Prepaid Debit Card Providers in Canada (aka Challenger Banks)

This is a list of currently active prepaid debit card providers in Canada. The conventional term for them is “Challenger Banks” but none of them have an operating banking license in the country.

Mobile app Banking on website Bank Cashback FX fee Monthly fee ($) Virtual cards Joint account Bill payments Apple Pay
Koho Y N N 0.50% Y 0 Can be created in app Y Y Y
Koho Premium Y N N 2% on certain categories N 9 Can be created in app Y Y Y
Stack Y N N Rewards program that varies across merchants N 0 Can be created in app N Y Y