The Mogo Blog

How to avoid bank fees

Over the past few weeks, employees from all five of Canada’s big banks [http://www.cbc.ca/news/business/banks-upselling-go-public-1.4023575] have broken their silence on pressures to meet sales targets at the expense of customer experience. In nearly 1,000 emails, and anonymous interviews, employees from RBC, BMO, CIBC, TD and Scotiabank have come forward with their stories of feeling pressured to upsell, trick and lie to customers to meet unrealistic sales targets and ultimately keep their jobs

Mogo for Android is here!

Drumroll please…..The MogoApp for Android is here!We’re super excited about it. And, we know you’ve been waiting patiently for it, so we can’t wait for you to check it out. We’re on a mission to build the best digital banking experience in Canada, and to make sure you have access to our products from anywhere, on any device. So, now you can download the free MogoApp in the Google play store, as well as the Apple store - and get your MogoAccount totally set up in just 3 minutes. The MogoApp for

First comes denial...

Credit cards have this sneaky way of keeping us in debt, and even encouraging overspending. In fact, people spend 12-18% more when using credit cards*. They’re what’s considered “revolving debt” - meaning you can continue to spend what you pay down. If you’re like 46% of Canadians who carry a credit card balance every month*, you’ve probably experienced what we like to call... The 5 stages of credit card debt. GiphyStage 1: Denial Your bank upped your limit...you’re feeling super rich. You c

Why you need a Spending Account

You have a chequing account, and probably a savings account...But what about a spending account?![](/content/images/2017/03/Mogo_spending-account-image-1.gif) Think about it this way: Say you have all of your pay cheque going into your chequing account, and all your bills, savings and fixed costs are coming out of that account. And you’re using your debit card that’s linked to that account for your day-to-day spending. That’s a recipe for blowin’ your budget. So, we created a way for you to move

First time home buyer benefits

So, you’re buying your first home. Super exciting stuff. As a first time home buyer, there are a lot of exciting steps you’ll be taking – and we’ll be here to help you along the way through the entire experience. ![](/content/images/2017/03/Mogo_First-time-home-buyer-mortgage_flow-chart-5.jpg) We know it can be a lot. So, we’re here to lighten the (mental) load, and help you be prepared. For Alberta click here. [https://blog.mogo.ca/first-time-home-buyer-ab/#]| For Ontario click here. [https:/