Walmart's effort to get customers to build up their savings accounts
Kind of fucked up that the article doesn&#x27;t mention the fees associated with these cards until like 3&#x2F;4 of the way into the article.<p>These cards charge 5 bucks a month, plus like 3 dollars to deposit cash, 3 dollars to withdraw cash, in addition to the 5-10 dollars up front for the card itself.<p>Because of this, a person using this type of card can easily spend $100+ a year on fees.  Not exactly a great way to save money, and hardly better than overdrafts.<p>If at all possible, people in this sort of situation would be much better served by joining a credit union.  While there are some drawbacks in terms of hours and atm availability, many CU&#x27;s do not charge overdrafts and also have some form of atm reimbursement.  This, along with the ability to deposit checks by snapping a pic with your phone make them a viable, and preferable alternative.  Sadly, they are not as prominent, nor well advertised as the sort of cards peddled by Wal-mart, et. al.