Sander Freedman paid $150 for a Vanilla Visa prepaid card at Shoppers Drug Mart in February 2017. While they look like gift cards, prepaid cards have significant differences. Maintenance fees: In December 2015, Frank Coppola bought six $100 Visa prepaid cards for his son, who wanted to buy a gas barbecue. Is it not against the law in Canada?” Financial institutions are allowed to charge maintenance fees, according to the FCAC. But they can’t start adding maintenance fees for at least one year after a prepaid card is activated.

Source: thestar April 16, 2019 09:56 UTC