I just want to correct you on the following statement that you have made:
Quote:
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Yes, their card (assuming it's from the US bank) appears to be insured while the others aren't as far as we can tell. Paxum uses a Canadian bank for the wallet so that's insured as well... But I don't have a clue what banks CashX uses for the wallet so have no idea... They made some vague comment about it depending on where you lived when I asked.
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As I have mentioned, CashX uses BMO as well in Canada for our CAD eWallet funds, but we use our bank in the United States for our USD eWallet funds. This way all USD funds in our eWallet are insured with our deposit holding bank.
BMO USD dollar accounts
ARE NOT insured here in Canada! only CAD funds are (CDIC) insured, which is the equivalent to FDIC in the USA. So if something happens to those funds in route to Canada,
THEY are not insured by any institution. The FDIC is the only institution that insures the US dollar!
Within a weeks time, CashX members will be able to load their CashX eWallet funds on to their credit cards as well as their prepaid cards. We are in the process of completing this integration in our system.