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Quick answer:
Memorial treats online banking payments made on or before a fee deadline as received on the bank transaction date, and says they should be processed within 3 business days. The math on this page uses $565/month as an example tuition; your own amount will differ, and the cash back scales with it.
Format: Your Memorial student number, entered as the bank account number. Your student number is your account number; after paying, log in to my.mun.ca and check your student account to make sure the payment was applied.
Verified against www.mun.ca, October 2026.
Yes, and it's the whole point. Most billers don't reward you for how you pay. Through Neobanc, your card earns its normal rewards and Neobanc adds 1% cash back on top. On a $565/month Memorial University of Newfoundland tuition, that's roughly $203 back per year between a 2% cash-back card and Neobanc, for the exact same tuition.
On a $565/month tuition, a 2% cash-back card returns about $11.30/month, and Neobanc adds $5.65 on top, roughly $203 per year for switching how you pay, not what you pay.
Change how you pay before what you pay. Paying by bank transfer or pre-authorized debit earns nothing; the same tuition through Neobanc with a cash-back card returns about $203 a year. Memorial may charge a late payment fee of up to $75, and accounts still outstanding on the last day of exams are charged interest at the prime interest rate less 1.8% per annum, backdated to the first day of lectures. A recurring Neobanc payment a few business days before the due date earns on every cycle and never runs late.