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Quick answer:
The payee name differs by bank, for example RBC lists RICHMOND BC, CITY - TAXES and TD lists RICHMOND (CITY OF) TAXES, and the City asks you to allow two to three days for your bank to process the payment. The math on this page uses $250/month as an example property tax; your own amount will differ, and the cash back scales with it.
Format: 9-digit folio number, entered as the account number. The 9-digit folio number is printed at the top of the Property Tax Notice.
Verified against richmond.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 $250/month City of Richmond property tax, that's roughly $90 back per year between a 2% cash-back card and Neobanc, for the exact same property tax.
On a $250/month property tax, a 2% cash-back card returns about $5.00/month, and Neobanc adds $2.50 on top, roughly $90 per year for switching how you pay, not what you pay.
Change how you pay before what you pay. Paying by bank transfer or Property Pre-Authorized Withdrawal (PAWS) plan earns nothing; the same property tax through Neobanc with a cash-back card returns about $90 a year. A 5% penalty is charged on any balance unpaid after the due date on the first business day of July, and a further 5% on any balance still outstanding after the second due date in September. A recurring Neobanc payment a few business days before the due date earns on every cycle and never runs late.