Money Transfers at Walmart: A Convenient Guide

Walmart offers a simple and convenient way to send and receive money both domestically and internationally through its in-store services. Partnering with financial services like MoneyGram and Ria, Walmart allows customers to transfer funds quickly, often at lower fees compared to traditional banks. Whether you’re sending money to a loved one in another state or abroad, Walmart’s money transfer service provides a reliable solution with the added convenience of accessible locations and flexible hours.

1. How Money Transfers at Walmart Work

Walmart facilitates money transfers through two primary services: Walmart2Walmart and MoneyGram.

a. Walmart2Walmart:

Walmart2Walmart is a domestic money transfer service that allows you to send money between Walmart stores within the United States, including Puerto Rico. This service is powered by Ria Money Transfer.

• Fees: Walmart2Walmart offers competitive flat fees depending on the amount you’re sending. For example, sending up to $50 costs about $4, while sending up to $1,000 may cost around $8.
• Processing Time: Transfers are typically completed within minutes.
• How to Use: Visit the MoneyCenter or customer service desk at any Walmart, fill out a form with the recipient’s details, pay the transfer amount and fee, and the recipient can pick up the money at any Walmart location.

b. MoneyGram:

For international money transfers or domestic transfers beyond Walmart2Walmart’s reach, Walmart partners with MoneyGram.

• Fees: Fees vary based on the destination, transfer amount, and how the recipient will receive the funds (cash pickup, bank deposit, or mobile wallet). MoneyGram generally offers lower fees for online transfers compared to in-store transactions.
• Exchange Rates: MoneyGram provides currency exchange for international transfers. The exchange rate may include a margin over the mid-market rate.
• Processing Time: Cash pickups are usually available within minutes, while bank deposits may take 1 to 2 business days.
• How to Use: You can initiate a MoneyGram transfer at a Walmart store or online via Walmart’s MoneyGram page. Provide the necessary details, pay the transfer amount and fee, and the recipient can collect the funds as specified.

2. Benefits of Using Walmart for Money Transfers

• Convenience: With thousands of Walmart locations across the U.S., you can easily find a store near you to send or receive money.
• Cost-Effective: Walmart offers some of the lowest fees for money transfers, especially for domestic transfers.
• Speed: Most transfers, particularly within the U.S., are available for pickup within minutes, making it an excellent option for urgent needs.
• Flexibility: Whether you’re sending money locally or internationally, Walmart provides options that suit various needs and budgets.

3. Considerations When Using Walmart Money Transfers

• Fees and Exchange Rates: Always check the total cost of your transfer, including any currency exchange rates for international transfers, to ensure you’re getting a good deal.
• Transfer Limits: Walmart has limits on how much money you can send, which vary by service. Ensure your transfer amount is within the allowable range.
• Identification Requirements: Be prepared to provide valid identification when sending or receiving money, especially for larger amounts.

4. Conclusion

Walmart’s money transfer services provide a convenient, fast, and affordable way to send money both domestically and internationally. Whether you’re using Walmart2Walmart for a quick transfer within the U.S. or MoneyGram for international remittances, Walmart makes the process simple and accessible, ensuring your funds reach their destination securely.