A process allowing individuals to electronically transfer funds from their payer (employer, government agency, etc.) directly into their Walmart MoneyCard account. This method eliminates the need for paper checks and manual deposit procedures. As an example, an individual’s paycheck can be automatically credited to their card account each pay period.
The availability of this electronic funds transfer offers considerable advantages, including increased speed and convenience in accessing earned wages or government benefits. Historically, individuals relied on physical checks and bank visits, which consumed time and presented potential delays. The advent of direct deposit has streamlined financial transactions and reduced the risk of lost or stolen checks.
