 Hello everyone, this is Amit Dan and on this channel you'll find financial travel and more videos. If you like what you see, please do the thumbs up and consider subscribing. Thank you. Hello everyone, this is financial author Amit Dan of amitdan.com. Today I'll talk about a prepaid mastercard that does not charge any foreign transaction fee or foreign ATM fee. And this is not a paid or affiliated review. All my reviews are non-affiliated and they're not paid for by any credit card companies or any financial institutions. So the opinions and reviews you're getting are totally unbiased and honest. So today I'll talk about a prepaid mastercard that does not charge you when you redeem money or withdraw money at foreign ATM machines outside Canada. And also it does not charge you any foreign transaction fees or foreign currency fees if you purchase anything either outside Canada or in Canada in US dollars. Now in the past I talked about the mogu prepaid visa card which is also a debit card and that card actually does not have any foreign transaction fee. But it still charges a $3 foreign ATM withdrawal fees. But the new card I'm talking about today is called stack and this card does not have any kind of foreign ATM or foreign transaction charges. So for the rest of the video I'll take you to my laptop screen and then from there I'll show you some information about this card and the company. And also I asked them a few questions which I didn't know and I'll go through those with you. And because you'll get a lot of information from the questions I asked them and which they answered right away. So let's go to my laptop screen. Thank you. This is the stack website's main page so the URL is www.getstack.ca which is G-E-T-S-T-S-C-K.ca And when you go to the main page then you're going to see this stack prepaid master card. So they haven't still launched anything yet but there's a waiting list so if you enter your name and then you have a chance to win $5,000 and you can join the waiting list just by clicking here. And then I don't see any other information on here so let's go to the about page. And on this page you'll see some information about the stack prepaid master card. So it tells you that it replaces your wallet with real-time notifications, effortless savings, tap to pay functionality and relevant rewards. Now if you look at the fee structure, new or replacement card which is free, account activation free, monthly account fee free, contact list payment purchase free, stack to stack transfer free, payroll deposit free, chat based customer service free, ATM withdrawal free, account cancellation free. So it looks like everything is free, there's no cost to it so you have to just enter, put in money into your account and then you'll be able to use the stack prepaid master card for the amount you're putting in. So it's just like having your own bank account and you're using your bank card so the difference is this is a prepaid master card and you can use it anywhere, master card is accepted so even in foreign countries or foreign locations. Now I'm going to take you to the page where I had a few questions about these fees and I asked a stack and they replied me back and they actually did a good job reply me back because when I called them they replied me back right away. So that's what I'm going to show you on my next page. So when I was browsing on their on a stack website I couldn't get answered for lots of things and that's why I send them an email and they replied me back within I would say four or five hours which is very impressive. So let's go through those questions I asked them. So the first question I asked them is does it charge a foreign transaction fee if I use this card outside Canada or in other country? And here's the answer. I'm pleased to say that stack will not be charging a foreign transaction fee. The card holder will only be subjected to the foreign exchange rate at the time of the purchase. So which is a very good thing. Most Canadian banks do not offer a zero foreign currency transaction fee except Scotia Bank which is the Scotia passport visa infinite and I have a review on that too which you can check by going to my channel or I'll provide a link in the description box below and the other prepaid card which is mogul visa prepaid card does not have any foreign transaction fee. Then we have the new stack prepaid master card which is offering zero foreign transaction fee. So which is a very good thing. Now let's go to the second question I asked them is there a foreign ATM withdrawal fee? Is there any limit on how many foreign withdrawals can be made daily or monthly? So what it means that I asked them if I use this card in a foreign country to take out money from an ATM machine is there's going to be an ATM charges because if you do the same thing using your bank card or credit card there's an ATM withdrawal fee because you're taking out money in a foreign country and even it could be within Canada they're going to charge you ATM withdrawal fee if it's not your own bank. So here look at the answer. Stack will not be charging any ATM fees. However card holders are subjected to the fees levied by the ATM company they use. There is a daily maximum of 1000 Canadian for ATM withdrawals and a monthly ATM withdrawal amount of 2000 dollars Canadian. So what they're saying that stack itself will not charge you any ATM fees but there might be charges imposed by the ATM you're using at that moment. Which is understandable. Let's say if you're taking a different bank card then what happens here that your bank is charging you an ATM fee and the ATM machine might charge you another ATM fee. So here your own card is not charging you any ATM fee. Now the other card or the ATM is not going to charge you or may charge you an ATM fee which you do not know. But this way at least you know that you're not paying on any ATM fee by your own charge, your own card which is the stack prepaid master card. So that's a very good news for travelers or who use this card to make foreign transactions or foreign ATM withdrawals. And the amount they're giving you to draw is actually very good amount. So it's 1000 daily or 2000 monthly and usually most of the travelers will be okay with this limit because you know it's very unlikely that you're going to need to cash withdraw higher than 2000 per month. Because whenever I go to travel and whenever I'm in a different country I usually do not use my ATM cards. All my expenses are done either via my credit cards or I take a currency in that country's local currency. So this is a very good amount. So let's look at the third question. Is there a limit on how much I can load or withdraw in Canada daily or monthly? And the answer is there's a daily maximum of 1000 Canadian for ATM withdrawals and a monthly ATM withdrawal amount is 2000 Canadian. So by reading this question number three, it looks like to me that this is actually the same for foreign country in Canada. So your limit to ATM withdrawal whether you're in Canada or you're in a foreign country is 1000 per day and 2000 per month. So which is fine. And let's go to the last question. What options do I have to load this card? For example, interact transfer, e-transfer from another credit card and what other options? And their answer is stack accounts can be loaded via Visa David card, interact transaction and direct deposit. So a stack wants you to use this as a bank account because they're giving you that option to do a payroll deposit directly into the stack prepaid master card. And then the other options you have is you can use your Visa David card or you can do interact e-transfer. But you're not going to be able to do transfer from other credit cards, which is understandable. So these are the options and everything I'm looking looks very good so far. And also actually this card has reward system. You will be rewarded to use your card, which usually is not provided by prepaid rate cards or David cards. So that's another pass point. And we're going to find out more about the rewards, how they work and what is the rate of the rewards. But by looking at everything so far, it looks very good. The most attractive features are zero foreign currency transaction fee and zero foreign ATM withdrawal fees. So if I have more updates on this, I'll let you know. Thank you for watching. If you like what you see, please give it a thumbs up and consider subscribing and there will be more videos coming up. And keep in mind that this is the only channel or my website is the only website where I do not work for any credit card companies or any financial institutions. You'll not find any affiliated links and I'll not give you any affiliated reviews where I'm going to be putting a link to click. And you can apply for a credit card because, you know, most other sites do that. But on my site, you're not going to find those links or anything. All opinions are unbiased and honest. And that's what you get here. So please subscribe and like and I'll see you shortly. Thank you.