Neo Chequing Account
$0
Monthly fee
A no-fee chequing account with cashback on gas and groceries via the Neo Money card.
Key features
- 1% cashback on gas and groceries with the Neo Money card
- Free e-Transfers, bill pay, and PADs
- ATM withdrawals at any Canadian ATM
- Max balance $200k
- CDIC insured via Peoples Bank
Interest Rate
As of October 30, 2026, the Neo Chequing account pays 0.00% interest on your balance, down from 0.10%. To earn interest on your cash, the Neo Savings account pays up to 3.00%, depending on your Neo membership.
Fees
Neo's chequing account carries no monthly fee.
There are no NSF fees either, so a bounced payment won't cost you anything extra.
Account Features
The account pairs with the Neo Money card, which earns 1% cashback on gas and grocery purchases.
Everyday banking is free with Neo Financial, including e-Transfers, bill payments, and pre-authorized debits. ATM withdrawals work at any Canadian ATM.
Keep in mind that the account holds a maximum balance of $200,000.
Deposits are held by Peoples Bank of Canada, a CDIC member.
Legal Disclaimers
Terms and conditions apply. The information for the Neo Chequing Account has been collected independently by Prince of Travel and is not provided or reviewed by Neo Financial. Offers, rates, and fees are subject to change — always confirm details on the financial institution's website before applying.
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Last updated: October 31, 2026