What will it cost to use my MogoCard?

Last Updated: Jan 22, 2019 10:18AM PST

Your MogoCard is pretty much free and costs you very little to use.
  • Your first card is free
  • No annual fee
  • No monthly fee (as long as you use your card once every 365 days)
  • No transaction or point-of-sale fees
  • No interest
  • Free mobile banking
The only Mogo fees that you might encounter are:
  • Domestic ATM withdrawal - $1.50
  • International ATM withdrawal - $3.00
  • Foreign Exchange Fee[1]
  • Monthly Inactivity Fee - $1.99  (only if you haven't used your card in 365 days)
  • Designer Card Purchase - Depends on design
  • Card Replacement Fee - Depends on design
  • Dishonoured Payment Fee - $25.00
1 - Effective January 5, 2019, Mogo will charge a 2.5% foreign exchange transaction fee when you use your Mogo Visa* Platinum Prepaid Card for transactions in a currency other than Canadian dollars.  Currently, Mogo does not charge any foreign exchange transaction fees when you use your MogoCard for transactions in a currency other than Canadian dollars. If you use your MogoCard with Cashback feature for a transaction that is submitted to the Visa networks in a currency other than Canadian dollars, Visa will convert the transaction amount into Canadian dollars using its currency conversion procedure. If a transaction that is initially in a foreign currency is converted before it is entered into the Visa network, the conversion rates and fees of the company or companies that did the conversion(s) will apply. It is possible that multiple currency conversions will be completed before your transaction instruction is received and processed. The transaction amount received in Canadian dollars and charged to your MogoCard with Cashback feature may include fees charged by others involved in processing the transaction.

Mogo Visa* Platinum Prepaid Card is issued by Peoples Trust Company pursuant to licence by Visa Int.

*Trademark of Visa International Service Association and used under licence by Peoples Trust Company

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