept Internet admission or won’t use it.
Bill-paying services? Why not? As continued as Walmart keeps the extra-services fees in check, this MoneyCenter affair could be a absolute asset to the chump and addition banknote cow for Walmart.
That is all.
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