The Neo Money™ card is a prepaid Mastercard® issued by Equitable Bank pursuant to license by Mastercard International Incorporated. The Neo Money™ card is powered by the Neo Money™ account, which is provided by Concentra Bank, a CDIC member institution, and is eligible for CDIC deposit protection. Deposits held in Neo Money™ accounts are combined with eligible deposits held at Concentra Bank, 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. Neo Money™ account interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.
There are no transaction fees applicable to the Neo Money™ account. If you require a printed version of a monthly statement or other document, a $5 fee applies for each printed document.
There are no transaction fees applicable to the Neo Money™ card, other than the 2.50% foreign exchange conversion fee. If you require a rushed card replacement, a $29 fee applies.