BMO Prepaid Mastercard^®*

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.

1. Register your BMO Prepaid Mastercard as a bill payee.
2. 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.
3. 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)