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Canada Post Prepaid Reloadable Visa Card

Best for: People who want a reloadable card they can buy and load at the post office

Cost to keep it for a year
$36
Plus $10 to buy the card
Monthly fee
$3.00
Fee to add cash
$3.00

Have this card?

Details from Peoples Trust Company’s site. Banks can update terms at any time, so give them a quick look before you apply. Source

From the numbers

The good and the bad

Watch for

  • Watch for: $36 a year
  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Before you apply

Can I get it?

  • Where you live Canada
  • Work permit holders Yes
  • Study permit holders Yes

Mr. Loonie’s tip Most prepaid cards don’t build credit. If that matters to you, check whether the card reports to the credit bureaus.

What cardholders say

Ratings from people with this card

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Fees and interest

What it costs

Monthly fee
$3
Card price
$10
Fee to add cash
$3
Foreign currency fee
2.5%
All fees and rates

Fees

Annual fee
$36

Prepaid fees and limits

Activation fee
None
ATM fee, own network
$2
ATM fee, other ATMs
$2
ATM fee, outside Canada
$2
Replacement card
$10
Smallest load
$25
Largest load
$2,000
Largest balance
$10,000
Currencies held
CAD
Funds expire
No

Read the card terms and conditions for the full terms.

Common questions

Questions people ask

What is the annual fee on the Canada Post Prepaid Reloadable Visa Card?

$36 a year.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

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