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Cash Your Economic Stimulus Check At Walmart

  1. May 24, 2008 #1
    Food stores lure stimulus money with varied incentives

    No bank account needed at walmart

    http://www.azstarnet.com/sn/biz-topheadlines/240494.php

    With the cost of food going up apparently a basket full of food is now considered a big ticket item. And remember that the prepaid Visa debit card can be used to buy gasoline.:rolleyes:
     
  2. jcsd
  3. May 24, 2008 #2

    Moonbear

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    You can buy more than just food at WalMart. It's very clever of them to get people to sink the whole check into a store card so you have to spend it all at WalMart. I wonder how many people are stupid enough to do that though? Then again, if they don't even have a bank account to cash their own check, they already have money management problems. I guess if someone pretty much only shops at WalMart anyway, and doesn't have a bank account to put the money into, it's not a bad deal to not have to pay a check cashing fee. On the other hand, $600 is enough to open a bank account.
     
  4. May 24, 2008 #3
    Most Walmarts also sell big screen TV's. Come to think of it all I need is a 52 inch TV and a case of twinkies.:smile:
     
  5. May 24, 2008 #4
    A while back, we got a letter from the IRS telling us that we would be getting a check. Postage and processing for that letter must have been $1 at least. Today we got second letter telling us that our check would be arriving on the 30th. There goes another buck. The check itself will cost another buck. All so that the govt can take credit for giving me my own money. What a rip.
     
  6. May 24, 2008 #5
    I didn't make enough money last year to qualify for the government to stimulate my economy.
     
  7. May 24, 2008 #6
    Well to be fair, it looks like this "MoneyCard" is just a check card with a Walmart name on it. I usually don't carry any cash with me, and just use my Visa check card for everything. So as long as the MoneyCard can be used anywhere, it doesn't seem like a disadvantage versus having actual cash. I think Walmart is just trying to get people to come to their stores. Sure, it's still an evil corporate scheme, but not quite as insidious as having people put their stimulus checks on a gift card.
     
  8. May 24, 2008 #7

    Evo

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    I love Walmart, I save a ton of money there on the same brand names I would buy somewhere else. I'm not stupid, buy Brand A at Walmart for $50 or buy Brand A at another National Chain store for $95.
     
  9. May 24, 2008 #8
    I'm sure these kids are happy that you saved $45.

    [​IMG]
     
  10. May 25, 2008 #9

    Evo

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    That has to do with what? It's the same brands that are sold everywhere. It doesn't matter if I buy it at Fred's store for $150, or $95 at Best buy or $50 at Walmart. The retailer has nothing to do with the manufacturer. If I buy a Sony TV, I'm going to buy it at the best price I can find. Where I buy it is not going to affect the factory workers.
     
    Last edited: May 25, 2008
  11. May 25, 2008 #10

    Moonbear

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    Actually, I've found that their brand name items still aren't exactly the same as the brand at another store. They persuade manufacturers to put their brand on a cheaper quality item by sheer volume of promised sales. If you look closely at model numbers and such, they aren't quite the same. Everything I've ever bought at a WalMart has broken within a few months.
     
  12. May 25, 2008 #11
    Chinese sweatshop worker kids strike back!
     
  13. May 25, 2008 #12

    Moonbear

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    So, basically, they're holding your money to earn interest until you spend it, like a bank, but without a bank? When I heard the ads, I thought it was just a gift card type thing.

    Anyway, looking into it, it seems it comes with a monthly maintenance fee, in addition to the fees that are being waived the one time (there's a reload fee too).

    https://www.walmartmoneycard.com/Ac...pport/CardholderAgreement.aspx?siteid=walmart

    These people would be better off putting that money into a bank without all those fees.
     
  14. May 26, 2008 #13
    It is kind of funny cause if everyone spent their economic stimulus checks at walmart, it really wouldn't do any economic stimulation would it?
     
  15. May 26, 2008 #14
    I never buy any electronic items at Walmart as most, are refurbished. I know for a fact that this applies to televisions, computers and computer accessories such as sound cards, video cards and disk drives.
     
  16. May 26, 2008 #15
    I just read a bit about Wal-Mart on wikipedia and found that Hilary Clinton is a former member of the board for wal-mart. I just thought that was interesting. 1985-1992.
     
  17. May 26, 2008 #16

    Evo

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    They offer refurbished products online and they are clearly stated as refurbished. They sell new electronics in the stores and they are the same brand names and the same model numbers, I know, I've checked model numbers, it was for DVD players. Only thing I've bought there though was a small $79 tv for a spare bedroom. Worked great. When you look for a certain brand and model, you need to make sure that the specs are the same, for example with computers. Walmart might have less bells and whistles on an item, but it's not made with inferior parts.

    http://www.walmart.com/catalog/product.gsp?product_id=3985243

    Except this is no longer available.
     
    Last edited: May 26, 2008
  18. May 26, 2008 #17
    My experience was with accessories where the performance can be rated. I've seen 'new' video cards form Walmart that either don't meet the performance level of the other sellers product, or have inherent problems... then taking them back for a refund. I've also seen these issues with a few CD data drives... The Walmart product either being noisier or reading/writing at a much slower rate.

    At the same time, I have seen perfectly good products come from Wally World that function as they should. It's just that I haven't seen this level of 'hit and miss' with products form other retailers.
     
  19. May 26, 2008 #18
    Did you say wally world?

    [​IMG]
     
  20. May 26, 2008 #19
    Something that's funny, pull up Google and type in 'Wally World' and look at the first thing that pops up.:biggrin:
     
  21. May 26, 2008 #20

    JasonRox

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    Good point.

    An important point you mentionned, is the sheer volume of sales Wal-Mart produces for a manufacturer. This leads to Wal-Mart being responsible for a large portion of the manufacturers revenues up to the point that they can not afford to lose a contract with Wal-Mart or it would result in large lay-offs or closure of many plants or even the company itself. Why is that bad? Well, Wal-Mart uses this edge to choose it's own prices. If a manufacturer offers it's lowest possible price of at say $1 a unit, Wal-Mart can and sometimes will reject the offer and offer to purchase it for $0.50 a unit. Clearly, the company can not cut its costs in half!!! What happens? The company is forced to relocate plants to places like China, Mexico and so on. Hence, to answer Evo's implicit question. Yes, retailers do play a role where the manufacturer produce their products that you purchase.
     
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