BENTONVILLE, Ark.—Walmart, working with Ria Money Transfer and American Express, has announced enhancements to its Walmart2Walmart money transfer service, lowering fees on transfers and unveiling plans to launch a mobile service this month called Bluebird2Walmart Money Transfer Service.
The service will let users of Walmart’s Bluebird alternative checking and debit products send money for cash pick-up at Walmart store locations, Retail Dive reported.
The big-box retailer said it already offers some of the lowest money transfer fees available, but it now has cut costs to a point where customers will be able to save 20% to 90% on cash transfers versus what they will pay for using competing services.
When the Bluebird2Walmart service launches, Walmart2Walmart account holders will be able to visit Bluebird.com or use the Bluebird smartphone app to send money. Parties receiving money don't need a Bluebird account, but can pick up their funds at any Walmart store within minutes of the online transfer, Retail Dive noted.