Neo Financial

Neo Financial

About this app

Rethink your money with The Globe & Mail’s Top Growing Company of 2024.


BOOSTED CASHBACK
Money goes in. Cashback goes up. Get boosted cashback rates on your purchases as you save in your Neo Everyday account.¹ And earn an average of 5% additional cashback² at thousands of partners with eligible Neo products.


A WINNING HAND IN YOUR POCKET
Reward your spending with a suite of credit cards that earn Canada’s highest cashback rates.


NO MONTHLY FEES
The all-in-one Everyday account with no monthly fees, no minimum balances, and free everyday transactions.


BUILD YOUR CREDIT HISTORY
Neo secured credit cards help you build your credit score3 while earning instant cashback


SAVINGS MADE SIMPLE
Easily track progress and grow your money with our with our High-Interest Savings Account⁴.


NEO MORTGAGE™
Get your best mortgage rate, fast turnaround, and expert support.


CONTROL YOUR OWN MONEY
Pay bills, make deposits, withdraw, and transfer, all from one place.


SAFE & SECURE
Stay protected against fraud with Mastercard® Zero Liability protection⁵​​. Keep your deposits secure with Canadian Deposit Insurance Corporation⁶.


SMART DATA
View your spending and cashback at a glance or prompt Neo AI for personalized insights⁷ into your money.


For more information, please visit neofinancial.com.

¹ 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 website.


² Average based on current offers at select partners. Cashback may be limited and varies by perks, offer, and partner. Cashback, perks, insights, and other offers and rewards are operated by Neo.


³ Conditions apply. Must 1. be the age of majority in your province or territory of residence; 2. be a Canadian resident; 3. provide security funds.


⁴ Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.


⁵ Certain terms, conditions and exclusions apply. Contact your issuing financial institution for complete coverage terms and conditions.


⁶ 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.


⁷ Neo AI is an educational tool and shouldn't be used as a source of financial advice, answers provided by Neo AI may not always be accurate.


Neo Credit and Neo Secured Credit cards are issued by Neo Financial™ pursuant to license by Mastercard International Incorporated.


Mastercard®, World Elite®, and the circles design are registered trademarks of Mastercard International Incorporated.


Neo Mortgage Services Inc. Licenses - Ontario FSRA #13444, British Columbia MB600606, Alberta, Saskatchewan 510903|512351, Manitoba, Newfoundland & Labrador #2207NE1151, New Brunswick, Nova Scotia #20213000380|20223000521, PEI.


All product and company names, logos, brands, and images are trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Ratings and reviews

Terrible. This credit card can be used beyond the available credit, unlike my other cards. The first time I was over by 50 cents and I was charged $29. Yesterday i had another small charge from Amazon and I was charged another $29! this is so annoying, it's stealing to me. I also made a large payment 3 days before and showed up in the account hours after Amazon charged the card. NEO please decline these charges if the money is not in the account.

This app is not particularly useful. I got a neo savings account with the plan to auto save $10/week. It takes 1 week for the money to transfer from your another bank's chequing account to the neo savings account. Its a completely ridiculous digital bank. Your money is trapped for 1 week and it's not yielding anything. Just useless. Its not even reversible so u have to wait the entire week. They domt have an intarac instruction to transfer to the savings account. Very useless app.

Ive been using it for around 4 or 5 months now, the credit cards and cashbacks are the best Ive ever seen. Unfortunately some partner offers do not trigger automatically and I had to manually flag for review. Its been months and Im still waiting, customer service is by far and large the worst Ive ever seen in any company Ive ever dealt with. There is no universe where I could recommend anyone to put their savings in Neo. Just stick to the credit cards, this is not a trustable institution.

What’s new

Less time in the app. More time enjoying summer. We made a few things faster.