$7 fee for domestic and international transfers applies to more than 190 countries
BENTONVILLE, Ark., Nov. 19, 2009 – Just in time for the holidays, Walmart (NYSE: WMT) announces another significant savings to customers: $7 money transfers. Starting today, customers can send up to $200 anywhere in the U.S. or internationally at a Walmart MoneyCenter or customer service desk for the new low price of $7. Transferring money at Walmart is a quick and secure way to send money to loved ones during the busy holiday season with funds available for pick up in just 10 minutes.*
The holiday season is one of the busiest times of year to send money. According to Walmart’s internal research, during the month of December the number of transfers typically increases by 14 percent over the previous 11 month average.
“Saving our customers money is one of our highest priorities at Walmart. This new $7 fee for both U.S. and international money transfers is continuing our commitment to provide low prices for our customers,” said Jane Thompson, president of Walmart Financial Services. “Customers will on average save more than 40 percent when they send money transfers for up to $200 from Walmart.”
Walmart offers convenient and secure money transfer services through MoneyGram®. Money transfers can be sent and received at the Walmart MoneyCenter or customer service desk in more than 3,500 Walmart stores across the U.S. Sending a money transfer at Walmart is easy because it does not require a bank account or credit card and Walmart offers the extended hours of its stores to add to the convenience.
"With our strong and growing worldwide agent network of more than 186,000 locations across the globe, we are well positioned to continue to offer great value and convenience to our customers in the U.S. and internationally,” said Dan O’Malley, president of the Americas at MoneyGram International.
“Now more than ever before, Americans are searching for alternatives to high priced money services,” said Thompson. “We’re particularly pleased to offer our lowest money transfer price ever to our customers during these challenging economic times.”
Everyday ways to save on financial services
As families across the nation look for ways to save during the holidays, Walmart’s $7 money transfer will bring a low-cost option to millions of shoppers. Walmart is a leading provider of accessible and affordable financial services that help customers manage their money throughout the year, including check cashing, bill payment and the Walmart MoneyCard.
- Check Cashing -- With Walmart check cashing, customers can conveniently cash payroll or government checks, including tax checks, starting at $3.
- Bill Payment -- Walmart offers three-day, next-day and same-day bill payment delivery options, with prices starting at 88 cents.
- Walmart MoneyCard – The Walmart MoneyCard is a leading reloadable, pre-paid Visa debit card, available for the low price of only $3. American families underserved by traditional financial institutions can have many of the advantages of a checking account, including depositing their paychecks on a safe and secure card, checking their balances, paying bills and shopping anywhere Visa debit is accepted. The Walmart MoneyCard has no overdraft fees.
*Subject to agent hours and availability.
Every week, millions of customers visit Walmart stores, Neighborhood Markets, and Sam’s Club locations across America or log on to its online store at www.walmart.com. The company and its Foundation are committed to a philosophy of giving back locally. Walmart (NYSE: WMT) is proud to support the causes that are important to customers and associates right in their own neighborhoods, and last year gave more than $378 million to local communities in the United States. More information about Walmart can be found by visiting www.walmartstores.com.
MoneyGram International offers more control and more choices for people separated from friends and family by distance or those with limited bank relationships to meet their financial needs. A leading global payment services company, MoneyGram International helps consumers to pay bills quickly and safely send money around the world with funds arriving in as little as 10 minutes. Its global network is comprised of 186,000 agent locations in 190 countries and territories. To learn more about money transfer or bill payment at an agent location or online, visit www.moneygram.com.
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