Upgrade your chequing account. Save money.
Banks give you two choices: pay fees or hold a minimum balance. We give you one solution—a no monthly fee account that rewards you in cashback.
Legal Disclaimers
¹ Based on $3,000 deposit and a comparison of annual account fees as of August 28, 2024. Numbers rounded for simplicity. For more information, visit the Neo app.
² Cashback earn subject to monthly spend limit. After monthly spend limit is reached, subsequent purchases are not eligible for cashback. Spend limit resets monthly. Minimum Neo Everyday account balance required to earn the highest rate. For more information, visit the Neo app.
³ Average cashback based on top 200 Neo customers’ cashback earn on current partner offers as of August 21, 2024. Cashback may be limited and varies by perks, offer, and partner. See the Neo Rewards™ Policy for additional terms and conditions.
The Neo Everyday and Neo High-Interest Savings accounts are provided by Peoples Bank of Canada, a CDIC member institution, and are eligible for CDIC deposit protection. Deposits held in Neo Everyday and Neo High-Interest Savings accounts are combined with eligible deposits held at Peoples Bank of Canada, for up to $100,000 of deposit protection, per category, per depositor. For more information about CDIC deposit insurance, please consult CDIC’s website cdic.ca.
The Neo Money™ card is a prepaid Mastercard® issued by Neo Financial™ pursuant to license by Mastercard International Incorporated. The Neo Money™ card is powered by the Neo Everyday account, which is provided by Peoples Bank of Canada.
Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.
Interac e-Transfer is a registered trademark of Interac Corp. Used under license. Transactions are subject to certain dollar limit maximums. For details, please see the Neo Everyday Account and Prepaid Mastercard® Disclosures and Fees
I already have a Neo Everyday account set up, how do I get a physical card?
Got questions?
We've got answers.
Get set up in minutes
Open a Neo Everyday account.
Unlock the key to maximizing your money
Simply log in to your account and select Cards under the main menu. You will see a carousel of cards to select from and order a Neo Money™ card to your registered address.
Is my money insured?
The Neo Everyday and Neo High-Interest Savings accounts are provided by Peoples Bank of Canada, a CDIC member institution, and are eligible for CDIC deposit protection. Deposits held in Neo Everyday and Neo High-Interest Savings accounts are combined with eligible deposits held at Peoples Bank of Canada, for up to $100,000 of deposit protection, per category, per depositor. For more information about CDIC deposit insurance, please consult CDIC's website cdic.ca.
How does earning cashback work?
Cashback is a percentage of your spending. For instance, if you shop at a grocery store where you get 1% cashback and you spend $100, the cashback you receive will be 1% of $100, which is $1.
This cashback can be found in your Rewards Wallet which you can redeem to your account or at the Neo store.
How do I transfer funds to my Neo Everyday account?
You can transfer funds to your Neo Everyday account in several ways. You can link an external account, send yourself an Interac e-Transfer®, or move money within Neo.
How do I link an external account to my Neo Everyday account?
You can link an external account by following these steps:
1. Log in to your Neo profile
2. Click the person icon to go to your Neo profile
3. Click on Account, select Linked accounts
4. Select the + Add account
5. Follow the steps to securely log in to your external account
Is the Neo Money™ card a debit card?
The Neo Money™ card is a prepaid card that lets you do things that a debit card does — like access cash and spend your money online and in-store without having to manually load funds onto your card.
How soon can I spend with my Neo Money™ card once I sign up?
Instantly. We set up a virtual card so you can make purchases online instantly. Or add your card to your Apple Pay or Google Wallet to start spending.
Do I get cashback if I spend with my Neo Money™ card?
Yes! You’ll earn instant cashback on any transactions at partners in our rewards network.
The Neo Everyday Account
Step 1
Step 2
Step 3
Get a Neo MoneyTM card with your account.
Top up your Everyday account balance and earn increased cashback.
Do more. Get more.
The more money you have in your Neo Everyday account, the higher your cashback rates2. See for yourself below.
Neo MoneyTM Card
Gas
Groceries
Everything else
1%
1%
0%
1.5%
0%
1.5%
1.75%
0.5%
1.75%
2%
0.5%
2%
3%
1%
3%
What is the cashback amount and how do rewards work?
Our cashback amounts are tied to your Everyday balance. For example, earn 2% on gas and groceries, with an additional 0.5% on all other spend when you have $3,000 in your Everyday account. Use the calculator above to see how your Everyday balance impacts your cashback rates.
Open the door to greater rewards with an account designed to give back.
Can I earn cashback on international purchases?
You can earn cashback on international purchases if you are subscribed to the Travel perks. You will earn cashback when you pay in a foreign currency using your card. However, you won't receive any cashback if you pay in Canadian Dollars or withdraw cash from an ATM abroad.
To subscribe to the travel perk,go to:
1. Log into your Neo account, either in-app or on the web
2. Click on Perks, then select your card
3. Select Travel
4. Click on Subscribe, then go to your email to confirm the subscription
How widely accepted is this alternative debit card by merchants?
You can use your Neo Money™ card anywhere Mastercard is accepted.
Once I make a deposit, when will my cashback rate change?
Your cashback rate is determined with every transaction, this means that if you deposit $10,000, you will earn the corresponding cashback rate on your next transaction!
Everything your bank does, without charging extra.
Digital access in minutes
Apply online and access your account instantly.
Free interac e-transfer® requests
Send money to friends and family without being charged.
Free everyday transactions
Pay for your stuff, and only your stuff.
ATM access worldwide
Get your cash wherever, whenever.
Safe
Deposits are eligible for CDIC protection⁴
Pay and get paid seamlessly
No wait times. No limits. Just payday.
Take advantage of Canada's largest cashback network
Pay with Neo at any of our 10,000 partners and instantly earn with additional cashback offers like these.
Cashback earn subject to monthly spend limit. After monthly spend limit is reached, earn rate decreases for subsequent purchases. Spend limit resets monthly. Minimum balance required to earn the highest rate. For more information, visit the Neo app.
Cashback may be limited and varies by perks, offer, and partner. See the Neo Rewards™ Policy for additional terms and conditions.
$1,460 reasons to switch now
Move the balance that’s sitting in your chequing account to Neo and avoid fees while earning cashback instead. The difference is real.
