NEW YORK — Walmart is launching a service allowing customers to pick up their tax refunds in cash at all stores nationwide.
It’s the discounter’s latest move to offer more financial services, which is seen as a path to bringing more shoppers to its stores.
The world’s largest retailer, based in Bentonville, Ark., says the process will take the same time as if customers were to file their returns electronically and get direct deposit, which could take just a week, says Daniel Eckert, senior vice president of services for Walmart’s U.S. division.
The service could help people without bank accounts get their refunds more quickly and avoid high check-cashing fees. Walmart also says it could prove convenient for others. Walmart already offers tax-preparation services at its stores.
