Walmart MoneyCard: who holds your money
Walmart MoneyCard is not a bank. Walmart MoneyCard says customer money is held at Green Dot Bank DBA Bonneville Bank, with insurance reaching customers as direct FDIC insurance at a chartered bank. We read this information in the app's own public disclosure on September 5, 2026, and this page quotes that disclosure below. You can check each partner bank's own page on this site.
Walmart MoneyCard is not itself a chartered bank. Customer money sits at Green Dot Bank DBA Bonneville Bank, which has letter A among banks of similar size on this site. Federal deposit insurance reaches customers directly through that chartered bank, with coverage of $250,000 per depositor, per insured bank, for each account ownership category. Walmart MoneyCard’s disclosure was read on September 5, 2026.
Partner banks
- Green Dot Bank DBA Bonneville BankFDIC #22653 · program bank3.7%above the insured limitA96.2
The figure is the share of total bank deposits above the $250,000 federal insurance limit, reported quarterly to the FDIC. High shares are normal for banks holding large app program balances. They do not mean your balance is uninsured: pass-through insurance usually covers customers individually at the partner bank. Across US banks in 2022 to 2026, those above roughly 36% saw large quarterly total deposit declines more often than those below. Most banks above that level saw no such fall. This measures deposit movement and does not predict trouble for any bank.
Disclosure
Walmart MoneyCard® is issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc.
www.walmartmoneycard.com · as of September 5, 2026
Same page: deposits under Green Dot Bank's trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage.