Anytime a charge comes up on your credit card, it’s important that you understand where it came from. Most things on your card will be daily purchases you have made and are usually easy to understand. A charge for Walmart, for example, may come up as “Walmart”.
But some other charges are more coded. One such code that a variety of people have found “suspicious” is the MTO RUS-SO eChannel charge. This charge often appears on credit card statements as mto rus- so echannel downsview ON. But what is this charge, and should you be concerned if you see it on your credit statement?
What is the MTO RUS-SO eChannel charge? Is it suspicious?
The simple answer to this question is no. Though many people have questioned this charge on their credit cards, it is not deemed suspicious. In other words, it is not thought to be a fraudulent charge.
So if it’s not fraudulent, where does it come from?
The MTO RUS-SO eChannel charge comes from the Ministry of Transportation (MTO). The Ministry of Transportation is a corporation in Ontario that manages everything to do with transportation.
From road safety to vehicle registrations and licensing, to transportation coordination, the MTO is responsible for all things dealing with motor vehicles. If you see the MTO RUS-SO eChannel charge, you may have been charged for license renewal.
What is a Licence Renewal?
In Ontario, your driver’s license is only valid for five years. Fortunately, this doesn’t mean you have to go for a new driving test every five years. What it does mean, however, is that you need to pay a fee to renew your license. You can find the cost of the fee on the Ontario.ca website.
How do you know it’s time to renew your license? The MTO will often send you a reminder via your mailing address to let you know it’s almost time to renew your license.
With that being said, you can also find this information on your driver’s license itself. On the front of the card, you will see where it says “expiry date”. This is the date by which you are expected to have your license renewed.
How do you renew your license?
You can renew your license by going into your local Ontario Service Center or renew it online at Ontario.ca. To renew online, you will need your driver’s license and postal code.
Renewing your license online is quick and easy. Keep in mind, however, that there are some limitations to online renewal. You may have to physically go into a service center if you do not have a full G licence, have changed your address in the last 90 days, need a vision test, have outstanding fines, or have any new medical conditions that may affect your ability to drive.
In conclusion, if you see a MTO RUS-SO eChannel charge on your credit card, you don’t need to be overly suspicious. This is probably just the charge for your license renewal. With that being said, if you have not recently renewed your license, you may want to double-check with your local Service Canada to find out why you have been charged.