Mogo Money is an online bank that sets itself apart by offering a range of services and tools that specifically appeal to Generation X. Some of these include tools for tracking spending to empower consumers to get out of debt, as well as a finance app with credit score monitoring. With Mogo, customers are also able to take advantage of mortgages, personal loans and even use a Free Spending Account, which Mogo calls "the cure for overspending."
Users are able to sign up easily for an account with Mogo, yet making the most of its products and services does not require switching banks.
Alongside offering a variety of useful features online and via its app, Mogo Money also operates the MogoLounge, a brick-and-mortar space in Toronto that offers financial advice and Millennial-targeted events.