The Mogo Spending Account

This will change the way you spend.

Get in control of where your money goes with a Mogo spending account. Now in beta!

It won’t impact your credit score!

Tell me more

Use your own money with the MogoCard.

picture of MogoCard
wallet which has MogoCard

Your Mogo Spending Account comes with a MogoCard. Like a debit card, you're using your own money so that you're only spending what you have. This makes it harder to overspend and rack up debt like you would with credit cards.

Know what’s okay to spend.

With instant updates sent straight to your phone, it's easy to keep track of your transactions and available balance.

Beautiful designs

Want a card that's slicker than your average? Upgrade to a unique designer card.

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


International ATM


Designer Card purchase

$9.99 - $100

Card replacement

depends on card

Foreign currency conversion


Add money at Canada Post


Cash or debit

charged by Canada Post

Account inactivity


Charged monthly, only after 365 days of non card use

till balance is $0

Dishonour payment


When your add money request is denied

View 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.

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 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 utilization rate: the more you use your credit cards, the higher it 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. 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 start getting some finances with benefits like the MogoCard (now in beta), free ongoing monthly credit score monitoring, and more!

Sign Up