Purchased this $50 card at Overwaitea Foods in 2012 as a gift-misplaced it and tried to use it in June 2014. After 7 months "People's" Bank charges $2.50/month in fees, so the net loss is $54.95 including the activation fee.
Disgusting yet legal! I will never purchase any prepaid card again, and plan to distribute this info far and wide. This is just another type of service charge pillaging by banks and until people get vocal enough with their complaints, it will continue.
Canada seems to be intent on catching up with the US in number of ways to fleece money from consumers that can often least afford it. I hope this saves someone their money!
Monetary Loss: $55.