Jul 282010
 

My last and final post regarding my Money Mart Titanium Plus Mastercard.

I have been using my BMO Prepaid Travel Card for just over three months now and have had no difficulties.  It has been accepted everywhere I have needed to use it.  Loading it is as easy as transferring money from my regular BMO bank account.

The only snag I hit is I am unable to transfer money to the BMO Mastercard from my TD account.  Documentation from BMO says I should be able to deposit money to the Prepaid Travel Card from any Canadian bank the same way I would pay any other Mastercard.  However, TD does not support this.  The BMO  chequing account costs me $4.00 per month.  This is cheap compared to the fees and hassle that come with the Money Mart Titanium Plus card.

Since I began my search for a better prepaid card another option has been presented to me.  Easy Financial Services offers a prepaid card that they call the EPIC Mastercard.  The web site does not mention or list service charges though there is no credit check as is required with the BMO card.  It is worth checking out.

http://www.easyfinancialservices.ca/

My Money Mart Titanium Plus card has officially been canceled.  For me it was not worth the hassle.  For someone who may not pass the credit check required by BMO, this card may be a temporary option or last resort.