I would go with the EQ card since it has no FX fee and will reimburse you the ATM fee if you withdraw from a Canadian ATM. I don’t carry around my debit card anymore because of it. Answer from AlternisBot on reddit.com
Mastercard
mastercard.ca › en-ca › personal › find-a-card › prepaid-cards › card.html
Best Prepaid Cards | Prepaid Mastercard
Enjoy the convenience of a Mastercard prepaid card. Prepaid cards offer an easier way to spend and manage your money. Apply now and get the best prepaid card suitable to your needs.
NerdWallet
nerdwallet.com › back to nerdwallet homepage › credit cards › best prepaid credit cards in canada for 2025
Best Prepaid Credit Cards in Canada for 2025 - NerdWallet Canada
NerdWallet Canada selected the best prepaid cards based on overall consumer value and their suitability for specific kinds of consumers. Factors in our evaluation methodology include: features specific to prepaid cards (such as minimum and maximum deposit, maximum reload amount in a 24-hour period, ATM access, insurance benefits, digital wallet compatibility, and more); fees (such as annual fees, foreign exchange or conversion fees, among others); reward value (considering any earn rates, reward structures, and other benefits); and the intro offer (assessing any welcome bonus, waived fees, referral programs, and other promotions for new customers.
Looking for a good prepaid credit card. Not sure what to choose. KOHO? EQ Bank? Something else?
I would go with the EQ card since it has no FX fee and will reimburse you the ATM fee if you withdraw from a Canadian ATM. I don’t carry around my debit card anymore because of it. More on reddit.com
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December 24, 2023Prepaid Debit Card
start with this https://www.cnet.com/personal-finance/credit-cards/best-prepaid-debit-cards-2025/ most have monthly fees More on reddit.com
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April 3, 2025Complete List of Prepaid Credit Cards in Canada
There’s something you need to check before getting any of the cards above. Some of these credit cards may use the issuing bank’s own FX rate which already includes a markup over the Mastercard/Visa FX rate. So technically they don’t charge a FX conversion fee, but you’re paying more through their rate. You can use this calculator to see whether the banks charge the MC/Visa rate or not. Their rates are basically the spot rate so it’s as good as it can get. https://www.visa.ca/en_CA/support/consumer/travel-support/exchange-rate-calculator.html https://www.mastercard.ca/en-ca/personal/get-support/convert-currency.html I remember looking into the CIBC card when it came out. Apparently I had to do the currency exchange through CIBC instead of being able to load cash in foreign currencies directly, and banks are known to have a worse rate than a lot of other places, so in the end you’re paying more. The now defunct Chase Amazon Visa card used to be the best because they had cash back, they didn’t have a FX fee, they use Visa’s FX rate, and no annual fee. It was a sad day to see it go. More on reddit.com
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February 15, 2023Reloadable Debit Cards for Weekly Budget Allowances?
cash More on reddit.com
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August 15, 2024Is a prepaid card better than a credit card or debit card?
A prepaid card is different from a credit card or debit card because you can only spend the money you have loaded onto the card. This means unlike a debit card (where you may be able to go overdrawn) or a credit card (where you are borrowing money before paying it back at a later date), you are only spending your own cash and cannot run into debt.
moneysupermarket.com
moneysupermarket.com › home
Best Prepaid Debit Cards - December 2025 | MoneySuperMarket
Where can you get a prepaid debit card?
You can often find prepaid debit cards at checkout lanes when you’re at the supermarket or at retailers like Walmart, typically next to gift cards. When you get a prepaid debit card in-store, you’ll often incur a card opening fee. As a cheaper alternative, opt to get a card online, which is often free.
cnbc.com
cnbc.com › cnbc select › banking › the best prepaid debit cards of january 2026
The best prepaid debit cards of January 2026
How do you add money to a prepaid debit card?
You can load money onto your prepaid debit card in a variety of ways, including:
- Direct deposit
- Cash at the register at participating retailers
- Transfer from checking or savings accounts
- Mobile check deposit
You can check your account balance online, via your card issuer's mobile app or over the phone.
cnbc.com
cnbc.com › cnbc select › banking › the best prepaid debit cards of january 2026
The best prepaid debit cards of January 2026
Videos
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What Are The Best Prepaid Cards For Consumers - YouTube
Canada Post
canadapost-prepaid.ca
Canada Post Prepaid Reloadable Visa Card
Reload your card with cash or debit at any Canada Post location, online with Interac e-Transfer®, or with Direct Deposit.
PayPal Prepaid
paypal-prepaid.com
PayPal Prepaid Mastercard | PayPal Prepaid
You can use the PayPal Prepaid Mastercard® to eat, drink and shop everywhere Debit Mastercard is accepted. ... Activate your Card Account here. ... How do you add money to your Card? Use the no-cost1 Direct Deposit service and you could have access to your funds up to 2 days faster2 than what ...
U.S. Treasury
fiscal.treasury.gov › directexpress
Direct Express
No need to keep a minimum balance on the card. Federal benefit payments, such as Social Security, Supplemental Security Income (SSI) and Veterans, are required to receive your payment electronically. You must either have the money deposited directly to a bank or credit union account or get your money each month on a DirectExpress® prepaid debit ...
