This is exactly why I leave very little money on any card that has electronic access to my reserves, and that's on my bank card. I can't imagine being at the mercy of cards controlled by retailers not under the jurisdiction of the FDIC and bank regulators (yeah I know, don't laugh to hard, but at least there are regulations, even though they get shredded regularly). I can imagine this is a particular kind of hell (no, not this hell) for users. KTHV writes:
On Saturday, Robert Turner says he transferred hundreds of dollars from his bank account to his Walmart Prepaid Moneycard. "It's convenient. I can run in at the checkout, or when I'm doing a little grocery shopping. I want to put this on my card as well. They swipe it. It's rapid reload”, Turner said about the card. Only, for the last three days his money card has been anything but convenient. Sunday, Turner explained he got a notification that there would be a system update overnight. Since then, he hasn't been able to access his account information or his moneyOh those pesky software updates. Well, I've never been a fan of Walmart's cards anyway. Jeff Hess: Have Coffee Will Write.