How Long Does Walmart Hold Your Money – Timeline & Expectations

Walmart has many services available to customers, including Walmart to Walmart money transfers that can wire money to any Walmart store in the country to get to the desired recipient. It is low cost and reliable, but even with these benefits, some things may pop-up that hinder the recipient from getting the money immediately. This begs the question: how long does Walmart hold your money? 

Walmart money transfers can hold money for 60 days until the money is then returned to the sender if not collected in this time frame. 

Continue reading to learn more about Walmart’s money transfer system and what it entails. 

What is needed to pick up money from Walmart? 

To use Walmart’s money transferring system, a person must be 18 or older to use this service. Identification is needed for the person who sends the money and the person receiving it. 

Here are the accepted forms of identification for sending and receiving money: 

  • Driver’s License
  • Passport (US or International)
  • Permanent Resident Card
  • Military or Tribal ID 
  • Mexican Metricula Consualr

Additionally, the recipient must have the transaction reference number to bring to Walmart’s MoneyCenter to receive the funds. The recipient can receive the money in cash in as little as 10 minutes after the funds are initially sent. The speed and reliability of this system make it so easy for both the person sending the transfer and the recipient. 

The Walmart app can also access the Money Services section, where transfers can be set up online instead of in person. This can be done any time of day and doesn’t require going to a store, though the recipient will still need to go into their local MoneyCenter to cash out their funds during business hours.

Most MoneyCenters are open for twelve hours, starting at 8 am and ending at 8 pm. Sundays may find more restrictive hours, from 10 am to 6 pm, though this window of time is still large enough that most people should have no issue getting there to be given their funds. 

What are the limits and fees on money transfers through Walmart? 

Unfortunately, sending money quickly and to virtually any location where there is a Walmart will not be a free service. On the bright side, these money transfer services are quite affordable but increase with larger amounts of money being sent. 

  • Transfers up to $50: $4 fee
  • Transfers from $51-$1,000: $8 fee
  • Transfers from $1,001-$2,500: $16 fee

These fees are drastically lower than money wiring fees from other institutions, which can cost up to $40 to send a mere $600, compared to Walmart’s $8 fee for a similar amount of money being sent. There are limits to how much money one can send per day, with those limits being $2,500 per person.

This limit has one exception in Arizona, where the daily limit is $499 per person. Most areas have a high cap on how much one can send daily, which can be very helpful to the person receiving the money who may need a large sum in a timely manner. 

The other benefits of tracking, same-day pick-up, and a long holding period for the recipient to cash out add to the reasons to consider using Walmart for money transfer needs. 

How do I track my Walmart money transfer? 

When transferring money through digital (or in-person) services, it is understandable to be concerned about how timely the money will be available for the recipient. 

A Walmart associate at the MoneyCenter can track the funds using the reference number provided by the sender. Third-party apps or websites can also be used, such as the Ria app or the MoneyGram website, where the reference number can be plugged in, and an approximate timeline can be given. 

Under some circumstances, the money transfer may be denied. Most commonly, this will happen if there are insufficient funds in the account for which the transfer is set or the identification used cannot be verified. Sometimes, the transaction simply was not finished. If there are ever issues with your money transfer, contact a Walmart MoneyCenter Associate for more information. 

What if I need a refund for my Walmart Money Transfer? 

Refunds may be given if the sender sends too much money accidentally and, of course, in cases of fraud. These refunds are issued through the original payment form and can take 2 to 10 business days to be processed and back into your account. Refunds are not given within the 60-day holding period, though if there is a concern of fraud, there may be some exceptions to this rule. 

Money transfers can be canceled only if the money has not been claimed. This could be done through the app using the “Transaction Details” page if the transfer was placed that way or by contacting Walmart’s MoneyCenter. Have the reference number handy to expedite the process. 

Final Thoughts

Wiring money to different locations doesn’t have to be costly or involve many extra steps to send or receive. Walmart’s money transferring system is widely available throughout the country and in Puerto Rico. It is affordable, quick, and reliable, with high daily limits that can be sent out.

With the ease of using the Walmart app to make transfers, the person sending the money out doesn’t even have to visit a Walmart MoneyCenter, though the recipient’s only option for cashing out is in-person. 

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