The Mogo Spending Account

The cure for overspending.

Open your free MogoAccount to get on the list for a Spending Account invite, available on the iOS app!

You’re not the only one who needs this.

picture of MogoCard
wallet which has MogoCard

The problem with overspending isn’t just buying stuff you don’t need—it can also lead to overdraft, NSF fees, and even bad credit. And even if you’ve got a good handle on your expenses, it probably still takes some effort. Either way, the Mogo Spending Account can help make your life easier.

In December 2016, Canadians owed $569 billion in consumer credit like credit cards and lines of credit—and that’s not counting mortgages.

Stay on top of your $$$.

With instant updates sent straight to your phone, it's easy to keep track of your transactions and how much of your spending budget you have left.

Free with no minimum balance.

Typical bank debit cards charge you about $15 per month for unlimited transactions or require that you have a minimum balance. The MogoCard is free with unlimited transactions and no monthly or annual fee.

Add money instantly online

Monthly fee

Purchase transactions

Vader Card purchase

Domestic ATM

$1.50

International ATM

$3.00

Designer Card purchase

Depends on card design

Card replacement

Depends on card design

Foreign currency conversion

2.49%

Add money at Canada Post

$3.00

Cash or debit

charged by Canada Post

Account inactivity

$1.99

Only charged after a year of non-card use. Transaction activities keep the spending account free!

till balance is $0

NSF fee

$25

If your Add Money request is denied by your bank

See details on transaction limitsView full cardholder agreement

Plays nice with bank accounts.

To make your life easier, there’s no need to switch bank accounts. Simply link your bank account and you'll be able to transfer your spending money directly into your Mogo spending account, right from the app.

Beautiful designs

Want a Platinum Prepaid Visa Card that's slicker than your average? Upgrade to a unique designer card. Vader card available now! Other designs coming soon…

How to spend your way to financial health

More rewarding than reward programs

Credit card reward programs work by luring you to overspend. Usually, you get about $10 in rewards for every $1,000 you spend—not that rewarding. By controlling your spending with the MogoCard, you could easily save way more than the “rewards” you’re getting with your credit card.

Improve your credit score

One of the things that hurts your credit score is your credit card utilization rate: the more you use your credit cards, the higher your utilization gets. By spending with your MogoCard, you can lower your utilization rate and help improve your credit score. And because we give you your credit score for free (with monthly updates), you can track your progress with us!

Keep your money secure

Unlike with your bank debit card, an unscrupulous fraudster can’t access your bank account information if they somehow got their hands on your MogoCard. If your card is reported lost or stolen, you’re also covered by Visa Zero Liability in case of fraudulent transactions.

iPhone 6 displaying the Mogo AppMogoCard

Trade three minutes for a whole lot of awesome.

Open your free MogoAccount to get on the list for an invite! Get finances with benefits like the MogoCard, free ongoing monthly credit score monitoring, and more!

Sign Up