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4.3/5
Our editorial rating rationale
- $0/month, no direct deposit or minimum balance required
- 2% interest on every dollar, no qualifiers and no limit
🏆 2026 Award Winner
Best for: Beginners who want a no-fee account with no deposit requirements
No Annual Fee
A prepaid Mastercard with $0/month and no direct deposit or minimum balance requirement. Earns 2% interest on every dollar and 1% cash back on groceries, transit, and food & drink, with free credit score monitoring.
Exclusive offerKOHO X Maple Wallet$40 sign up bonus for Maple Wallet users, courtesy of our friends at KOHO.
2026 Award Winner
This product won Best Card/Account for Building Credit & No Credit Check for Young Canadians in the Maple Wallet 2026 Best Of Awards.
See all 2026 award winners →Annual Fee
$0
APR
0%
Cash Back
1%
Welcome Bonus
Exclusive $40 for Maple Wallet users
Reward Rates by Category
Groceries
1%
Dining
1%
Gas
1%
Key Features
$0/month, no direct deposit or minimum balance required
2% interest on every dollar, no qualifiers and no limit
1% cash back on groceries, transit, and food & drink
Free credit score monitoring with no impact
Unlimited free Interac e-Transfers and low-fee International Money Transfers
Instant virtual card
Access to KOHO Cover: interest-free cash advances up to $500 with guaranteed approval and no credit check, available through the Cover bundle (from $2/month), which also includes a free credit report, financial coaching, and priority support