Walmart continues to be the store where you can buy almost anything. Now you can conduct an array of financial transactions at the superstore. Need to wire money? Not a problem—Walmart has you covered.
The new service, called Walmart-2-Walmart, gives shoppers the ability to transfer money to and from Walmart stores.Â It will beÂ available to customers later in the month.
Says Forbes, “Itâ€™ll allow shoppers to transfer money to and from 4,000 Walmart stores nationwide for up to 50% less than competitors, according to research by the store chain.”
Walmart-2-Walmart will be directly competing with its current money transfer service, which is run by MoneyGram
Shoppers are able to transfer up to $50 for $4.50 and up to $900 for $9.50. Walmart also has a Money Center at its local stores where consumers can cash checks for $3. In addition, the retailer has an alternative debit and checking account called Bluebird, which features no minimum balance requirement or annual, monthly maintenance, or activation fees.