The Neo MoneyTM account offers users the best features of a chequing and savings account mixed with the convenience of a credit card. Neo MoneyTM account allows users to earn a high-interest rate of 2.25% on the balance in their account, as well as an average of 5% cash back on over 10,000 businesses in Canada, with cashback rewards paid out instantly.
The Neo MoneyTM account has no monthly, annual, or hidden fees, and everyday transactions (deposits, transfers, Interac e-transfers) are all free of charge. In addition to the digital services, users will also receive a physical Neo MoneyTM account card for in-person transactions. Read on for our comprehensive Neo MoneyTM account to help you determine if Neo is right for you.