[StBernard] Walmart Opens 1000th Walmart MoneyCenter, Announces 500 More for 2010

Westley Annis westley at da-parish.com
Tue Mar 16 20:59:53 EDT 2010


Walmart Opens 1000th Walmart MoneyCenter, Announces 500 More for 2010
Money services customers saved $450 million last year
BENTONVILLE, Ark., March 16 /PRNewswire-FirstCall/ -- Walmart (NYSE: WMT)
today celebrated the grand opening of its 1000th Walmart MoneyCenter and
announced plans to add Walmart MoneyCenters in 500 additional stores this
year. The 1000th Walmart MoneyCenter, located in Chalmette, La., gives
customers affordable solutions on basic money services, including the
Walmart MoneyCard.

"Walmart MoneyCenters are a cornerstone of our business and were specially
created to give customers a welcoming environment where they can save when
they cash checks, pay bills and transfer money," said Jane Thompson,
president, Walmart Financial Services. "Customers ask when their stores will
get a Walmart MoneyCenter, so we are delighted to announce the expansion
into approximately 500 more stores."

Walmart MoneyCenters are dedicated spaces inside the store that offer
customers an inviting, safe and convenient place to handle their basic
financial needs seven days a week. With the anticipated expansion into 500
more stores this year, there will be Walmart MoneyCenters in approximately
40 percent of Walmart's 3,763 stores nationwide.

Company estimates indicate that customers saved $450 million in fees last
year by using money services at Walmart.*

Walmart MoneyCenter Services

"Our customers love the convenience of one-stop shopping with money services
at Walmart prices," said Rosalind Brewer, executive vice president and
president, Walmart South. "Walmart MoneyCenters play a very important role
in helping families save money so they can live better."

Walmart is a leading provider of affordable money services that help
customers manage their money and keep their finances on track.

.Check Cashing - With Walmart check cashing, customers can conveniently cash
payroll or government checks, including tax-refund 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.
.Money Transfers - Customers can use MoneyGramR to send money to friends and
family around the world in minutes, for a great low fee.
.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.


1000th MoneyCenter Celebration

To mark the opening of the 1000th Walmart MoneyCenter, Walmart is hosting a
community celebration in Chalmette, La., and making a $10,000 donation to
the Community Center of St. Bernard.

The center provides an extensive range of services to St. Bernard Parish, an
area that suffered widespread devastation from Hurricane Katrina. The
center's offerings range from legal aid to food to after-school programs,
and include financial literacy classes to help families learn money
management and take control of their finances.

Scott Miller, Walmart regional general manager, said, "We are very happy to
support the Community Center in helping the families of St. Bernard Parish."

To extend the celebration of the opening of the 1000th Walmart MoneyCenter,
$1,000 donations are also being made to groups that promote financial
literacy in Atlanta, Birmingham, Ala., Charlotte, N.C., Dallas, Houston,
Orlando, Fla., Phoenix, Raleigh, N.C., and St. Louis.

About Walmart

Every week, millions of customers visit Walmart stores, Neighborhood
Markets, and Sam's Club locations across America, or log on to the 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 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.

*Savings figures are based on Walmart's internal research and projected
savings when Walmart's basic money services are compared to major national
competitors. Basic money services include: check cashing, bill pay, money
transfers, money orders and the Walmart MoneyCard.


SOURCE Walmart




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