Wal-Mart Stores, Inc. : Americans Can Save More Money at Walmart This Tax Season

Retailer offers $3 flat fee check-cashingfree federal 1040 EZ filing in more than 3,000 stores

BENTONVILLE, Ark., Jan. 9, 2012 - Walmart is determined to save Americans money this tax season,is doing so through its $3$6 check cashing1. The retailer has also worked with its partners to lower costs for their tax preparation services including free in-store federal Form 1040EZ filing.

Last year more than 60 million Americans didn't have access to traditional banking services - such as credit cardschecking accounts2 - adding up to billions of dollars in fees paid by Americans who need it the most.

"We believe Americans shouldn't have to pay exorbitant prices on their everyday financial needs," said Daniel Eckert, vice president of Walmart Financial Services. "It's their moneywe want to make sure they can cash checks, pay billstransfer money at a low price."

Over the next two weeks these underserved Americans will file their taxesstart cashing approximately $31 billion in tax refund checks3. Sadly, so many providers stand to capitalize on these individuals by charging between onethree percent of the total refund to cash the check. The average tax refund is $2,902 which means Americans could spend up to $90 just to receive their tax refund4.

"Customers need to make every dollar count in this tough economy,that's why we're committed to helping customers pay less for their financial services during tax seasonthroughout the year," said Eckert. "With more than 3,000 tax preparation kiosks in Walmart stores across the U.S.low flat-fee check cashing services, our customers can conveniently make their refund dollars stretch farther by simply taking care of their tax needs at Walmart."

Leading up to the biggest tax filing week of the year, January 16 - 22, Walmart has worked with Jackson HewittH&R Block to double its in-store tax kioskslower the cost for tax preparation services. Jackson Hewitt will offer free federal Form 1040EZ filing5 at its Walmart kiosks throughout the tax seasonH&R Block will offer a free federal Form 1040EZ until February 29. H&R Block will have 250 kiosks in Walmart stores, while Jackson Hewitt is adding approximately 800 kiosks bringing their Walmart footprint to 2,800.

In addition to Walmart's tax offerings, the retailer offers the following convenient productsservices to its customers throughout the year:

• Walk-in bill paying services for utilities, mobile phones, rentmore starting at 88 cents. Customers can receive a paper receipt on the spotchoose between same-day, next-day, three-day or money orders as bill payment options.
  
• The Walmart MoneyCard is a re-loadable prepaid debit card that provides many of the advantages of a checking account without the overdraft fees. MoneyCard customers can deposit their paychecks on the card, check their balances, pay bills, shop onlineshop everywhere Visa or MasterCard debit is accepted.
• Money transfers6 across the countryaround the world in as little as 10 minutes, with fees starting at $4.95.

For more information on Walmart's Financial Services please visit:

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1 Walmart cashes most types of pre-printed checks, as well as payroll cardseligible government benefit cards. Walmart cashes tax refund checkscards up to $1,000 for $3tax refund checks up to $7,500 for $6, offering significant savings over many other check cashers. Walmart cashes checks in 47 states, excluding New York, New Jersey. Walmart is also currently testing other check cashing services in Rhode Island.
2 FDIC's "National Survey of UnbankedUnderbanked Households" (Dec 2009)
3 Walmart Customer Insights
4 $2902 average refund IRS Data Book 2010, excludes S corps
5 The free federal Form 1040EZ offer includes up to two W-2'sis generally used by single or married taxpayers who claim no dependentswho do not itemize deductions. Additional fees apply for state, localmore complex federal tax returns, financial productsother services.
6Transfers are handled through MoneyGram®

About Walmart
Wal-Mart Stores, Inc. (NYSE: WMT) serves customersmembers more than 200 million times per week at over 9,700 retail units under 69 different banners in 28 countries. With fiscal year 2011 sales of $419 billion, Walmart employs 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropyemployment opportunity. Additional information about Walmart can be found by visiting .