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Personal Finance

Money Mart Titanium+ & BMO Prepaid Travel Card (Conclusion)

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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.

Money Mart Titanium+ & BMO Prepaid Travel Card (Update)

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Money Mart Titanium+ & BMO Prepaid Travel Card (Update)

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In a previous post I vented frustrations with Money Mart and their Titanium+ Prepaid Visa card.  This is an update.

On March 26 I received my BMO Prepaid Travel Mastercard.  Activation via their web site is fairly simple.

Documentation that comes with the card indicates that I may add money to this card online from either a BMO account or, if I am with a different bank, set it up as a bill payment.  My main bank is TD Canada Trust.  I quickly find out that TD Canada Trust will not let me pay money to a BMO Prepaid Travel Card.  TD Canada Trust is usually very helpful, but not this time.

Since TD Canada Trust is unable to help me load the card, I decided to open an account with BMO.  The process was fairly painless and the lady I met with was very helpful.

My Titanium+ Prepaid Visa from Money Mart continues to be a royal pain.  Most noticeably for Internet transactions that require an address.  Often these transactions are rejected even though the address is entered correctly.

I am in the process of migrating all credit card transactions over to my new BMO Prepaid Travel Mastercard.

Look for a conclusion post on this topic in a few weeks.