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Quick answer:
The University asks you to allow two business days to process an online banking payment. Online banking payments to this payee cover tuition only, not housing, library or other charges. The math on this page uses $600/month as an example tuition; your own amount will differ, and the cash back scales with it.
Format: 7-digit student ID followed by the first four letters of your last name (for example 1234567SMIT); if your last name has fewer than four letters, complete it with letters from your first name. Combine your seven-digit UAlberta student ID with the first four letters of your last name and enter it as the account number on the University of Alberta payee.
Verified against www.ualberta.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 $600/month University of Alberta tuition, that's roughly $216 back per year between a 2% cash-back card and Neobanc, for the exact same tuition.
On a $600/month tuition, a 2% cash-back card returns about $12.00/month, and Neobanc adds $6.00 on top, roughly $216 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 $216 a year. Tuition unpaid by the deadline is charged interest of 18 per cent per annum. A recurring Neobanc payment a few business days before the due date earns on every cycle and never runs late.