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Pros. Cons. Can get a free debit card even if you don’t have good credit. Many prepaid cards come with fees such as activation fees, transaction fees, reload fees, withdrawal fees.
KOHO was founded in 2014 in Vancouver. [2] [3] In 2015, the project was launched, offering its services through their mobile app in beta. [4]The service's launch was announced for 2016 but was pushed back to 2017. [5]
In January 2023, EQ Bank announced the launch of the EQ Bank Card, a prepaid reloadable Mastercard. The card features no foreign exchange fee, and free ATM withdrawals within Canada; fees are refunded within 10 business days. At launch, the EQ Bank Card offered a 0.5% cashback rate, with the card balance earning interest at the same rate as the ...
Fees and Details. Card Purchase Fee. Free if bought online; up to $9.95 at retailers. Monthly Fee. Between $5 and $9.95 per month or $1.50 per transaction, depending on the plan
Temporary cards are not re-loadable. However, if the customer opts in to receive a personalized card, which is free of cost, in 7 to 10 business days it will arrive in mail with his or her name on it. Personalized cards are re-loadable in a variety of ways.
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