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Prepaid MasterCard Canada

You may use your prepaid card to make purchases at over 21 million locations worldwide, get cash back at over 600,000 ATMs nationwide, make online purchases, buy airline tickets, make hotel or rental car reservations, pay for gasoline at the pump and more!

It is actually a pre-paid, reloadable card and completely separate from the checking or savings account, or credit or debit funding source account(s) that you use to load money to the card. Spending ability is limited to the amount of money that you separately load onto the card and store in the card account. When you purchase an item with your card, the purchase amount is withdrawn from your card spending balance, and never directly drawn from a funding source account that you use to load money onto the card.

 

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