Neo is a Canadian digital challenger bank. Neo financial is a tech company that reimagines the way people spend, save and earn rewards. They use technology to create custom solutions that help you do more with your money.
Products Offered
Below are all the products offered by this company.
Neo Financial: Digital Banking & Rewards for Canadians
Neo Financial is one of Canada’s fastest-growing digital banks, offering high-interest savings, no-fee spending accounts, and a lineup of innovative credit cards. Compare all Neo products below and apply online in minutes.
Neo Money™ Account
A no-fee hybrid account combining everyday spending and savings. Earn high interest on every dollar while enjoying free bill payments, transfers, and Interac e-Transfers®.
- No monthly fees, no minimum balance
- Earn high interest (up to ~2.25%+)
- Unlimited free everyday transactions
- CDIC insured deposits
Neo High-Interest Savings Account (HISA)
A dedicated high-yield savings account for growing your money faster. Perfect for building an emergency fund or long-term savings.
- Earn market-leading savings rates (often 4%+ promos)
- No monthly account fees
- CDIC insured
Neo Mastercard®
A flexible credit card with cashback up to 5% at thousands of Neo partners, and no annual fee.
- No annual fee
- Earn cashback on everyday spending
- Instant approval decisions
Neo Secured Card
Designed to help Canadians build or rebuild credit. Earn cashback while you grow your credit history.
- Guaranteed approval with security deposit
- Cashback rewards on purchases
- Reports to major credit bureaus
Neo World Mastercard®
An upgraded credit card with enhanced cashback and travel-friendly features — for those who spend more and want more perks.
- Higher cashback at Neo partners
- No annual fee
- Global acceptance via Mastercard
Neo World Elite® Mastercard
Neo’s premium credit card with exclusive perks, travel benefits, and high cashback rates for frequent spenders.
- Premium rewards & perks
- Includes insurance benefits
- Exclusive offers from Neo partners
Neo Product Comparison
| Product | Fees | Rewards / Interest | Best For |
|---|---|---|---|
| Neo Money | No monthly fees | High interest | Everyday spending + saving |
| Neo HISA | No monthly fees | Market-leading savings rates | Dedicated savings |
| Neo Mastercard | $0 annual fee | Cashback up to 5% | Everyday rewards |
| Neo Secured | No annual fee (security deposit required) | Cashback + credit building | Building credit |
| Neo World Mastercard | $0 annual fee | Enhanced cashback | Higher spenders |
| Neo World Elite | Annual fee (varies) | Premium rewards + perks | Frequent travelers & premium users |
Contact information
Calgary, Alberta
Availability:
All of CanadaSupport Offered:
- Online Inquiry Submission
- Blog
- Online Member Portal
- FAQs
- App: Google Play or App Store
- Social Media
Call Center:
Frequently Asked Questions About Neo Financial
What is Neo Financial?
Is Neo Financial safe?
Neo is a team of 200+, focused on creating rewarding experiences for their members when they spend and save. The Neo Savings account is provided by Concentra Bank, a CDIC member institution, and is eligible for CDIC deposit protection. Neo Financial is backed by ATB Financial, a financial institution in Alberta with assets of over $55.1 billion.
What are Neo Rewards like?
Earn an average 5%+ cashback at thousands of partners and at least 1% cashback guaranteed.
What is Neo Savings?
The Neo Savings account works like an everyday bank account. You can pay bills or deposit and withdraw funds — and earn high-interest while you're at it. Get the most out of your money with unlimited free transactions and no monthly or annual fees.
How do I apply for the Neo Credit Card?
Sign up in 3 minutes - and if approved, you can use your Neo credit card instantly via Apple Play or Google Pay. To be eligible for this card, you must have a valid government-issued ID and be the age of the majority in your province.
How does Neo Financial work?
Spend, save, and get rewarded with the Neo Mastercard and Neo Savings account, accessible through their app or online banking.
How is Neo Financial different?
Neo is doing things like not charging monthly fees and paying very good interest rates on savings, as well as not dinging users when they go overlimit on their credit card, as well as making it super easy to sign up for an account (without needing to go into a branch).
Who is the Neo Credit Card for?
The Neo Card targets all Canadians, with the majority of age for each relevant province. It serves the savvy spender, the experiential/local shopper, the early adopter and tech enthusiast, the credit builder, and the consolidator/automator. The Neo card guarantees 1% cashback on all purchases.
Who can use Neo Financial?
You need to live in Canada, have a Canadian photo ID and be the age of majority in your province to apply for Neo. The Neo Mastercard accepts a range of credit scores.
Is there an annual fee on the Neo Credit Card?
No. There is no monthly or annual fee for the Neo Cash Back Rewards Mastercard.
Neo Financial Reviews
Avg. Rating: 5.0 (1 review)
Quick approval
“I got approved for the credit cards within a few minutes. Loving the 5% cashback I get in my favorite stores. ”