MoneySuperMarket
moneysupermarket.com › home
Best Prepaid Debit Cards - December 2025 | MoneySuperMarket
2 weeks ago - Avoid carrying around lots of cash and side-step expensive foreign transaction charges by comparing the best dollar prepaid cards at MoneySuperMarket. Everyday Everyday prepaid cards do just what they say on the tin. All you need to do is load them up with money and then use them just like cash or a debit or credit card.
Visa
visa.ca › en_CA › pay-with-visa › cards › prepaid-cards.html
Prepaid Credit Cards | Visa
Visa Prepaid cards are easy to use and reloadable, which means you can add funds onto the card at any time!
CNBC
cnbc.com › cnbc select › banking › the best prepaid debit cards of january 2026
The best prepaid debit cards of January 2026
2 days ago - With the Serve American Express Prepaid Debit Account Free Reloads, you can add as much as $500 or as little as $20 any time without a fee. You can transfer funds from your bank account or at more than 45,000 retail locations where you can reload ...
Reddit
reddit.com › r/personalfinancecanada › looking for a good prepaid credit card. not sure what to choose. koho? eq bank? something else?
r/PersonalFinanceCanada on Reddit: Looking for a good prepaid credit card. Not sure what to choose. KOHO? EQ Bank? Something else?
December 24, 2023 -
I’ve recently been considering getting some sort of prepaid credit card that I can use (mostly for online purchases). I like the idea of a card that I can load with however much I need to spend on a purchase, without worrying about more money being stolen if any information is compromised.
I’ve had my credit card compromised before and hundreds taken from me (bank fixed it quick), so I’m more cautious now. But as we all know, online shopping is very easy and accessible these days, so I’m wondering about prepaid credit card choices to make online purchases with.
I was looking at KOHO and EQ Bank, but can’t really tell what the best company to go with would be. For clarification, I’m not interested in opening another bank account, I don’t want a new chequing or savings (my current bank is RBC), I am only looking for a prepaid credit card.
What are my best options? In terms of company, their customer service, and hidden fees (like inactivity fee)?
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If you search for Koho in this subreddit you'll see many complaints. So if for some reason you choose Koho and don't like it, please don't post about it here. This subreddit doesn't need yet another person complaining about Koho.
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I would go with the EQ card since it has no FX fee and will reimburse you the ATM fee if you withdraw from a Canadian ATM. I don’t carry around my debit card anymore because of it.
Spring Financial
springfinancial.ca › home › the best prepaid credit cards in canada 2025
The Best Prepaid Credit Cards in Canada 2025 - Spring Financial
July 7, 2025 - The BMO Prepaid Mastercard is a little different from the other Mastercard prepaid cards we have discussed. That said, it is essentially a reloadable card that comes with all the same benefits as a traditional Mastercard.
Facebook
facebook.com › groups › 2272918116051640 › posts › 9921447134531995
Best prepaid debit card for youngsters? Are they any good ...
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Vanilla Gift
myvanillacard.com
MyVanilla Reloadable Prepaid Card
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Walmart MoneyCard
walmartmoneycard.com
Reloadable Debit Card Account that Earns You Cash Back | Walmart MoneyCard
Earn up to $75 cash back every year on your Walmart purchases. Learn about the Walmart MoneyCard reloadable debit card account, click here!
Insurdinary
insurdinary.ca › best-prepaid-cards-in-canada
The Best Prepaid Cards in Canada - Insurdinary
July 14, 2021 - They allow you to reload your card through your Scotiabank account through Scotia OnLine or mobile banking. You can use the card wherever you see the Visa sign when shopping in-store or online. There are a lot of choices available in prepaid cards in Canada, with every card coming with its pros and cons. What is the best prepaid card in Canada?
Canada Post
canadapost-postescanada.ca › cpc › en › personal › prepaid-cards.page
Prepaid cards and services | Personal | Canada Post
Mobile recharge cards · Reloadable money services and secure payment cards for online shopping · View prepaid services · From digital content to a night on the town, find a gift card for every occasion. Explore gift cards · Read our blog - Understanding your credit score ·
BMO
bmo.com › credit cards › personal › bmo prepaid mastercard
Prepaid Mastercard - Reloadable Credit Card - BMO Canada
Get one of our prepaid credit cards. Load it with your own money, use it anywhere Mastercard is accepted, and pay no interest.
Loans Canada
loanscanada.ca › credit › best-prepaid-credit-cards-canada
Best Prepaid Credit Card In Canada 2025
July 15, 2025 - Find the best prepaid credit card in Canada for you. Learn about its fees, minimum balance and other features.
CreditCardGenius
creditcardgenius.ca › best-credit-cards › prepaid
Best Prepaid Credit Card in Canada for 2025
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Walmart
walmart.com › cp › reloadable-debit-cards › 2362100
Reloadable Debit Cards - Walmart.com
Get 3% cash back at Walmart up to $50 a year¹. Terms apply · Earn cash back rewards on everyday shopping & fuel at Walmart
Netspend
netspend.com › prepaid-card
Reloadable Visa prepaid debit cards, Mastercard pay go cards
The original Netspend reloadable prepaid Visa debit card with 130,000 reload locations. Choose Pay As You Go or low monthly fee with deposit.