Important: Advance Child Tax Credit Payments Info & More!
5 easy ways Walmart MoneyCard can help you quickly access the advance Child Tax Credit payment and other Government benefits. For Child Tax Credit payment recipients, we’ll get you fast access to your funds and post them to your account as soon as we receive the instructions from the IRS.
1) Expecting a Child Tax Credit payment?
- If you have already filed your 2020 tax refund and have set up direct deposit to your Walmart MoneyCard account, and you are eligible, no action required! Sign up for Account Alerts to be notified of incoming payments. Message and data rates may apply.
- If you haven’t filed your 2020 taxes yet, the IRS will use the last direct deposit information that they have on file.
- If you aren’t required to file a tax return and haven’t given the IRS your information already, you will need to give them some basic information for the Child Tax Credit, which can be found here.
2) Need to check the status of your advance Child Tax Credit payment with the IRS? Keep checking the IRS advance Child Tax Credit payment page tools to help you check your eligibility, manage, or unenroll from payments. Please note that Walmart MoneyCard does not have any information regarding your payment status or eligibility.
3) Need a replacement card? If you have misplaced your card and need to report it lost or stolen, log in to WalmartMoneyCard.com or the mobile app to request a new card.* Make sure the address we have on file is correct.
4) Need to open a bank account to receive a bank account number instantly? Open an account to get started!
Tip: Access your funds with early direct deposit for payroll or Government benefits such as SSA, or SSI.
Timing for early direct deposit depends on deposit verification and when receive notice from your benefits provider and may vary from pay period to pay period. Government stimulus payments will be posted to your account as soon as we receive the instructions from the IRS.
5) Have more questions? Check the IRS Website for more info about advance Child Tax Credit payments or Government stimulus.
General information regarding the Child Tax Credit or Government stimulus payment on this page is based upon information provided by IRS.gov and we will make our best efforts to keep this information timely.
Find out more about getting fast access to the Child Tax Credit, Government stimulus payment and other benefits.
Access your Walmart MoneyCard bank account and routing number by logging in to your account online or the app.
Or open an account to receive a bank account number instantly!
Are you eligible for the Child Tax Credit?
Customers with their Walmart MoneyCard account information on file with the IRS from their 2020 tax filing will automatically receive the Child Tax Credit payments to the same account if they are eligible.
Please check the IRS site for eligibility.
Do you need to provide the IRS your bank info to receive the Child Tax Credit?
If you are not required to file a 2020 tax return, didn’t file one and don’t plan to, you’ll need to provide the IRS your Walmart MoneyCard account information using the Child Tax Credit Non-filer Sign-up Tool.
The IRS will automatically determine your eligibility and issue advance payments based on the information you give them.
Access your Walmart MoneyCard account information by logging in to your account online or the app.
Do you need to cash a check?
If you are expecting a paper check, click the Deposit Checks tab to find out how to cash or deposit a check to your account.
Misplaced your card and need to report it lost or stolen? *
You can order a new card by logging into your account at WalmartMoneyCard.com and going to Account Management, My card, Report card lost or stolen.
Need to get alerts for your deposit?
Log in to your account and activate Account Alerts or with the mobile app. Message and data rates may apply.
Reducing the impact to your financial life
Here are some resources we have gathered to help you manage your finances.
Adjusting your budget
Six things you can do right now to adjust your budget in these difficult times.
Your continued financial health
Look here if you have questions about unemployment, paid sick leave, student loans, or paying rent.
Need work?
If you are looking for a job, check this out for places that are hiring during the outbreak. And check here for other job search resources.
We urge you to stay informed about COVID-19
The CDC has excellent resources
and information. Click here.
The World Health Organization has
additional resources. Click here.
Your account
Digital access to your account is the fastest way for self-service banking and 24/7 account access:
- View your account balances, transaction history and your account information
- Check the status of your direct deposit
- Make bill payments
- Access your bank account and routing number
- Deposit or cash checks
- Find an ATM
- Lock/Unlock your card
- Forgot your password
- Misplaced your card
Your security
- Your money is safe with us; we are a member of the FDIC. Plus, as an FDIC-insured digital bank without traditional branches or banker’s hours, you won’t have to worry about your ability to bank with us.
- Watch out for scammers. The Federal Trade Commission Consumer information division has current guidance.
- Walmart MoneyCard and Green Dot Corporation also have helpful tips about fraud.
Important FAQ's
Below are important FAQ’s that will be useful regarding the advance Child Tax Credit & Government stimulus payment.
For more info, please visit IRS.gov.
-
The IRS will pay half the total credit amount in advance monthly payments beginning July 15. You will claim the other half when you file your 2021 income tax return. These changes apply to tax year 2021 only.
