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Walmart unveils prize-linked savings program

12/15/2016


Walmart has added to its financial service offerings with a new savings program.



The program, called “Prize Savings,” is a prize-linked savings incentive program available to holders of Walmart MoneyCard, the chain’s branded reloadable pre-paid debit cards, the Associated Press reported.



According to Walmart, it’s the first national and retail prize-linked savings program.



Prize Savings, which launched quietly last August, is being done in partnership with Green Dot Corp., the issuing bank for Wal-Mart's prepaid cards.




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