Commonwealth, an Annie E. Casey Foundation grantee, in partnership with Walmart and Green Dot, has launched “Prize Savings”, a Prize-Linked Savings (PLS) incentive program, available to Walmart MoneyCard holders. This program, launched to help financially-vulnerable Americans, incentivizes cardholders to save by entering them in a monthly sweepstakes that awards cash prizes when they elect to save money from their account using the MoneyCard Vault. Since launching Prize Savings in August 2016, use of the MoneyCard Vault has increased by more than 130%. Read more about this program here.
