Originally Posted by CashX

I just want to correct you on the following statement that you have made:



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.