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!
Use your own money with the 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.
You have a chequing account, but do you have a spending account?
The old way
The Mogo way
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.
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
Vader Card purchase
Designer Card purchase
$9.99 - $100
depends on card
Foreign currency conversion
Add money at Canada Post
Cash or debit
charged by Canada Post
Charged monthly, only after 365 days of non card use
till balance is $0
When your add money request is denied
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.