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Neo Financial review

Updated September 29, 2026 · SumCue Editorial Team · Facts checked September 29, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Neo Financial suits you if you want cashback spending alongside savings of easy access that leave funds within reach. Annual fee of CAD 0 keeps everyday card costs low while headline rate of 2% to 2.75% rewards savers who value flexibility for everyday use.

Key facts

Best for
Cashback card users who also want flexible savings
Annual fee
CA$0↗
Rewards type
Cashback↗
Rewards rate
Cashback at partner stores↗
Card kind
Credit↗
Legal entity
Neo Financial Technologies Inc.↗
Headquarters
Canada↗
Founded
2019↗
Support channels
Help-centre, Community↗
Pricing model
No annual fee
Features
Rewards, Secured
Official website
neofinancial.com

Savings

Headline rate
2% to 2.75%↗
Rate type
Variable↗
Minimum deposit
CA$0↗
Access terms
Access money anytime↗
Monthly fee
CA$0↗
Account kind
Easy access↗

Debit cards

Card type
Prepaid↗
Cashback rate
1%↗
Card network
Mastercard↗

Facts checked September 29, 2026, 11 sources

Apps and profiles

Get the app
Google Play
Elsewhere
LinkedInXfacebook.com

Pros and cons

Pros

  • Annual fee of CAD 0 keeps card ownership low cost
  • Rewards type of cashback adds value at partner stores
  • Headline rate of 2% to 2.75% with minimum deposit of CAD 0 welcomes smaller balances

Cons

  • Support runs on help centre and community only, which limits how you can get help
  • Rate type of variable means savings returns can move over time

Ready to try Neo Financial?

Scored 8.6 / 10 by SumCue.

See alternatives

Who it suits

  • Shoppers who want cashback on partner spending
  • Savers who want flexible access with low entry

Who should look elsewhere

  • If you want platform trading extras, eToro may fit your broader investing aims
  • If you want a euro based card comparison, AXI Card Tarjeta y Credito may suit your location

Rates and terms

You earn headline rate of 2% to 2.75% on savings that stay within reach. Rate type of variable means the return can move with wider market conditions rather than staying fixed. That suits you if you prefer access over locking funds away, though you should expect some change in what you earn over time.

How Neo Financial compares

Where Neo Financial is available

Available
Canada

Countries from the brand (Source, checked September 29, 2026)

Frequently asked questions

What annual fee does Neo Financial charge?+

You pay annual fee of CAD 0 for the card under model of no annual fee. That keeps fixed ownership costs down for everyday spending while rewards add value. Card terms remain subject to wider credit conditions.

Is there a monthly fee?+

You pay monthly fee of CAD 0 for the money account. That keeps ongoing upkeep predictable while you manage spending and savings in the same place. Account use remains subject to standard eligibility and account terms.

How do the card rewards work?+

You earn rewards type of cashback on card spending, with added value at partner stores. That suits you if you shop with participating retailers and pay balances in full. Reward availability can vary by retailer and by offer period.

What savings rate can you earn?+

You earn headline rate of 2% to 2.75% on savings, with rate type of variable. That means returns can move with wider market conditions rather than staying locked. The account suits savers who favour access over fixed certainty.

How much do you need to open savings?+

You can start saving with minimum deposit of CAD 0. That lowers the barrier if you want to build balances gradually from everyday income. Funds stay accessible rather than tied to a fixed deposit schedule.

How can you get help with your account?+

Support runs on help centre and community. That gives you self serve help and peer discussion rather than phone or live chat routes. Check help articles before you apply if you prefer direct contact for account queries.

Sources

Compiled from 11 source pages, checked September 29, 2026. We did not open an account.

Not confirmed yet: APR, Currency conversion fee.

Neo Financial

Cashback card users who also want flexible savings

8.6/10See alternatives