WTVY  | Dothan, AL  | News, Weather, Sports

Wal-Mart to Launch New MoneyCenters

BENTONVILLE, Ark. (AP) - Wal-Mart announced Wednesday that it will open low-cost financial services centers at 1,000 of its stores.

The Arkansas-based company says its Wal-Mart MoneyCenters will offer financial products and services for millions of its customers who don't have bank accounts.

Wal-Mart says the centers will also serve customers who visit Wal-Mart for basic money service needs.

The Wal-Mart MoneyCenters will provide check cashing, money orders, bill payment and money transfers. Wal-Mart is also to start offering a MoneyCard, which will function like a debit card.

Wal-Mart, the world's largest retailer, says it will offer the financial services with prices 25 to 50 percent lower than other money service providers.

Wal-Mart says it already conducts more than two million money services transactions every week.

(Copyright 2007 by The Associated Press. All Rights Reserved.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WTVY-TV 285 N Foster Street Dothan, AL 36303 334-792-3195
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 8095067 - wtvy.com/a?a=8095067