-
To qualify for advance Child Tax Credit payments, you — and your spouse, if you filed a joint return — must have:
- Filed a 2019 or 2020 tax return and claimed the Child Tax Credit on the return; or
- Given the IRS your information in 2020 to receive the Economic Impact Payment using the Non-Filers: Enter Payment Info Here ; and
- A main home in the United States for more than half the year (the 50 states and the District of Columbia) or file a joint return with a spouse who has a main home in the United States for more than half the year; and
- A qualifying child who is under age 18 at the end of 2021 and who has a valid Social Security number; and
- Made less than certain income limits.
The IRS will use information you provided earlier to determine if you qualify and automatically enroll you for advance payments. You do not need to take any additional action to get advance payments.
-
If you aren’t required to file a tax return and haven’t given the IRS your information already, you will need to provide the IRS some basic information here so they can determine your eligibility.
-
Customers with their account information on file with the IRS from their 2020 tax filing will automatically receive a third stimulus payment to the same account if they are eligible.
If you haven’t filed your 2020 taxes yet, the IRS will use the last direct deposit information that they have on file. Please visit IRS.gov for more information on eligibility.
-
For eligible stimulus recipients, we’ll work to get you fast access to your funds. We will post the funds as soon as we receive the instructions from the IRS. Please visit IRS.gov for more information about your payment status.
-
Keep checking the IRS Get My Payment portal to find out the status of your stimulus payment . Please note that Green Dot does not have any information regarding your stimulus payment status or eligibility. The IRS will update with new information as necessary.
-
Yes, if you meet the eligibility requirement. While you won’t receive an automatic payment now, you can still claim the equivalent Recovery Rebate Credit when you file your 2020 federal income tax return.
Most Social Security retirement and disability beneficiaries, railroad retirees and those receiving veterans’ benefits do not need take any action to receive a payment. Earlier this year, the IRS worked directly with the relevant federal agencies to obtain the information needed to send out the new payments the same way benefits for this group are normally paid. For eligible people in this group who didn’t receive a payment for any reason, they can file a 2020 tax return. Please visit IRS.gov for more information on eligibility.
-
If the IRS attempts to make a deposit to a closed account, the deposit will be rejected and returned to the IRS.Please visit IRS.gov for more information about your payment status.
-
You can find more info here about our ASAP Direct Deposit™program. Also click on the "Direct Deposit" tab here for some helpful FAQ’s regarding direct deposit.
Timing for early direct deposit depends on deposit verification and when receive notice from your benefits provider and may vary from pay period to pay period. Government stimulus payments and Unemployment benefits are not eligible for early direct deposit.
-
Please check IRS.gov for information about your eligibility.
-
Please visit here for details. Green Dot has no information regarding the amount of your payment.
-
You can order a new card by logging into your account at Walmartmoneycard.com and going to Account Management, My card, Report lost/stolen.
-
No. The stimulus checks will not be taxable income.
-
This depends. If you are an independent on your most recently filed tax returns, you would be eligible for a stimulus check. If someone claimed you as a dependent on their tax returns, you would not be eligible.
-
Your AGI (Adjusted Gross Income) can be found for 2019 on:
- - Line 8b of Form 1040
- - Line 8b of From 1040-SR
Or if you have not filed 2019 taxes yet your 2018 AGI can be found on:
- - Line 7 of Form 1040
- - Line 35 of Form 1040NR
This notice contains hyperlinks to cdc.gov, consumer.ftc.gov, freefillableforms.com, irs.gov, who.int/., careeronestop.org, nylag.org, nytimes.com and themuse.com. Walmart MoneyCard, Green Dot Bank, or Green Dot Corporation does not provide, and is not responsible for the products, services, or overall website content available on cdc.gov, consumer.ftc.gov, freefillableforms.com, irs.gov, who.int/., careeronestop.org, nylag.org, nytimes.com and themuse.com. The Green Dot Privacy Policy does not apply to cdc.gov, consumer.ftc.gov, freefillableforms.com, irs.gov, who.int/., careeronestop.org, nylag.org, nytimes.com and themuse.com. and you should consult the privacy disclosures on cdc.gov, consumer.ftc.gov, freefillableforms.com, irs.gov, who.int/., careeronestop.org, nylag.org, nytimes.com and themuse.com for further information.
The views and opinions expressed here may not represent the views and opinions of Green Dot Corporation or its affiliates. It is presented for general informational purposes only and does not constitute tax, legal or business advice.
* Fees may apply. See account agreement for terms and conditions.
The Walmart MoneyCard Mastercard Card is issued by Green Dot Bank, Member FDIC, pursuant to a license by Mastercard International Inc. The Walmart MoneyCard Visa Card is issued by Green Dot Bank, Member FDIC, pursuant to a license from Visa U.S.A., Inc. Green Dot Bank also operates under the following registered trade names: GO2bank, GOBank and Bonneville Bank. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage. Green Dot is a registered trademark of Green Dot Corporation.