No, the BMO Travel Prepaid Mastercard is also known as the BMO Prepaid Mastercard. It is not only for travellers and can be used by locals as well. It’s considered a good fit for travellers since it supports international stores and ATMs. However, like most providers, BMO charges a 2.5 percent conversion fee. Using Hardbacon’s Currency Conversion Calculator, you can see how much your dollar is worth in an alternate currency.