BMO Prepaid Mastercard®*
Here’s how it works
Load up your card
Transfer funds to your card through online banking or the BMO mobile app while having protection against unauthorized use.
Shop anywhere Mastercard is accepted
Use your card at over 30 million locations in the U.S., Canada and worldwide. Get cash at over a million ATMs.23
Enjoy extended warranty and purchase protection.37
Make purchases anywhere Mastercard is accepted while receiving protection against unauthorized use — making it safer than carrying cash.
Use your prepaid credit card at any of the 30 million locations Mastercard is accepted, and get cash at over a million ATMs.23
Save up to 20% on National Car Rental®†† and Alamo Rent A Car®†† and up to 5% on Enterprise Rent-A-Car®†† at locations worldwide using the Car Rental Booking tool.25
- Zero Liability safeguards you if there is any monetary loss resulting from fraudulent card use.
- Mastercard Identity Check™* adds another layer of security to protect you when you shop online.
- BMO Alerts help confirm your transactions are really yours. They keep an eye on things like large purchases and suspicious activity.
Ready to apply?
It’s simple – load it and go.
We’ll respond in under 60 seconds.
Digital features and security at your fingertips
Give your financial health a boost with online and mobile banking tools. Enjoy more control over your credit card and a better understanding about how you’re using it.
Safety and security
Can’t find your card? No worries, you can lock it, unlock it or report it lost or stolen at any time.
Financial insights
Stay on top of your spending with a personalized look at your money.
Credit score
Get free, 24/7 access to CreditView with no impact to your credit score.
Detailed transaction view
Get a detailed view of when and where you made your purchases on the BMO mobile app.
FAQs
A prepaid card works just like a standard credit card except you have to load funds on it before you can make a purchase. Once your card runs out of money, you’ll have to load more funds on it before you can use it again. And since you load the card with your own money, there’s no balance that you owe and have to pay back.
A prepaid card has the convenience and flexibility of a standard credit card, but without the stress of remembering to pay it off each month or paying interest. Your BMO Prepaid Mastercard also comes with security features, making it much safer to use than cash.
Do you have a BMO chequing or savings account? If you do, simply transfer funds to your BMO Prepaid Mastercard account through online or mobile banking. Your funds will be available shortly.
If you don’t have a BMO account, you can load any amount under $1,000 on your BMO Prepaid Mastercard directly from any bank account from most financial institutions, just as you would making a bill payment.
- Register your BMO Prepaid Mastercard as a bill payee.
- Load money via bill payment through online banking, ATM, phone banking or at a branch. However, you cannot load funds with cash, cheques or at merchants.
- Funds will be available in 2 to 5 business days.
If your card (or PIN) is lost or stolen, you must notify us by phone within 24 hours:
- 1-800-361-3661 (within Canada and the U.S.)
- 1-514-877-0330 (outside North America, call collect)
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