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Quick answer:
MRU asks you to allow 2 to 3 business days for online banking payments and says a payment made on or before the deadline is honoured, so you will not be deregistered. The math on this page uses $585/month as an example tuition; your own amount will differ, and the cash back scales with it.
Format: 9-digit MRU student ID starting with 201 (201XXXXXX), entered as your Mount Royal account number. Your MRU student ID is printed on your Campus Card, or on your acceptance letter if you do not have the card yet, and your balance is shown in MyMRU under Register & Pay.
Verified against www.mtroyal.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 $585/month Mount Royal University tuition, that's roughly $211 back per year between a 2% cash-back card and Neobanc, for the exact same tuition.
On a $585/month tuition, a 2% cash-back card returns about $11.70/month, and Neobanc adds $5.85 on top, roughly $211 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 $211 a year. If tuition and mandatory fees are not paid in full by the deadline, you are de-registered from your courses and charged a $150 re-registration fee. A recurring Neobanc payment a few business days before the due date earns on every cycle and never runs late.