Walgreens and Mastercard are continuing their partnership with a new bank account and debit card. The new account, known as Scarlet, is a combination Bank account and debit card issued through MetaBank and exclusively available at Walgreens – at over 9,000 Walgreens stores nationwide, online, and via the Walgreens mobile app.
Walgreens Launches Scarlet Bank and Debit Card Account with MetaBank
The Scarlet account links with a user’s existing myWalgreens Rewards account and earns cash back rewards on eligible purchases. Accountholders earn up to 5% back in Walgreens cash rewards on eligible purchases at Walgreens and Duane Reade stores, Walgreens.com, and the Walgreens mobile app, and 1% back on all other purchases.
The Scarlet Debit Card also offers tools designed to assist account holders in building healthy financial habits, including free two-day direct deposits, free reloads at Walgreens and Diane Reade locations, 55,000+ fee-free ATMs, and custom goal-setting features to help forecast and manage personal spending. Users also enjoy mobile wallet connectivity, have mobile check capture capabilities through Ingo Money, and can send money for free to other Scarlet account holders.
The new Scarlet Card follows on the heels of the successful launch of the myWalgreens™ Mastercard® last month. That card, issued through Synchrony, offers up to 10% Walgreens cash rewards on eligible purchases, with no annual fee.
“Pleased to Expand Our Financial Services Offerings”
“With a focus on our customers’ health and wellbeing, Walgreens is pleased to expand our financial services offerings with Scarlet and further expand the broad spectrum of financial solutions that are accessible to the customers, patients, and communities we serve,” said Maria Smith, Vice President of payments and financial services at Walgreens, in a press release. “Scarlet is just the latest expansion in the Walgreens financial services portfolio, which also includes the Walgreens mobile wallet, remittance services, ATM, third party banking services, and the recently launched myWalgreens Credit Card. We look forward to deepening engagement with our customers as we continue to support their personal and financial wellbeing.”
“The launch of Scarlet speaks to a continued desire and demand from consumers for seamless and accessible financial experiences,” added Kush Saxena, executive VP, U.S. merchants and acceptance at Mastercard. “We are pleased to deliver our technology and healthcare expertise to deepen Walgreens’ commitment to providing more relevant and personalized solutions for cardholders at Walgreens and beyond.”
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