Built for Canadians Who Pay Rent, Mortgages, and Bills
Neobanc is a secure way to handle life’s must-pay expenses—rent, mortgage, and bills—while earning rewards and staying in control. Clear terms, simple steps, and real human support.
how it works
Pay Essentials, Earn Rewards.
Add your details, fund your account, we send the payment, you keep the cashback. (Loans require a credit check; payments don’t.)
Here’s how it works:
Set up
Create your account and add your rent, bill, or mortgage details.
Here’s how it works:
Fund
Fund your Neobanc account via Interac e-Transfer® or credit card.
Here’s how it works:
We pay on your behalf
We send your payment (e.g., rent via Interac e-Transfer®) to your landlord or payee on the due date.
Here’s how it works:
You earn rewards
Eligible payments can earn up to 5% cashback, subject to promos and terms. Mortgage payments can also earn up to 0.5% cashback.
Note: Credit checks apply to loan products (personal and rent loans). Payment features do not require a credit check.
One Platform, Four Ways to Win
Renters, mortgage payers, bill payers, and borrowers—see how Neobanc works for you, step by step.
HOW CASHBACK WORKS
Real rewards on the stuff you already have to pay.
Pay rent, mortgages, and bills and earn cashback on payments. Rewards land after the payment is processed. Simple.
We get it — if you're getting cashback at no cost, you probably wonder: What Neobanc gets in return?
It's a win-win
It's a win-win
It's a win-win
It's a win-win
It's a win-win
It's a win-win
Here’s how we make our share:
Networks
Some brands pay us to use their payment rails — we pass most of it on to you
Commissions
Optional services for you coming soon (insurance, loans, credit reporting...)
Referral fees
If we help you get a mortgage, the bank pays us. You don’t.
Got questions?
EXPAND FOR MORE
FAQs
What Is Rent Reporting (and Why It Matters)
Rent reporting is a way to turn your biggest monthly expense—rent—into something that actually benefits your financial future. Unlike credit cards or loans, rent payments don’t automatically show up on your credit report. But with Neobanc, they can.
By paying rent through Neobanc, we securely report your payments to credit bureaus that accept rental data in Canada. That means your on-time rent payments can now help you build credit history, improve your score, and strengthen your financial profile—all without taking on new debt.
Do I need my landlord’s permission to report rent?
Not at all. Since you’re making your rent payments directly through Neobanc, we already have the information needed to verify and report them—no landlord involvement required.
Why It Helps Your Credit
Your credit score is influenced by a few key factors—payment history being the biggest. By adding verified rent payments to your report, you’re showing lenders that you can handle regular, recurring payments responsibly.
Other benefits include: • Adding activity to thin or new credit files • Building credit without needing a credit card • Strengthening your profile without taking on debt
It’s credit-building that fits your real life—not just your credit card limit.
Who Should Use Rent Reporting?
Rent reporting is a smart move if you: • Are new to Canada and don’t have a long credit history • Are a student or young adult without a lot of credit accounts • Want to build credit without borrowing • Are tired of rent helping your landlord’s equity, not your own financial future
How long does it take to see changes on my credit report?
Typically within 30 to 60 days. Once you start using rent reporting, most users see updates to their credit file within 1–2 reporting cycles. Keep in mind that credit bureaus update reports on their own schedule, so results may vary slightly based on timing and your full credit profile.
What if my rent amount changes or I move?
No problem.
If your rent amount changes, or you move to a new place, you can update your payment details directly in Neobanc. As long as you continue paying rent through our system, we’ll keep reporting your payments without interruption.
Backed by world-class investors and accelerator programs.
Build Credit with Every Rent Payment
No credit card. No debt. Just on-time rent doing more for your future.
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