In August 2018, I came across a new financial institution in Canada called STACK. As I am nearing the end of my year long travel, let me start off by saying the STACK Prepaid MasterCard has saved me hundreds of dollars in fees!

STACK is a FinTech (financial technology) startup based out of Toronto that offers a prepaid MasterCard with Peoples Trust Company, a CDIC-insured financial institution with more than $6.9 billion in assets under management. In an industry dominated by the Big 5 banks (RBC, TD, Scotiabank, BMO, CIBC), it is nice to see competition with such an innovative product! 

For Travel

This is where the card really shines! STACK has no foreign exchange fees and ATM withdrawal fee! Let’s dive in to what that really means for you:

No Foreign Exchange Fees

For those who don’t know, most credit/debit cards slap on a 2.5–3.5% foreign exchange fee per transaction. There are options to avoid this fee when you use a no foreign transaction fee credit card. But to my knowledge, there are no debit or prepaid cards in Canada that waive this fee–until now. The exchange rate that STACK uses is the same as the MasterCard rate, which itself is very close to the mid-market rate.

No ATM Withdrawal Fees

Cash is King! No matter where you go, cash is always needed. Especially in the way that I travel (budget backpacking), purchases such as street food, bus/metro rides will most likely be paid in cash. 

On top of foreign exchange fees, banks will add an ATM fee between $5-10 if you withdraw from a Canadian bank’s debit card. STACK doesn’t charge for ATM withdrawals no matter where you are. For Canadians, there is no cheaper way to get cash in a foreign country (as of Feb 2020). 

Analysis - Breakdown of Savings

Here is what you will be saving by using STACK. Let’s say you need to withdraw cash equivalent to $300 CAD every two weeks for a 6 months trip:

  1. $60 ($5 x 12 withdrawals) in your bank’s ATM fees
  2. $90 (2.5% x $300 x 12 withdrawals) in foreign exchange fees

In total, you will save $150 in the span of 6 months! Think about how many pad thai or banh mi you can have in Southeast Asia!

Other Benefits


No Monthly or Annual Account Fees

Unlike other banks’ prepaid or non-prepaid credit cards, STACK charges no monthly or annual fees. There is also no minimum balance requirement.





Instant Notifications

With the STACK app, your phone will receive push notification anytime a transaction happens anywhere in the world. This is a great way to track your spending and know if your card has been compromised.
Stack Prepaid Mastercard Activity

Free Budgeting Tool In-App

Stack Prepaid Mastercard Financial IQ
STACK has a budgeting tool in their app called Financial IQ which categorizes your weekly and monthly spending habits. You can use this to have a clear snapshot of how your money is being spent. 
The STACK app makes it easy to set a savings goal. It can automatically round up your purchases to the next $1, $2, $5, or $10 and save the difference. This is a great tool for those who find it hard to save money. 


When you are not travelling, STACK offers members many rewards for purchasing items on their card. From everyday items such as groceries and coffee at Tim Horton’s, to more specific items such as trips with Contiki or jewelry from Swarovski.

All you have to do is activate the offer on the app, and purchase it on the card! The reward should pop up immediately!

To see more offers and rewards, check out here!


MasterCard Benefits

Since this product is a MasterCard, it is accepted anywhere MasterCard credit card is accepted (which is everywhere that accepts credit cards). Cardholders would also have zero liability coverage, which protects you from unauthorized purchases.

Stack Prepaid Mastercard Offers Rewards


For myself, I use this card as in combination with my no foreign exchange fee credit card. I charge any credit card transactions on this card as I get travel rewards points and withdraw foreign cash with my STACK card. 

If you sign up to STACK with my referral link, you’ll get $20 when you activate your card. Since STACK is app based, you must click this link via your mobile device for it to work.

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